Document:

Exhibit 10.5

 Exhibit 10.5 

ARTICLE I 
 Preamble 

This instrument sets forth the restatement of the MacDermid, Incorporated Profit Sharing and Employee Savings Plan (the “Plan”)
effective generally as of January 1, 2010. Prior to such date, the Plan was most recently restated as of January 1, 2005. This instrument incorporates all amendments to the Plan adopted after the 2005 Restatement, as well as certain other
technical and miscellaneous changes as amended by the First through Fourth Amendments to the 2005 Restatement and the amendment relating to the termination of the employee stock ownership program feature of the Plan in 2007. 

The Plan and the related trust are intended to qualify as a discretionary contribution individual account plan under Section 401(a) and
Section 501(a) of the Code, respectively, and the cash or deferred arrangement under the Plan is intended to qualify under Section 401(k) of the Code. 

Background. The Plan is the result of the merger, over the course of many years, of a number of separate plans, commencing with the
merger, effective April 1, 1996, of the MacDermid, Incorporated Employees’ Profit Sharing Plan (the “Profit Sharing Plan”) and the MacDermid, Incorporated Employee Stock Ownership Plan (the “Employee Stock Ownership
Plan” or “ESOP”). 
 The original version of the Profit Sharing Plan was adopted on December 15, 1952, effective as of
January 1, 1952. It was intended to effectuate a moral objective of the Company to share profits with employees and also to encourage employee thrift, so as to further enhance the financial growth, independence and security of the
Company’s employees and their families and beneficiaries at the time of retirement or disability, other termination of employment, or of death. 

The Employee Stock Ownership Plan was established to further assist employees in planning financially for retirement, disability or
termination of employment and to afford employees an opportunity to acquire a proprietary interest in the Company. The Employee Stock Ownership Plan was originally adopted as of April 1, 1980. The Employee Stock Ownership Plan was intended to
qualify under Section 401(a) and to meet the requirements for an employee stock ownership plan under Section 4975(e)(7) of the Code including, without limitation, the requirements relating to qualifying employer securities that may be held
by the ESOP. In 2007, the securities of the Company ceased to be traded on an established securities market. In connection with this change, the Plan ceased to include an employee stock ownership plan feature. Participants’ account balances
under the employee stock ownership plan feature were reinvested in one or more of the remaining investment options, including a restricted investment in stock of the new entity. 

In addition to the Profit Sharing Plan and the Employee Stock Ownership Plan, other plans have contributed to the Plan set forth in this
instrument. Effective January 1, 1999, the MacDermid Imaging Technology, Inc. 401(k) and Profit Sharing Plan (the “MacDermid Imaging Plan”) was merged into the Plan in connection with the merger of MacDermid Imaging

  
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Technology, Inc. (“MacDermid Imaging”) into MacDermid, Incorporated; effective October 1, 1999, the Canning Gumm, Inc. 401(k) Plan (the “Gumm Plan”) was merged into the
Plan; effective January 1, 2000, the W. Canning, Inc. 401(k) Plan (the “W. Canning Plan”) was merged into the Plan; effective February 1, 2000, the Polyfibron Technologies, Inc. Savings and Investment Plan (the “PTI
Plan”) was merged into the Plan; effective January 1, 2003, the MacDermid Equipment 401(k) Plan, the MacDermid Equipment, Inc. Money Purchase Plan and Trust and the Polyfibron Technologies, Inc. Retirement Plan were merged into the Plan;
effective January 1, 2003, the MacDermid Equipment 401(k) Plan, the MacDermid Equipment, Inc. Money Purchase Plan and Trust and the Polyfibron Technologies, Inc. Retirement Plan were merged into the Plan; and, effective January 1, 2006,
the Autotype Americas, Inc. 401(k) Plan was merged into the Plan. 

  
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 ARTICLE II 

Definitions and Construction 

Whenever used in this instrument: 

2.1 “Administrator” means the person or persons appointed pursuant to Article X to administer the Plan in accordance with said
Article. 
 2.2 “Affiliated Company” means (a) any corporation (other than the Company) which is a member of a
controlled group of corporations (as defined in Section 414(b) of the Code) with the Company; (b) any trade or business (other than the Company), whether or not incorporated, which is under common control (as defined in Section 414(c)
of the Code) with the Company; (c) any trade or business (other than the Company) which is a member of an affiliated service group (as defined in Section 414(m) of the Code) of which the Company is also a member; or (d) any entity
(other than the Company) required to be aggregated with the Company pursuant to regulations issued under Section 414(o) of the Code; provided, that the term “Affiliated Company” shall not include any corporation, unincorporated
trade or business or other entity prior to the date on which such corporation, trade or business or entity satisfies the affiliation or control test of (a), (b), (c) or (d) above. In identifying “Affiliated Companies” for
purposes of Section 4.7(a), the definitions in Sections 414(b) and (c) of the Code will be modified as provided in Section 415(h) of the Code. 

2.3 “Approved Leave” means a leave of absence authorized by the Company under the Company’s standard personnel
practices; provided, that all persons under similar circumstances must be treated alike in the granting of such Approved Leaves; and provided further, that the Participant returns within the period specified in the Approved Leave. 

2.4 “Autotype” means Autotype Americas, Inc. 

2.5 “Autotype 401(k) Plan” means the Autotype Americas, Inc. 401(k) Plan. 

2.6 “Board of Directors” means the Board of Directors of MacDermid, Incorporated. 

2.7 “Break in Service” means one or more consecutive One Year Breaks in Service. The term “One Year Break in
Service” means, with respect to any person, a Plan Year during which the person does not complete 500 or more Hours of Service, except as otherwise provided herein. An Approved Leave shall not constitute a Break in Service, but shall not
be considered as Credited Service under the Plan, except as otherwise specifically provided herein. 
 2.8 “Cash
Distributions” means the amount which a Participant elects to receive as a cash distribution for any Plan Year in accordance with the provisions of Section 4.6. 

2.9 “Code” means the Internal Revenue Code of 1986, as from time to time amended. 

2.10 “Company” means MacDermid, Incorporated, a corporation organized and existing under the laws of the State of
Connecticut, and any Affiliated Company which adopts the Plan with the consent of MacDermid, Incorporated. 

  
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 2.11 “Compensation” means, with respect to any Employee for a Plan Year: 

 

	 	(a)	During Employment. For purposes of Sections 2.30 and 4.7(a), for any Employee, while such Employee is currently employed by the Company, the Employee’s wages, salaries, fees for professional services
and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Company to the extent that the amounts are includable in gross income (or to the
extent that the amounts would have been received and includible in gross income but for an election under Sections 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), 457(b) of the Code), including but not limited to commissions paid to salesmen,
compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, reimbursements, expense allowances, and any amounts includible in an Employee’s gross income under
Section 409A, but not including any items excludable from the definition of compensation under Treasury Regulation Section 1.415(c)-2(d)(3). 

  

	 	(b)	Post-Severance. For purposes of Sections 2.30 and 4.7(a), for any Employee, after such Employee has separated from service with the Company: 

 

	 	(i)	Payments Made Within 2 1⁄2 Months from Separation from Service. Amounts described in paragraph (a) above, that are
paid (1) within two and one half months of the Employee’s separation from service or (2) at the end of the limitation year that included the Employee’s date of separation from service; 

 

	 	(ii)	Regular Wages Pages After Separation from Service. Payments of regular compensation for services during an Employee’s regular working hours, or compensation for services outside of an Employee’s regular
working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments that would have been paid to the employee prior to a severance from employment if such Employee had continued to be employed by the Company;

  

	 	(iii)	Leave Cashouts and Deferred Compensation. Payments for unused accrued bona fide sick, vacation, or other leave, but only if an Employee would have been able to use the leave if such Employee had continued to be
employed by the Company or amounts received by an Employee pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid to such Employee at the same time if such Employee had continued to be employed
by the Company and only to the extent such amount is includible in such Employee’s gross income; 

  

	 	(iv)	 Salary Continuation Payments for Military Service and Disabled Participants. Payments to a Participant who is no longer an Employee because of
qualified military service (as defined in Section 414(u)(1) of the Code) or permanent and total disability (as defined in Section 22(e)(3) 

  
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of the Code) that are not in excess of the amounts such Participant would have received if such Participant had continued to be employed by the Company. 

For all other purposes under the Plan, for any Employee, the Employee’s total compensation which is reportable as income
subject to federal income tax withholding paid to the Employee during the Plan Year or which would have been so paid if not deferred by the Employee’s election under Section 4.3 or under any cafeteria plan maintained by the Company. 

Consistent with Section 401(a)(17) of the Code, the Compensation of each Participant for any Plan Year shall be limited to
$200,000 (as adjusted from time to time by the Secretary of the Treasury or his delegate). 
 2.12 “Continuous Employment”
means the aggregate regular and customary employment by the Company for a period of one or more complete Plan Years, including periods of Approved Leave, and shall include all complete Plan Years of employment whether continuous or interrupted. If
an Employee is absent solely because of sickness or disability, he shall be deemed an eligible Employee continuously employed during such period as the Company continues him on its payroll, but he shall not be deemed an eligible Employee or
continuously employed during such absence after such period unless absent on Approved Leave. On and after April 1, 1969 continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined above, by
Brookside AIL Corporation (formerly American Industrial Linings, Inc.). Effective January 1, 1999 continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined above, by MacDermid Imaging
prior to January 1, 1999. Effective October 1, 1999, continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined above, by Gumm prior to October 1,
1999. Effective January 1, 2000, continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined above, by W. Canning prior to January 1, 2000. Effective February 1, 2000,
continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined above, by PTI prior to February 1, 2000. Effective January 1, 2003, continuous employment by the Company shall for purposes
of the Plan include all continuous employment, as defined above, by MEI prior to January 1, 2003. Effective January 1, 2006, continuous employment by the Company shall for purposes of the Plan include all continuous employment, as defined
above, by Autotype prior to January 1, 2006. 
 2.13 “Credited Service” means, with respect to any person, the number
of Plan Years during each of which such person has completed at least 1,000 Hours of Service; provided, however, that: 
  

	 	(a)	Notwithstanding anything in this Section 2.12 to the contrary, for any Participant, the Participant’s last period of Continuous Employment with the Company prior to April 1, 1976 shall be counted as
Credited Service. The partial year beginning a Participant’s such last period of Continuous Employment shall be deemed to be one full year of Credited Service if (i) for Plan Years commencing prior to January 1, 2002, such partial
year began on or before October 31, or (ii) for Plan Years commencing on or after January 1, 2002, such partial year began on or before July 31. 

  
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	 	(b)	In the case of any person who does not have any nonforfeitable right to a benefit derived from Company contributions, years of Credited Service prior to any Break in Service shall not be taken into account if the
number of consecutive One Year Breaks in Service is five or more. The aggregate number of years of Credited Service prior to such Break in Service shall be deemed not to include any years of Credited Service not required to be taken into account
under this Section by reason of any prior Break in Service. 

  

	 	(c)	Without limiting any other Plan provision, with respect to the Plan Year ending December 31, 2001, each Participant credited with an Hour of Service between April 1, 2001 and December 31, 2001 and who has
not separated from covered service prior to January 1, 2002 shall be credited with a Year of Service for such Plan Year. 

2.14 “Early Retirement Age” means age 55. 

2.15 “Effective Date” means, with respect to the restatement of the Plan set forth in this instrument, January 1, 2010.

 2.16 “Elective Contribution” each mean the contribution made to the Plan on behalf of a Participant under
Section 4.3(a). Prior to the elimination of the employee stock ownership feature of the Plan in 2007, the term “Elective Contribution” also included certain elective employee contributions on behalf of the Participant to such employee
stock ownership feature of the Plan. 
 2.17 “Elective Contribution Account” means an Elective Contribution Account or
Employer Special Share Account maintained for a Participant to record his Elective Contributions and adjustments thereto. “Elective Contribution Account” means the account maintained for a Participant to record his Elective Contributions
to Plan and adjustments thereto. “Employer Special Share Account” means the account maintained for a Participant to record his interest, if any, in New MacDermid Stock that was converted from stock previously held under the elective
deferral account of the Plan’s employee stock ownership plan feature in connection with the elimination of that feature prior to the Effective Date. 

2.18 “Employee” means any person between whom and the Company or an Affiliated Company there exists the common law
relationship of employee and employer and who is receiving remuneration for personal services rendered to the Company or an Affiliated Company, as the case may be, including any person absent on Approved Leave and any person who is also an officer
or director of the Company or an Affiliated Company, but excluding (a) any officer or director not otherwise employed by the Company or an Affiliated Company, (b) any person who merely receives from the Company, an Affiliated Company or
the Trust a retirement allowance or benefit, retainer or fee under contract but who is not otherwise an employee, (c) any employee who, by virtue of a general bargaining obligation, agreement or good faith impasse between the Company or an
Affiliated Company and a labor organization 

  
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which the Company or the Affiliated Company is legally obligated to recognize as such employee’s exclusive bargaining representative, is precluded from participation in the Plan and
(d) any person who is a nonresident alien and who receives no earned income from the Company or an Affiliated Company which constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code). Any
person who is a “leased employee,” within the meaning of Section 414(n) of the Code, and any person required to be considered an employee pursuant to regulations under Section 414(o) of the Code, shall be considered an employee
to the extent required under such Section; provided, that no such person shall be eligible to become a Participant until he is actually employed by the Company. 

2.19 “Employee Profit Sharing Contribution” means the amount contributed by a Participant under the Plan pursuant to
Section 4.2. 
 2.20 “Employer Contribution” means the amount contributed by the Company under the Plan for each Plan
Year pursuant to Section 4.1. 
 2.21 “Employer Money Purchase Contribution” means the amount contributed by the
Company on behalf of certain former participants in the MEI MP Plan pursuant to Section 4.1. 
 2.22 “Employer Contribution
Account” means the account maintained for a Participant to record his share of the contributions of the Company under Section 4.1 and adjustments thereto. 

2.23 “Employer Money Purchase Contribution Account” means the account maintained for a Participant to record his share of the
Employer Money Purchase Contributions made by the Company under Section 4.1 and adjustments thereto. 
 2.24 “Employer Special
Share Account” means the account maintained for a Participant to record his interest, if any, in New MacDermid Stock that was converted from stock previously held under the employer contribution account of the Plan’s employee stock
ownership plan feature before the elimination of that feature prior to the Effective Date. 
 2.25 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time. 
 2.26 “Fiduciary” means the Company, the
Administrator and the Trustee, but only with respect to the specific responsibilities of each with respect to the administration of the Plan and Trust Fund, as provided in Article X. 

2.27 “Forfeiture” means the portion of a Participant’s Employer Contribution Account and Employer Money Purchase
Contribution Account and Employer Special Share Account which is forfeited because of termination of employment before full vesting. 
 2.28
“Gumm” means Canning Gumm, L.L.C., a Delaware limited liability company of which the Company is the sole member, and its predecessors. 

2.29 “Gumm Plan” means the Canning Gumm, Inc. 401(k) Plan. 

  
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 2.30 “Highly Compensated Employee” means, effective April 1, 1997, 

 

	 	(a)	For Plan Years beginning on or before January 1, 1996, an Employee who, during the Plan Year in question or the preceding Plan Year, 

 

	 	(i)	was at any time a five-percent owner (as defined in Section 416(i)(1) of the Code) of the Company, 

 

	 	(ii)	received Compensation in excess of $75,000, 

  

	 	(iii)	received Compensation in excess of $50,000 and was in the top-paid group of employees (as defined in Section 414(q) of the Code, based upon the exclusion of all employees
excludable under Section 414(q)(8)) for the Year, or 

  

	 	(iv)	was at any time an officer of the Company and received Compensation greater than 150 percent of the amount in effect under Section 415(b)(1)(A) of the Code for such Year. 

The $75,000 and $50,000 amounts in (ii) and (iii) above shall automatically be adjusted if and to the extent the
corresponding amounts in Section 414(q) of the Code are adjusted by the Secretary of the Treasury. No more than 50 Employees (or, if less, the greater of three Employees or 10 percent of all Employees) shall be treated as officers for purposes
of clause (iv) above. An individual who was not described in (i), (ii), (iii), or (iv) above during the preceding Plan Year shall be a Highly Compensated Employee during the current Plan Year only if he is described in (i) above or is
among the 100 Employees with the greatest Compensation for the current Plan Year. 
 If an Employee is described in
(i) above or is among the ten Employees with the greatest Compensation during the Plan Year, the Employee and any family members, as defined in Section 414(q)(6) of the Code, who are also Employees shall be treated as a single Employee.

  

	 	(b)	For Plan Years beginning on or after January 1, 1997, an Employee who (i) was a 5-percent owner, as defined in Section 416(i)(1) of the Code, of the Company at any time during the Plan Year or the
preceding Plan Year, or (ii) for the preceding Plan Year received Compensation from the Company in excess of $80,000 (adjusted as provided in Section 415(d) of the Code), and, if the Company elects the operation of the remainder of this
clause (ii), was in the top twenty percent of all Employees of the Company on the basis of Compensation for such preceding Plan Year. 

  
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 2.31 “Hours of Service” means for any Employee during any period of time: 

 

	 	(a)	Each hour for which the Employee is directly or indirectly paid, or entitled to payment, for the performance of duties for the Company or an Affiliated Company, each such hour to be credited to the Employee for the
computation period in which such duties were performed. 

  

	 	(b)	(i) Each hour for which the Employee is directly or indirectly paid, or entitled to payment, on account of any of the following periods during which no duties are performed; provided, however, that no more
than 501 Hours of Service shall be credited under this paragraph (b) to any person on account of any single continuous period during which he performs no duties; and further provided, that Hours of Service shall not be credited
under this paragraph (b) for a payment which solely reimburses the Employee for medically related expenses incurred by the Employee, or which is made or due under a plan maintained solely for the purpose of complying with applicable
worker’s compensation, unemployment compensation or disability insurance laws: 

 (A) Periods of time
during which the Employee has been excused from work by the Company or an Affiliated Company by reason of vacation, holiday, illness, incapacity (including disability), layoff or jury duty; provided, that in the event that such person fails
to return to work upon the expiration of the period for which he has been so excused, his employment shall be deemed to terminate upon such expiration; 

(B) Periods of Approved Leave authorized in writing by the Company; provided, that in the event the Employee fails to
return to the active employ of the Company or the Affiliated Company upon the expiration of the period of such Approved Leave his employment shall be deemed to terminate upon such expiration; 

 

	 	(ii)	(A) In the case of a payment made or due which is calculated on the basis of units of time, the number of Hours of Service to be credited shall be the number of regularly scheduled working hours included in the units of
time on the basis of which the payment is calculated. Such hours shall be credited to the computation period in which the period during which no duties are performed occurs, beginning with the first unit of time to which the payment relates.

 (B) In the case of a payment made or due which is not calculated on the basis of units of time, the number
of Hours of Service to be credited shall be equal to the amount of the payment divided by the person’s most recent hourly rate of compensation before the period during which no duties are performed. For purposes of this subparagraph (b)(ii)(B),
a person’s most recent hourly rate of compensation shall be (1) if his compensation is 

  
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determined on the basis of an hourly rate, his most recent hourly rate of compensation, (2) if his compensation is determined on the basis of a fixed rate for specified periods of time
(other than hours), his most recent rate of compensation for such specified period of time divided by the number of hours regularly scheduled for the performance of duties during such period of time, and (3) if his compensation is not
determined on the basis of a fixed rate for specified periods of time, the lowest hourly rate of compensation paid to employees in the same job classification as his, or if no employees in the same job classification have an hourly rate, the minimum
wage as established from time to time under Section 6(a)(1) of the Fair Labor Standards Act of 1938, as amended. Any hours to be credited under this subparagraph (b)(ii)(B) shall be credited to the computation period in which the period during
which no duties are performed occurs, or if the period during which no duties are performed extends beyond one computation period, shall be allocated between not more than the first two computation periods on any reasonable basis which is
consistently applied with respect to all employees within the same job classification, reasonably defined. 
  

	 	(iii)	Notwithstanding any of the foregoing provisions of this paragraph (b), a person is not required to be credited hereunder on account of a period during which no duties are performed with a number of Hours of Service
which is greater than the number of hours regularly scheduled for the performance of duties during such period. 

  

	 	(iv)	For purposes of this paragraph (b), in the case of a person without a regular work schedule, such person shall be deemed to have a 40 hour work week. 

 

	 	(c)	To the extent not already credited under paragraph (a) or (b) of this Section, each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or the
Affiliated Company, each such hour being credited to the computation period to which such award or agreement pertains; provided, that crediting of Hours of Service under this paragraph (c) with respect to periods described in
paragraph (b) shall be subject to the limitations set forth in such paragraph (b). 

  

	 	(d)	To the extent not already described under paragraph (a), (b), or (c) of this Section, each hour as is determined by the Company to be credited for periods covered by leaves of absence authorized by it or an
Affiliated Company; provided, however, that all such determinations shall be uniform and applicable to all persons similarly situated. 

  

	 	(e)	 Solely for purposes of determining whether a Break in Service has occurred, with respect to a person who furnishes to the Administrator such
information as shall 

  
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be reasonably required to establish that he is absent from work for maternity or paternity reasons, the number of Hours of Service which would normally have been credited to him during such
absence but for such absence (or, if the number of such Hours of Service cannot be determined, eight Hours of Service for each day of such absence); provided, however, that no more than 501 Hours of Service shall be credited with
respect to any such maternity or paternity absence. 
 For purposes of this paragraph (e), an absence from work for
maternity or paternity reasons means an absence (i) by reason of the pregnancy of the Employee, (ii) by reason of the birth of a child of the Employee, (iii) by reason of the placement of a child with the Employee in connection with
the adoption of such child by such Employee, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement. 

Hours of Service credited in accordance with this paragraph (e) shall be credited for the computation period in which the
absence begins, if necessary to prevent the Employee from incurring a Break in Service in such period, or if not, in the computation period following the period in which the absence begins if necessary to prevent such a Break in Service in that
period. 
  

	 	(f)	Effective December 12, 1994, to the extent not already credited under paragraph (a), (b), (c), (d), or (e) of this Section, each period of qualified military service in the uniformed services (as defined for
purposes of Section 414(u)(5) of the Code and the Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”)) served by an Employee shall be considered, upon reemployment of the Employee by the Company under USERRA,
for purposes of the Plan to be service with the Company. For benefit accrual purposes, each Participant who dies or becomes disabled within the meaning of Section 6.2 while performing qualified military service, within the meaning of
Section 414(u)(9) of the Code with respect to the Company shall be treated as if such Participant had resumed employment in accordance with the individual’s reemployment rights under USERRA, on the day preceding death or disability (as the
case may be) and terminated employment on the actual date of death or disability. All Participants performing qualified military service with respect to the Company who die or became disabled as a result of performing qualified military service
prior to reemployment by the Company shall be credited with service and benefits hereunder on reasonably equivalent terms. The amount of employee contributions and the amount of elective deferrals of each Participant treated as reemployed under this
paragraph (f) shall be determined on the basis of such Participant’s average actual employee contributions or elective deferrals for the lesser of (i) the 12-month period of service with the Company immediately prior to qualified
military service, or (ii) if service with the Company is less than such 12-month period, the actual length of continuous service with the Company. 

2.32 “Income” means the net gain or loss of the Trust Fund or of a separate investment fund within the Trust Fund, as the
case may be, from investments, as reflected by interest payments, dividends, realized and unrealized gains and losses on investments and expenses paid from the Trust Fund. In determining the Income of the Trust Fund or any separate fund for any
period, assets shall be valued on the basis of their fair market value. 

  
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 2.33 “Investment Committee” means a committee appointed by the Board of
Directors pursuant to Section 10.1. 
 2.34 “Investment Manager” means an investment adviser registered under the
Investment Advisers Act of 1940, a bank as defined in that Act, or an insurance company qualified to manage, acquire or dispose of assets of the Plan under the laws of more than one State, which is appointed pursuant to Section 10.1 to manage,
acquire or dispose of assets of the Plan. 
 2.35 “MacDermid Equipment” or “MEI” means MacDermid Equipment, Inc.

 2.36 “MEI 401(k) Plan” means the MacDermid Equipment 401(k) Plan established by MacDermid Equipment, Inc. effective
April 1, 1999. 
 2.37 “MEI MP Plan” means the MacDermid Equipment, Inc. Money Purchase Plan and Trust established by
MacDermid Equipment, Inc. effective April 1, 1999. 
 2.38 “MacDermid Imaging” means MacDermid Imaging Technology,
Inc. 
 2.39 “MacDermid Imaging Plan” means the MacDermid Imaging Technology, Inc. 401(k) and Profit Sharing Plan
established by MacDermid Imaging effective January 1, 1996. 
 2.40 “New MacDermid Stock” means an irrevocable
interest in a restricted investment in MacDermid, Incorporated that was converted, at a Participant’s election in 2007, from such Participant’s interest in his elective deferrals and employer contributions in the terminated employer stock
ownership plan feature of the Plan. 
 2.41 “Normal Retirement Age” means age 60. 

2.42 “Participant” means an Employee of the Company who has become a Participant in the Plan in the manner set forth in
Article III. 
 2.43 “Plan” means the MacDermid, Incorporated Profit Sharing and Employee Savings Plan contained herein, as
from time to time amended. 
 2.44 “Plan Year” or “Limitation Year” means the
12-month period ending on December 31. 
 2.45 “Prior ESOP” means the
MacDermid, Incorporated Employee Stock Ownership Plan as in effect from time to time prior to April 1, 1996. 
 2.46 “Prior
Plan” means the MacDermid, Incorporated Employees’ Profit Sharing Plan as in effect from time to time prior to April 1, 1996. 

  
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 2.47 “PTI” means Polyfibron Technologies, Inc., a corporation organized under
the laws of the State of Delaware that became a wholly-owned subsidiary of the Company effective generally as of December 29, 1999. 

2.48 “PTI Plan” means the Polyfibron Technologies, Inc. Savings and Investment Plan. 

2.49 “PTI MP Plan” means the Polyfibron Technologies, Inc. Retirement Plan established by PTI effective January 1, 1995.

 2.50 “Transferred National Starch Employee” means any individual who became an Employee of MacDermid, Incorporated
pursuant to Section 6.1 of the Purchase and Sale Agreement dated September 29, 1997 by and among National Starch and Chemical Company and MacDermid, Incorporated. 

2.51 “Trustee” means, collectively, the trustee or trustees acting under the Trust Agreement. 

2.52 “Trust Agreement” means the agreement between the Company and the Trustee establishing the trust. 

2.53 “Trust Fund” means the principal and Income of the trust under the Trust Agreement. 

2.54 “Valuation Date” means June 30, September 30, December 31 and March 31 of each Plan Year and
such other dates as the Administrator may determine. 
 2.55 “W. Canning” means W. Canning L.P., a wholly-owned subsidiary
of the Company. 
 2.56 “W. Canning Plan” means the W. Canning, Inc. 401(k) Plan. 

The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender, and the singular shall include the plural,
unless the context indicates otherwise. The words “hereof”, “herein”, “hereunder” and other similar compounds of the word “here” shall mean and refer to the entire Plan, and not to any particular provision or
Section. 

  
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 ARTICLE III 

Participation and Service 

3.1 Participation. 
 Each
individual who was a participant in the Plan on December 31, 2008 shall become a Participant in the Plan as of the Effective Date; provided, that he is an Employee of the Company on such date. Each other Employee of the Company shall
become a Participant in the Plan in accordance with the following: 
  

	 	(a)	For purposes of making Elective Contributions, an Employee shall become a Participant as of the later of (i) the first day of the calendar month next following the date his employment with the Company begins and
(ii) the date on which he files with the Administrator a salary reduction agreement in accordance with Section 4.3 to have Elective Contributions made to the Plan on his behalf. No such Participant shall be entitled to an allocation of
Employer Contributions, Employer Money Purchase Contributions or Forfeitures, or be permitted to make Employee Profit Sharing Contributions, until the requirements of paragraph (b) have been satisfied. 

 

	 	(b)	For purposes of eligibility to receive a portion of an Employer Contribution in accordance with Sections 4.1 and 5.2, an Employee shall become a Participant in the Plan (A) as of December 1 of the first Plan
Year during which he is an Employee, provided, that his employment by the Company commences on or prior to July 1 of such Plan Year (or he is otherwise earns one year of Credited Service during such Plan Year) and he is at least 18 years
of age as of such December 1 date; or (B) as of December 1 of the second Plan Year during which he is an Employee, provided, that his employment with the Company commences after July 1 of the first Plan Year during which
he is an Employee and he is at least 18 years of age as of such December 1 date. In the event that an Employee is ineligible to become a Participant under the preceding sentence solely because he is less than 18 years old, then he shall become
a Participant in the Plan as of December 1 next following the date he attains 18 years of age (or, if earlier, the date that is six months after the date he attains 18 years of age) provided that he is an Employee of the Company on such date.

 3.2 Termination of Participation. A Participant shall cease to be a Participant in the Plan on the first to occur of
the following events: 
  

	 	(a)	His retirement at or after reaching Early Retirement Age or Normal Retirement Age in accordance with Section 6.1; 

  

	 	(b)	His retirement as the result of disability in accordance with Section 6.2; 

  

	 	(c)	His death; 

  
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	 	(d)	His termination of employment with the Company for reasons other than retirement, disability or death; and 

  

	 	(e)	The termination of the Plan. 

 3.3 Rejoining After Termination of Participation. Each
Participant whose participation in the Plan terminates as a result of his retirement, disability or termination of employment for reasons other than retirement, disability or death shall again become a Participant as of the first day of his
reemployment as an Employee of the Company. 
 3.4 Inactive Status. In the event that any Participant shall in any Plan Year
accumulate 500 or more but less than 1,000 Hours of Employment or be on Approved Leave and have accumulated less than 1,000 Hours of Employment, his Employer Contribution Account, Employer Money Purchase Contribution Account and Employer Special
Share Account shall be placed on inactive status. In such case, such Plan Year shall not be considered as a period of Credited Service for the purpose of determining the Participant’s vested interest in accordance with Section 6.4, and the
Participant shall not share in the Employer Contribution (except as otherwise provided in Section 5.2), Employer Money Purchase Contribution or in Forfeiture allocations for any such Year, but he shall continue to receive Income allocations
with respect to his Accounts in accordance with Section 5.5. For Plan Years commencing on or after January 1, 2003, such a Participant shall be eligible to make contributions pursuant to Sections 4.2 and 4.3. In the event such Participant
accumulates 1,000 Hours of Service in a subsequent Plan Year, his Employer Contribution Account, Employer Special Share Account and Employer Money Purchase Contribution Account shall be restored to active status with full rights and privileges under
the Plan restored. 

  
 -15- 

 ARTICLE IV 

Contributions 
 4.1
Employer Contributions. The Company shall pay over to the Trust Fund for each Plan Year as an Employer Contribution under the Plan the amount, if any, determined by the Board of Directors in its sole discretion. 

The Employer Contribution for each Plan Year shall be paid over to the Trustee by the Company not later than the time prescribed by law for
filing its Federal income tax return, including any extensions thereof, with respect to the Company’s fiscal year ending with, or within which ends, such Plan Year. 

The Employer Contribution shall be prorated between MacDermid, Incorporated and the Affiliated Companies participating in the Plan on the
basis of the Compensation attributable to Participants who are Employees of each during the Plan Year and who are eligible to receive a portion of such Contribution in accordance with Section 5.2. 

On behalf of each Participant who, as of December 31, 2002, was a participant in the MEI MP Plan and eligible to share in allocations of
employer contributions to the MEI MP Plan, for each year of his or her participation in this Plan, the Company shall contribute and pay over to the Trust Fund an amount equal to three (3%) percent of said Participant’s base wage or salary
payments received for personal services actually rendered in the course of employment with the Company during the Plan Year for which such contribution is made; provided that, for purposes of this sentence, base wage and salary payments shall
not include commissions paid to sales personnel, compensation for services on the basis of a percentage of profits, reimbursements and expense allowances or any other amounts that the Administrator determines on a reasonable and consistent basis to
be other than base wage or salary payments; and provided further that, for purposes of this sentence, a Participant’s year(s) of participation shall not include any Plan Year in which a Participant separates from service with the
Company unless he or she is credited with more than 500 Hours of Service for such Plan Year or is an Employee on the last day of such Plan Year. 

4.2 Employee Profit Sharing Contributions. Effective January 1, 2002, each Participant may elect to make Employee Profit Sharing
Contributions on an “after-tax” basis under the Plan; provided, however, that such Contributions may not exceed three percent (3%) of the Participant’s Compensation for the Plan Year, less any voluntary
contributions made by the Employee under any other qualified plan of the Company or an Affiliated Company; and provided further, that effective January 1, 2006 in no event may a Participant elect to contribute any percentage to the Plan
under this Section 4.2 which when combined with all Elective Contributions made with respect to the same Limitation Year, exceeds eighty percent (80%) of the Participant’s Compensation. Employee Profit Sharing Contributions may be
made by means of payroll deduction in an amount equal to the percentage of Compensation designated by the Participant. A Participant may also make Employee Profit 

  
 -16- 

 
Sharing Contributions by means of direct payments to the Company which is his employer. A Participant may terminate such Contributions at any time, and may elect to increase or decrease the
amount of Employee Profit Sharing Contributions at such time and subject to such notice and timing requirements as the Administrator shall determine. 

The aggregate amount of all Employee Profit Sharing Contributions deducted by or paid to the Company in any month shall be promptly paid over
to the Trust Fund by the Company as soon as such amounts can reasonably be segregated from the assets of the Company, in accordance with applicable Department of Labor regulations. 

Employee Profit Sharing Contributions shall be fully vested and nonforfeitable at all times. The Administrator shall prescribe rules as to the
time and manner of making Employee Profit Sharing Contributions, including any minimum payroll deduction which may be elected per payroll period and the effective date of any such election, and shall provide appropriate forms to be used in making
Employee Profit Sharing Contributions and elections in connection therewith. Elections by Participants pursuant to this Section 4.2 shall be made in writing in accordance with such rules as may be prescribed by the Administrator. 

4.3 Elective Contributions. 
  

	 	(a)	Elective Contributions to Plan. Effective January 1, 2006, a Participant may elect in writing by a salary reduction agreement with the Company to have the Company contribute to the Plan on his behalf any
percentage, up to a maximum of eighty percent (80%), of his Compensation payable thereafter while he is a Participant in the Plan. 

A Participant may from time to time change such percentage by entering into a new salary reduction agreement or may at any time voluntarily
suspend any Elective Contributions on his behalf by revoking any salary reduction agreement then in effect for him; provided, however, that a Participant who suspends his Elective Contributions may resume such contributions in
accordance with Plan procedures. 
  

	 	(b)	Elective Contributions to ESOP. In connection with the elimination of the employer stock ownership feature of the Plan in 2007, elective Participant contributions to such feature ceased and are no longer
permitted. 

  

	 	(c)	Salary Reduction Agreements, Etc. A salary reduction agreement entered into by a Participant in accordance with this Section 4.3 shall be applied to reduce his Compensation otherwise payable by the Company
for each full pay period after the effective date of such salary reduction agreement until revoked or changed. Any such salary reduction agreement: 

  

	 	(i)	shall be effective as of the first day of the calendar month next following its execution or as of such other date subsequent to its execution as may be approved by the Administrator, and 

 

	 	(ii)	 shall remain in effect unless and until (A) revoked by the Participant by written notice to the Administrator, such revocation being effective as
of 

  
 -17- 

	 	
the first full pay period next following receipt by the Administrator of such notice or as of such other date subsequent to the receipt of such notice as may be approved by the Administrator, or
(B) superseded by a subsequent salary reduction agreement entered into in accordance with the provisions of this Section. 

Elective Contributions shall be paid over to the Trust Fund by the Company as soon as such amounts can reasonably be segregated from the assets
of the Company, in accordance with applicable Department of Labor regulations. To the extent required by Treasury Regulation Section 1.401(k)-1(a)(3)(iii), Elective Contributions made by a Participant shall not be paid over to the Trust Fund
before the Participant’s performance of services with respect to which the contributions are made (or when the cash or other taxable benefit would be currently available, if earlier); provided, however, that the timing of
contributions will not be treated as failing to satisfy this sentence merely because contributions for a pay period are occasionally made before the services with respect to that pay period are performed, if the contributions are made early in order
to accommodate bona fide administrative considerations within the meaning of Treasury Regulation Section 1.401(k)-1(a)(3)(iii)(C) and are not paid early with a principal purpose of accelerating deductions. 

Elective Contributions shall be fully vested and nonforfeitable at all times. The Administrator shall prescribe such rules as he deems
necessary or appropriate as to the form and manner in which elections and salary reduction agreements pursuant to this Section 4.3 are to be made. Elections and agreements shall be made in writing in accordance with such rules as may be
prescribed by the Administrator. 
  

	 	(d)	All Participants who are eligible to make Elective Contributions under this Plan and who have attained age 50 before the close of the Plan Year shall be eligible to make ‘catch-up contributions’ in accordance
with, and subject to the limitations of Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the
Code. The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up
contributions. 

 4.4 Employee ESOP Contributions. In connection with the elimination of the employer stock ownership
feature of the Plan in 2007, elective Participant contributions to such feature on an “after-tax” basis ceased and are no longer permitted. 

4.5 Employer ESOP Contributions. In connection with the elimination of the employer stock ownership feature of the Plan in 2007,
Company contributions to such feature ceased and the Company shall no longer make contributions to such feature. 

  
 -18- 

 4.6 Cash Distributions. Each Participant entitled to a share of an Employer Contribution
for any Plan Year made under Section 4.1 may elect, in lieu of having his entire share of such Contribution paid to the Trust Fund and applied for his benefit, to receive a Cash Distribution from the Company which is his employer, in an amount
equal to 33 1/3 percent of his vested share (to the extent such share does not exceed five percent of his Compensation) of his portion of the Employer Contribution for the Plan Year. Such election must be made by submitting to the
Administrator, not later than December 1 of the Plan Year for which the Contribution is to be made, a completed form as prescribed by the Administrator. An election to receive a Cash Distribution for any Plan Year is irrevocable. A new election
must be filed for each Plan Year in order to receive a Cash Distribution with respect to each such Plan Year. 
 That portion of the
Employer Contribution allocated to a Participant which may be distributed in cash pursuant to this Section shall be fully vested and nonforfeitable at all times. In the event of the death of the Participant before payment of any elected Cash
Distribution, such payment shall be made in accordance with Section 6.3. 
 4.7 Limitations on Allocations to Participants. 

 

	 	(a)	Limitations on Annual Additions Under Code Section 415. Notwithstanding any other provision of the Plan, the total Annual Additions (within the meaning of Section 415(c)(2) of the Code) made to a
Participant’s Accounts hereunder for any Limitation Year, when added to the Annual Additions to his accounts for such Year under all other defined contribution Plans maintained by the Company and the Affiliated Companies, shall not exceed the
amount permitted under Section 415 of the Code. For Plan Years beginning before January 1, 2000, in the case of a Participant who also participates in a defined benefit plan maintained by the Company or an Affiliated Company, the Annual
Addition for a limitation year will, if necessary, be further limited so that the sum of the Participant’s “defined contribution fraction” (as determined under Section 415(e) of the Code and Treasury Regulations thereunder) and
his “defined benefit plan fraction” (as so determined) for such Limitation Year does not exceed 1.0. To the extent necessary to satisfy the limitations of Section 415 of the Code for any Participant, the Annual Addition which would
otherwise be made with respect to the Participant under the Plan shall be reduced only after the Participant’s benefit is reduced under any defined benefit plan. 

Except as permitted by the provisions of the Plan concerning catch-up contributions (within the meaning of Section 4.3(d))
and Section 414(v) of the Code, the Annual Addition that may be contributed or allocated to a Participant’s Accounts under the Plan for any Limitation Year shall not exceed the lesser of: (i) $49,000, as adjusted for increases in the
cost-of-living under Section 415(d) of the Code; or (ii) 100 percent of the Participant’s Compensation within the meaning of Section 415(c)(3) of the Code, for the Limitation Year (provided, that the Compensation limit
referred to in this subsection (ii) shall not apply to any contribution for medical benefits after separation from service (within the meaning of Section 401(h) or 419A(f)(2) of the Code) which is otherwise treated as an Annual Addition.)

  
 -19- 

 Except as permitted by the provisions of the Plan concerning catch-up
contributions (within the meaning of Section 4.3(d)) and Section 414(v) of the Code, the Annual Addition that may be contributed or allocated to a Participant’s Accounts under the Plan for any Limitation Year shall not exceed the
lesser of: (i) $40,000, as adjusted for increases in the cost-of-living under Section 415(d) of the Code; or (ii) 100 percent of the Participant’s Compensation within the meaning of Section 415(c)(3) of the Code, for the
Limitation Year (provided, that the Compensation limit referred to in this subsection (ii) shall not apply to any contribution for medical benefits after separation from service (within the meaning of Section 401(h) or 419A(f)(2) of
the Code) which is otherwise treated as an Annual Addition.) 
 In the event that the amounts otherwise allocable hereunder
to the Accounts of any Participant for any Plan Year would be in excess of the limitations provided in this Section 4.7(a), such excess shall be disposed of in the following order: 

 

	 	(i)	First, any voluntary Employee Profit Sharing Contributions to the Plan, to the extent that their return would reduce such excess, shall be forthwith returned to the Participant. 

 

	 	(ii)	Second, to the extent such excess is attributable to Employer Contributions under the Plan for the Plan Year, such excess shall be reallocated among other eligible Participants in accordance with Section 5.2.

  

	 	(iii)	Third, to the extent such excess is attributable to Forfeitures under the Plan, such excess shall be reallocated among other eligible Participants in accordance with Section 5.6. 

 

	 	(iv)	Fourth, such excess shall otherwise be held in a suspense account and used to reduce the Employer Contribution or Employer Money Purchase Contribution for the following Plan Year and each succeeding Plan Year if
necessary; provided, however, that no such suspense account shall participate in the allocation of the investment earnings, gains or losses under the Plan. 

 

	 	(b)	Annual Addition. “Annual Addition” means all amounts contributed to the Plan by the Company or by a Participant except, 

 

	 	(i)	Rollover contributions (as described in Sections 401(a)(31), 402(c)(1), 403(a)(4), 403(b)(8), 408)(d)(3), and 457(e)(16) of the Code); 

 

	 	(ii)	Repayments of loans made to a Participant from the Plan; 

  

	 	(iii)	Repayments of amounts described in Section 411(a)(7)(B) of the Code (in accordance with Section 411(a)(7)(C)) and 411(a)(3)(D) of the Code); 

  
 -20- 

	 	(iv)	Employee contributions to a cost of living arrangement within the meaning of Section 415(k)(2)(B) of the Code; and 

  

	 	(v)	Restorative payments made to the plan as a result of a breach of fiduciary duty that creates a reasonable risk of liability to the Plan as described in Treas. Reg. 1.415(c)-1(b)(2)(C). 

 

	 	(c)	Nondiscrimination Provisions Under Code Section 401(k)(3). 

  

	 	(i)	Notwithstanding any other provision of the Plan, the Plan shall at all times meet the applicable requirements of Section 401(k)(3) of the Code and Treasury Regulations thereunder, which are incorporated herein by
reference. 

 Without limiting the foregoing, each cash-or-deferred arrangement within the meaning of Section 401(k)(2)
of the Code maintained under the Plan shall satisfy the actual deferral percentage test of Section 401(k)(3) of the Code and Treasury Regulation Section 1.401(k)-2, as described in Treasury Regulation Section 1.401(k)-1(b)(1)(ii)(A),
and the provisions of said Section 401(k)(3) of the Code and Treasury Regulation Section 1.401(k)-2 are incorporated herein by reference in accordance with Treasury Regulation Section 1.401(k)-1(e)(7). For the purpose of such test,
the current year testing method, within the meaning of Treasury Regulation Section 1.401(k)-2(a)(2)(ii), shall be used for Plan Years commencing on or after January 1, 2006. 

 

	 	(ii)	Correction of Excess Contributions. If the Elective Contributions made on behalf of Plan Participants, when added to that portion of the Employer Contribution which may be distributed in cash under
Section 4.6, would cause the Plan to fail the nondiscrimination tests under Section 401(k)(3) of the Code, then any excess contributions and any allocable income or loss shall be distributed to the affected Participants no later than 12
months after the close of the Plan Year in which the excess contribution was made. 

 Distributions pursuant to this
Section 4.7(c)(ii) shall be made in accordance with the requirements of Treasury Regulation Section 1.401(k)-2(b)(2), which are incorporated herein by reference. Without limiting the foregoing, income allocable to excess contributions for
the Plan Year with respect to which such contributions were made and for the gap period, i.e., the period after the close of such Plan Year and prior to the distribution, shall be determined in accordance with Treasury Regulation
Section 1.401(k)-2(b)(2)(iv). Except as otherwise provided in Treasury Regulation Sections 1.401(k)-2(b)(2)(v) and 1.401(k)-2(b)(4)(i), a distribution of excess contributions shall be in addition to any other distributions made during the year
and shall be designated as a corrective distribution by the Company. In the event of a complete termination of 

  
 -21- 

 
the Plan during the Plan Year in which an excess contribution arose, the corrective distribution shall be made as soon as administratively feasible after the date of termination of the Plan, but
in no event later than 12 months after the date of termination. If the entire account balance of a Highly Compensated Employee is distributed prior to when the Plan makes a distribution of excess contributions, the distribution shall be deemed to
have been a corrective distribution of excess contributions (and income) to the extent that a corrective distribution would otherwise have been required, subject to Treasury Regulation Section 1.401(k)-2(b)(2). 

Any excess contributions to be distributed shall be reduced by excess deferrals previously distributed under Section 4.7(e). For purposes
of this subsection (c), the amount of excess contributions for a Plan Year for a Participant who is a Highly Compensated Employee is the amount (if any) by which such Participant’s Elective Contributions must be reduced for the
Participant’s actual deferral ratio to equal the highest permitted actual deferral ratio under the Plan, as determined in accordance with applicable Treasury regulations, including Treasury Regulation 1.401(k)-1(f)(2). 

Effective April 1, 1997, if a distribution becomes necessary, it will be first applied to the Participant who is the
Highly Compensated Employee having the highest actual deferral amount, determined under Section 401(k)(3) of the Code and applicable regulations, until the requirements of Section 401(k)(3) are met or until such Participant’s actual
deferral amount is reduced to the same amount as that of the Participant who is the Highly Compensated Employee having the next highest actual deferral amount. If further limitations are required, the process shall be repeated until the requirements
of Section 401(k)(3) are met. 
 The Administrator shall maintain such records as are necessary to demonstrate
compliance with the requirements of Section 401(k)(3) of the Code. 
  

	 	(d)	Nondiscrimination Provisions Under Code Section 401(m)(2). 

  

	 	(i)	Notwithstanding any other provision of the Plan, the Plan shall at all times meet the applicable requirements under Section 401(m)(2) of the Code and Treasury Regulations thereunder, which are incorporated herein
by reference. 

 Without limiting the foregoing, the amount of matching contributions and employee contributions, within the
meaning of Treasury Regulation Sections 1.401(m)-1(a)(2) and 1.401(m)-1(a)(3), respectively, to the Plan for a Plan Year shall satisfy the requirements of the nondiscrimination test of Section 401(m) of the Code under Treasury Regulation
Section 1.401(m)-1(b)(1)(A), and the provisions of said Section 401(m) of the 

  
 -22- 

 
Code and Treasury Regulation Section 1.401(m)-1(b) are incorporated herein by reference in accordance with Treasury Regulation Section 1.401(m)-1(c)(2). For the purpose of such test,
the current year testing method, within the meaning of Treasury Regulation Section 1.401(m)-2(a)(2)(ii), shall be used for Plan Years commencing on or after January 1, 2004. 

 

	 	(ii)	Correction of Excess Aggregate Contributions. If the Employee Profit Sharing Contributions made on behalf of Plan Participants would cause the Plan to fail the nondiscrimination tests under Section 401(m)(2)
of the Code, then any excess aggregate contributions and any allocable income shall be returned to the affected Participants no later than 12 months after the close of the Plan Year in which the excess aggregate contribution was made.

 Distributions pursuant to this Section 4.7(d)(ii) shall be made in accordance with the requirements of Treasury
Regulation Section 1.401(m)-2(b)(2), which are incorporated herein by reference. Without limiting the foregoing, income allocable to excess aggregate contributions for the Plan Year with respect to which such contributions were made and for the
gap period, i.e., the period after the close of such Plan Year and prior to the distribution, shall be determined in accordance with Treasury Regulation Section 1.401(m)-2(b)(2)(iv). Except as otherwise provided in Treasury Regulation
Section 1.401(m)-2(b)(2)(v), a distribution of excess aggregate contributions shall be in addition to any other distributions made during the year and shall be designated as a corrective distribution by the Company. In the event of a complete
termination of the Plan during the Plan Year in which an excess aggregate contribution arose, the corrective distribution shall be made as soon as administratively feasible after the date of termination of the Plan, but in no event later than 12
months after the date of termination. If the entire account balance of a Highly Compensated Employee is distributed prior to when the Plan makes a distribution of excess aggregate contributions, the distribution shall be deemed to have been a
corrective distribution of excess aggregate contributions (and income) to the extent that a corrective distribution would otherwise have been required, subject to Treasury Regulation Section 1.401(m)-2(b)(2). 

For purposes of this subsection (d), the amount of excess aggregate contributions for a Participant who is a Highly Compensated Employee for a
Plan Year is the amount (if any) by which the Participant’s Elective Contributions must be reduced for the Participant’s actual contribution ratio to equal the highest permitted actual contribution ratio under the Plan, as determined in
accordance with applicable Treasury regulations, including Treasury Regulation 1.401(m)-1(e)(2). Except as otherwise provided in such regulations, to calculate the highest permitted actual 

  
 -23- 

 
contribution ratio under the Plan, the actual contribution ratio of the Highly Compensated Employee with the highest actual contribution ratio is reduced by the amount required to cause the
employee’s actual contribution ratio to equal the ratio of the Highly Compensated Employee with the next highest actual contribution ratio. If a lesser reduction would enable the arrangement to satisfy the actual contribution percentage test
imposed under Section 401(m) of the Code, only this lesser reduction shall be made. This process shall be repeated until the Plan satisfies the actual contribution percentage test. The highest actual contribution ratio remaining under the Plan
after leveling is the highest permitted actual contribution ratio. 
 Effective April 1, 1997, if a distribution become necessary, it
will be first applied to the Participant who is the Highly Compensated Employee with the highest actual contribution amount, determined under Section 401(m)(2) of the Code and applicable regulations, until the requirements of
Section 401(m)(2) of the Code are met or until such Participant’s actual contribution amount is reduced to the same percentage level as that of the Participant who is the Highly Compensated Employee having the next highest actual
contribution amount. If further limitations are required, this process shall be repeated until the requirements of Section 401(m)(2) of the Code are met. A Participant’s excess aggregate contributions will be designated by the Company as a
distribution of excess aggregate contributions. 
 The Administrator shall maintain such records as are necessary to demonstrate compliance
with the requirements of Section 401(m)(2) of the Code. 
  

	 	(iii)	The multiple use test described in Treasury Regulation Section 1.401(m)-2 shall not apply for Plan Years beginning after December 31, 2001. 

 

	 	(e)	Limitation of Code Section 402(g). 

  

	 	(i)	Elective Contributions made on behalf of a Participant, when added to that portion of the Employer Contribution which may be distributed in cash under Section 4.6 and to the Participant’s elective deferrals
(within the meaning of Section 402(g)(3) of the Code) under all plans, contracts or arrangements maintained by the Company or an Affiliated Company shall not exceed the limitation of Section 402(g) of the Code (as from time to time
adjusted by the Secretary of the Treasury), except to the extent permitted under Section 4.3(d) and Section 414(v) of the Code. 

  

	 	(ii)	 Correction of Excess Deferrals. Notwithstanding any other provision of the Plan, if prior to March 1 following the close of a
Participant’s taxable year, the Participant notifies the Plan that he requests a return of that portion of his prior Plan Year’s Elective Contributions which exceeds the 

  
 -24- 

	 	
limit of Section 402(g) of the Code (and any income allocable to such amount) the Plan may (but is not required to) return such excess amount with income allocable thereto not later than the
April 15 following the end of the Participant’s taxable year. The Participant’s request will be limited solely to Elective Contributions deemed made in the immediately prior taxable year. No distribution of an excess deferral shall be
made during the taxable year of a Participant in which the excess deferral was made unless the correcting distribution is made after the date on which the Plan received the excess deferral and both the Participant and the Plan designate the
distribution as a distribution of an excess deferral. The Administrator shall establish such rules as it deems necessary to carry out the effect of this provision. 

4.8 Limit on Contributions of Company. The sum of the contributions by the Company shall in no event be greater than the amount which
is deductible under Section 404 of the Code. All Company contributions are hereby conditioned on their deductibility under Section 404 of the Code. 

4.9 Limited Return of Contributions. Notwithstanding any other provision of the Plan, any contribution which was made by the Company
under a mistake of fact or which was conditioned on the deductibility of the contribution under Section 404 of the Code, but the deduction of which is disallowed or treated as disallowed, shall upon request of the Company be returned to it
within one year following the payment of such contribution or the disallowance of such deduction (to the extent disallowed), whichever is applicable. 

4.10 Certain Transfers. Amounts representing the balance to the credit of each participant in the MacDermid Imaging Plan who becomes a
Participant as of January 1, 1999 shall be transferred to the Plan and each such amount shall be held in one or more separate individual accounts created by the Plan Administrator in accordance with Article V of the Plan for the benefit of the
affected Participant. Amounts representing the balance to the credit of each participant in the Gumm Plan who becomes a Participant as of October 1, 1999 shall be transferred to the Plan and each such amount shall be held in one or more
separate individual accounts created by the Plan and Administrator in accordance with Article V of the Plan for the benefit of the affected Participant. Amounts representing the balance to the credit of each participant in the W. Canning Plan
who becomes a Participant as of January 1, 2000 shall be transferred to the Plan and each such amount shall be held in one or more separate individual accounts created by the Plan and Administrator in accordance with Article V of the Plan for
the benefit of the affected Participant. Amounts representing the balance to the credit of each participant in the PTI Plan who becomes a Participant as of February 1, 2000 shall be transferred to the Plan and each such amount shall be held in
one or more separate individual accounts created by the Plan and Administrator in accordance with Article V of the Plan for the benefit of the affected Participant. Amounts representing the balance to the credit of each participant in the MEI 401(k)
Plan, the MEI MP Plan and/or the PTI MP Plan who becomes a Participant as of January 1, 2003, shall be transferred to the Plan and each such amount shall be held in one or more separate individual accounts credited by the Plan and Administrator
in accordance with Article V of the Plan for the benefit of the affected Participant. Amounts representing the 

  
 -25- 

 
balance to the credit of each participant in the Autotype 401(k) Plan who becomes a Participant as of January 1, 2006, shall be transferred to the Plan and each such amount shall be held in
one or more separate individual accounts credited by the Plan and Administrator in accordance with Article V of the Plan for the benefit of the affected Participant. Optional forms of benefit, if any, with respect to such amounts shall continue to
be available under the Plan to the extent required by Section 411(d)(6) of the Code. 

  
 -26- 

 ARTICLE V 

Allocations to Participants’ Accounts 

5.1 Individual Accounts. The Administrator shall create and maintain, or cause to be created and maintained, adequate records to
disclose the interest in the Trust Fund of each Participant, former Participant and beneficiary. Such records shall be in the form of individual accounts and shall reflect the amount invested in each of the separate investment funds available from
time to time under the Plan, or in New MacDermid Stock under the Employer Special Share Account, and credits and charges shall be made to such accounts in the manner herein described. A Participant shall have up to five separate accounts, an
Employer Contribution Account, an Employer Money Purchase Contribution Account, an Employee Profit Sharing Contribution Account, an Elective Contribution Account, and an Employer Special Share Account, and such other accounts as the
Administrator may deem appropriate. The maintenance of individual accounts is for accounting purposes, and a segregation of the assets of the Trust Fund shall not be required. 

5.2 Computation and Allocation of Employer Contributions. As of December 31 of each year, there shall be allocated to the Employer
Contribution Account of each person who was a Participant on the last day of the Plan Year, including a Participant who terminated employment on such date, or who ceased employment for reasons of retirement, disability or death during the Plan Year
an undivided proportionate interest in the Employer Contribution, if any, made by the Company for such Plan Year. The amount allocated to each such Participant shall be an amount which bears the same ratio to the total Employer Contribution as the
Participant’s Compensation for such Year bears to the total Compensation for all such Participants for such Year. 
 5.3 Allocation
of Employee Profit Sharing. Each Participant’s Employee Profit Sharing Contributions, if any, made pursuant to Section 4.2 shall be allocated to such Participant’s Employee Profit Sharing Contribution Account for each biweekly or
monthly payroll date. 
 5.4 Allocation of Elective Contributions. A Participant’s Elective Contributions, if any, made pursuant
to Section 4.3(a) shall be allocated to his Elective Contribution Account for each biweekly or monthly payroll date. 
 5.5
Allocation of Income and Dividends. 
  

	 	(a)	With respect to amounts invested in the separate investment funds available under the Plan, the Income of each separate investment fund of the Trust Fund during each Plan Year shall be allocated as received among the
Participants (including, for purposes of this Section 5.5, a former Participant) in each separate investment fund. 

There shall be allocated to each Participant an undivided proportionate interest in such Income, the amount of which shall bear the same ratio
to the total of such Income as the ratio which the market value of such Participant’s interest in the separate investment fund bears to the aggregate market value of all Participants’ interests in such separate investment fund. 

  
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	 	(b)	All other Income of the Trust Fund during each calendar quarter shall be allocated as received among the Participant Accounts to which investments with respect to such Income are allocated as of the close of such
quarter, excluding for this purpose any New MacDermid Stock allocated to such Accounts. 

 5.6 Forfeitures. If upon
termination of employment a Participant’s vested interest in his Employer Contribution Account, Employer Money Purchase Contribution Account or Employer Special Share Account is less than 100 percent, then as of the Valuation Date next
following or coinciding with his termination such Account shall be made to reflect two separate portions, one representing his vested percentage and the other his forfeiture percentage. The forfeiture percentage, if any, of each separate investment
fund (other than the Employer Special Share Account) shall be held in such fund or partially or totally transferred from time to time to any other separate investment fund as the Investment Committee shall in its sole discretion determine until it
is applied in accordance with the provisions of this Section 5.6. As of the last day of the Plan Year in which the terminated Participant incurs a One-Year Break in Service, or, if earlier, on the last
day of the Plan Year in which distribution to such Participant of his benefits is made as provided in Section 6.8, the terminated Participant’s previous Employer Contribution Account, Employer Money Purchase Contribution Account or
Employer Special Share Account, as the case may be, shall be closed and his forfeiture percentage shall be applied to reduce the Employer Contribution or Employer Money Purchase Contribution for the next Plan Year; provided, that if the
benefit of any Participant is to be restored in accordance with Section 6.11, Forfeitures for the current Plan Year shall first be applied for such purpose. If the terminated Participant returns to the employ of the Company or an Affiliated
Company before he has incurred five consecutive One-Year Breaks in Service, then, subject to Sections 6.9 and 6.11, the amount of the forfeiture percentage maintained in his previous Employer Contribution
Account and Employer Money Purchase Contribution Account in each of the separate investment funds shall upon reparticipation be credited to such funds in his new Employer Contribution Account and Employer Money Purchase Contribution Account, and the
amount of the forfeiture percentage in his previous Employer Special Share Account shall be credited to his new Employer Contribution Account, together with the amount of a distribution repaid by the Participant, if any, pursuant to
Section 6.11. 
 5.7 Account Value. The value of the interest of any Participant in the Trust Fund at any time prior to his
retirement date or termination date shall be the market value, as determined by the Trustee, of his interest at the next preceding Valuation Date, plus Employee Profit Sharing Contributions, Elective Contributions and rollover or transferred
amounts, if any, and less withdrawals or other distributions, if any, made subsequent thereto, and on and after the date of his retirement, disability, death or other termination of employment shall be the value of his Employee Profit Sharing
Contribution Account, Elective Contribution Account, and any rollover or transfer account, and the vested portion of his Employer Contribution Account, Employer Money Purchase Contribution Account and Employer Special Share Account as of the
Valuation Date coinciding with the date of distribution. Notwithstanding anything herein to the contrary, the value of any portion of a distribution of any benefit of a Participant that is invested in New MacDermid Stock shall be determined as of
the date of distribution. 

  
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 5.8 Investment Options Under Plan. Subject to the limitations hereinafter set forth and to
such further rules as may be prescribed by the Administrator, including any rules as to the minimum amount of any Employer Contributions, Employee Profit Sharing Contributions or Elective Contributions which may be so invested, a Participant
may give instructions or changes of instructions to the Administrator to invest (a) Employer Contributions allocated to his Employer Contribution Account in an amount equal to not more than five percent of his Compensation,
(b) Employee Profit Sharing Contributions and Elective Contributions made to the Plan on his behalf, and (c) amounts rolled over or transferred to the Plan in one or more of the following separate investment funds within the Trust Fund as
the Participant shall designate. An election pursuant to this Section 5.8 shall become effective, and shall be reflected, as soon as is administratively feasible. An election, once made, may be changed by a Participant not more often than twice
in any Plan Year, unless the Administrator permits such changes to be made more frequently. An election filed pursuant to this Section 5.8 shall remain in effect until changed by the Participant by the filing of a subsequent election in
accordance with the foregoing provisions of this Section 5.8. 
 The separate investment funds maintained within the Trust Fund shall
consist of such investment funds as are specified on Schedule A attached hereto and made a part hereof. Notwithstanding anything herein to the contrary, the Investment Committee may from time to time in its sole discretion change such other
separate investment funds by amending such Schedule A. New MacDermid Stock may not be acquired under the Plan after the Effective Date, as an investment or otherwise. 

In the event that a Participant fails to provide investment instructions to the Administrator in accordance with this Section 5.8,
amounts held in his Accounts under the Plan shall be invested in the money market fund identified on Schedule A. 
 5.9 Transfers Among
Investment Funds. Subject to the limitations hereinafter set forth and to such further rules as may be prescribed by the Administrator, including any rules as to the minimum amount of transfers, a Participant (including, for purposes of this
Section 5.9, a former Participant) may give instructions or changes of instructions to the Administrator to transfer all or any portion of the amounts then held in his Employer Contribution Account, Employer Money Purchase Contribution Account,
Employee Profit Sharing Contribution Account or Elective Contribution Account and any rollover or transfer account from one separate investment fund to another separate investment fund. Such instructions shall become effective, and shall be
reflected, as soon as is administratively feasible. An election, once made, may be changed by a Participant not more often than twice in any Plan Year, unless the Administrator permits such changes to be made more frequently. 

5.10 Interest of Participants in Trust Fund. Nothing contained herein shall be deemed to give any Participant an interest in any
specific assets of the Trust Fund or in any contribution made by the Company to the Plan, or any other interest under the Plan, other than his right to receive benefits in accordance with the provisions of Articles VI and VII. 

  
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 5.11 Special Diversification Requirements. Effective January 1, 2007, this
Section 5.11 shall apply to the extent that the Plan constitutes an applicable defined contribution plan within the meaning of Section 401(a)(35)(E) of the Code. 
  

	 	(a)	For purposes of this Section 5.15, the term “applicable individual” means any Participant and any beneficiary who has an account under the Plan with respect to which the beneficiary is entitled to
exercise the rights of a Participant. 

  

	 	(b)	Notwithstanding any other provision of the Plan, in the case of the portion of an applicable individual’s account balances attributable to employee contributions and elective deferrals which is invested in employer
securities, the applicable individual may elect to direct the Plan to divest any such securities and to reinvest an equivalent amount in other investment options meeting the requirements of subsection (c) of this Section 5.11;
notwithstanding the foregoing, the interest in a Participant’s Employer Special Share Account may not be reinvested at the election of the Participant. In the case of the portion of an applicable individual’s account balances attributable
to employer contributions (other than elective deferrals) which is invested in employer securities, the applicable individual may, if he or she is a Participant who has completed at least three years of Credited Service, or is a beneficiary of
either a Participant who has completed at least three years of Credited Service or a deceased Participant, elect to direct the Plan to divest any such securities and to reinvest an equivalent amount in other investment options meeting the
requirements of subsection (c) of this Section 5.11; notwithstanding the foregoing, the interest in a Participant’s Employer Special Share Account may not be reinvested at the election of the Participant. 

 

	 	(c)	The requirements of this subsection (c) are met if the Plan offers not less than three investment options, other than employer securities, to which an applicable individual may direct the proceeds from the
divestment of employer securities pursuant to this Section 5.11, each of which is diversified and has materially different risk and return characteristics. To the extent permitted under Section 401(a)(35)(B) of the Code and applicable
guidance issued thereunder, the Administrator may limit the time for divestment and reinvestment to periodic, reasonable opportunities occurring no less frequently than quarterly and may impose restrictions or conditions with respect to the
investment of employer securities (in addition to any restrictions or conditions imposed by reason of the application of securities law). 

  

	 	(d)	 In the case of the portion of an account to which this Section 5.11 applies and which consists of employer securities acquired in a Plan Year
beginning before January 1, 2007, this Section 5.11 shall only apply to the applicable percentage (as hereinafter defined) of such securities, and shall be applied separately with respect to each class of securities. For purposes of the
preceding sentence, the applicable percentage shall be, with respect to the Plan Year beginning January 1, 2007, thirty-three (33%) percent; with respect to the Plan Year beginning January 1, 2008, sixty-six (66%) percent; and
with respect to Plan Years beginning on or after January 1, 2009, one-hundred (100%) percent. Notwithstanding the 

  
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foregoing, this subsection (d) shall not apply to a Participant who has attained age 55 and completed at least three years of Credited Service before the Plan Year beginning on
January 1, 2006. 

  
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 ARTICLE VI 

Benefits 
 6.1
Retirement. An Employee may retire on or after the attainment of his Early Retirement Age or Normal Retirement Age. In the event of a Participant’s retirement, he shall be entitled to a benefit in the amount of the value of his interest in
the Trust Fund, determined in accordance with Section 5.7. A Participant shall be fully vested in amounts held in his Employer Contribution Account, Employer Money Purchase Contribution Account and Employer Special Share Account as of the date
on which he attains Early Retirement Age. 
 6.2 Disability. If, because of a medically determinable physical or mental impairment
likely to result in death or to be of continued duration of at least one year, a Participant cannot engage in any substantial gainful employment and terminates employment with the Company and the Affiliated Companies, he will be entitled to a
benefit in the amount of the value of his interest in the Trust Fund, determined in accordance with Section 5.7. In the event of such a disability, the Participant shall be fully vested in amounts held in his Employer Contribution Account,
Employer Money Purchase Contribution Account and Employer Special Share Account. Whether or not a Participant is disabled will be determined by the Administrator in its sole discretion on the basis of medical evidence satisfactory to the
Administrator. 
 6.3 Benefits on Death. In the event of the death of a Participant or former Participant, his designated beneficiary
or beneficiaries will have a fully vested and nonforfeitable interest in, and will be entitled to receive a benefit equal to, the amount or remaining amount of his interest in the Trust Fund, as determined in accordance with Section 5.7. 

Each Participant may at any time and from time to time designate, in the manner described in this Section, one or more persons to be the
beneficiary or beneficiaries to receive all benefits payable under the Plan upon or after his death. Each beneficiary designation shall be on a form furnished by the Administrator, signed by such Participant and delivered to the Administrator and
upon receipt by the Administrator shall be deemed to be a revocation of all prior beneficiary designations, if any, made by the Participant. At any time and from time to time each Participant may revoke a prior beneficiary designation made by him by
a written instrument signed by the Participant and delivered to the Administrator. No beneficiary designation or revocation of a designation shall become effective prior to its receipt by the Administrator. Notwithstanding the foregoing, if a
Participant was married at the time of his death, he shall be deemed to have named his surviving spouse as his beneficiary unless (a) such spouse has consented in writing to the designation of another beneficiary or beneficiaries and that
consent acknowledges the effect of such designation and the specific beneficiary or beneficiaries or, with respect to subsequent designations, the consent of the spouse explicitly permits such designations without any requirement of further consent
by such spouse, and the consent is witnessed by a notary public, or (b) it has been established to the satisfaction of the Administrator (or a Plan representative designated by him) that the Participant has no spouse, or that the spouse’s
consent could not be obtained because the spouse could not be located, or because of such other circumstances as may be prescribed in applicable Treasury Regulations. Any consent by a spouse or determination by the Administrator with respect to a
spouse shall be effective only with respect to such spouse. Any consent that permits beneficiary designations by 

  
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the Participant without any requirement of further consent must acknowledge the spouse’s right to limit consent to a specific beneficiary and the spouse’s voluntary election to
relinquish such right. Any consent by a spouse under this Section shall be irrevocable. 
 If a Participant has not designated any
beneficiary, or no designated beneficiary survives the Participant, the benefit payable upon his death will be paid to his estate. 
 6.4
Vesting. If a Participant terminates employment for any reason other than retirement, disability or death, the Participant shall be entitled to a benefit equal to the full amount of his Employee Profit Sharing Contribution Account, Elective
Contribution Account, and any rollover or transfer account, plus, in the case of a Participant who has completed five years of Credited Service, the full amount of his Employer Contribution Account, Employer Money Purchase Contribution Account and
Employer Special Share Account, determined in accordance with Section 5.7, together with any allocable share of the Employer Contribution for the Plan Year of his termination of employment as provided in Section 5.2. Notwithstanding the
foregoing, effective with respect to employer contributions (other than elective deferrals) made for Plan Years beginning on or after January 1, 2007, the reference in the preceding sentence to ‘five years of Credited Service’ shall
be replaced with ‘three years of Credited Service.’ Subject to Section 8.2, a Participant who has completed less than five years of Credited Service will not be vested in any portion of his Employer Contribution Account, Employer
Money Purchase Contribution Account or Employer Special Share Account and his interest in each such Account shall be subject to forfeiture in accordance with the provisions of Section 5.7. Notwithstanding the foregoing, effective with respect
to employer contributions (other than elective deferrals) made for Plan Years beginning on or after January 1, 2007, the reference in the preceding sentence to ‘five years of Credited Service’ shall be replaced with ‘three years
of Credited Service.’ Notwithstanding the foregoing, with respect to a Participant who was actively employed by PTI as of December 29, 1999 in no event shall the interest of such Participant in his Employer Contribution Account, Employer
Money Purchase Contribution Account and Employer Special Share Account be subject to forfeiture based on the fact that such Participant has completed less than five years of Credited Service. Notwithstanding the foregoing, with respect to a
Participant who was actively employed by Autotype and participating in the Autotype 401(k) Plan as of December 31, 2005, in no event shall the interest of such Participant in his account balance under the Autotype 401(k) Plan as of
December 31, 2005 be subject to forfeiture based on the fact that such Participant has completed less than five years of Credited Service (or, if greater, the length of service required under the Autotype 401(k) Plan for full vesting). 

6.5 Changes in Vesting Schedule. If the Plan is amended at any time and such amendment directly or indirectly affects the computation
of the nonforfeitable interest of a Participant in his Employer Contribution Account, such amendment shall apply to any Participant who has completed three years of Credited Service as of the end of the period described below only to the extent that
the Participant’s nonforfeitable interest in each such Account is equal to or greater than such interest determined without regard to the amendment. If the Plan is amended at any time and such amendment directly or indirectly affects the
computation of the nonforfeitable interest of a Participant in his Employer Money Purchase Contribution Account, such amendment shall apply to any Participant who has completed five 

  
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years of Credited Service as of the end of the period described below only to the extent that the Participant’s nonforfeitable interest in each such Account is equal to or greater than such
interest determined without regard to the amendment. The period referred to in the preceding two sentences will begin on the date the amendment of the vesting schedule is adopted and will end on the date which is 60 days after the later of
(a) the date on which the amendment is adopted and (b) the date on which the amendment becomes effective. 
 6.6 Manner of
Payment of Benefits. Subject to such rules as the Administrator shall prescribe, a Participant or former Participant may elect to receive his benefits hereunder in any of the following forms: 

 

	 	(a)	in a lump sum in cash or in kind (payable currently or on a deferred basis); 

  

	 	(b)	in equal periodic installments payable not less frequently than annually over a fixed period not exceeding 15 years (or, if less, the life expectancy of the Participant or the joint life and last survivor expectancy of
the Participant and his beneficiary); 

  

	 	(c)	in any combination of the methods provided in (a) and (b); 

 provided, that in the event of the
death of the Participant or former Participant after benefits have commenced, any remaining benefits will be paid to his beneficiary in an immediate lump sum. In the event of the death of a Participant or former Participant prior to the commencement
of benefits, his beneficiary may elect the form of benefit payments in accordance with this Section 6.6. 
 In the case of
distributions to be made in installments, the amount of an installment for a particular calendar year shall be determined by dividing (i) the value of the Participant’s Accounts as of the Valuation Date immediately preceding the beginning
of such year (adjusted for any allocations of contributions and any distributions which are made after the Valuation Date but before such year) by (ii) (A) the number of remaining installments under the period elected by the Participant
(or, if applicable, beneficiary) as of the beginning of such year, or (B) if elected by the Participant (or, if applicable, beneficiary) the number of years in the applicable remaining life expectancy for such year determined pursuant to
Treasury Regulation Section 1.401(a)(9)-1, or (if the Participant’s beneficiary is not his spouse) the applicable divisor for such year determined under
Section 1.401(a)(9)-2 of the Treasury Regulations. For purposes of determining the amount of any installment distribution, the life expectancies of a Participant and his spouse will be recalculated
annually, if elected by the Participant, but only to the extent required pursuant to Section 401(a)(9) of the Code. 
 An election
pursuant to this Section must be made prior to the commencement of benefits and shall become irrevocable upon the commencement of such benefits. In the absence of any election by the Participant, former Participant or beneficiary his benefits
hereunder shall be payable in an immediate lump sum. 
 In the case of distributions from a Participant’s Employer Special Share
Account, the Participant will receive a distribution of stock that may be sold to the Company in exchange for a lump sum cash payment or, at the election of the Company, an interest bearing promissory note providing for a payment schedule not in
excess of five years or a combination of cash and a note. 

  
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 6.7 Election to Take Benefits in Stock. All benefits payable from an Employer Special
Share Account the shall be paid in cash or shares of New MacDermid Stock, as elected by the Participant or former Participant; provided, that he submits a written notice of such election to the Administrator at least 30 days prior to the date his
benefit is to commence (or such shorter period as may be provided by rules or regulations issued by the Secretary of the Treasury). Notwithstanding the foregoing, fractional shares of New MacDermid Stock shall be paid in cash. In the event a
Participant or former Participant fails to make an election under this Section, his benefit will be distributed in cash. 
 All benefit
payments, as well as any subsequent transfer of New MacDermid Stock paid out from the Plan shall be effected in accordance with all applicable requirements of federal and other securities laws as from time to time in effect. In order to assure
compliance with such securities laws and for other purposes deemed necessary and proper, the Trustee or the Company may in its discretion require as conditions to the payment of benefits under the Plan either (a) that a registration statement
under the Securities Act of 1933, as amended, with respect to the shares of new MacDermid Stock to be distributed has become, and continues to be, effective and that a requisite prospectus is available which meets, and conforms to, the requirements
of such Act and the rules and regulations thereunder, or (b) that the recipient of the benefit payment shall have (i) represented, warranted and agreed, by documents satisfactory to the Company or the Trustee in form and substance,
executed and delivered at and as of the time of payment, that he is acquiring such shares for his own account and not with a view to or in connection with any distribution, (ii) agreed to restrictions on transfer, in form and substance
satisfactory to the Company or the Trustee, and (iii) agreed to an endorsement which makes appropriate reference to such representations, warranties, agreements and restrictions on the certificates representing such shares. 

6.8 Time of Payment of Benefits. Distribution of benefits, or the commencement thereof, shall be made as soon as administratively
feasible after the event giving rise to the distribution and, in any event, within 60 days after the close of the Plan Year in which such event occurs. Notwithstanding the foregoing, such Participant or former Participant may elect, subject to such
rules as the Administrator may prescribe, to have his benefits commence as of such later date after his termination of employment and before his attainment of Normal Retirement Age as the Participant shall request. 

6.9 Separate Account. Notwithstanding any other provision of the Plan, if a Participant or former Participant receives a distribution
from his Employer Contribution Account, Employer Money Purchase Contribution Account or Employer Special Share Account at a time when he has a nonforfeitable interest in less than 100 percent of such Account, then upon the distribution a separate
account shall be established for him. Such separate account shall be credited with the balance remaining in the Participant’s Employer Contribution Account, Employer Money Purchase Contribution Account or Employer Special Share Account, as the
case may be, after the distribution and shall be used to determine his nonforfeitable interest, if any, in such balance thereafter. On any particular date, the Participant or former Participant shall

  
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be entitled to a nonforfeitable portion of the balance of his separate account, payable as otherwise herein provided, equal to an amount determined by the following formula: 

X = P (AB + D) - D 

where P is the applicable vesting percentage determined under Section 6.4 (or Section 8.2, if applicable) as of such date, AB is the balance in the
separate account as of such date; and D is the amount which was last distributed from the separate account or from the Participant’s Account when the separate account was established. The establishment of a separate account for a Participant
whose employment with the Company has terminated shall not prevent a Forfeiture of any portion of his Employer Contribution Account, Employer Money Purchase Contribution Account or Employer Special Share Account from occurring and a reallocation
thereof, in accordance with Section 5.6; provided, that if any portion of such separate account is forfeited, the remaining balance, if any, in such separate account will thereafter be fully vested and nonforfeitable. Except as otherwise
provided in this Section 6.9, a separate account shall be treated as though it were the Account from which it was derived for all purposes under the Plan. 

6.10 Cash-Outs of Certain Benefits. Notwithstanding any other provision of the Plan, with
respect to a Participant whose employment terminates for any reason and who is entitled to a nonforfeitable benefit under the Plan, if the present value of such nonforfeitable benefit does not, and did not at the time of any prior distribution,
exceed $3,500, the Participant’s benefit shall be distributed in cash or in kind in a lump sum as soon as administratively feasible after such termination; provided, however, that effective April 1, 1998, if the present value
of such nonforfeitable benefit does not, and did not at the time of any prior distribution, exceed $5,000, the Participant’s benefit shall be distributed in cash or in kind, in a lump sum as soon as administratively feasible after such
termination. If a Participant would have received a distribution under the preceding sentence but for the fact that the Participant’s nonforfeitable benefit exceeds $5,000 when the Participant terminated service and if at a later time such
nonforfeitable benefit is reduced such that it is not greater than $5,000, the Participant will receive a distribution of such nonforfeitable benefit and the nonvested portion of the benefit will be treated as a forfeiture. For purposes of
determining the $5,000 involuntary distribution threshold, the value of a Participant’s nonforfeitable Account balance shall be determined without regard to the portion of the Account balance that is attributable to rollover contributions (and
earnings allocable thereto), if any, within the meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code; and provided further that for distributions on or after August 6, 1997, the value of
the Participant’s nonforfeitable benefit derived from Company contributions shall be determined at the time of the distribution without regard to the value of the benefit at the time of any earlier distribution; provided, however,
that if a Participant has begun to receive distributions pursuant to an optional form of benefit under which at least one scheduled periodic distribution is still payable and if the value of the Participant’s nonforfeitable benefit derived from
Company contributions exceeded $5,000 at the time of the first distribution under the optional form of benefit, then the value of the Participant’s nonforfeitable benefit may be distributed immediately subject to this Section. For purposes of
determining the $5,000 involuntary distribution threshold, the value of a Participant’s nonforfeitable Account balance shall be determined without regard to the portion of the Account balance that is attributable to rollover contributions (and
earnings allocable thereto), if any, 

  
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within the meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code. Effective as of March 28, 2005, in the event of a mandatory distribution greater
than $1,000 in accordance with the provisions of this Section, if the Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover, including elections made in
accordance with Section 6.12, or to receive the distribution directly in accordance with Section 6.6, then the Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Administrator.

 6.11 Restoration of Benefits. If a Participant who terminated employment with the Company and the Affiliated Companies for any
reason other than retirement, disability or death and received a distribution of benefits hereunder returns to the employ of the Company before incurring five consecutive One-Year Breaks in Service and again
becomes a Participant, such Participant may repay to the Plan the full amount of such distribution derived from Employer Contributions, Employer Money Purchase Contributions and Employer Special Share Account. In the event of such repayment the full
present value of the Participant’s benefit derived from such contributions (nonforfeitable and forfeitable, if any) as of the date of such distribution shall be restored to his accounts. 

Any restoration of a Participant’s Employer Contribution Account, Employer Money Purchase Contribution Account or and Employer Special
Share Account shall be made first from then current Forfeitures and second from additional contributions of the Company for such purpose. 

6.12 Direct Rollover. With respect to distributions made on or after January 1, 1993, a Participant may elect to have all or any
portion of a distribution paid in the form of a direct rollover to an individual retirement account or annuity described in Section 408(a) or (b) of the Code, an annuity plan qualified under Section 403(a) of the Code, or a plan and
trust qualified under Section 401(a) of the Code, if such plan accepts direct rollover distributions. With respect to distributions made after December 31, 2001, a Participant may elect to have all or any portion of a distribution that
qualifies as an eligible rollover distribution within the meaning of Section 402(c)(4) of the Code to be paid in the form of a direct rollover to an eligible retirement plan, including a qualified retirement plan, individual retirement account,
an annuity contract described in Section 402(b) of the Code and an eligible plan under Section 457(b) of the Code, which is maintained by a state political subdivision of a state or any agency or instrumentality of a state or political
subdivision of a state. With respect to distributions made after December 31, 2001, a Participant may elect to have all or any portion of a distribution that qualifies as an eligible rollover distribution within the meaning of
Section 402(c)(4) of the Code to be paid in the form of a direct rollover to an eligible retirement plan, including a qualified retirement plan, individual retirement account, an annuity contract described in Section 402(b) of the Code and
an eligible plan under Section 457(b) of the Code, which is maintained by a state political subdivision of a state or any agency or instrumentality of a state or political subdivision of a state. Notwithstanding the foregoing, this Section
shall not apply to any distribution that is (a) one of a series of substantially equal installments over the life expectancy of the Participant or the joint life expectancies of the Participant and his beneficiary, or over a fixed period
of ten years or more, (b) a required minimum distribution under Section 401(a)(9) of the Code, (c) a distribution (or portion of a distribution) of amounts not otherwise includable in income, (d) a 

  
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distribution in an amount less than $200, (e) a hardship distribution described in Section 401(k)(2)(B)(i)(iv) of the Code received after December 31, 1999, or (f) a
distribution that is otherwise not an eligible rollover distribution, within the meaning of Section 402(f)(2)(A) of the Code and applicable Treasury Regulations thereunder. Any election pursuant to this Section 6.12 shall be made in such
form and manner as the Administrator may prescribe and shall specify the retirement plan to which the distribution is to be made. Any such election may be revoked by the Participant at any time prior to the time distribution is made. If no election
is made by the Participant under this Section, the distribution shall be paid to the Participant. If any distribution is payable to the spouse or former spouse of a Participant, this Section shall apply as if such spouse or former spouse were the
Participant, except that any such distribution may be directly rolled over only to an individual retirement account or annuity. 
 The Administrator shall
provide Participants with notice with respect to the direct rollover of eligible rollover distributions no less than 30 days and no more than 90 days prior to the Participant’s annuity starting date, as defined for purposes of
Section 411(a)(11) of the Code; provided, however, that the Participant may affirmatively elect, in accordance with such procedures as the Administrator may prescribe, to have benefits commence sooner than 30 days after such
notice. 
 6.13 Immediate Distributions. Subject to Section 6.10, no distribution to a Participant will be compelled of amounts
held in his Accounts before his attainment of age 62, unless the written consent of the Participant and, if the distribution is subject to Sections 401(a)(11) and 417 of the Code, the Participant’s spouse, has been obtained. Such consent shall
be made in writing within the 180-day period ending on the Participant’s annuity starting date, as defined for purposes of Section 401(a)(11) of the Code. Within the period beginning 180 days before
the Participant’s annuity starting date (as so defined) and ending 30 days before such date, the Administrator will provide the Participant with written notice containing a general description of the material features and an explanation of the
relative values of the optional forms of benefit available under the Plan and informing the Participant of his right to defer receipt of the distribution until age 62; provided, that, if the distribution is not subject to Sections 401(a)(11)
and 417 of the Code, the Participant may affirmatively elect to have benefits commence less than 30 days after such notice. Notwithstanding the preceding sentence, the Plan may provide the written notice referred to in said sentence after the
Participant’s annuity starting date (subject to applicable Treasury regulations, if any); provided, that the applicable election period under Section 417(a)(6) of the Code shall not end before the 30th day after the date on which
such written notice is provided. A Participant may elect (with spousal consent, if applicable) to waive the requirement that the above-referenced written notice be provided at least 30 days before the Participant’s annuity starting date (or to
waive the 30-day requirement under the preceding sentence); provided, that the benefit distribution commences more than 7 days after such written notice is furnished. Notwithstanding the foregoing, all or any portion of a Participant’s
Accounts may be distributed without the consent of the Participant or the Participant’s spouse to the extent that a distribution is required to satisfy Section 401(a)(9) or Section 415 of the Code. 

6.14 Required Distributions. Notwithstanding any other provision of the Plan, distribution of benefits under Article VI shall satisfy
the requirements of this Section 6.14. The benefits of a Participant will be distributed (a) to the Participant in full not later than the required beginning date, or (b) beginning not later than the required

  
 -38- 

 
beginning date, to the Participant over a period not extending beyond the life expectancy of the Participant, or to the Participant and his designated beneficiary over a period not extending
beyond the life expectancy of the Participant and the designated beneficiary. For purposes of this Section 6.14, a Participant’s “required beginning date” shall be the date determined under Section 6.15(b) with respect to
the Participant, and the term “designated beneficiary” shall have the meaning given such term under Section 401(a)(9) of the Code and Treasury Regulations thereunder. 

In the event that distribution of benefits to a Participant has commenced and the Participant dies prior to the distribution of his entire
benefit, but after the required beginning date, the remaining portion of the benefit will be distributed at least as rapidly as under the method of distribution used as of the date of the Participant’s death. In the event a Participant dies
before distribution of benefits has commenced or after actual commencement but before the required beginning date, the remaining benefit will be distributed within five years unless the benefit is payable to a designated beneficiary, in which case
such benefit will be distributed, beginning not later than one year after the death of the Participant (or such other time as may be prescribed by regulations), over a period not exceeding the life expectancy of such beneficiary; provided,
that if the designated beneficiary is the Participant’s spouse, distributions will not be required to commence hereunder earlier than the date on which the Participant would have attained age 70 1/2 and, in the event the Participant’s
spouse dies prior to the commencement of distributions, the provisions of this Section shall apply as if such spouse were the Participant. Any distribution required under the incidental death benefit requirements of Section 401(a)(9)(G) of the
Code will be treated as a distribution required under Section 401(a)(9) of the Code and this Section. The provisions of this Section will be interpreted and applied in accordance with applicable Treasury Regulations under Section 401(a)(9)
of the Code. 
 6.15 Latest Commencement Date of Benefits. In no case will the payment of benefits to any Participant commence later
than the earliest of: 
  

	 	(a)	unless the Participant otherwise elects in writing, the sixtieth day after the latest of the following: 

  

	 	(i)	the close of the Plan Year in which occurs the date on which the Participant attains age 62; 

  

	 	(ii)	the close of the Plan Year in which occurs the tenth anniversary of the year in which the Participant commenced participation in the Plan; or 

 

	 	(iii)	the close of the Plan Year in which the Participant ceases to be an Employee; and 

  

	 	(b)	 except with respect to a Participant who is a 5 percent owner (as defined in Section 416(i)(1)(B)(i) of the Code) of the Company or any
Affiliated Company for the Plan Year ending in the calendar year in which the Participant attains age 70 1/2, the April 1 next following the end of the calendar year in which the Participant retires; provided, that the Participant
may elect an earlier commencement date for benefit distribution, but not earlier than the April 1 next 

  
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following the end of the calendar year in which the Participant attains age 62, by filing a written, irrevocable election with the Administrator in a form acceptable to the Administrator at least
30 days prior the proposed benefit commencement date; provided further, that with respect to any Participant who attained age 70 1/2 before April 1, 1997 (and who was not a 5 percent owner (as defined in Section 416(i)(1)(B)(i) of
the Code) of the Company or any Affiliated Company for any of the Plan Years ending after the Participant attained age 70 1/2) but did not cease covered employment under the Plan (including Continuous Service under the Prior Plan, Prior ESOP and/or
the MacDermid Imaging Plan) before April 1, 1997 and to whom benefit payments from the Plan (including the Prior Plan, the Prior ESOP or the MacDermid Imaging Plan) commenced in accordance with the requirements of Section 401(a)(9) of the
Code, each such Participant may elect, at any time prior to the date the Participant retires, to stop such payments from the Plan (subject to the terms of any applicable qualified domestic relations order within the meaning of Section 414(p) of
the Code) and, if such an election is made, the Participant’s benefit shall be distributed in accordance with the other provisions of this Section and/or such other provisions of the Plan as may be applicable; provided further, that for
the Plan Years commencing before April 1, 1997, the commencement date under this Section 6.15(b) shall be the April 1 next following the close of the calendar year in which the Participant attains age 70 1/2; and

  

	 	(c)	with respect to a Participant who is a 5 percent owner (as defined in Section 416(i)(1)(B)(i) of the Code) of the Company or any Affiliated Company at any time during the Plan Year ending in the calendar year in
which the Participant attains age 70 1/2, the April 1 next following the close of the calendar year in which the Participant attains age 70 1/2. 

6.16 Nonalienation of Benefits. 
  

	 	(a)	No benefit payable to any person under the Plan shall be subject to anticipation or assignment by such person or to attachment by or the interference or control of any creditor, or be taken or reached by any legal or
equitable process in satisfaction of any debt or liability prior to actual receipt; provided, however, that this provision shall be inapplicable to the extent otherwise provided in a qualified domestic relations order within the
meaning of Section 414(p) of the Code. 

  

	 	(b)	effective August 5, 1997, the non-alienation rule of Section (a) above shall not apply to any offset, as defined by the Administrator, of a Participant’s benefit(s) under the Plan against an amount that
the Participant is ordered or required to pay to the Plan if: 

  

	 	(i)	 the order or requirement to pay arises (1) under a judgment of conviction for a crime involving the Plan; (2) under a civil judgment
(including a consent order or decree) entered by a court in an action brought in connection with a violation (or alleged violation) of Part 4 of Subtitle B of Title I of the ERISA; or (3) pursuant to a settlement agreement between

  
 -40- 

	 	
the Secretary of the United States Department of Labor and the Participant, or a settlement agreement between the Pension Benefit Guaranty Corporation and the Participant, in connection with a
violation (or alleged violation) of Part 4 of Subtitle B of Title I of ERISA by a fiduciary (as defined in Section 3(21) of ERISA) or any other person; and 

  

	 	(ii)	the judgment, order, decree, or settlement agreement expressly provides for the offset of all or part of the amount ordered or required to be paid to the Plan against the Participant’s benefit(s) provided under the
Plan; and 

  

	 	(iii)	in a case in which the survivor annuity requirements of Section 205 of ERISA or Section 401(a)(11) of the Code apply with respect to distributions from the Plan to the Participant, if the Employee has a spouse
at the time at which the offset is to be made; 

  

	 	(1)	either: 

  

	 	(A)	such spouse has consented in writing to such offset and such consent is witnessed by a notary public or Plan representative designated by the Administrator (or it is established to the satisfaction of such Plan
representative that such consent may not be obtained by reason of circumstances described in Section 205(c)(2)(5) of ERISA or Section 417(a)(2)(B) of the Code, or 

 

	 	(B)	an election to waive the right of the spouse to a qualified joint and survivor annuity or a qualified preretirement survivor annuity is in effect in accordance with the requirements of Section 205(c) of ERISA or
Section 417(a) of the Code; or 

  

	 	(2)	such spouse is ordered or required in such judgment, order, decree, or settlement to pay an amount to the Plan in connection with a violation of Part 4 of Subtitle B of Title I of ERISA; or 

 

	 	(3)	in such judgment, order, decree, or settlement, such spouse retains the right to receive the survivor annuity under a qualified joint and survivor annuity provided pursuant to Section 205(a)(1) of ERISA or
Section 401(a)(11)(A)(i) of the Code, and under a qualified preretirement survivor annuity provided pursuant to Section 205(a)(2) of ERISA or Section 401(a)(11)(A)(ii) of the Code, determined in accordance with Section 206(d)(5)
of ERISA and Section 401(a)(13)(D) of the Code. 

  
 -41- 

 6.17 Distributions Required by a Qualified Domestic Relations Order. To the extent
required by a qualified domestic relations order, within the meaning of Section 414(p) of the Code, the Administrator shall make distributions of a Participant’s benefit to alternate payees named in such order in a manner consistent with
the distribution options otherwise available under the Plan, regardless of whether the Participant is otherwise entitled to a distribution at such time under the Plan. 

6.18 No Vested Rights. A Participant who terminates employment with the Company and the Affiliated Companies for reasons other than
retirement, disability or death and who has no vested benefit under the Plan shall be deemed to receive a distribution of zero benefits hereunder and shall promptly forfeit all rights to all benefits under the Plan. 

6.19 Incapacity of Payee. Subject to applicable regulations of the Secretary of the Treasury or the Secretary of Labor, if any person
to whom a benefit is payable under the Plan is, in the opinion of the Administrator, incapable for any reason of handling his affairs at the time payment thereof is due, such payment (unless prior demand therefor is made to the
Administrator or the Trustee by a duly qualified guardian or other legally qualified representative of such person) may be made to such person or persons comprised in the class consisting of the spouse, parents, brothers, sisters or issue of the
person to whom the benefit is payable as the Administrator may determine, and each payment made pursuant to such determination shall constitute a full discharge of all liability under the Plan with respect thereto. 

6.20 Special Distribution Rights Regarding MEI MP Plan Benefits. Amounts credited to an Employer Money Purchase Contribution Account
shall be subject to this Section 6.20. 
  

	 	(a)	Qualified Joint and Survivor Annuity. Unless an optional form of benefit is selected pursuant to a qualified election within the 180-day period ending on the annuity starting date, a married Participant’s
vested account balance under an Employer Money Purchase Contribution Account will be paid in the form of a qualified joint and survivor annuity. The Participant may elect to have such annuity distributed upon attainment of the earliest retirement
age under the Plan. 

  

	 	(b)	Single Life Annuity. Unless an optional form of benefit is selected pursuant to a qualified election within the 180-day period ending on the annuity starting date, an unmarried Participant’s vested account
balance under an Employer Money Purchase Contribution Account will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the earliest retirement age under the Plan. 

 

	 	(c)	Qualified Preretirement Survivor Annuity. Unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before the annuity starting date
then the Participant’s vested account balance under an Employer Money Purchase Contribution Account shall be applied toward the purchase of an annuity for the life of the surviving spouse. The surviving spouse may elect to have such annuity
distributed within a reasonable period after the Participant’s death. 

  
 -42- 

	 	(d)	Definitions. For purposes of this Section 6.20, the following definitions shall apply: 

  

	 	(1)	Election Period. The period that begins on the first day of the Plan Year in which the Participant attains age 35 and ends on the date of the Participant’s death. If a Participant separates from service prior to
the first day of the Plan Year in which age 35 is attained, with respect to the account balance as of the date of separation, the election period shall begin on the date of separation. 

 

	 	(2)	Pre-age 35 waiver. A Participant who will not yet attain age 35 as of the end of any current Plan Year may make special qualified election to waive the qualified preretirement survivor annuity for the period beginning
on the date of such election and ending on the first day of the Plan Year in which the Participant will attain age 35. Such election shall not be valid unless the Participant receives a written explanation of the qualified preretirement survivor
annuity in such terms as are comparable to the explanation required under Section 6.20(e)(1). Qualified preretirement survivor annuity coverage will be automatically reinstated as of the first day of the Plan Year in which the Participant
attains age 35. Any new waiver on or after such date shall be subject to the full requirements of this Section 6.20. 

  

	 	(3)	Earliest Retirement Age. The earliest date on which, under the Plan, the Participant could elect to receive retirement benefits. 

  

	 	(4)	Qualified Election. A waiver of a qualified joint and survivor annuity or a qualified preretirement survivor annuity. Any waiver of a qualified joint and survivor annuity or a qualified preretirement survivor annuity
shall not be effective unless: (a) the Participant’s spouse consents in writing to the election; (b) the election designates a specific beneficiary, including any class of beneficiaries or any contingent beneficiaries, which may not
be changed without spousal consent (or the spouse expressly permits designations by the Participant without any further spousal consent); (c) the spouse’s consent acknowledges the effect of the election; and (d) the spouse’s
consent is witnessed by a Plan representative or notary public. Additionally, a Participant’s waiver of the qualified joint and survivor annuity shall not be effective unless the election designates a form of benefit payment which may not be
changed without spousal consent (or the spouse expressly permits designations by the Participant without any further spousal consent). If it is established to the satisfaction of a Plan representative that there is no spouse or that the spouse
cannot be located, a waiver will be deemed a qualified election. 

 Any consent by a spouse obtained under this subsection
(d)(4) (or establishment that the consent of a spouse may not be obtained) shall be effective only with respect to such spouse. A consent that permits 

  
 -43- 

 
designations by the Participant without any requirement of further consent by such spouse must acknowledge that the spouse has the right to limit consent to a specific beneficiary, and a specific
form of benefit where applicable, and that the spouse voluntarily elects to relinquish either or both of such rights. 
 A revocation of a
prior waiver may be made by a Participant without the consent of the spouse at any time before the commencement of benefit. 
 The number of
revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in Section 6.20(e) below. 
  

	 	(5)	Qualified Joint and Survivor Annuity. An immediate annuity for the life of the Participant with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the
annuity which is payable during the joint lives of the Participant and the spouse and which is the amount of benefit which can be purchased with the Participant’s vested account balance. The percentage of the survivor annuity under the Plan
shall be 50%. 

  

	 	(6)	Spouse (surviving spouse). The spouse or surviving spouse of the Participant, provided that a former spouse will be treated as the spouse or surviving spouse and a current spouse will not be treated as the spouse or
surviving spouse to the extent provided under a qualified domestic relations order as described in Section 414(p) of the Code. 

  

	 	(7)	Annuity Starting Date. The first day of the first period for which an amount is paid as an annuity or any other form. 

  

	 	(8)	Vested Account Balance. The aggregate value of the Participant’s vested balance under an Employer Money Purchase Contribution Account. 

 

	 	(e)	Notice Requirements. 

  

	 	(1)	In the case of a qualified joint and survivor annuity, the Plan Administrator shall no less than 30 days and not more than 90 days prior to the annuity starting date provide each Participant a written explanation of:
(a) the terms and conditions of a qualified joint and survivor annuity; (b) the Participant’s right to make and the effect of an election to waive the qualified joint and survivor annuity form of benefit; (c) the rights of a
Participant’s spouse; and (d) the right to make, and the effect of, a revocation of a previous election to waive the qualified joint and survivor annuity. 

The annuity starting date for a distribution in a form other than a qualified joint and survivor annuity may be less than 30 days after the
receipt of the 

  
 -44- 

 
written explanation described in the preceding paragraph provided: (a) the Participant has been provided with information that clearly indicates that the Participant has at least 30 days to
consider whether to waive the qualified joint and survivor annuity and elect (with spousal consent) to a form of distribution other than a qualified joint and survivor annuity; (b) the Participant is permitted to revoke any affirmative
distribution election at least until the annuity starting date or, if later, at any time prior to the expiration of the 7-day period that begins the day after the explanation of the qualified joint and survivor annuity is provided to the
Participant; and (c) the annuity starting date is a date after the date that the written explanation was provided to the Participant. 
  

	 	(2)	In the case of a qualified preretirement annuity as described in Section 6.20(c), the Plan Administrator shall provide each Participant within the applicable period for such Participant a written explanation of the
qualified preretirement survivor annuity in such terms and in such manner as would be comparable to the explanation provided for meeting the requirements of Section 6.20(e)(1) applicable to a qualified joint and survivor annuity.

 The applicable period for a Participant is whichever of the following periods ends last: (a) the period beginning with
the first day of the Plan Year in which the Participant attains age 32 and ending with the close of the Plan Year preceding the Plan Year in which the Participant attains age 35; (b) a reasonable period ending after the individual becomes a
Participant; (c) a reasonable period ending after Section 6.20(e)(3) ceases to apply to the Participant; and (d) a reasonable period ending after this Section 6.20 first applies to the Participant. 

Notwithstanding the foregoing, notice must be provided within a reasonable period ending after separation from service in the case of a
Participant who separates from service before attaining age 35. 
 For purposes of applying the preceding paragraph, a reasonable period
ending after the enumerated events described in (b), (c) and (d) is the end of the two-year period beginning one year prior to the date the applicable event occurs, and ending one year after that date. In the case of a Participant who
separates from service before the Plan Year in which age 35 is attained, notice shall be provided within the two-year period beginning one year prior to separation and ending one year after separation. If such a Participant thereafter returns to
employment with the Employer, the applicable period for such Participant shall be redetermined. 
  

	 	(3)	 Notwithstanding the other requirements of this Section 6.20(e), the respective notices prescribed by this Section 6.20(e), need not be given
to a Participant if (a) the Plan “fully subsidizes” the costs of a qualified joint 

  
 -45- 

 
and survivor annuity or qualified preretirement survivor annuity, and (b) the Plan does not allow the Participant to waive the qualified joint and survivor annuity or qualified preretirement
survivor annuity and does not allow a married Participant to designate a non-spouse beneficiary. For purposes of this Section 6.20(e)(3), a plan fully subsidizes the costs of a benefit if no increase in cost, or decrease in benefits to the
Participant may result from the Participant’s failure to elect another benefit. 
  

	 	(4)	For purposes of Section 6.20: 

  

	 	(a)	Qualified early retirement age is the latest of: 

  

	 	(i)	the earliest date, under the Plan, on which the Participant may elect to receive retirement benefits, 

  

	 	(ii)	the first day of the 120th month beginning before the Participant reaches Normal Retirement Age, or 

  

	 	(iii)	the date the Participant begins participation. 

  

	 	(b)	Qualified joint and survivor annuity is an annuity for the life of the Participant with a survivor annuity for the life of the spouse as described in Section 6.20(d)(4) of this Plan. 

6.21 Special Distribution Rights Regarding PTI MP Plan Benefits. Effective September 1, 2007, nonforfeitable amounts held under
the Plan attributable to the PTI MP Plan (including associated gains, losses and other adjustments) and allocated to a Participant’s individual account may be distributed to such Participant at or after such Participant’s attainment of age
62 without regard to whether such Participant has separated from service with the Company to the extent permitted by Section 401(a)(36) of the Code. 

  
 -46- 

 ARTICLE VII 

Withdrawals 
 7.1
Hardship Withdrawals. 
  

	 	(a)	Amount of Withdrawal. A Participant who has suffered a financial hardship, as determined by the Administrator in accordance with the provisions of this Section, may elect to withdraw from the Trust Fund an
amount not to exceed the value of his Employee Profit Sharing Contribution Account, Elective Contribution Accounts and any rollover or transfer account, plus his vested interest in his Employer Contribution Account and Employer Special Share
Account, determined as of the date upon which written notice of such election is received by the Administrator. The withdrawal may not exceed the amount required to meet the financial hardship of the Participant (provided that such 30-day notice may
be waived in whole or in part by the Administrator acting in its discretion provided however that the exercise of such waiver authority shall not be arbitrary, capricious or discriminatory). 

Such a withdrawal shall be made by giving 30 days prior written notice to the Administrator (provided that such 30-day
notice may be waived, in whole or in part, by the Administrator, acting in its discretion, provided further that the exercise of such waiver authority shall not be arbitrary, capricious or discriminatory) on a form provided by him and shall
be effective as soon as is administratively feasible. Such notice when made shall be irrevocable. 
 Withdrawals will be
charged first to the Participant’s Employee Profit Sharing Contribution Account, next to his Employer Contribution Account, next to his Employer Special Share Account and the balance, if any, will be charged to his Elective Contribution
Accounts; provided, that any changes to his Elective Contribution Accounts shall be made first to the account having the larger balance. 
  

	 	(b)	Immediate and Heavy Financial Need. For purposes of this Section 7.1, financial hardship shall consist of: 

  

	 	(i)	expenses for medical care described in Section 213(d) of the Code, or necessary to obtain such care, incurred by the Participant, his spouse or any of his dependents (as defined in Section 152 of the Code);

  

	 	(ii)	the purchase (excluding mortgage payments) of a principal residence of the Participant; 

  

	 	(iii)	the payment of tuition, fees or room and board for the next 12-month period of post-secondary education for the Participant, his spouse, children or dependents; or

  
 -47- 

	 	(iv)	the need to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of his principal residence. 

The Administrator shall determine whether there is an immediate and heavy financial need on the basis of such written evidence
furnished by the Participant as the Administrator may require. The Participant shall also provide evidence that he has obtained all other distributions (other than hardship distributions) and all nontaxable loans currently available under the Plan
and all other plans maintained by the Company and the Affiliated Companies. 
  

	 	(c)	Effect of Hardship Distribution. If a Participant receives a hardship distribution from his Elective Contribution Account or from that portion of his Employer Contribution Account or Employer Special Share
Account which may be distributed in cash, then any Elective Contribution election, Employee Profit Sharing Contribution election, or any other cash-or-deferred or
employee contribution election in effect with respect to the Participant under the Plan (or any other qualified plan maintained by the Company or an Affiliated Company) shall be suspended for the 6-month
period beginning with the date the Participant receives the distribution, and the amount of Elective Contributions made for the benefit of the Participant, together with any elective deferrals made on behalf of the Participant under any other plan
maintained by the Company or an Affiliated Company for the calendar year immediately following the calendar year of the hardship distribution must not exceed the applicable limit under Section 402(g) of the Code for such next calendar year,
less the amount of such contributions made on behalf of the Participant for the calendar year of the hardship distribution. 

7.2 Withdrawals From Employee Profit Sharing Contribution Account. A Participant may elect at any time, subject to such rules as the
Administrator may prescribe, to withdraw all or any portion of the amounts held in his Employee Profit Sharing Contribution Account and attributable to Employee Profit Sharing Contributions; provided, that a Participant who has attained aged
59 1/2 and who participated in the MacDermid Imaging Plan as of December 31, 1998 may withdraw all or a portion of the amounts held in the Plan credited to such participant as of December 31, 1995 but not in excess of his nonforfeitable
interest in MacDermid Imaging Plan as of such date; provided further, that a Participant who has attained aged 59 1/2 and who participated in the Gumm Plan as of September 30, 1999 may withdraw all or a portion of the amounts held in the
Plan credited to such Participant as of September 30, 1999 but not in excess of his nonforfeitable interest in Gumm Plan as of such date; provided further, that a Participant who has attained aged 59 1/2 and who participated in the W.
Canning Plan as of December 31, 1999 may withdraw all or a portion of the amounts held in the Plan credited to such Participant as of December 31, 1999 but not in excess of his nonforfeitable interest in W. Canning Plan as of such date;
provided further, that a Participant who has attained aged 59 1/2 and who participated in the PTI Plan as of January 31, 2000 may withdraw all or a portion of the amounts held in the Plan credited to such Participant as of
January 31, 2000 but not in excess of his nonforfeitable interest in PTI Plan as of such date; provided further, that a Participant who has attained age 59 1⁄2 and who participated in the MEI 401(k) Plan or the MEI MP Plan as of December 31, 2002 may withdraw all or a portion of the amounts held in the Plan credited to such Participant as of 

  
 -48- 

 
December 31, 2002 but not in excess of his nonforfeitable interest in the MEI 401(k) Plan or the MEI MP Plan, respectively, as of such date; and provided further, that a Participant
who has attained age 59 1⁄2 and who participated in the Autotype 401(k) Plan as of December 31, 2005 may withdraw all or a portion of the amounts held in
the Plan credited to such Participant as of December 31, 2005 but not in excess of his nonforfeitable interest in the Autotype 401(k) Plan as of such date. A withdrawal pursuant to this Section shall be made by giving 30 days prior written
notice to the Administrator (provided, however that such 30-day notice may be waived in whole or in part by the Administrator, acting in its discretion provided further that the exercise of such waiver authority may not be arbitrary,
capricious or discriminatory) on a form provided by him and shall be effective as soon as is administratively feasible. Such notice when made shall be irrevocable. A Participant shall be entitled to make a withdrawal at such times and/or with
respect to such period(s) as the Administrator may establish on a reasonable and uniform basis. 
 7.3 Loans To Participants. Subject
to the conditions of this Section 7.3, loans shall be made from the Trust to Participants upon the written request of the Participant. 
  

	 	(a)	The Administrator shall prescribe such rules and procedures as it deems necessary or appropriate to carry out the purposes of this Section. All such rules and procedures shall be considered part of the Plan for purposes
of Department of Labor Regulation Section 2550.408b-1(d). 

  

	 	(b)	The following limitations shall apply in determining the amount of any loan under the Plan: 

  

	 	(i)	The amount of the loan, together with any other outstanding indebtedness of the Participant under the Plan or any other qualified retirement plans of the Company, shall not exceed $50,000 reduced by the excess of
(A) the highest outstanding loan balance of the Participant from such plans during the one-year period ending on the day prior to the date on which the loan is made, over (B) the Participant’s outstanding loan balance from such plans
immediately prior to the loan. 

  

	 	(ii)	The amount of the loan shall not exceed 50 percent of the Participant’s nonforfeitable interest in his Accounts, excluding his Employer Special Share Account, determined as of the Valuation Date immediately
preceding the date of the loan. 

  

	 	(c)	Each loan shall be evidenced by a note signed by the Participant and shall be secured by 50 percent of his nonforfeitable interest in his Accounts, excluding his Employer Special Share Account. The loan shall bear
interest at an annual percentage interest rate to be determined by the Administrator. In determining the interest rate, the Administrator shall take into consideration interest rates currently being charged by persons in the business of lending with
respect to loans made in similar circumstances. The Administrator shall make such determination through consultation with one or more lending institutions, as the Administrator deems appropriate. 

  
 -49- 

	 	(d)	Each loan made to a Participant who is receiving regular payments of Compensation from the Company shall be repayable by payroll deduction. Loans made to Participants where payroll deduction is not practicable shall be
repayable in such manner as the Administrator may from time to time determine. Loan payments shall be made not less frequently than quarterly, over a specified term as determined by the Administrator, in substantially level payments. Such term shall
not exceed five years unless the loan is being applied toward the purchase of a principal residence for the Participant. Loan payments will be suspended to the extent required by Section 414(u)(4) of the Code. 

 

	 	(e)	If, at the time distribution of benefits is to be made or commence to a Participant or his beneficiary, there remains any unpaid balance of a loan under the Plan, such unpaid balance shall, to the extent consistent with
Department of Labor Regulations, become immediately due and payable in full. Such unpaid balance, together with any accrued but unpaid interest on the loan, shall be deducted from the Participant’s Accounts subject to the default provisions
below, before any distribution of benefits is made. 

  

	 	(f)	In the event of a default in making any payment of principal or interest when due under the note evidencing any loan under this Section, if such default continues for more than 14 days after written notice of the
default by the Trustee, the unpaid principal balance of the note shall immediately become due and payable in full. Such unpaid principal, together with any accrued but unpaid interest, shall thereupon be deducted from the Participant’s
Accounts, subject to the further provisions of this Section. The amount so deducted shall be treated as distributed to the Participant and applied by him as payment of the unpaid interest and principal (in that order) under the note evidencing such
loan. In no event shall the Administrator apply the Participant’s Accounts to satisfy his repayment obligation, whether or not he is in default, unless the amount so applied could otherwise be distributed in accordance with the Plan.

  

	 	(g)	The note evidencing a loan to a Participant shall be an asset of the Trust which is allocated to the Accounts of the Participant and shall for purposes of the Plan be deemed to have a value at any given time equal to
the unpaid principal balance of the note plus the amount of any accrued but unpaid interest. 

  

	 	(h)	For loans granted prior to January 1, 1999, Participant may designate the Account or Accounts from which his loan is to be made. In the absence of such a designation and for loans granted on or after
January 1, 1999, the loan shall be made proportionately from the Participant’s Accounts under the Plan, except as otherwise provided under the Administrator’s rules. 

 

	 	(i)	Loans shall be made available under this Section 7.3 to all Participants on a reasonably equivalent basis, except that the Administrator may make reasonable distinctions based on creditworthiness and financial
need. 

  
 -50- 

	 	(j)	For purposes of this Section 7.3, a former Participant or beneficiary who is a party in interest with respect to the Plan, within the meaning of Section 3(14) of ERISA, shall be treated as a Participant.

  

	 	(k)	To the extent, if any, that the Participant’s benefit is subject to Sections 401(a)(11) and 417 of the Code, the written consent of the Participant’s spouse to the loan must be obtained in accordance with
Section 6.13. 

  
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 ARTICLE VIII 

Top-Heavy Provisions 

8.1 Top-Heavy Minimum Contributions. Notwithstanding any other provision of the Plan, for any
Plan Year which is a top-heavy plan year, each Participant who is a Participant on the last day of such Plan Year and who is not a key employee shall be entitled to receive a minimum contribution under the
Plan equal to the lesser of (a) three percent of his total Compensation from the Company for such Plan Year or (b) if the Company or Affiliated Company does not maintain a defined benefit plan required to be aggregated with the Plan, the
largest percentage of Compensation contributed (exclusive of Employee Profit Sharing Contributions) on behalf of a key employee for such Plan Year. Notwithstanding the foregoing, no minimum contribution will be required with respect to a Participant
who is also covered by another top-heavy plan of the Company or an Affiliated Company under which he receives the top-heavy minimum contribution or the top-heavy defined benefit minimum. 
 8.2 Top-Heavy
Vesting. Notwithstanding any other provision of the Plan, for each Employee who is a Participant at any time during a top-heavy plan year the nonforfeitable percentage of the Participant’s Employer
Contribution Account, Employer Money Purchase Contribution Account and Employer Special Share Account shall be determined in accordance with the following schedule, provided, however, that in no event shall a Participant’s
nonforfeitable percentage of the Participant’s Employer Contribution Account be determined under the following schedule if such percentage is greater if determined without regard to such schedule: 

 

			
	 If the period of his
 Credited Service
is:
	  	The percentage shall be:
	 Less than 2 years
	  	0%
	 2 years but less than 3 years
	  	20%
	 3 “ “ “ “ 4 “
	  	40%
	 4 “ “ “ “ 5 “
	  	60%
	 5 or more years
	  	100%

 8.3 Adjustment to Limitation on Benefits. For Plan Years beginning before January 1, 2000, for
purposes of the Code Section 415 limits, the definitions of “defined contribution plan fraction” and “defined benefit plan fraction” contained therein shall be modified, for any Plan Year which is a top-heavy plan year, by applying the special rule set forth in Section 416(h) of the Code unless (a) the Plan and each plan with which the Plan is required to be aggregated for top-heavy purposes satisfies the requirements of Section 416(h)(2)(A) of the Code, and (b) such Plan year would not be a top-heavy plan year if “90
percent” were substituted for “60 percent” in the definition of a top-heavy plan year. 

  
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 8.4 Definitions. For purposes of these top-heavy
provisions, the following terms have the following meanings: 
  

	 	(a)	“key employee” means any Employee or former Employee (including any deceased employee) who at any time during the Plan Year that includes the determination date was an officer of the Company having annual
Compensation greater than $130,000 (as adjusted under Section 416(i)(l) of the Code for Plan Years beginning after December 31, 2002), a 5-percent owner of the Company, or a 1-percent owner of the Company having annual Compensation of more
than $150,000. For this purpose, annual Compensation means compensation within the meaning of Section 415(c)(3) of the Code. The determination of who is a key employee will be made in accordance with Section 416(i)(1) of the Code and the
applicable regulations and other guidance of general applicability issued thereunder; and 

  

	 	(b)	“top-heavy plan year” means a Plan Year if the sum of the account balances of all key employees under the Plan and each other defined contribution plan (as of the
applicable determination date of each such plan) which is aggregated with the Plan, plus the sum of the present values of the total accrued benefits of all key employees under each defined benefit plan (as of the applicable determination date of
each such plan) which is aggregated with the Plan exceeds 60 percent of the sum of such amounts for all Employees and former Employees (other than former key employees, but including beneficiaries of former Employees) under the Plan and all such
plans. For purposes of these determinations: 

  

	 	(i)	The foregoing determination will be made in accordance with the provisions of Section 416 of the Code and the regulations thereunder, which are specifically incorporated herein by reference. 

 

	 	(ii)	The term “determination date” means, with respect to the initial plan year of a plan, the last day of such plan year and, with respect to any other plan year of a plan, the last day of the preceding plan year
of such plan. The term “applicable determination date” means, with respect to the Plan, the determination date for the Plan Year of reference and, with respect to any other plan, the determination date for any plan year of such plan which
falls within the same calendar year as the applicable determination date of the Plan. 

  

	 	(iii)	Accrued benefits or account balances under a plan will be determined as of the most recent valuation date of the plan in the 12-month period ending on the applicable determination
date of the plan; provided, however, that in the case of a defined benefit plan such valuation date must be the same date as is employed for minimum funding purposes, and in the case of a defined contribution plan the value so
determined will be adjusted for contributions made after the valuation date to the extent required by applicable regulations. 

  

	 	(iv)	 If any individual has not received any compensation from the Company or an Affiliated Company maintaining a plan (other than benefits under the plan)
at any time during the five-year period ending on the applicable 

  
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determination date with respect to such plan, any accrued benefit for such individual (and the account of such individual) under such plan shall not be taken into account. 

 

	 	(v)	Each plan of the Company or an Affiliated Company (whether or not terminated) in which a key employee participates, and any other plan of the Company or an Affiliated Company which enables a plan referred to in the
preceding clause to satisfy the requirements of Sections 401(a)(4) and 410 of the Code, shall be aggregated with the Plan. Any plan of the Company or an Affiliated Company not required to be aggregated with the Plan may nevertheless, at the
discretion of the Administrator, be aggregated with the Plan if the benefits and coverage of all aggregated plans would continue to satisfy the requirements of Sections 401(a)(4) and 410 of the Code. 

 

	 	(vi)	The determination of the present value of accrued benefits under a defined benefit plan shall be made on the basis of the funding assumptions employed by such plan. 

8.5 Determination of Top Heavy Status. Notwithstanding any provision of this Article VIII to the contrary, the following shall apply
for purposes of determining the account balances of Employees as of the determination date. The present value of accrued benefits and the amounts of account balances of an Employee as of the determination date shall be increased by the distributions
made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the determination date. The preceding sentence shall also apply to distributions under
a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than separation from service, death, or disability,
this provision shall be applied by substituting “5-year period” for “l-year period.” The accrued benefits and accounts of any individual who has not performed services for the Company during the l-year period ending on the
determination date shall not be taken into account. 
 8.6 Matching Contributions. Employer matching contributions, if applicable,
shall be taken into account for purposes of satisfying the minimum contribution requirements of Section 416(c)(2) of the Code under the Plan. The preceding sentence shall apply with respect to employer matching contributions under the Plan or,
if the Plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions
for purpose of the actual contribution percentage test and other requirements of Section 401(m) of the Code. 

  
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 ARTICLE IX 

Trustee 
 9.1
Appointment. A Trustee for the Plan shall be appointed by MacDermid, Incorporated and named in a Trust Agreement executed by MacDermid, Incorporated, and, upon acceptance thereof, the Trustee shall perform the duties and exercise the
authority of the Trustee as set forth in the Plan and Trust Agreement. All cash and other assets of the Plan shall, until disposed of pursuant to the provisions of the Plan, be held in the possession of the Trustee. Such New MacDermid Stock may be
registered in the name of the Trustee or in the name of its nominee and in certificate denominations which the Trustee shall determine. 

9.2 Removal and Replacement. MacDermid, Incorporated shall reserve the right to remove the Trustee at any time and to appoint a
successor Trustee. 
 9.3 Changes in Trust Arrangements. The Company may from time to time enter into such further agreements with
the Trustee or other parties and make such amendments to trust agreements as it may deem necessary or desirable to carry out the Plan, and it may take such other steps and execute such other instruments as may be deemed necessary or desirable to put
the Plan into effect or to carry it out. 
 9.4 Group or Common Trust Funds. The provisions of any group or common trust fund in
which any trust under the Plan participates shall be deemed part of the Plan with respect to the Plan assets invested therein, but only as long as such group or common trust fund remains qualified under Section 401(a), and exempt from taxation
under Section 501(a), of the Code. 

  
 -55- 

 ARTICLE X 

Administration of Plan 

10.1 Allocation of Fiduciary Responsibility. The Fiduciaries under the Plan shall have only those specific powers, duties,
responsibilities and obligations as are specifically given them under the Plan or the Trust Agreement. The Company shall have the sole responsibility for making the contributions provided for under Sections 4.1 and 4.5. The Board of Directors shall
have the sole authority (a) to appoint and remove or replace the Trustee, the Administrator, and the Investment Committee, (b) to amend or terminate, in whole or in part, the Plan or the Trust Agreement, (c) to direct the Trustee as
to the investment of all or part of the Trust Fund in a specific manner, including under the management of an Investment Manager pursuant to such contractual arrangements as it shall specify, (d) to delegate to an Investment Committee appointed
by it the authority to so direct investments, and to establish and discontinue such separate investment funds under Section 5.9 as the Committee shall in its sole discretion from time to time determine. The Administrator shall have the sole
responsibility for the administration of the Plan, which responsibility is specifically described in the Plan and the Trust Agreement. The Trustee shall have the sole responsibility for the administration of the Trust Fund and the management of the
assets held under the Trust Agreement, except as otherwise directed by the Board of Directors or the Investment Committee and except for assets managed by an Investment Manager, all as specifically provided in the Plan and the Trust Agreement. The
Investment Committee shall have such authority and responsibility to direct investments and appoint Investment Managers as may be delegated to it by the Board of Directors. An Investment Manager shall have sole responsibility for the management of
Trust Fund assets turned over to it. 
 Any directions given, information furnished, or action taken by a Fiduciary, with respect to the
Plan or Trust Fund shall be in accordance with the provisions of the Plan and the Trust Agreement, as the case may be, authorizing or providing for such direction, information or action. To the extent permitted by law, each Fiduciary may rely upon
the direction, information or action of any other Fiduciary as being proper under the Plan and the Trust Agreement and is not required to inquire into the propriety of any such direction, information or action. It is intended that each Fiduciary
shall be responsible for the proper exercise of its powers, duties, responsibilities and obligations under the Plan and the Trust Agreement and that no Fiduciary shall be responsible for any act or failure to act of another Fiduciary. No Fiduciary
guarantees the Trust Fund in any manner against investment loss or depreciation in asset value. 
 10.2 Appointment of Administrator.
The Plan shall be administered by the Administrator who shall be appointed by and serve at the pleasure of the Board of Directors. All usual and reasonable expenses of the Administrator may be paid in whole or in part by the Company, and any
expenses not paid by the Company shall be paid by the Trustee out of the principal or Income of the Trust Fund. If the Administrator is an Employee he shall not receive compensation with respect to his services as Administrator. The
Administrator may also appoint one or more assistant administrators and other persons, who shall serve at his pleasure, to assist him in the administration of the Plan and may allocate and delegate his fiduciary responsibilities under the Plan by
written instrument in accordance with Section 405 of ERISA. 

  
 -56- 

 10.3 Power and Duties. In addition to such powers and duties as may be specified elsewhere
in this instrument, the Administrator shall have the discretionary authority to 
  

	 	(a)	make and enforce such rules as he deems necessary or proper for the administration of the Plan; 

  

	 	(b)	determine all matters relating to the eligibility of persons to become Participants in the Plan and determine whether or not any eligible Employee has become a Participant in the Plan; 

 

	 	(c)	determine whether and when the employment of any Participant has been terminated and, if material to a determination of the benefits of such Participant, the cause of such termination; 

 

	 	(d)	decide all questions and disputes which may arise from time to time with respect to the rights under the Plan of Employees, Participants and all other persons who may be entitled to benefits under the Plan;

  

	 	(e)	compute, or cause to be computed, the amount of benefits which will be payable to any Participant or other person, to determine the person or persons to whom such benefits will be paid and to authorize the payment of
such benefits; 

  

	 	(f)	from time to time in writing furnish to the Trustee all such information, data and directions as may be required by the Trustee or the terms of this instrument for the performance by the Trustee of its duties hereunder;

  

	 	(g)	determine such matters as may from time to time be submitted to him by the Trustee which the Trustee states to be necessary for it properly to discharge its duties, powers and obligations under this instrument;

  

	 	(h)	keep, or cause to be kept, such books and records as may be necessary or appropriate for the orderly administration of the Plan, all such books and records to be open to inspection at any time by the Company;

  

	 	(i)	execute and file, or cause to be executed and filed, such reports or other documents, and make, or cause to be made, such disclosures, as the Plan or any one acting for the Plan may be required to execute and file or
make by any applicable law or statute now or hereafter enacted, unless otherwise provided by such law or statute; 

  

	 	(j)	interpret and construe any and all of the provisions of this instrument and any and all documents and materials developed, maintained or used in connection with the administration of the Plan; and 

 

	 	(k)	perform all such other duties and acts as may be required to be performed by the Administrator by the terms of this instrument and the operation of the Plan. 

  
 -57- 

 10.4 Effect of Interpretation or Determination. Any interpretation of the Plan or other
determination with respect to the Plan by the Administrator shall be final and conclusive on all persons in the absence of clear and convincing evidence that the Administrator acted arbitrarily and capriciously. 

10.5 Nondiscriminatory Exercise of Authority. Whenever, in the administration of the Plan, any discretionary action by the
Administrator is required, he shall exercise his authority in a nondiscriminatory manner so that all persons similarly situated will receive substantially the same treatment. 

10.6 Named Fiduciary. The Administrator will be a “named fiduciary” for purposes of Section 402(a)(1) of ERISA with
authority to control and manage the operation and administration of the Plan, except that he will have no authority over the investment of the assets of the Trust Fund. 

10.7 Indemnification. The Company agrees to indemnify the Administrator and save him harmless against any and all liability occasioned
by or arising out of any action taken, suffered or omitted in good faith by him. 
 10.8 Examination of Records. The Administrator
will make available to each Participant such of its records as pertain to him, for examination at reasonable times during normal business hours. 

10.9 Claims and Review Procedures. 
  

	 	(a)	Claims Procedure. If any person believes he is being denied any rights or benefits under the Plan, such person may file a claim in writing with the Administrator. If any such claim is wholly or partially denied,
the Administrator will notify such person of its decision in writing. Such notification will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a description of any additional
material or information necessary for such person to perfect such claim and an explanation of why such material or information is necessary and (iv) information as to the steps to be taken if the person wishes to submit a request for review.
Such notification will be given within 90 days after the claim is received by the Administrator (or within 180 days, if special circumstances require an extension of time for processing the claim, and if written notice of such extension and
circumstances is given to such person within the initial 90-day period). If such notification is not given within such period, the claim will be considered denied as of the last day of such period and such
person may request a review of his claim. 

  

	 	(b)	 Review procedure. Within 60 days after the date on which a person receives a written notice of a denied claim (or, if applicable, within
60 days after the date on which such denial is considered to have occurred) such person (or his duly authorized representative) may (i) file a written request with the Administrator for a review of his denied claim and of pertinent documents
and (ii) submit written issues and comments to the Administrator. The Administrator will notify such 

  
 -58- 

	 	
person of its decision in writing. Such notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific
references to pertinent Plan provisions. The decision on review will be made within 60 days after the request for review is received by the Administrator (or within 120 days, if special circumstances require an extension of time for processing the
request, such as an election by the Administrator to hold a hearing, and if written notice of such extension and circumstances is given, to such person within the initial 60-day period). If the decision on
review is not made within such period, the claim will be considered denied. 

 10.10 Membership of Investment
Committee. The Investment Committee shall be comprised of the number of persons determined by the Board of Directors and appointed in writing by MacDermid, Incorporated. Any member of the Committee may at any time be removed from office by
MacDermid, Incorporated by notice in writing delivered or mailed by registered mail, postage prepaid, to such member and to each other member of the Committee. Such removal shall be effective on the date specified therein or, if no date is
specified, on the fifth day next following the date of such notice. Whenever a member of the Committee who is an Employee of the Company shall cease to be such Employee, he shall automatically cease to be a member of the Committee. Any member
of the Committee may resign by instrument in writing delivered or mailed by registered mail, postage prepaid, to the Corporation. Such resignation shall be effective on the date specified therein or, if no date is specified, on the fifth day next
following the date of such instrument. Each vacancy in the Committee, however arising, shall be filled by MacDermid, Incorporated by the appointment in writing of a successor; provided, that if, after the expiration of a period of 30 days
following receipt by the Corporation from the remaining members of the Committee of a written request to fill any such vacancy, MacDermid, Incorporated shall have failed to do so, the remaining members of the Committee shall have the power to fill
the same by instrument in writing delivered or mailed by registered mail, postage prepaid, to the Corporation and to the Trustee. During the existence of a vacancy on the Committee the remaining members thereof shall have and may exercise all the
powers and authority of the Committee. 
 10.11 Action by Investment Committee. The Committee shall act by a majority (but not less
than two) of its members; provided, that no member of the Committee shall vote or decide upon any matter relating to himself as a Participant, but all such matters shall be voted or decided by the other members of the Committee and in case
they do not agree may be determined by the Trustee, and the vote, decision or determination of such other members or the Trustee, as the case may be, shall be final, binding and conclusive upon the interested member of the Committee. A formal
meeting of the Committee need not be called or held for the purpose of making any decision, but decisions may be made and evidenced by a written document signed by a majority of the Committee. A Committee member who, within a reasonable time after
he has knowledge of any action or failure to act by the majority, registers his dissent in writing with the other members of the Committee and the Corporation shall not be responsible for such action or failure to act. 

  
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 10.12 Investment Instructions. The Committee shall have the authority to select the
separate investment funds within the Trust Fund and, to the extent investments are not directed by Participants in accordance with Section 5.6, to instruct the Trustee regarding the investment and reinvestment of the Trust Fund and may delegate
such authority to the Administrator. All such instructions to the Trustee shall be in writing and, if such instructions are given by the Committee, shall be signed by a majority of the Committee members. Except to the extent otherwise provided by
applicable law, in acting pursuant to written instructions of the Committee or the Administrator, the Trustee shall not be liable for any loss resulting from following such written instructions. 

10.13 Nondiscrimination and Standard of Care. In exercising the powers and duties vested in them under this instrument, neither the
Administrator nor the Committee shall discriminate among Participants, each of whom shall be given the same consideration under like circumstances, and all such powers and duties shall be discharged with the care, skill, prudence and diligence under
the circumstances that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, and in accordance with the terms of the documents and instruments
governing the Plan. 
 10.14 Payment of Expenses. All costs and expenses incurred in the administration of the Plan, including fees
and expenses of the Trustee, shall be paid by the Company or, to the extent not paid by the Company, by the Plan. Brokerage commissions, transfer taxes, and other charges and expenses in connection with the purchase and sale of New MacDermid Stock
by the Trustee shall be paid by the Company or, to the extent not paid by the Company, by the Plan. Taxes, if any, upon, or in respect of, any assets held by the Trustee or income therefrom, which are payable by the Trustee, shall be charged against
the applicable Accounts of Participants as the Trustee and the Administrator shall determine. 
 10.15 Compensation and
Indemnification. Neither the Administrator nor the Committee shall be entitled to compensation for their services, but the Company agrees to reimburse the Administrator and the Committee for any and all necessary expenses incurred by them. The
Company agrees to indemnify and save harmless each of the Administrator and the members of the Committee against any and all liability occasioned by or arising out of any action taken, suffered or omitted in good faith by him. Any reasonable
expenses incurred in administering the Plan may be paid by the Company, or to the extent not paid by the Company, from the Trust Fund. 

  
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 ARTICLE XI 

Amendment and Termination 

11.1 Amendment. MacDermid, Incorporated shall have the right, at any time and from time to time, to modify or amend
this instrument or any of its provisions by action of the Board of Directors, each such modification or amendment to be by instrument in writing, executed by MacDermid, Incorporated; provided, that no such modification or amendment shall
be such, or shall be so construed, as to: 
  

	 	(a)	cause or permit any assets of the Trust Fund to be diverted to purposes other than the exclusive benefit of Participants and their beneficiaries (as provided in Section 12.2); 

 

	 	(b)	amend the Plan’s vesting schedule unless the Plan, as amended, provides that each Participant whose nonforfeitable benefit derived from Company contributions is determined under such schedule and who has completed
at least three years of Credited Service may elect during the election period (as hereinafter defined) to have the nonforfeitable portion of his or her benefit derived from Company contributions determined without regard to such amendment.
Notwithstanding the preceding sentence, no election need be provided for any Participant whose nonforfeitable benefit under the Plan, as amended, at any time cannot be less than such nonforfeitable benefit determined without regard to such
amendment. For purposes of this paragraph, the “election period” must begin no later than the date the Plan amendment is adopted and end no earlier than the latest of the following dates: 

 

	 	(i)	the date which is 60 days after the day on which the amendment is adopted, 

  

	 	(ii)	the date which is 60 days after the day on which the amendment becomes effective, or 

  

	 	(iii)	(the date which is 60 days after the day on which the Participant is issued written notice of the Plan amendment by the Company or Administrator; or 

 

	 	(c)	reduce without his consent the benefits then accrued of any Participant in the Plan; or 

  

	 	(d)	change, without the prior written consent of the Trustee or Administrator, as the case may be, any of the powers, rights, duties or obligations of the Trustee or Administrator, as the case may be, 

unless such modification or amendment is necessary or appropriate in order to qualify the trust hereunder as an exempt trust under the provisions of
Section 401(a) and 501 of the Code, or to retain for the trust such qualified status. 

  
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 11.2 Termination. Although MacDermid, Incorporated expects to continue the Plan
indefinitely, it expressly reserves the right to terminate it any time by instrument in writing, such termination to be effective on the date specified in such instrument. From and after the termination date so specified, no further contributions
shall be made by the Company and the Trustee shall forthwith proceed with the liquidation of the Trust Fund and each person who is a Participant in the Plan or entitled to benefits under the Plan on said date shall be entitled to a nonforfeitable
benefit, payable in a single lump sum payment, equal in amount to that proportion of the value (after such liquidation and the payment of the expenses of liquidation and termination) of the Trust Fund which the net credit balance in the accounts
maintained on behalf of such Participant on said termination date bears to the total of all net credit balances in the accounts of all Participants on said termination date. In the event that a partial termination of the Plan shall be deemed to have
occurred, each Participant affected shall be entitled to a nonforfeitable benefit equal in amount to the net credit balance in the accounts maintained on behalf of such Participant as of the date such partial termination is deemed to have occurred.
Although a suspension of Company contributions may occur without being deemed a termination of the Plan, the permanent discontinuance by the Company of further contributions under the Plan shall be deemed to be a termination by the Company of the
Plan as hereinbefore provided. If the Company or an Affiliated Company maintains a defined contribution plan (other than an employee stock ownership plan as defined in Section 4975(e)(7) of the Code), a Participant’s benefit will not be
distributed without the Participant’s consent. In the event a successor plan, as defined for purposes of Section 401(k) of the Code, is established or maintained, distribution shall be made in accordance with the requirements of such
Section. Upon the completion of distributions hereunder, the Trust Fund will terminate and no Participant or other person shall have any claims thereunder, except as required by applicable law. 

11.3 Termination in Event of Certain Changes in Ownership of the Company. In the event that at any time the Company shall have a
“Principal Stockholder,” as hereinafter defined, then notwithstanding anything to the contrary contained herein, unless a majority of the “Continuing Directors”, as hereinafter defined, shall have, on or before the date of
termination hereinafter specified, voted to continue the Plan, the Plan shall terminate as of the twenty-first day next following the date on which the Board of Directors becomes aware that it has a Principal
Stockholder. Thereupon, the Accounts of all Participants shall become fully vested and nonforfeitable and all amounts then held in the Participants’ Accounts shall be immediately distributed to such Participants in the manner provided in
Section 11.2, subject to a prior favorable determination by the Internal Revenue Service with respect to the Plan termination, which shall be promptly applied for. 

For purposes of this Section 11.3, (a) the term “Principal Stockholder” shall mean any corporation, person, or other
entity (“person”) owning beneficially, directly or indirectly, shares of the capital stock of the Company entitled to cast 25 percent or more of the votes at the time entitled to be cast generally in the election of Directors by all of the
outstanding shares of all classes of capital stock of the Company (other than any such shares held by any qualified employee benefit plan maintained by the Company), considered for purposes of this Section 11.3 as one class; (b) in
determining such ownership, a person shall be deemed to be the beneficial owner of any shares of capital stock of the Company which are beneficially owned, directly or indirectly, by any other person (i) with which it or its
“affiliate” or “associate,” as hereinafter 

  
 -62- 

 
defined, has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of capital stock of the Company or (ii) which is its “affiliate”
or “associate”; (c) the term “Continuing Director” shall mean a person who was a member of the Board of Directors of the Company elected by the public stockholders prior to the time that the Company had a Principal
Stockholder, or a person recommended to succeed a Continuing Director by a majority of Continuing Directors; (d) a person shall be deemed to be an “affiliate” of, or affiliated with, a specified person if such person directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified; and (e) the term “associate” used to indicate a relationship with any person shall mean (i) any
corporation or organization (other than the Company or any subsidiary of the Company) of which such person is an officer or partner or is, directly or indirectly, the beneficial owner of 10 percent or more of any class of equity security,
(ii) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar fiduciary capacity, and (iii) any relative or spouse of such person, or any relative of
such spouse, who has the same home as such person. 
 11.4 Notices with Respect to Termination. No payment of benefits or
distribution of assets shall be made by the Trustee hereunder until receipt by it of written confirmation from the Company that it has given all notices and prepared and filed all reports which may be required by law. 

  
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 ARTICLE XII 

Miscellaneous Provisions 

12.1 Participant and Employee Rights. This instrument and the Plan embodied herein and established hereby shall not be deemed to give
any Participant or any Employee the right to be retained in the employ of the Company or an Affiliated Company, or confer on or create in any Participant or any Employee any rights of any name or nature, legal or equitable, except such as are
expressly set forth herein. Neither anything contained in this instrument nor any action taken by the Company hereunder shall in any way prevent the Company or an Affiliated Company from terminating at any time the employment of any Employee or
Participant, present or future, nor subject it to any liability under this instrument for any such termination. 
 12.2 Exclusive
Benefit. This instrument and the Plan embodied herein and established hereby are for the exclusive benefit of the Employees of the Company. No part of the assets of the Trust Fund shall be held for purposes other than the exclusive benefit of
Participants and their beneficiaries and the payment of expenses of administering the Plan and Trust Fund. Except as provided in Section 4.9, no funds paid to the Trustee under the Plan and no funds or property at any time held by the Trustee
hereunder shall revert or inure to the possession, ownership or control of the Company. 
 12.3 Release by Participants. Except to
the extent that it relieves the Company, the Administrator or the Trustee from responsibility or liability for any responsibility, obligation or duty owing to the Plan or any Participant, any payment to any Participant or to any person entitled to a
benefit under the Plan, made in accordance with the provisions of this instrument, shall to the extent thereof be in full satisfaction of all claims against any or all of the Trustee, the Administrator and the Company, any of whom may require such
Participant or person, as a condition precedent to such payment, to execute a receipt and release therefor in such form as shall be determined by the Trustee, the Administrator or the Company, as the case may be. 

12.4 Merger. In the event of any merger or consolidation of the Plan with any other plan, or in the event of any transfer of assets and
liabilities from the Plan to any other plan, the assets of the Plan applicable to any Participant shall be transferred to such other plan only if the benefit to which such Participant is entitled immediately after the merger, consolidation or
transfer (determined as if the plan had then terminated) is equal to or greater than the benefit which he would have been entitled to receive if the Plan had terminated immediately prior to such merger, consolidation or transfer. 

12.5 Governing Law. This instrument shall be construed, and the rights and liabilities of all persons hereunder shall
be determined, in accordance with the laws of the State of Connecticut, to the extent not preempted by ERISA. 

  
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 SCHEDULE A 

  
 -65- 

 Exhibit 10.5 

MACDERMID, INCORPORATED 
 PROFIT
SHARING AND EMPLOYEE SAVINGS PLAN 
 (As amended and restated generally 

effective January 1, 2010) 

 MACDERMID, INCORPORATED PROFIT SHARING AND 

EMPLOYEE SAVINGS PLAN 

Table of Contents 
  

					
	 	  	Page	 
	 ARTICLE I Preamble
	  	 	1	  
	 ARTICLE II Definitions and Construction
	  	 	3	  
	 2.1      “Administrator”
	  	 	3	  
	 2.2      “Affiliated Company”
	  	 	3	  
	 2.3      “Approved Leave”
	  	 	3	  
	 2.4      “Autotype”
	  	 	3	  
	 2.5      “Autotype 401(k) Plan”
	  	 	3	  
	 2.6      “Board of Directors”
	  	 	3	  
	 2.7      “Break in Service”
	  	 	3	  
	 2.8      “Cash Distributions”
	  	 	3	  
	 2.9      “Code”
	  	 	3	  
	 2.10    “Company”
	  	 	3	  
	 2.11    “Compensation”
	  	 	4	  
	 2.12    “Continuous Employment”
	  	 	5	  
	 2.13    “Credited Service”
	  	 	5	  
	 2.14    “Early Retirement Age”
	  	 	6	  
	 2.15    “Effective Date”
	  	 	6	  
	 2.16    “Elective Contribution”
	  	 	6	  
	 2.17    “Elective Contribution Account”
	  	 	6	  
	 2.18    “Employee”
	  	 	6	  
	 2.19    “Employee Profit Sharing Contribution”
	  	 	7	  
	 2.20    “Employer Contribution”
	  	 	7	  
	 2.21    “Employer Money Purchase Contribution”
	  	 	7	  
	 2.22    “Employer Contribution Account”
	  	 	7	  
	 2.23    “Employer Money Purchase Contribution Account”
	  	 	7	  
	 2.24    “Employer Special Share Account”
	  	 	7	  
	 2.25    “ERISA”
	  	 	7	  
	 2.26    “Fiduciary”
	  	 	7	  
	 2.27    “Forfeiture”
	  	 	7	  
	 2.28    “Gumm”
	  	 	7	  
	 2.29    “Gumm Plan”
	  	 	7	  
	 2.30    “Highly Compensated Employee”
	  	 	8	  
	 2.31    “Hours of Service”
	  	 	9	  
	 2.32    “Income”
	  	 	11	  
	 2.33    “Investment Committee”
	  	 	12	  
	 2.34    “Investment Manager”
	  	 	12	  
	 2.35    “MacDermid Equipment” or “MEI”
	  	 	12	  
	 2.36    “MEI 401(k) Plan”
	  	 	12	  

  
 i 

 Table of Contents 

(continued) 
  

					
	 	  	Page	 
	 2.37    “MEI MP Plan”
	  	 	12	  
	 2.38    “MacDermid Imaging”
	  	 	12	  
	 2.39    “MacDermid Imaging Plan”
	  	 	12	  
	 2.40    “New MacDermid Stock”
	  	 	12	  
	 2.41    “Normal Retirement Age”
	  	 	12	  
	 2.42    “Participant”
	  	 	12	  
	 2.43    “Plan”
	  	 	12	  
	 2.44    “Plan Year” or “Limitation Year”
	  	 	12	  
	 2.45    “Prior ESOP”
	  	 	12	  
	 2.46    “Prior Plan”
	  	 	12	  
	 2.47    “PTI”
	  	 	13	  
	 2.48    “PTI Plan”
	  	 	13	  
	 2.49    “PTI MP Plan”
	  	 	13	  
	 2.50    “Transferred National Starch Employee”
	  	 	13	  
	 2.51    “Trustee”
	  	 	13	  
	 2.52    “Trust Agreement”
	  	 	13	  
	 2.53    “Trust Fund”
	  	 	13	  
	 2.54    “Valuation Date”
	  	 	13	  
	 2.55    “W. Canning”
	  	 	13	  
	 2.56    “W. Canning Plan”
	  	 	13	  
	 ARTICLE III Participation and Service
	  	 	14	  
	 3.1      Participation
	  	 	14	  
	 3.2      Termination of Participation
	  	 	14	  
	 3.3      Rejoining After Termination of Participation
	  	 	15	  
	 3.4      Inactive Status
	  	 	15	  
	 ARTICLE IV Contributions
	  	 	16	  
	 4.1      Employer Contributions
	  	 	16	  
	 4.2      Employee Profit Sharing Contributions
	  	 	16	  
	 4.3      Elective Contributions.
	  	 	17	  
	 4.4      Employee ESOP Contributions
	  	 	18	  
	 4.5      Employer ESOP Contributions
	  	 	18	  
	 4.6      Cash Distributions
	  	 	19	  
	 4.7      Limitations on Allocations to Participants
	  	 	19	  
	 4.8      Limit on Contributions of Company
	  	 	25	  
	 4.9      Limited Return of Contributions
	  	 	25	  
	 4.10    Certain Transfers
	  	 	25	  
	 ARTICLE V Allocations to Participants’ Accounts
	  	 	27	  
	 5.1      Individual Accounts
	  	 	27	  
	 5.2      Computation and Allocation of Employer Contributions
	  	 	27	  
	 5.3      Allocation of Employee Profit Sharing
	  	 	27	  
	 5.4      Allocation of Elective Contributions
	  	 	27	  
	 5.5      Allocation of Income and Dividends
	  	 	27	  
	 5.6      Forfeitures
	  	 	28	  

  
 ii 

 Table of Contents 

(continued) 
  

							
	 	  	Page	 
	 5.7      Account Value
	  	 	28	  
	 5.8      Investment Options Under Plan
	  	 	29	  
	 5.9      Transfers Among Investment Funds
	  	 	29	  
	 5.10    Interest of Participants in Trust Fund
	  	 	29	  
	 5.11    Special Diversification Requirements
	  	 	30	  
	 ARTICLE VI Benefits
	  	 	32	  
	 6.1      Retirement
	  	 	32	  
	 6.2      Disability
	  	 	32	  
	 6.3      Benefits on Death
	  	 	32	  
	 6.4      Vesting
	  	 	33	  
	 6.5      Changes in Vesting Schedule
	  	 	33	  
	 6.6      Manner of Payment of Benefits
	  	 	34	  
	 6.7      Election to Take Benefits in Stock
	  	 	35	  
	 6.8      Time of Payment of Benefits
	  	 	35	  
	 6.9      Separate Account
	  	 	35	  
	 6.10    Cash-Outs of Certain Benefits
	  	 	36	  
	 6.11    Restoration of Benefits
	  	 	37	  
	 6.12    Direct Rollover
	  	 	37	  
	 6.13    Immediate Distributions
	  	 	38	  
	 6.14    Required Distributions
	  	 	38	  
	 6.15    Latest Commencement Date of Benefits
	  	 	39	  
	 6.16    Nonalienation of Benefits
	  	 	40	  
	 6.17    Distributions Required by a Qualified Domestic Relations Order
	  	 	42	  
	 6.18    No Vested Rights
	  	 	42	  
	 6.19    Incapacity of Payee
	  	 	42	  
	 6.20    Special Distribution Rights Regarding MEI MP Plan Benefits
	  	 	42	  
	 6.21    Special Distribution Rights Regarding PTI MP Plan Benefits
	  	 	46	  
	 ARTICLE VII Withdrawals
	  	 	47	  
	 7.1      Hardship Withdrawals
	  	 	47	  
	 7.2      Withdrawals From Employee Profit Sharing Contribution Account
	  	 	48	  
	 7.3      Loans To Participants
	  	 	49	  
	 ARTICLE VIII Top-Heavy Provisions
	  	 	52	  
	 8.1      Top-Heavy Minimum Contributions
	  	 	52	  
	 8.2      Top-Heavy Vesting
	  	 	52	  
	 8.3      Adjustment to Limitation on Benefits
	  	 	52	  
	 8.4      Definitions
	  	 	53	  
	 8.5      Determination of Top Heavy Status
	  	 	54	  
	 8.6      Matching Contributions
	  	 	54	  
	 ARTICLE IX Trustee
	  	 	55	  
	 9.1      Appointment
	  	 	55	  
	 9.2      Removal and Replacement
	  	 	55	  
	 9.3      Changes in Trust Arrangements
	  	 	55	  
	 9.4      Group or Common Trust Funds
	  	 	55	  

  
 iii 

 Table of Contents 

(continued) 
  

							
	 	  	Page	 
	 ARTICLE X Administration of Plan
	  	 	56	  
	 10.1      Allocation of Fiduciary Responsibility
	  	 	56	  
	 10.2      Appointment of Administrator
	  	 	56	  
	 10.3      Power and Duties
	  	 	57	  
	 10.4      Effect of Interpretation or Determination
	  	 	58	  
	 10.5      Nondiscriminatory Exercise of Authority
	  	 	58	  
	 10.6      Named Fiduciary
	  	 	58	  
	 10.7      Indemnification
	  	 	58	  
	 10.8      Examination of Records
	  	 	58	  
	 10.9      Claims and Review Procedures.
	  	 	58	  
	 10.10    Membership of Investment Committee
	  	 	59	  
	 10.11    Action by Investment Committee
	  	 	59	  
	 10.12    Investment Instructions
	  	 	60	  
	 10.13    Nondiscrimination and Standard of Care
	  	 	60	  
	 10.14    Payment of Expenses
	  	 	60	  
	 10.15    Compensation and Indemnification
	  	 	60	  
	 ARTICLE XI Amendment and Termination
	  	 	61	  
	 11.1      Amendment
	  	 	61	  
	 11.2      Termination
	  	 	62	  
	 11.3      Termination in Event of Certain Changes in Ownership of the Company
	  	 	62	  
	 11.4      Notices with Respect to Termination
	  	 	63	  
	 ARTICLE XII Miscellaneous Provisions
	  	 	64	  
	 12.1      Participant and Employee Rights
	  	 	64	  
	 12.2      Exclusive Benefit
	  	 	64	  
	 12.3      Release by Participants
	  	 	64	  
	 12.4      Merger
	  	 	64	  
	 12.5      Governing Law
	  	 	64	  

  
 ivExhibit 10.6

 Exhibit 10.6 

MacDERMID, INCORPORATED 

EMPLOYEES’ PENSION PLAN 
 (As
amended and restated generally effective January 1, 2009) 
  
  

Table of Contents 
  

					
	 	  	Page	 
	 ARTICLE I Preamble
	  	 	4	 
	 ARTICLE II Definitions
	  	 	4	 
	 2.1      Accrued Benefit
	  	 	4	 
	 2.2      Actuarial Equivalent
	  	 	4	 
	 2.3      Actuary
	  	 	6	 
	 2.4      Administrator
	  	 	6	 
	 2.5      Affiliated Company
	  	 	6	 
	 2.6      Annuity Starting Date
	  	 	6	 
	 2.7      Approved Leave
	  	 	7	 
	 2.8      Average Monthly Compensation
	  	 	7	 
	 2.9      Board of Directors
	  	 	7	 
	 2.10    Break in Service
	  	 	7	 
	 2.11    Code
	  	 	7	 
	 2.12    Company
	  	 	7	 
	 2.13    Compensation
	  	 	7	 
	 2.14    Continuous Employment
	  	 	9	 
	 2.15    Covered Compensation
	  	 	9	 
	 2.16    Credited Service
	  	 	9	 
	 2.17    Disability
	  	 	10	  
	 2.18    Early Retirement Date
	  	 	11	  
	 2.19    Effective Date
	  	 	11	  
	 2.20    Employee
	  	 	11	  
	 2.21    ERISA
	  	 	11	  
	 2.22    Final Average Compensation
	  	 	11	  
	 2.23    Frozen Actuarial Equivalent Value
	  	 	12	  
	 2.24    Highly Compensated Employee
	  	 	12	  
	 2.25    Hours of Service
	  	 	12	  
	 2.26    Normal Retirement Date
	  	 	15	 
	 2.27    Participant
	  	 	16	 
	 2.28    Plan
	  	 	16	 
	 2.29    Plan Year
	  	 	16	 
	 2.30    Primary Social Security Benefit
	  	 	16	 
	 2.31    Prior Plan
	  	 	17	 
	 2.32    Taxable Wage Base
	  	 	17	 
	 2.33    Trust
	  	 	17	 
	 2.34    Trust Agreement
	  	 	17	 
	 2.35    Trust Fund
	  	 	17	 
	 2.36    Trustee
	  	 	17	 
	 2.37    Year of Service
	  	 	18	 

  
 i 

 Table of Contents 

(continued) 
  

					
	 	  	Page	 
	 ARTICLE III Eligibility and Participation
	  	 	19	 
	 3.1      Eligibility
	  	 	19	 
	 3.2      Termination of Participation
	  	 	19	 
	 3.3      Reemployment After Termination of Participation
	  	 	20	 
	 3.4      Prior Plan Provisions to Apply to Certain Persons
	  	 	20	 
	 ARTICLE IV Contributions
	  	 	20	 
	 4.1      Participant Contributions
	  	 	20	 
	 4.2      Company Contributions
	  	 	20	 
	 4.3      Limited Return of Contributions
	  	 	20	 
	 ARTICLE V Retirement
	  	 	20	 
	 5.1      Retirement at Normal Retirement Date
	  	 	20	 
	 5.2      Early Retirement
	  	 	21	 
	 5.3      Disability Retirement
	  	 	21	 
	 5.4      Late Retirement
	  	 	21	 
	 ARTICLE VI Benefits
	  	 	21	 
	 6.1      Normal Retirement Benefit
	  	 	21	 
	 6.2      Early Retirement Benefit
	  	 	21	 
	 6.3      Disability Retirement
	  	 	22	 
	 6.4      Late Retirement Benefit
	  	 	23	 
	 6.5      Supplemental Retirement Benefit
	  	 	23	 
	 6.6      Death Benefits
	  	 	23	 
	 6.7      Termination of Employment
	  	 	24	 
	 6.8      Form of Benefits
	  	 	24	 
	 6.9      Election Not to Take Joint and Survivor Annuity
	  	 	25	 
	 6.10    Spousal Consent
	  	 	26	 
	 6.11    Cash-Outs of Certain Benefits
	  	 	26	 
	 6.12    Repayment of Distributions
	  	 	27	 
	 6.13    Direct Rollover
	  	 	27	 
	 6.14    Change of Vesting Schedule
	  	 	28	 
	 6.15    Immediate Distributions
	  	 	28	 
	 6.16    Required Distributions
	  	 	29	 
	 6.17    Required Minimum Distributions
	  	 	29	 
	 6.18    Latest Commencement Date of Benefits
	  	 	29	 
	 6.19    General Limitations on Benefits.
	  	 	31	 
	 6.20    Limitations Applicable to Certain Employees and Former Employees
	  	 	33	 
	 6.21    Transitional Rule for Certain Accrued Benefits
	  	 	34	 
	 6.22    Nonalienation of Benefits
	  	 	35	 
	 6.23    Distributions Required by a Qualified Relations Order
	  	 	36	 

  
 ii 

 Table of Contents 

(continued) 
  

					
	 	  	Page	 
	 6.24    No Vested Rights
	  	 	36	 
	 6.25    Incapacity of Payee
	  	 	36	 
	 6.26    Inability to Locate Participant or Beneficiary
	  	 	37	 
	 ARTICLE VII Top Heavy Provisions
	  	 	37	 
	 7.1      Top Heavy Minimum Benefits
	  	 	37	 
	 7.2      Special Vesting
	  	 	37	 
	 7.3      Definitions
	  	 	38	 
	 7.4      Determination of Top Heavy Status
	  	 	39	 
	 ARTICLE VIII Funding of Plan
	  	 	40	 
	 8.1      Description of Trustee
	  	 	40	 
	 8.2      Funding Policy and Method
	  	 	40	 
	 ARTICLE IX Administration of Plan
	  	 	40	 
	 9.1      Appointment of Administrator
	  	 	40	 
	 9.2      Duties
	  	 	41	 
	 9.3      Effect of Interpretation or Determination
	  	 	42	 
	 9.4      Nondiscriminatory Exercise of Authority
	  	 	42	 
	 9.5      Named Fiduciary
	  	 	42	 
	 9.6      Indemnification
	  	 	42	 
	 9.7      Examination of Records
	  	 	42	 
	 9.8      Claims and Review Procedures
	  	 	42	 
	 ARTICLE X Amendment and Termination
	  	 	43	 
	 10.1    Amendment
	  	 	43	 
	 10.2    Termination
	  	 	43	 
	 10.3    Notices With Respect to Termination
	  	 	44	 
	 10.4    Termination in Event of Certain Changes in Ownership of the Company
	  	 	44	 
	 ARTICLE XI Miscellaneous Provisions
	  	 	45	 
	 11.1    Participant and Employee Rights
	  	 	45	 
	 11.2    Exclusive Benefit of Participants
	  	 	45	 
	 11.3    Release by Participants
	  	 	45	 
	 11.4    Merger
	  	 	46	 
	 11.5    Governing Law
	  	 	46	 

  
 iii 

 ARTICLE I 

Preamble 
 The purpose of
MacDermid, Incorporated in establishing the MacDermid, Incorporated Employees’ Pension Plan is to provide eligible employees with basic retirement income, in addition to such income from any other plan which the company or an affiliated company
may maintain. 
 In connection with and as part of the plan a trust was established by an agreement dated March 31, 1977. Other
trustees may be appointed, if deemed appropriate, to act as co-trustees with the trustee under the above agreement or as the trustee or co-trustee under a separate agreement (collectively, the “Trustee”). 

The plan was initially adopted on March 15, 1977, effective as of April 1, 1976. The Plan periodically has been amended and
restated, among other things, to comply with the provisions of Uruguay Round Agreements Act of 1994, the Uniformed Service Employment and Reemployment Rights Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of
1997, the Internal Revenue Service Restructuring and Reform Act of 1998, the Community Renewal Tax Relief Act of 2000, the Economic Growth and Tax Relief Reconciliation Act of 2001, the Pension Protection Act of 2006 and regulations thereunder. 

The Plan was most recently amended and restated as hereinafter set forth January 1, 2009, unless specifically stated otherwise. 

The Plan, as contained herein, and Trust are intended to meet the requirements of Sections 401(a) and 501(a) of the Code. 

ARTICLE II 
 Definitions

 Wherever used in this instrument: 

2.1 “Accrued Benefit” means the amount determined in accordance with Section 6.1 for a benefit commencing at Normal Retirement
Date, based on the Participant’s Average Monthly Compensation, Covered Compensation, Final Average Compensation and Credited Service as of the date of determination. 

2.2 “Actuarial Equivalent” means the equality in value of the aggregate amounts expected to be received under different forms of
payment determined in accordance with this Section 2.2. 
  

	 	(a)	Except as otherwise provided, Actuarial Equivalent shall be determined based on the following actuarial assumptions: (i) Interest: 7% per annum; and (ii) Mortality: 1984 Unisex Pension Mortality Table
with mortality rates set back three years for beneficiaries; 

  
 - 4 - 

	 	(b)	Notwithstanding any other provision of the Plan, for Plan Years beginning on or after January 1, 1996, for purposes of determining the amount of a distribution in a form other than an annual benefit that is
nondecreasing for the life of the Participant or, in the case of a qualified pre-retirement survivor, the life of the Participant’s spouse; or that decreases during the life of the Participant merely because of the death of the surviving
annuitant (but only if the reduction is to a level not below 50% of the annual benefit payable before the death of the surviving annuitant) or merely because of the cessation or reduction of Social Security supplements or qualified disability
payments, Actuarial Equivalent will be determined on the basis of the applicable mortality table and applicable interest rate under Section 417(e) of the Code, subject to the requirements of Section 6.19 of the Plan. For purposes of the
preceding sentence, (i) the applicable interest rate is the rate of interest on 30-year Treasury securities as specified by the Commissioner for the month of November of the calendar year prior to the calendar year in which the distribution
occurs, and (ii) the applicable mortality table is the blended 1983 Group Annuity Mortality Table (as prescribed by Internal Revenue Service in Revenue Ruling 95-6, or its successor rulings or guidance). For purposes of the time for determining
the applicable interest rate, the stability period under the Plan is one calendar year. The lookback month, relating to the stability period under the Plan is the second calendar month preceding the first day of the stability period. A Plan
amendment that changes the date for determining the applicable interest rate (including an indirect change as a result of a change in Plan Year), shall not be given effect with respect to any distribution during the period ending one year after the
later of the amendment’s effective date or adoption date, if, during such period and as a result of such amendment, the Participant’s distribution would be reduced. 

 

	 	(c)	Notwithstanding any other provision of the Plan, for Plan Years beginning on or after January 1, 2008, the applicable interest rate means the adjusted first, second, and third segment rates for the applicable
period applied under rules similar to the rules of Section 430(h)(2)(C) of the Code for the month before the date of the distribution (or such other time as the Treasury Secretary may by regulations prescribe), but in no event earlier than the
first month of the Plan Year in which the distribution occurs. For purposes of the preceding sentence, the adjusted first, second, and third segment rates are the first, second and third segment rates which would be determined under
Section 403(h)(2)(C) of the Code if: 

  

	 	(i)	Section 430(h)(2)(D) of the Code were applied by substituting the average yields for the month described in clause (ii) hereof for the average yields for the 24-month period described in such
Section 430(h)(2)(D), 

  
 - 5 - 

	 	(ii)	Section 430(h)(2)(G)(i)(II) were applied by substituting “Section 417(e)(3)(A)(ii)(II)” for “Section 412(b)(5)(B)(ii)(II)”, 

 

	 	(iii)	the applicable percentage under Section 430(h)(2)(G) of the Code were: (a) in the case of the Plan Year beginning on January 1, 2008, twenty (20%) percent; (b) in the case of the Plan Year
beginning on January 1, 2009, forty (40%) percent; (c) in the case of the Plan Year beginning on January 1, 2010, sixty (60%) percent; and (d) in the case of the Plan Year beginning on January 1, 2011, eighty
(80%) percent, and 

  

	 	(iv)	the term “applicable period” means November of the Plan Year immediately preceding the Plan Year with respect to which the applicable interest rate is to be determined. 

Notwithstanding any other provision of the Plan, for purposes of the adjusting any benefit under Section 415(b)(2)(B) of the Code for any
form of benefit subject to Section 417(e)(3) of the Code, the interest rate assumption shall not be less than the greatest of (I) 5.5 %, (II) the rate that provides a benefit of not more than 105 % of the benefit that would be
provided if the applicable interest rate (as described in Section 417(e)(3) of the Code) were the interest rate assumption or (III) or such other rate as may be specified under the Plan from time to time. 

2.3 “Actuary” means the individual actuary or firm of actuaries selected by the Administrator to provide actuarial services in
connection with the administration of the Plan. 
 2.4 “Administrator” means the person appointed pursuant to Article IX to
administer the Plan. 
 2.5 “Affiliated Company” means (a) any corporation (other than the Company) which is a member of a
controlled group of corporations (as defined in Section 414(b) of the Code) with the Company; (b) any trade or business (other than the Company), whether or not incorporated, which is under common control (as defined in Section 414(c)
of the Code) with the Company; (c) any trade or business (other than the Company) which is a member of an affiliated service group (as defined in Section 414(m) of the Code) of which the Company is also a member; or (d) any entity
(other than the Company) required to be aggregated with the Company pursuant to regulations issued under Section 414(o) of the Code; provided, that the term “Affiliated Company” shall not include any corporation, unincorporated
trade or business or other entity prior to the date on which such corporation, trade or business or entity satisfies the affiliation or control test of (a), (b), (c) or (d) above. In identifying “Affiliated Companies” for
purposes of Section 6.19(a), the definitions in Sections 414(b) and (c) of the Code will be modified as provided in Section 415(h) of the Code. 

2.6 “Annuity Starting Date” means, for any Participant, (a) the first day of the first period for which a benefit is payable to
the Participant under the Plan as an annuity, or (b) in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitle the Participant to such benefit. 

  
 - 6 - 

 2.7 “Approved Leave” means a leave of absence authorized by the Company under the
Company’s standard personnel practices; provided, that all persons under similar circumstances must be treated alike in the granting of such Approved Leaves; and provided further, that the Participant returns within the period
specified in the Approved Leave. 
 2.8 “Average Monthly Compensation” means the amount obtained by dividing by 60 the total
Compensation of a Participant (a) for Plan Years beginning on or after April 1, 1995, during the five consecutive Plan Years in which Compensation was highest and (b) for Plan Years beginning prior to April 1, 1995, during the
five Plan Years in which Compensation was highest, in either case, within the last ten Plan Years of the Participant’s Credited Service; provided, however, that if a Participant has a Break in Service during such ten year period, the rules
described in Treasury Regulation Section 1.415 (b)-1 (a)(5)(iii) shall apply in order to determine the five years during which such Participant’s Compensation was highest. 

2.9 “Board of Directors” means the Board of Directors of MacDermid, Incorporated. 

2.10 “Break in Service” means one or more consecutive One Year Breaks in Service. The term “One Year Break in Service”
means, with respect to any person, a Plan Year during which the person does not complete 500 or more Hours of Service, except as otherwise provided herein. An Approved Leave shall not constitute a Break in Service but shall also not be considered as
Credited Service or as a Year of Service under the Plan. 
 2.11 “Code” means the Internal Revenue Code of 1986, as from time to
time amended. 
 2.12 “Company” means MacDermid, Incorporated, a corporation organized and existing under the laws of the State of
Connecticut, and any Affiliated Company which adopts the Plan with the consent of MacDermid, Incorporated. 
 2.13 “Compensation”
means, with respect to any Employee for a Limitation Year, 
  

	 	(a)	During Employment. For purposes of Sections 2.24, 6.19(b) and 7.3, for any Employee, while such Employee is currently employed by the Company, the Employee’s wages, salaries, fees for professional services
and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the Company to the extent that the amounts are includable in gross income (or to the
extent that the amounts would have been received and includible in gross income but for an election under Sections 125(a), 132(f)(4), 401(k), 402(e)(3), 402(h)(1)(B)), 402(k) or 

  
 - 7 - 

	 	457(b) of the Code, including but not limited to commissions paid to salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits,
reimbursements, expense allowances, and any amounts includible in an Employee’s gross income under Section 409A, but not including any items excludable from the definition of compensation under Treasury Regulations,
Section 1.415(c)-2(d)(3). 

  

	 	(b)	Post-Severance. For purposes of Sections 2.24, 6.19(b) and 7.3, for any Employee, after such Employee has separated from service with the Company: 

 

	 	(i)	Payments Made Within 2 1⁄2 Months from Separation from Service. Amounts described in paragraph (a) above, that are
paid (1) within two and one half months of the Employee’s separation from service or (2) at the end of the limitation year that included the Employee’s date of separation from service; 

 

	 	(ii)	Regular Wages Pages After Separation from Service. Payments of regular compensation for services during an Employee’s regular working hours, or compensation for services outside of an Employee’s regular
working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments that would have been paid to the employee prior to a severance from employment if such Employee had continued to be employed by the Company;

  

	 	(iii)	Leave Cashouts and Deferred Compensation. Payments for unused accrued bona fide sick, vacation, or other leave, but only if an Employee would have been able to use the leave if such Employee had continued to be
employed by the Company or amounts received by an Employee pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid to such Employee at the same time if such Employee had continued to be employed
by the Company and only to the extent such amount is includible in such Employee’s gross income; 

  

	 	(iv)	Salary Continuation Payments for Military Service and Disabled Participants. Payments to a Participant who is no longer an Employee because of qualified military service (as defined in Section 414(u)(l) of
the Code) or permanent and total disability (as defined in Section 22(e)(3) of the Code) that are not in excess of the amounts such Participant would have received if such Participant had continued to be employed by the Company.

  
 - 8 - 

 For all other purposes under the Plan, for any Employee, the Employee’s total compensation
which is reportable as income subject to federal income tax withholding paid to the Employee during the Plan Year or which would have been so paid if not deferred by the Employee’s election under any cafeteria plan maintained by the Company.

 Consistent with Section 401(a)(17) of the Code, the Compensation of each Participant for any Plan Year shall be limited to $200,000
(as adjusted from time to time by the Secretary of the Treasury or his delegate). 
 2.14 “Continuous Employment” means the
aggregate regular and customary employment by the Company for a period of one or more complete Plan Years, including periods of Approved Leave, and shall include all complete Plan Years of employment whether continuous or interrupted. If an Employee
is absent solely because of his sickness or disability he shall be deemed an eligible Employee continuously employed during such period as the Company continues him on its payroll, but he shall not be deemed an eligible Employee or continuously
employed during such absence after such period unless absent on Approved Leave. An Employee absent on military leave shall be deemed to have been continuously employed during the period of such absence. Notwithstanding any provision of this Plan to
the contrary, effective December 12, 1994, service credit for qualified military service will be granted in accordance with Section 414(a) of the Code. 

2.15 “Covered Compensation” means, for any Employee, the average of the Taxable Wage Bases in effect for each calendar year during
the 35-year period ending with the last day of the calendar year in which the Employee attains Social Security retirement age, as determined under Section 415(b)(8) of the Code. 

2.16 “Credited Service” means, with respect to any person, the number of Plan Years during which such person has completed at least
1,000 Hours of Service with the Company; provided, however, that: 
  

	 	(a)	Notwithstanding any other provisions of this Section 2.16, for any Participant, the last period of Continuous Employment with the Company prior to April 1, 1976 shall be counted as Credited Service.

  

	 	(b)	Solely for the purpose of determining the amount of benefits payable to or on behalf of a Participant under Article VI, a Participant shall accrue a pro rata portion of a year of Credited Service for: 

 

	 	(i)	any partial Plan Year during which a Participant’s date of employment or reemployment (in the event the Participant incurred a Break in Service) with the Company occurs, 

 

	 	(ii)	any partial Plan Year during which a Participant’s termination of employment with the Company for any reason occurs, unless the Participant is reemployed prior to incurring a Break in Service, and

  
 - 9 - 

	 	(iii)	any Plan Year during which a Participant incurs a Break in Service without terminating his employment with the Company. 

Such pro rata portion of a year of Credited Service shall be determined by dividing by 350 the number of consecutive days (up to a maximum of
350 days) including or between the first and last Hour of Service (excluding any period during which the Participant did not actively work on a regular basis) credited to the Participant during the period specified in (i), (ii) or
(iii) above. 
  

	 	(c)	In the case of any person who does not have any nonforfeitable right to a benefit derived from Company contributions, years of Credited Service prior to any Break in Service shall not be taken into account if the number
of consecutive One Year Breaks in Service is five or more. The aggregate number of years of Credited Service prior to such Break in Service shall be deemed not to include any years of Credited Service not required to be taken into account under this
paragraph by reason of any prior Break in Service. 

  

	 	(d)	With respect to each Transferred Hercules Employee, such Employee’s years of service for benefit accrual purposes as credited by Hercules, Incorporated under the Hercules Pension Plan as of his date of employment
with MacDermid Imaging Technology, Inc. shall be treated as years of Credited Service under this Section 2.16. 

  

	 	(e)	With respect to each Transferred National Starch Employee, such Employee’s years of service for benefit accrual purposes as credited by National Starch and Chemical Company under the National Starch and Chemical
Company Pension Plan as of his date of employment with MacDermid, Incorporated shall be treated as years of Credited Service under this Section 2.16. 

  

	 	(f)	Notwithstanding any provision of this Plan to the contrary, effective December 12, 1994, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with
Section 414(u) of the Code. 

 2.17 “Disability” means a physical or mental condition which totally and
permanently prevents a Participant from engaging in any substantially gainful activity and is expected to result in death or to be of continued duration of at least 12 months, and which either (a) qualifies the Participant for disability
benefits under the Social Security Act, or (b) is found to be such a total and permanent disability by the Administrator on the basis of medical evidence satisfactory to him; provided, however, that no Participant shall be deemed
to be totally and permanently disabled under this Section if his incapacity was contracted, suffered or incurred while he was engaged in a criminal enterprise or in service in the armed forces of any country. 

  
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 2.18 “Early Retirement Date” means the date a Participant terminates employment after
becoming eligible for Early Retirement in accordance with Section 5.2. 
 2.19 “Effective Date” means January 1, 2009.
The original effective date of the Plan was April 1, 1976. 
 2.20 “Employee” means any person between whom and the Company
or an Affiliated Company there exists the common law relationship of employee and employer and who is receiving remuneration for personal services rendered to the Company or an Affiliated Company, including any Employee who is also an officer or
director of the Company or an Affiliated Company, but excluding (a) any officer or director not otherwise employed by the Company or an Affiliated Company, (b) any person who merely receives from the Company or an Affiliated Company or the
Trust a retirement allowance or benefit, retainer or fee under contract but who is not otherwise an Employee of the Company or an Affiliated Company, (c) any employee who, by virtue of a general bargaining obligation, agreement or good faith
impasse between the Company or an Affiliated Company and a labor organization which the Company or the Affiliated Company is legally obligated to recognize as such employee’s exclusive bargaining representative, is precluded from participation
in the Plan, and (d) any person who is a nonresident alien and who receives no earned income from the Company or an Affiliated Company which constitutes income from sources within the United States (within the meaning of Section 861(a)(3)
of the Code). Any person who is a “leased employee,” within the meaning of Section 414(n) of the Code, and any person required to be considered an employee pursuant to regulations under Section 414(o) of the Code, shall be
considered an employee to the extent required under such Section; provided, that no such person shall be eligible to become a Participant until he is actually employed by the Company. 

Notwithstanding the foregoing, with respect to each person who immediately prior to the decertification, effective on or about July 27,
1984, of the Cylinder Gas, Chemical, Petroleum, Auto Service and Accessory Drivers, Maintenance, Mechanics, Helpers and Inside Employees Local Union No. 283 were members thereof (and not Employees pursuant to (c) above), but immediately
after such decertification became Employees, each such person shall be deemed an Employee of the Company for the period of such person’s employment with the Company prior to such decertification. 

2.21 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

2.22 “Final Average Compensation” means the average of the Employee’s Compensation (or, in the case of the short Plan Year
ending December 31, 2001, the Employee’s actual Compensation for such Plan Year multiplied by one and one-third) for the three consecutive full Plan Years preceding the date of determination. Compensation for each Plan Year shall be
limited to the Taxable Wage Base in effect for such year. 

  
 - 11 - 

 2.23 “Frozen Actuarial Equivalent Value” means the value of the balance of each
Participant’s accounts attributable to employer contributions (a) as of March 31, 1976 under the MacDermid Incorporated Employees’ Profit Sharing Plan and the American Industrial Linings, Inc. Employees’ Profit Sharing Plan
and (b) as of March 31, 1984 under the MacDermid, Incorporated Ferndale Employees’ Profit Sharing Plan, in either case, increased by withdrawals and distributions made prior to such date and reduced by forfeitures, if any, of amounts
in such accounts occurring after such date, projected to the Participant’s Normal Retirement Date, using an interest rate of 5 1/2 percent, compounded annually, and converted to a life annuity. 

2.24 “Highly Compensated Employee” means an Employee who (a) was a 5-percent owner, as defined in Section 416(i)(l) of the
Code, of the Company, at any time during the Plan Year or the preceding Plan Year, or (b) for the preceding Plan Year received Compensation from the Company in excess of $80,000 (adjusted as provided in Section 415(d) of the Code), and, if
the Company elects the operation of the remainder of this sentence, was in the top paid group of all Employees of the Company on the basis of Compensation for such preceding Plan Year. For this purpose, the applicable year of the Plan for which a
determination is being made is called a determination year and the preceding 12-month period is called a look-back year. A Highly Compensated former Employee is based on the rules applicable to determining Highly Compensation Employee status as in
effect for that determination year, in accordance with Section 1.414(g)-lT, A-4 of the temporary Income Tax Regulations and I.R.S. Notice 97-45. In determining whether an Employee is a Highly Compensated Employee for years beginning in 1997,
the amendments to Section 414(g) of the Code stated above are treated as having been in effect for years beginning in 1996. 
 2.25
“Hours of Service” means for any Employee during any period of time: 
  

	 	(a)	Each hour for which the Employee is directly or indirectly paid, or entitled to payment, for the performance of duties for the Company or an Affiliated Company, each such hour being credited to the Employee for the
computation period in which such duties were performed. 

  
 - 12 - 

	 	(b)	     

  

	 	(i)	Each hour for which the Employee is directly or indirectly paid, or entitled to payment, on account of any of the following periods during which no duties are performed, the number of such hours and the computation
periods to which such hours are to be credited being determined as provided in subparagraph (b)(ii); provided, however, that no more than 501 Hours of Service shall be credited under this paragraph (b) to any person on account of
any single continuous period during which he performs no duties; and further provided, that Hours of Service shall not be credited under this paragraph (b) for a payment which solely reimburses the Employee for medically related expenses
incurred by the Employee, or which is made or due under a plan maintained solely for the purpose of complying with applicable worker’s compensation, unemployment compensation or disability insurance laws: 

 

	 	(1)	Periods of time during which the Employee has been excused from work by the Company or an Affiliated Company by reason of vacation, holiday, illness, incapacity (including disability), layoff or jury duty;
provided, that in the event that such person fails to return to work upon the expiration of the period for which he has been so excused, his employment shall be deemed to terminate upon such expiration. 

 

	 	(2)	Periods of Approved Leave authorized in writing by the Company; provided, that in the event the Employee fails to return to the active employ of the Company upon the expiration of the period of such Approved
Leave his employment shall be deemed to terminate upon such expiration. 

  

	 	(ii)	     

  

	 	(1)	In the case of a payment made or due which is calculated on the basis of units of time, the number of Hours of Service to be credited shall be the number of regularly scheduled working hours included in the units of
time on the basis of which the payment is calculated. Such hours shall be credited to the computation period in which the period during which no duties are performed occurs, beginning with the first unit of time to which the payment relates.

  

	 	(2)	In the case of a payment made or due which is not calculated on the basis of units of time, the number of Hours of Service to be credited shall be equal to the amount of the payment divided by the person’s most
recent hourly rate of compensation before the period during which no duties are performed. For purposes of this subparagraph (b)(ii)(B), a person’s most recent hourly rate of compensation shall be (1) if his compensation is determined on
the basis of an hourly rate, his most recent hourly rate of compensation, (2) if his compensation is determined on the basis of a fixed rate for specified periods of time (other than hours), his most recent rate of compensation for such
specified period of time divided by the number of hours regularly scheduled for the performance of duties during such period of time, and (3) if his compensation is not determined on the basis of a fixed rate for specified periods of time, the
lowest hourly rate of compensation paid to employees in the same job classification as his, or if no employees in the same job 

  
 - 13 - 

	 	
classification have an hourly rate, the minimum wage as established from time to time under Section 6(a)(1) of the Fair Labor Standards Act of 1938, as amended. Any hours to be credited
under this subparagraph (b)(ii)(B) shall be credited to the computation period in which the period during which no duties are performed occurs, or if the period during which no duties are performed extends beyond one computation period, shall be
allocated between not more than the first two computation periods on any reasonable basis which is consistently applied with respect to all employees within the same job classification, reasonably defined. 

 

	 	(iii)	Notwithstanding any of the foregoing provisions of this paragraph (b), a person is not required to be credited hereunder on account of a period during which no duties are performed with a number of Hours of Service
which is greater than the number of hours regularly scheduled for the performance of duties during such period. 

  

	 	(iv)	For purposes of this paragraph (b), in the case of a person without a regular work schedule, such person shall be deemed to have a 40 hour work week. 

 

	 	(c)	To the extent not already credited under paragraph (a) or (b) of this Section, each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or an
Affiliated Company, each such hour being credited to the computation period to which such award or agreement pertains, rather than to the computation period in which the award, agreement or payment is made; provided, that crediting of Hours
of Service under this paragraph (c) with respect to periods described in paragraph (b) shall be subject to the limitations set forth in such paragraph (b). 

 

	 	(d)	To the extent not already described under paragraph (a), (b) or (c) of this Section, each hour as is determined by the Company to be credited for periods covered by leaves of absence authorized by it or an
Affiliated Company; provided, however, that all such determinations shall be uniform and applicable to all persons similarly situated. 

  

	 	(e)	Solely for purposes of determining whether a Break in Service has occurred, with respect to an Employee who furnishes to the Administrator such information as shall be reasonably required to establish that he is absent
from work for maternity or paternity reasons, the number of Hours of Service which would normally have been credited to him during such absence but for such absence (or, if the number of such Hours of Service cannot be determined, eight Hours of
Service for each day of such absence); provided, however, that no more than 501 Hours of Service shall be credited with respect to any such maternity or paternity absence. 

  
 - 14 - 

 For purposes of this paragraph (e), an absence from work for maternity or paternity reasons means
an absence (i) by reason of the pregnancy of the Employee, (ii) by reason of the birth of a child of the Employee, (iii) by reason of the placement of a child with the Employee in connection with the adoption of such child by the
Employee, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement. 
 Hours
of Service credited in accordance with this paragraph (e) shall be credited for the computation period in which the absence begins, if necessary to prevent the Employee from incurring a Break in Service in such period, or if not, in the
following computation period if necessary to prevent such a Break in Service in that period. 
  

	 	(f)	With respect to each employee of Autotype Americas, Inc. as of June 13, 2005 who is actively employed by Autotype Americas, Inc. (or the Company or an Affiliated Company) as of January 1, 2006 and qualifies as
an Employee as of January 1, 2006, such Employee’s hours of service, as credited under the terms of the Autotype Americas, Inc. 401(k) Plan (without regard to any amendments adopted after January 1, 2005); provided,
however, that such service shall be treated as “Hours of Service” solely for purposes of determining such Employee’s eligibility to participate in the Plan under Section 3.1 (or its successors provision(s)) and the
nonforfeitable portion of his or her interest in the Plan. Without limiting the foregoing, in no event shall service with Autotype Americas, Inc. or otherwise prior to the date upon which an individual becomes an Employee be considered for benefit
accrual purposes under the Plan. 

 2.26 “Normal Retirement Date” means the last day of the calendar month
coinciding with or immediately following the date on which the Participant attains age 60; provided, however, that, with respect to benefits that accrue after December 31, 2004, the term ‘Normal Retirement Date’ shall mean the
last day of the calendar month coinciding with or immediately following the date on which the Participant attains age 65. Notwithstanding any provision of the Plan to the contrary, a Participant’s accrued benefit as of December 31, 2004
shall vest not later than such Participant’s attainment of age 60 provided he is then an Employee. 
 2.26A “Offset Amount”
means, with respect to each Transferred Hercules Employee, the amount of benefits payable to such Employee under the Hercules Pension Plan as in effect on November 29, 1995 and amended pursuant to the Human Resources Annex to the Sale and
Purchase Agreement dated as of November 29, 1995 by and among Hercules Incorporated, MacDermid, Incorporated and MacDermid Imaging Technology, Inc.; provided, that the calculation of such amount shall be made in accordance with such
Agreement as of the date benefits become payable to the Employee under the Plan, without regard to whether benefits are then payable under the Hercules Pension Plan. An illustration of the calculation methodology described in this Section is
appended to the Plan as Appendix 2.26A. 

  
 - 15 - 

 2.26B “Offset Amount” means, with respect to each Transferred National Starch Employee,
the amount of benefits payable to such Employee under the National Starch and Chemical Company Pension Plan and the W. R. Grace Pension Plan as in effect on September 29, 1997; provided, that in the event that the National Starch and
Chemical Company Pension Plan is amended to increase the amount of benefits payable to one or more Employees then, to that extent only, such amendment(s) shall be considered for purposes of determining an Employee’s Offset Amount; and
provided, further, that the calculation of an Employee’s Offset Amount shall be made in accordance with the Purchase and Sale Agreement dated as of September 29, 1997 by and among National Starch and Chemical Company and
MacDermid, Incorporated as of the date benefits become payable to the Employee under the Plan, without regard to whether benefits are then payable under the National Starch and Chemical Company Pension Plan or the W.R. Grace Pension Plan. An
illustration of the calculation methodology described in this Section is appended to the Plan as Appendix 2.26B. 
 2.27
“Participant” means an Employee of the Company who is eligible to participate and has become a Participant in the Plan in accordance with Article III. 

2.28 “Plan” means the MacDermid, Incorporated Employees’ Pension Plan, as set forth herein. 

2.29 “Plan Year” or “Limitation Year” means the 12-month period ending on December 31. 

2.30 “Primary Social Security Benefit” means the old age benefit payable to a Participant in accordance with the provisions of the
Social Security Act in effect on a Participant’s last day of employment. The amount of Primary Social Security Benefit, which shall be determined by the Administrator, is the estimated old-age insurance benefit to which the Participant would be
entitled at age 65, or such other age as the unreduced primary Social Security benefit first becomes payable, based on the assumption that he did not receive any income prior to his employment with the Company and will not receive any income after
his termination of employment or retirement date which would be treated as wages for purposes of the Social Security Act. 
 In determining
the Primary Social Security Benefit of an Employee, his covered compensation under the Social Security Act for each year of employment with the Company (a) shall be assumed to be equal to the amount reported by the Company for all years such
amount is available, and (b) shall be his “estimated compensation” for all earlier years, where such “estimated compensation” is determined by applying a 6 percent per year salary scale, projected backwards, to his last
available reported compensation. Notwithstanding the foregoing, in lieu of estimating an Employee’s compensation as aforesaid, an Employee’s actual salary history shall be used instead if it would result in a greater benefit for him under
the Plan and if documentation of such actual salary history is obtained from the Social Security Administration and submitted to the Company by the Employee no later than (i) in the case of a deferred benefit, one year from his termination of
employment, (ii) otherwise, the date his benefit under the Plan commences, or (iii) in any case, such later date as the Company shall determine to be reasonable under the circumstances. 

  
 - 16 - 

 2.31 “Prior Plan” means the MacDermid, Incorporated Employees’ Pension Plan as in
effect from time to time prior to the Effective Date. 
 2.32 “Taxable Wage Base” means, for any year, the contribution and
benefit base under Section 230 of the Social Security Act as in effect for such year. 
 2.32A “Transferred Hercules
Employee” means any individual who became an Employee of MacDermid Imaging Technology, Inc. pursuant to Section 2 of the Human Resources Annex to the Sale and Purchase Agreement dated as of November 29, 1995 by and among Hercules
Incorporated, MacDermid, Incorporated and MacDermid Imaging Technology, Inc. 
 2.32B “Transferred National Starch Employee” means
any individual who became an Employee of MacDermid, Incorporated pursuant to Section 6.1 of the Purchase and Sale Agreement dated September 29, 1997 by and among National Starch and Chemical Company and MacDermid, Incorporated. 

2.32C “Transferred PTI Employee” means any individual who was employed as of December 29, 1999 by Polyfibron Technologies,
Inc., a corporation organized under the laws of the State of Delaware that became a wholly-owned subsidiary of the Company effective generally as of December 29, 1999, (“Polyfibron”) or any of the following subsidiaries of Polyfibron
as of December 29, 1999 (except as otherwise noted): (i) NAPP Systems, Inc., (ii) AXCYL Inc., (iii) as of June 13, 2000, ColorSpan, and (iv) each other U.S.-based, wholly-owned subsidiary of Polyfibron (collectively,
the “Polyfibron Subsidiaries”). 
 2.33 “Trust” means the trust established under the Trust Agreement between the
Company and the Trustee, which constitutes a part of the Plan. 
 2.34 “Trust Agreement” means the agreement or agreements between
the Company and the Trustee establishing the Trust. 
 2.35 “Trust Fund” means the fund, or funds, maintained in accordance with
the terms of the Trust Agreement. 
 2.36 “Trustee” means the corporation or individuals appointed by the Board of Directors of
the Company to administer the Trust under the Trust Agreement. 

  
 - 17 - 

 2.37 “Year of Service” or “Vesting Service” means, with respect to any
Employee, the number of Plan Years in which such Employee has completed at least 1,000 Hours of Service; provided, however, that: 
  

	 	(a)	A partial Plan Year beginning a Participant’s last period of Continuous Employment prior to April 1, 1976 shall be considered a full Year of Service if such partial year began on or before October 31.

  

	 	(b)	In the case of any person who does not have any nonforfeitable right to a benefit derived from Company contributions, Years of Service prior to any Break in Service shall not be taken into account if the number of
consecutive One Year Breaks in Service is five or more. The aggregate number of Years of Service prior to such Break in Service shall be deemed not to include any Years of Service not required to be taken into account under this subsection by reason
of any prior Break in Service. 

  

	 	(c)	With respect to each person who immediately prior to the sale of the assets, effective September 26, 1980, of American Industrial Linings, Inc., a wholly owned subsidiary of MacDermid, Incorporated and a
participating entity in the Prior Plan, was an Employee of the Company and a participant under the Prior Plan, and who immediately thereafter became an employee of the corporation purchasing such assets and also known as American Industrial Linings,
Inc. (the “new American Industrial Linings, Inc.”), each such person’s employment on or after September 26, 1980 with the new American Industrial Linings, Inc. shall be treated as employment with an Affiliated Company for
purposes of this Section 2.37. 

  

	 	(d)	With respect to each Transferred Hercules Employee, such Employee’s years of service as credited by Hercules, Incorporated under the Hercules Pension Plan as of his date of employment with MacDermid Imaging
Technology, Inc. shall be treated as Years of Service under this Section 2.37. 

  

	 	(e)	With respect to each Transferred National Starch Employee, such Employee’s years of service as credited by National Starch under the National Starch and Chemical Company Pension Plan as of his date of employment
with MacDermid, Incorporated shall be treated as Years of Service under this Section 2.37. 

  

	 	(f)	With respect to each Transferred PTI Employee, each hour of employment service provided by such Employee to Polyfibron (including each hour of employment service provided by such Employee to W. R. Grace in connection
with assets that were acquired by Polyfibron from W. R. Grace) and/or one or more of the Polyfibron Subsidiaries on or before December 28, 1999 shall be deemed to be an Hour of Service solely for purposes of determining such Employee’s
Years of Service under this Section 2.37. Without limiting the foregoing, in no event shall any service with Polyfibron or any of the Polyfibron Subsidiaries be credited for any purpose under this Plan, including without limitation, for
purposes of Section 2.16 hereof, other than as set forth in the preceding sentence. 

  
 - 18 - 

	 	(g)	With respect to the Plan Year ending December 31, 2001, each Participant credited with an Hour of Service between April 1, 2001 and December 31, 2001 and who has not separated from covered service prior
to January 1, 2002 shall be credited with one Year of Service for such Plan Year. 

 The masculine gender, where
appearing in the Plan, shall be deemed to include the feminine gender, and the singular shall include the plural, unless the context clearly indicates otherwise. The words “hereof”, “herein”, “hereunder” and other
similar compounds of the word “here” shall mean and refer to the entire Plan, not to any particular provision or Section. 

ARTICLE III 

Eligibility and Participation 

3.1 Eligibility. Each individual who was a participant in the Prior Plan on March 31, 1989 and who is an Employee of the Company
on January 1, 2001 shall become a Participant in the Plan. Any other Employee of the Company shall become a Participant as of the April 1 nearest the date on which he (a) attains the age of 21 years and (b) completes a 12
consecutive month period of employment during which he has 1,000 Hours of Service, provided, that he is then an Employee of the Company; and provided further, that effective April 1, 2001, any Employee of the Company not described
in the first sentence of this Section 3.1, shall become a Participant as of the January 1 nearest the date on which he (a) attains the age of 18 years and (b) completes a 12 consecutive month period of employment during which he
has 1,000 Hours of Service, provided, that he is then an Employee of the Company. The 12-month period shall be (i) the 12-month period commencing on the day the Employee completed his first Hour of Service or (ii) any Plan Year
commencing thereafter. 
 Notwithstanding any other provision of the Plan, Employees who became Employees as the result of a Code
Section 410(b)(6)(C) transaction will be excluded during the period beginning on the date of the transaction and ending on the last day of the first Plan Year beginning after the date of the transaction. For this purpose, a Code
Section 410(b)(6)(C) transaction is an asset or stock acquisition, merger, or similar transaction involving a change in the employer of the employees of a trade or business. 

3.2 Termination of Participation. A Participant will continue to be a Participant as long as he remains an Employee of the Company and
will cease to be a Participant on the first to occur of the following events: 
  

	 	(a)	his retirement at or after his Normal Retirement Date in accordance with Section 5.1 or 5.4; 

  

	 	(b)	his early retirement in accordance with Section 5.2; 

  

	 	(c)	his retirement for disability in accordance with Section 5.3; 

  

	 	(d)	his death; 

  

	 	(e)	the termination of his employment with the Company for reasons other than retirement or death; and 

  
 - 19 - 

	 	(f)	the termination of the Plan. 

 3.3 Reemployment After Termination of Participation. Each
former Participant who is reemployed by the Company shall again become a Participant as of the date on which he first performs an Hour of Service as an Employee of the Company. Any benefits being paid to the Participant shall be suspended during the
period of his reemployment in accordance with Section 203(a) of ERISA and Department of Labor Regulations thereunder. The retirement benefit subsequently payable shall be the benefit computed in accordance with the applicable provisions of
Article VI, reduced by the Actuarial Equivalent of any payments previously made. 
 3.4 Prior Plan Provisions to Apply to Certain
Persons. The provisions of the Plan as contained herein shall apply only to Employees who terminate employment or participation in the Plan on or after the Effective Date. The rights and benefits, if any, of each other Employee shall be
determined in accordance with the provisions of the Prior Plan in effect on the date such Employee terminates his employment or participation. 

ARTICLE IV 

Contributions 
 4.1
Participant Contributions. No Participant shall be required or permitted to make any contributions to the Plan. 
 4.2 Company
Contributions. All contributions necessary to provide the benefits under the Plan shall be made by the Company. Such Company contributions shall be made to the Trustee from time to time in amounts sufficient for the operation of the Plan on a
sound actuarial basis, as determined on the basis of periodic computations made by the Actuary. The contributions by the Company for any Plan Year shall be paid over to the Trust Fund within the period, including any extensions, prescribed by law
for filing the Federal income tax return of the Company for the fiscal year ending with, or within which ends, the Plan Year. All such contributions are hereby conditioned on their deductibility under Section 404 of the Code, 

4.3 Limited Return of Contributions. Notwithstanding anything herein to the contrary, any contribution which is made by the Company
under a mistake of fact, or which was conditioned upon the deductibility of such contribution under Section 404 of the Code, but the deduction of which is disallowed or treated as disallowed, shall upon the request of the Company be returned to
it within one year following the payment of such contribution or the disallowance of such deduction (to the extent disallowed), whichever is applicable. 

ARTICLE V 
 Retirement

 5.1 Retirement at Normal Retirement Date. A Participant may retire from the employ of the Company and the Affiliated Companies
as of his Normal Retirement Date. In that event, the Participant will be entitled to receive a benefit in the amount, and commencing at the time, specified in Section 6.1. 

  
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 5.2 Early Retirement. A Participant who has attained age 55 while an Employee and
completed five or more Years of Service may elect to retire before his Normal Retirement Date. In that event, the Participant will be entitled to receive a benefit in the amount, and commencing at the time, specified in Section 6.2. Each
Participant who remains an Employee until he reaches age 55 will have a fully vested and nonforfeitable interest in his benefit under the Plan. 

5.3 Disability Retirement. A Participant who has completed five or more Years of Service and who incurs a Disability may apply to the
Administrator for retirement within nine months of the date the Disability was incurred. Such a Participant will be entitled to a benefit in the amount specified, and in accordance with the provisions of, Section 6.3. 

5.4 Late Retirement. A Participant who remains an Employee after his Normal Retirement Date will be entitled to receive a benefit in
the amount, and commencing at the time, specified in Section 6.4. 
 ARTICLE VI 

Benefits 
 6.1 Normal
Retirement Benefit. 
  

	 	(a)	Each Participant who retires at his Normal Retirement Date will be entitled to a monthly amount of benefit, payable as provided in Section 6.8, equal to (a) 1 1/2 percent of the Participant’s Average
Monthly Compensation, less (b) .45 percent of the lesser of (i) his monthly Covered Compensation or (ii) his monthly Final Average Compensation, for each year of Credited Service up to 30 years, less (c) the Frozen Actuarial
Equivalent Value of his account and the Offset Amount, as applicable to the Participant. The benefit of any Participant who incurs a Break in Service which results in a loss of Credited Service shall be determined without subtracting the Frozen
Actuarial Equivalent Value of his account. Notwithstanding the foregoing, a Participant’s benefit shall not be less than his Accrued Benefit as of March 31, 1995 or, if greater, December 31, 2004. 

 

	 	(b)	Each Participant as of December 31, 2004 who retires on or after attaining age 60 shall be entitled to receive a monthly benefit determined in accordance with Section 6.1(a); provided, however, that
such benefit shall be determined without regard to Credited Service after December 31, 2004. 

 6.2 Early Retirement
Benefit. 
  

	 	(a)	Each Participant who, prior to January 1, 2005, retires early in accordance with Section 5.2 will be entitled to receive a monthly amount of benefit equal to his Accrued Benefit, payable as provided in
Section 6.8, commencing on his Normal Retirement Date. Such Participant may, however, elect to receive a reduced amount of benefit commencing on the date of his early retirement or the first day of any month thereafter, but prior to his Normal
Retirement Date. In that event, the monthly amount of benefit payable to a Participant described in this Section 6.2(a) will be the amount of retirement benefit to which he would otherwise be entitled commencing on his Normal Retirement Date
reduced by 1/2 percent for each month by which his Annuity Starting Date precedes his Normal Retirement Date. 

  
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	 	(b)	Each Participant who, after December 31, 2004, retires early in accordance with Section 5.2 will be entitled to receive a monthly amount of benefit equal to his Accrued Benefit, payable as provided in
Section 6.8, commencing on his Normal Retirement Date. Such Participant may, however, elect to receive a reduced amount of benefit commencing on the date of his early retirement or the first day of any month thereafter, but prior to his Normal
Retirement Date. In that event, the monthly amount of benefit payable to a Participant described in this Section 6.2(b) will be the sum of the following (1) and (2): 

 

	 	(i)	the monthly amount that such Participant would be entitled to under Section 6.2(a) had he retired as of December 31, 2004 and elected to receive an early retirement benefit thereunder, provided however,
that for purposes of computing such benefit, the Participant’s Average Monthly Compensation and Final Average Compensation shall be determined as of his actual retirement date, and 

 

	 	(ii)	the monthly amount that such Participant would be entitled to commencing on his Normal Retirement Date based on Credited Service after December 31, 2004 reduced by (i) 1/2 percent for each month, during the sixty (60) month period ending on his Normal Retirement Date (the “6% reduction period”), by which his Annuity Starting Date precedes his Normal
Retirement Date, and (ii) 1/3 percent for each month, during the sixty (60) month period ending at the commencement of the 6% reduction period, by which his Annuity Starting Date precedes his Normal Retirement Date. 

6.3 Disability Retirement. Each Participant who retires as a result of Disability in accordance with Section 5.3 will be entitled
to a monthly amount of benefit, payable as provided in Section 6.8, determined in accordance with the provisions of Section 6.1, but based on his Average Monthly Compensation as of the date of Disability and his Credited Service projected
as if he were continuously employed to his Normal Retirement Date. Notwithstanding the foregoing, no Participant will be entitled to receive any Disability retirement benefit hereunder for any period prior to his Normal Retirement Date during which
he is receiving benefits under any long-term disability plan sponsored by the Company or an Affiliated Company. 
 Disability will be
considered to have ended and entitlement to a Disability retirement benefit will cease if, prior to his Normal Retirement Date, (a) the Participant is reemployed by the Company, or (b) he ceases to qualify for a Social Security disability
benefit and the Administrator determines that he no longer has a Disability. If entitlement to a Disability retirement benefit ceases in accordance with the provisions of this paragraph, the Participant may nevertheless qualify for a benefit
hereunder in accordance with other provisions of the Plan, based on his Compensation and Credited Service including the period of Disability. 

  
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 6.4 Late Retirement Benefit. Each Participant who retires after his Normal Retirement Date
in accordance with Section 5.4 will be entitled to receive a monthly amount of benefit, payable as provided in Section 6.8, computed in accordance with Section 6.1, but based on his Average Monthly Compensation, Credited Service,
Covered Compensation, Final Average Compensation and Primary Social Security Benefit as of his actual retirement date; provided, however, that in no event shall such benefit be less than his benefit computed as of his Normal Retirement
Date. In the event of a late retirement, the Participant’s benefits shall commence on the first day of the month coinciding with or next following the date of his actual retirement or, if earlier, the date specified in Section 6.18(b).

 6.5 Supplemental Retirement Benefit. A Participant who retires on or after his Early Retirement Date and has completed five years
of Credited Service will be eligible for a supplemental retirement benefit payable to and including the month of his death or the attainment of age 65, whichever occurs first. The supplemental retirement benefit payable at the Participant’s
Normal Retirement Date on a single-life basis shall be equal to .45 percent of the lesser of (a) his Covered Compensation and (b) his Final Average Compensation, for each year of Credited Service up to 30 years. Notwithstanding the
foregoing, in no event shall any supplemental retirement benefit accrue under this Section 6.5 after December 31, 2004. 
 If a
Participant elects early commencement of his benefit under Section 5.2, the supplemental retirement benefit shall commence as of the same date and shall be reduced as provided in Section 6.2. 

The amount of the supplemental retirement benefit determined under the provisions of this Section 6.5 shall not be decreased by reason of
any increase in the benefit levels payable or any increase in the wage base under Title II of the Social Security Act if such increase occurs after the date of the Participant’s separation from the service of the Company and the Affiliated
Companies. 
 6.6 Death Benefits. Except as otherwise provided in this Section 6.6, or under a form of benefit payable under
Section 6.8, no death benefits will be payable under the Plan to anyone following the death of the Participant. 
  

	 	(a)	In the case of a married Participant who is vested in all or a portion of his benefit under the Plan, and who dies prior to his Annuity Starting Date, his surviving spouse will be entitled to receive a monthly survivor
benefit, as follows: 

  

	 	(i)	If the Participant dies on or before attaining age 55, his spouse’s survivor benefit will commence on the first day of the month coinciding with or next following (A) the date the Participant would have
attained age 55 or (B) such later date, but not later than the Participant’s Normal Retirement Date, as the spouse shall elect. The amount of the benefit will equal the survivor benefit that 

  
 - 23 - 

	 	would have been payable if the Participant had terminated employment on the date of his death, had chosen to have benefit payments commence in the joint and survivor annuity form described in Section 6.8 on the
date elected under (A) or (B) above, and had survived to and died the day following the day elected under (A) or (B) above. 

  

	 	(ii)	If the Participant dies after attaining age 55, his spouse’s survivor benefit will commence on the first day of the month coinciding with or next following (A) the date the Participant died or (B) the
Participant’s Normal Retirement Date, as the spouse shall elect. The benefit will be in the same amount as the survivor benefit that would have been payable if the Participant had retired on the day before the date of his death and commenced
receiving benefits on the date described in (A) or (B) above in the joint and survivor annuity form described in Section 6.8. 

  

	 	(iii)	Any election under this Section 6.6 shall be made in writing in such form and during such period of time as the Administrator shall prescribe. 

 

	 	(b)	In the case of a Participant who dies after his Annuity Starting Date, no benefit will be payable after the death of the Participant except as may be provided under the form of benefit in effect with respect to such
Participant. 

 6.7 Termination of Employment. Each Participant who has completed five or more years of Vesting Service
and whose employment with the Company and the Affiliated Companies terminates for reasons other than retirement or death will be entitled to receive a monthly amount of benefit equal to his Accrued Benefit, payable as provided in Section 6.8,
commencing on his Normal Retirement Date. Subject to the spousal consent requirements of Section 6.10, such a Participant may elect, in such form and manner as the Administrator may prescribe, to have his benefits commence on the first day of
any month after he attains age 55, but before his Normal Retirement Date. In such event, the Participant will be entitled to the reduced benefit described in Section 6.2. 

6.8 Form of Benefits. Except as otherwise provided in this Section 6.8, the normal form of benefit payable to a Participant under
the Plan will be a benefit payable monthly during his lifetime, the first payment to be due on the date his benefits commence under the Plan and the last payment to be due as of the first day of the month in which his death occurs. Notwithstanding
the foregoing, if a Participant is married on his Annuity Starting Date and he has not made an effective election of an optional form of benefit under Section 6.9, then his benefit will be payable in a 50 percent joint and survivor form, under
which a reduced benefit will be payable to the Participant during his lifetime, and upon his death one half of such reduced benefit will be paid to the Participant’s spouse during the spouse’s lifetime, if the spouse survives the
Participant; provided, however, that at the election of the Participant, the joint and survivor form of benefit may be payable in a seventy-five (75%) percent joint and survivor form, 

  
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under which a reduced benefit will be payable to the Participant during his lifetime and, upon his death, seventy-five (75%) percent of such reduced benefit will be paid to the
Participant’s spouse during the spouse’s lifetime, if the spouse survives the Participant, such election to be made in accordance with such requirements as the Treasury Secretary may prescribe. Such joint and survivor form of benefit shall
be the Actuarial Equivalent of the normal form of benefit otherwise payable to the Participant. 
 6.9 Election Not to Take Joint and
Survivor Annuity. A married Participant may elect not to take the joint and survivor form of benefit and to have his benefit paid in the normal form of a single life annuity, as described in Section 6.8. Any such election shall be made on a
form provided by the Administrator and during the election period described in (a) below. No such election shall be effective unless the Participant’s spouse consents to the election in accordance with Section 6.10 below. 

 

	 	(a)	Election Period. The election period will consist of the 180-day period preceding the Participant’s Annuity Starting Date and ending on such Date. 

 

	 	(b)	Information to be Furnished to Participant. The Administrator shall provide each married Participant with a written explanation of the joint and survivor annuity form of benefit described in Section 6.8.
This explanation will be written in nontechnical terms and will contain: 

  

	 	(i)	the terms and conditions of the joint and survivor annuity; 

  

	 	(ii)	the Participant’s right, if any, to make, and the effect of, an election to waive the joint and survivor annuity; 

  

	 	(iii)	the rights of the Participant’s spouse under Section 6.10 to consent to a waiver of the joint and survivor annuity; and 

  

	 	(iv)	the right to make, and the effect of, a revocation of an election to waive payment in the joint and survivor annuity form of benefit. 

The Administrator will also furnish such Participants with a general description of the eligibility conditions and other material features of
the normal form of a single life annuity, including sufficient information as to the relative value of such optional form of payment. The Administrator shall provide the foregoing explanation and other information, in such manner and in accordance
with such procedures as may be required by regulations promulgated under Section 417 of the Code, within the period beginning 180 days prior to the Participant’s Annuity Starting Date and ending 30 days prior to such Date. Notwithstanding
the preceding sentence, the Administrator may provide the foregoing explanation after the Participant’s Annuity Starting Date (subject to applicable Treasury Regulations, if any), provided that the applicable election period under
Section 417 of the Code shall not end before the 30th day after the date on which the foregoing explanation is provided. A Participant may elect (with spousal consent, if applicable) to waive the requirement that the foregoing explanation be
provided at least 30 days before the Participant’s Annuity Starting Date (or to waive the 30-day requirement under the preceding sentence), provided that the benefit distribution commences more than 7 days after such explanation is
furnished. 

  
 - 25 - 

	 	(c)	Revocation. A Participant may revoke any election made by him under this Section 6.9 without the requirement of spousal consent, by filing a written revocation with the Administrator any time during the
election period described in (a) above. Such revocation shall not prevent the Participant from making a subsequent election under this Section during the election period described in (a) above, subject, however, to Section 6.10.

 6.10 Spousal Consent. No election by a married Participant to waive the joint and survivor annuity pursuant to
Section 6.9 shall be effective, and no distribution shall be made or commence to a married Participant prior to his attainment of age 62, unless: 
  

	 	(a)	the spouse of the Participant consents in writing to such election, and the spouse’s consent acknowledges the effect of such election and the specific form of benefits or nonspouse beneficiary, if any, including
any class of beneficiaries and any contingent beneficiaries (or, with respect to subsequent designations, the consent of the spouse expressly permits such designations without any requirement of further consent by such spouse), and such consent is
witnessed by a notary public; or 

  

	 	(b)	it is established to the satisfaction of the Administrator that the required consent may not be obtained because there is no spouse, because the spouse cannot be located, or because of such other circumstances as the
Secretary of the Treasury may by regulations prescribe. 

 Any such consent by the spouse or establishment that the consent of
a spouse may not be obtained under (a) or (b) above shall be effective only with respect to such spouse. Any consent that permits beneficiary designations or the election of optional forms of benefit by the Participant without any
requirement of further consent must acknowledge the spouse’s right to limit consent to a specific beneficiary or optional form of benefit and the spouse’s voluntary election to relinquish such rights. Any election and spousal consent under
this Section 6.10 must be made in such form and manner as the Administrator may prescribe. 
 6.11 Cash-Outs of Certain
Benefits. Notwithstanding any other provision of the Plan, with respect to any Participant whose employment with the Company and the Affiliated Companies terminates for any reason and who is entitled to a nonforfeitable benefit under the Plan,
if the Actuarial Equivalent single sum value of such benefit does not, and did not at the time of any prior distribution, exceed $5,000, the Participant’s benefit shall be distributed in cash or in kind in a lump sum within one year of his
termination of participation in the Plan; provided, however, that for Plan Years beginning before August 6, 1997, the foregoing $5,000 limit shall be replaced by $3,500; and provided further that for distributions on or after March 22,
1999, the Actuarial Equivalent single sum value of a nonforfeitable benefit shall be determined at the time of the distribution without regard to the present value of the benefit at the time of any earlier distribution, provided, however, that if a
Participant has begun to receive distributions pursuant 

  
 - 26 - 

 
to an optional form of benefit under which at least one scheduled periodic distribution is still payable and if the Actuarial Equivalent single sum value of the Participant’s nonforfeitable
benefit exceeded $5,000 at the time of the first distribution under the optional form of benefit, then the Actuarial Equivalent single sum value of the Participant’s nonforfeitable benefit may be distributed pursuant to this Section. Effective
as of March 28, 2005, in the event of a mandatory distribution greater than $1,000 in accordance with the provisions of this Section, if the Participant does not elect to have such distribution paid directly to an eligible retirement plan
specified by the Participant in a direct rollover, including elections made in accordance with Section 6.13, or to receive the distribution directly in accordance with Section 6.7, then the Administrator will pay the distribution in a
direct rollover to an individual retirement plan designated by the Administrator. 
 6.12 Repayment of Distributions. If a former
Participant who received a distribution pursuant to Sections 6.7 or 6.11 again becomes a Participant, he may repay to the Plan the full amount of such distribution, with interest at the rate of 120 percent of the Federal mid-term rate as in effect
for the first month of the Plan Year in which such distribution was made, compounded annually, from the date of such distribution to the date repayment is made by the Participant. Such repayment must be made before the earlier of (a) the close
of the period in which the Participant incurs five consecutive One Year Breaks in Service commencing with the distribution and (b) the fifth anniversary of the Participant’s reemployment with the Company. In the event that no repayment is
made, the amount of monthly benefits otherwise payable to the Participant under the Plan shall be appropriately adjusted. 
 6.13 Direct
Rollover. With respect to distributions made on or after January 1, 1993, a Participant may elect to have all or any portion of a distribution paid in the form of a direct rollover to an individual retirement account or annuity described in
Section 408(a) or (b) of the Code, an annuity plan qualified under Section 403(a) of the Code, or a plan and trust qualified under Section 401(a) of the Code, if such plan accepts direct rollover distributions. With respect to
distributions made after December 31, 2001, a Participant may elect to have all or any portion of a distribution that qualifies as an eligible rollover distribution within the meaning of Section 402(c)(4) of the Code to be paid in the form
of a direct rollover to an eligible retirement plan, including a qualified retirement plan, individual retirement account, an annuity contract described in Section 402(b) of the Code and an eligible plan under Section 457(b) of the Code,
which is maintained by a state political subdivision of a state or any agency or instrumentality of a state or political subdivision of a state. Notwithstanding the foregoing, this Section 6.13 shall not apply to any distribution that is
(a) one of a series of substantially equal installments over the life expectancy of the Participant or the joint life expectancies of the Participant and his beneficiary, or over a fixed period of ten years or more, (b) a required minimum
distribution under Section 401(a)(9) of the Code, (c) a distribution (or portion of a distribution) of amounts not otherwise includable in income, (d) a distribution in an amount less than $200, (e) a hardship distribution
described in Section 401(k)(2)(B)(i)(iv) of the Code received after December 31, 1999, or (f) a distribution that is otherwise not an eligible rollover distribution, within the meaning of Section 402(f)(2)(A) of the Code and
applicable Treasury Regulations thereunder. Any election pursuant to this Section 6.13 shall be made in such form and manner as the Administrator may prescribe and shall specify the retirement plan to which the distribution is to be made. Any
such election may be revoked by the Participant at any time prior to the time distribution is made. If no election is made by the Participant under this Section, the distribution 

  
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shall be paid to the Participant. If any distribution is payable to the spouse, former spouse or non-spousal beneficiary (as hereafter defined) of a Participant, this Section shall apply as if
such spouse, former spouse or non-spousal beneficiary were the Participant, except that any such distribution may be directly rolled over only to an individual retirement account or annuity. As used herein, “non-spousal beneficiary” means
a designated beneficiary (as defined in Section 401(a)(9)(E) of the Code) of the Participant, who is not the surviving spouse of the Participant and on whose behalf a trustee-to-trustee distribution may be made pursuant to
Section 402(c)(11) of the Code. 
 The Administrator shall provide Participants with notice with respect to the direct rollover of
eligible rollover distributions no less than 30 days and no more than 90 days prior to the Participant’s Annuity Starting Date; provided, however, that if the distribution is not subject to Sections 401(a)(11) and 417 of the Code,
the Participant may affirmatively elect, in accordance with such procedures as the Administrator may prescribe, to have benefits commence sooner than 30 days after such notice. An election made under this Section 6.13 shall be irrevocable. 

6.14 Change of Vesting Schedule. If the Plan is amended at any time and such amendment directly or indirectly affects the computation
of the nonforfeitable interest of a Participant in his benefit under the Plan, such amendment shall apply to any Participant who has completed three years of Credited Service as of the end of the period described below only to the extent that the
Participant’s nonforfeitable interest in his benefit is equal to or greater than such interest determined without regard to the amendment. The period will begin on the date the amendment of the vesting schedule is adopted and will end on the
date which is 60 days after the latest of (a) the date on which the amendment is adopted and (b) the date on which the amendment becomes effective. 

6.15 Immediate Distributions. No distribution will be made to a Participant of his benefits under the Plan before he reaches age 62,
unless the written consent of the Participant has been obtained. Such consent shall be made in writing within the 90-day period ending on the Participant’s Annuity Starting Date. Within the period beginning 90 days before the Participant’s
Annuity Starting Date and ending 30 days before such Date, the Administrator will provide the Participant with written notice comparable to the notice described in Section 6.9(b) containing a general description of the material features and an
explanation of the relative values of the optional forms of benefit available under the Plan and informing the Participant of his right to defer receipt of the distribution until his attainment of age 62; provided, that if the distribution is
not subject to Sections 401(a)(11) and 417 of the Code, the Participant may affirmatively elect to have Benefits commence less than 30 days after such notice. If the Participant is married, consent of the Participant’s spouse must also be
obtained in such circumstances unless the Participant has effectively waived the joint and survivor annuity under Section 6.9 or distribution will be made in the joint and survivor annuity form described in Section 6.8. A spouse’s
consent to early distribution, if required, must satisfy the requirements of Section 6.10. Notwithstanding the foregoing, a Participant’s benefits may be distributed without the consent of the Participant or the Participant’s spouse
under Section 6.11 or to the extent that a distribution is required to satisfy Sections 401(a)(9) or 415 of the Code. 

  
 - 28 - 

 6.16 Required Distributions. Notwithstanding any other provision of the Plan, distribution
of benefits under the Plan shall satisfy the requirements of this Section 6.16. The benefits of a Participant will be distributed (a) to the Participant in full not later than the required beginning date, or (b) beginning not later
than the required beginning date, to the Participant over the life of the Participant, or to the Participant and his designated beneficiary over the lives of the Participant and such beneficiary. For purposes of this Section 6.16, a
Participant’s “required beginning date” shall be the date determined under Section 6.18(b) with respect to the Participant, and the term “designated beneficiary” shall have the meaning given such term in
Section 401(a)(9) of the Code and Treasury Regulations thereunder. 
 In the event that distribution of benefits to a Participant has
commenced and the Participant dies prior to the distribution of his entire benefit, but after the required beginning date, the remaining portion of the benefit will be distributed at least as rapidly as under the method of distribution used as of
the date of the Participant’s death. In the event a Participant dies before distribution of benefits has commenced or after actual commencement but before the required beginning date, the remaining benefit will be distributed within five years
unless the benefit is payable to a designated beneficiary, in which case such benefit will be distributed, beginning not later than one year after the death of the Participant (or such other time as may be prescribed by regulations), over the life
of such beneficiary; provided, that if the designated beneficiary is the Participant’s spouse, distributions will not be required to commence hereunder earlier than the date on which the Participant would have attained age 70 1/2 and, in
the event the Participant’s spouse dies prior to the commencement of distributions, the provisions of this Section 6.16 shall apply as if such spouse were the Participant. Any distribution required under the incidental death benefit
requirements of Section 401(a)(9)(G) of the Code will be treated as a distribution required under Section 401(a)(9) of the Code and this Section. The provisions of this Section will be interpreted and applied in accordance with applicable
Treasury Regulations under Section 401(a)(9) of the Code. 
 6.17 Required Minimum Distributions. All distributions of benefits
will be made in accordance with regulations under Section 409(a)(9) of the Code, including Sections 1.401(a)(9)-l and 1.401(a)(9)-2 of the Final Regulations or any successor regulations of similar import. For this purpose, life expectancies
will be determined in accordance with Section 401(a)(9) of the Code, provided, that a participant and his or her spouse may elect to have life expectancies recalculated annually. Any distribution of benefits required to meet the incidental
benefit requirement of Section 401(a) is considered a required distribution under Section 401(a)(9). 
 6.18 Latest
Commencement Date of Benefits. In no case will the payment of benefits to any Participant commence later than the earlier of: 
  

	 	(a)	unless the Participant otherwise elects in writing, the sixtieth day after the latest of the following: 

  

	 	(i)	the close of the Plan Year in which occurs the Participant’s Normal Retirement Date; 

  
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	 	(ii)	the close of the Plan Year in which occurs the tenth anniversary of the year in which the Participant commenced participation in the Plan; or 

 

	 	(iii)	the close of the Plan Year in which the Participant ceases to be an Employee; and 

  

	 	(b)	the April 1 next following the end of the later of (i) the calendar year in which the Participant attains age 70 1/2, and (ii) except with respect to a Participant who is a 5 percent owner (as defined in
Section 416(i)(l)(B)(i) of the Code) of the Company or any Affiliated Company for the Plan Year ending in the calendar year in which the Participant attains age 70 1/2, the calendar year in which the Participant retires. 

 

	 	(i)	5 percent owner. A Participant is treated as a 5 percent owner for purposes of this Section 6.18 if such Participant is a 5 percent owner as defined in Section 416 of the Code at anytime during the Plan Year
ending with or within the calendar year in which such owner attains age 70 1/2. Once distributions have begun to a 5 percent owner under this Section 6.18, they must continue to be distributed, even if the Participant ceases to be a 5 percent
owner in a subsequent year. 

  

	 	(ii)	Actuarial Increase. A Participant’s accrued benefit shall be actuarially increased to take into account the period after age 70 1/2 in which the Employee does not receive any distribution of benefits under the
Plan. The actuarial increase begins on the April 1 following the calendar year in which the Employee attains age 70 1/2 (January 1, 1997 in the case of an Employee who attained age 70 1/2 prior to 1996), and ends on the date on which benefits
commence after retirement in an amount sufficient to satisfy Section 401(a)(9) of the Code. 

 The amount of actuarial
increase payable as of the end of the period for actuarial increases provided for under this Section 6.18 must be no less than the Actuarial Equivalent of the Employee’s retirement benefits that would have been payable as of the date the
actuarial increase must commence plus the Actuarial Equivalent of additional benefits accrued after that date, reduced by the Actuarial Equivalent of any distributions made after that date. For purposes of Section 411(b)(1)(H) of the Code, the
actuarial increase will be treated as an adjustment attributable to the delay in distribution of benefits after the attainment of normal retirement age. Accordingly, to the extent permitted under Section 411(b)(1)(H) of the Code, the actuarial
increase required under Section 401(a)(9)(C)(iii) of the Code may reduce the benefit accrual otherwise required under Section 411(b)(l)(H)(i) of the Code, except that the rules on the suspension of benefits are not applicable. 

  
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 6.19 General Limitations on Benefits. 

 

	 	(a)	For Limitation Years ending after December 31, 2001: 

  

	 	(i)	The “defined benefit dollar limitation” is $160,000, as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of the Treasury shall prescribe,
and payable in the form of a straight life annuity, provided that a limitation as adjusted under Section 415(d) will apply to Limitation Years ending with or within the calendar year for which the adjustment applies; and

  

	 	(ii)	The “maximum permissible benefit” is the lesser of the defined benefit dollar limitation or the defined benefit compensation limitation (both adjusted where required, as provided in (1) and, if
applicable, in (2) or (3) below). 

  

	 	(1)	If the Participant has fewer than 10 years of participation in the Plan, the defined benefit dollar limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years (or part thereof)
of participation in the Plan and (ii) the denominator of which is 10. In the case of a Participant who has fewer than 10 Years of Service with the Company, the defined benefit compensation limitation shall be multiplied by a fraction,
(i) the numerator of which is the number of years (or part thereof) of service with the employer and (ii) the denominator of which is 10. 

  

	 	(2)	If the benefit of a Participant begins prior to age 62, the defined benefit dollar limitation applicable to the participant at such earlier age is an annual benefit payable in the form of a straight life annuity
beginning at the earlier age that is the actuarial equivalent of the defined benefit dollar limitation applicable to the Participant at age 62 (adjusted under (1) above, if required). The defined benefit dollar limitation applicable at an age
prior to age 62 is determined as the lesser of (i) the actuarial equivalent (at such age) of the defined benefit dollar limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 2.2 and
(ii) the actuarial equivalent (at such age) of the defined benefit dollar limitation computed using a 5 percent interest rate and the applicable mortality table as defined in Section 2.2. Any decrease in the defined benefit dollar
limitation determined in accordance with this paragraph (2) shall not reflect a mortality decrement if benefits are not forfeited upon the death of the Participant. If any benefits are forfeited upon death, the full mortality decrement is taken
into account. 

  
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	 	(3)	If the benefit of a Participant begins after the Participant attains age 65, the defined benefit dollar limitation applicable to the Participant at the later age is the annual benefit payable in the form of a straight
life annuity beginning at the later age that is actuarially equivalent to the defined benefit dollar limitation applicable to the Participant at age 65 (adjusted under (1) above, if required). The actuarial equivalent of the defined benefit
dollar limitation applicable at an age after age 65 is determined as (i) the lesser of the actuarial equivalent (at such age) of the defined benefit dollar limitation computed using the interest rate and mortality table (or other tabular
factor) specified in Section 2.2 and (ii) the actuarial equivalent (at such age) of the defined benefit dollar limitation computed using a 5 percent interest rate assumption and the applicable mortality table as defined in
Section 2.2. For these purposes, mortality between age 65 and the age at which benefits commence shall be ignored. 

  

	 	(b)	Maximum Annual Benefit. Subject to the adjustments described below, the annual benefit payable at any time to any Participant under the Plan may not, at any time within a Limitation Year, exceed the lesser of
(i) the product of (A) $90,000 (or such other amount as may be specified by the Secretary of the Treasury or his delegate pursuant to Section 415(d) of the Code as effective for the calendar year which ends with the current Limitation
Year) and (B) a fraction, the numerator of which is the Participant’s years of participation (not to exceed ten years) in the Plan and the denominator of which is ten, and (ii) the product of (A) 100 percent of the
Participant’s average Compensation for his high three years and (B) a fraction, the numerator of which is the Participant’s years of service (not to exceed ten years) and the denominator of which is ten. 

For purposes of this Section, in the case of any Participant, the terms “annual benefit,” “high three years,” “years
of participation,” “years of service,” and “Social Security retirement age” will have the meanings given to them under Section 415 of the Code and Treasury Regulations thereunder. For purposes of applying the
limitations set forth herein to benefits payable other than in the form of a single life annuity (without ancillary benefits) or qualified joint and survivor annuity, adjustment shall be made using the actuarial assumptions described in
Section 2.2. 

  
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	 	(c)	Limitations Applicable to Participants Who Also Participate in a Defined Contribution Plan. In the case of a Participant who at any time participates in a defined contribution plan (as defined in Section 415
of the Code and the regulations thereunder) maintained by the Company or an Affiliated Company, the sum of his defined benefit plan fraction, as determined under Section 415(e)(2) of the Code and the regulations thereunder) and his defined
contribution plan fraction (as determined under Section 415(e)(3) of the Code and the regulations thereunder) shall not exceed 1.0. 

For purposes of determining the defined benefit plan fraction and defined contribution plan fraction for any Participant, the adjustment
described in Section 416(a) of the Code will apply unless the requirements of Section 416(b)(2)(A) and (B) of the Code are satisfied. 
  

	 	(d)	Adjustments to Limitations. If payment of the Participant’s benefit commences prior to the Social Security retirement age, the dollar amount of (b)(i)(A) above shall be reduced actuarially, using the
actuarial assumptions described in Section 2.2, to reflect such early commencement, in accordance with Section 415(b)(2)(C) of the Code and applicable regulations thereunder. If payment of the Participant’s benefit commences
subsequent to the Social Security retirement age, the dollar amount of (a)(i)(A) above shall be increased actuarially, using the actuarial assumptions described in Section 2.2 except that the interest rate shall be five percent, to reflect such
late commencement. 

  

	 	(e)	Order of Limitations. Any reduction in the Participant’s annual benefit required to satisfy the limitations of subsections (b) or (c) above shall be applied first to the Participant’s benefit
under this Plan and any other defined benefit plans before any reduction shall be applied to any defined contribution plan. 

6.20 Limitations Applicable to Certain Employees and Former Employees. The limitations in this Section 6.20 shall be interpreted
and applied in accordance with Section 401(a)(4) of the Code, applicable Treasury Regulations thereunder and such other guidance as may be issued by the Internal Revenue Service. 

 

	 	(a)	Limitations on Benefits. Upon termination of the Plan, the Accrued Benefit to which any Highly Compensated Employee or former Employee is entitled under the Plan shall not exceed the applicable limitations of
Section 401(a)(4) of the Code. 

  

	 	(b)	Limitations on Distributions. In any Plan Year, the annual payments to which any Highly Compensated Employee or former Employee is entitled under the Plan shall not exceed the payments which would otherwise be
payable to such Employee under a single life annuity which is the Actuarial Equivalent of the sum of such Employee’s Accrued Benefit and any other “benefit” (other than the supplemental retirement benefit), plus the amount of payments
under the supplemental retirement benefit, to which such Employee is entitled under the Plan. The foregoing limitations shall not apply, however, if: 

  

	 	(i)	after payment of the Employee’s benefit, the value of the assets of the Plan equals or exceeds 110 percent of the value of its current liabilities, as defined in Section 412(1)(7) of the Code, or

  
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	 	(ii)	the value of the Employee’s benefit does not exceed one percent of the value of the current liabilities of the Plan before distribution of the Employee’s benefit. 

The restrictions provided in this subsection (b) shall apply to any Highly Compensated Employee or former Employee who was among the 25
Employees with the greatest annual Compensation. For purposes of this subsection, “benefits” include loans in excess of the amounts set forth in Section 72(p)(2)(A) of the Code, any periodic income, any withdrawal values to a living
Employee and any death benefits not provided for by insurance on the Employee’s life, 
 Notwithstanding the foregoing, prior to
May 14, 1990 distribution of benefits to any Highly Compensated Employee or former Employee who was among the 25 Employees with the greatest annual Compensation shall be subject to the restrictions of Treasury Regulations,
Section 1.401-4(c) as from time to time in effect. 
 6.21 Transitional Rule for Certain Accrued Benefits. Notwithstanding any
other provision of the Plan, 
  

	 	(a)	the benefit of a Participant under Section 6.1 shall not be less than his monthly amount of benefit accrued as of November 20, 1989 equal to (i) 1 1/2 percent of the Participant’s Average
Monthly Compensation, less 1 2/3 percent of his Primary Social Security Benefit, for each year of Credited Service up to 30 years, less (ii) the Frozen Actuarial Equivalent Value of his account. The benefit of any Participant who incurs a
Break in Service which results in a loss of Credited Service shall be determined without subtracting the Frozen Actuarial Equivalent Value of his account; and 

  

	 	(b)	the supplemental retirement benefit of a Participant under Section 6.5 shall not be less than 1 2/3 percent of his Primary Social Security Benefit for each year of Credited Service up to 30 years, determined as of
November 20, 1989. 

 Any Participant described in Section 2.24(a) or (b) shall not be entitled to receive a
distribution of benefits in excess of the Participant’s accrued benefit as of March 31, 1989 under the Prior Plan until such time as the Participant’s Accrued Benefit under the Plan exceeds such benefit. 

Benefits under the Plan shall not accrue for a Participant until they exceed the accrued benefit of the Participant as of March 31, 1989
under the provisions of the Prior Plan. 

  
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 6.22 Nonalienation of Benefits. 

 

	 	(a)	No benefit payable to any person under the Plan shall be subject to anticipation or assignment by such person or to attachment by or the interference or control of any creditor, or be taken or reached by any legal or
equitable process in satisfaction of any debt or liability prior to actual receipt; provided, however, that this provision shall be inapplicable to the extent otherwise provided in a qualified domestic relations order within the
meaning of Section 414(p) of the Code. 

  

	 	(b)	The non-alienation rule of subsection 6.22(a) above shall not apply to any offset, as defined by the Administrator, of a Participant’s benefit(s) under the Plan against an amount that the Participant is ordered or
required to pay to the Plan if: 

  

	 	(i)	the order or requirement to pay arises (1) under a judgment of conviction for a crime involving the Plan; (2) under a civil judgment (including a consent order or decree) entered by a court in an action
brought in connection with a violation (or alleged violation) of Part 4 of Subtitle B of Title I of the ERISA; or (3) pursuant to a settlement agreement between the Secretary of the United States Department of Labor and the Participant, or a
settlement agreement between the Pension Benefit Guaranty Corporation and the Participant, in connection with a violation (or alleged violation) of Part 4 of Subtitle B of Title I of ERISA by a fiduciary (as defined in Section 3(21) of ERISA)
or any other person; and 

  

	 	(ii)	the judgment, order, decree, or settlement agreement expressly provides for the offset of all or part of the amount ordered or required to be paid to the Plan against the Participant’s benefit(s) provided under the
Plan; and 

  

	 	(iii)	in a case in which the survivor annuity requirements of Section 205 of ERISA or Section 401(a)(11) of the Code apply with respect to distributions from the Plan to the Participant, if the Employee has a spouse
at the time at which the offset is to be made; 

  

	 	(1)	either: 

  

	 	(A)	such spouse has consented in writing to such offset and such consent is witnessed by a notary public or Plan representative designated by the Participant (or it is established to the satisfaction of such Plan
representative that such consent may not be obtained by reason of circumstances described in Section 205(c)(2)(5) of ERISA or Section 417(a)(2)(B) of the Code, or 

  
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	 	(B)	an election to waive the right of the spouse to a qualified joint and survivor annuity or a qualified preretirement survivor annuity is in effect in accordance with the requirements of Section 205(c) of ERISA or
Section 417(a) of the Code; or 

  

	 	(2)	such spouse is ordered or required in such judgment, order, decree, or settlement to pay an amount to the Plan in connection with a violation of Part 4 of Subtitle B of Title I of ERISA; or 

 

	 	(3)	in such judgment, order, decree, or settlement, such spouse retains the right to receive the survivor annuity under a qualified joint and survivor annuity provided pursuant to Section 205(a)(1) of ERISA or
Section 401(a)(11)(A)(i) of the Code, and under a qualified preretirement survivor annuity provided pursuant to Section 205(a)(2) of ERISA or Section 401(a)(11)(A)(ii) of the Code, determined in accordance with Section 206(d)(5)
of ERISA and Section 401(a)(13)(D) of the Code, 

 6.23 Distributions Required by a Qualified Relations Order. To
the extent required by a qualified domestic relations order, within the meaning of Section 414(p) of the Code, the Administrator shall make distributions of a Participant’s benefit to alternate payees named in such order in a manner
consistent with the distribution options otherwise available under the Plan, regardless of whether the Participant is otherwise entitled to a distribution at such time under the Plan. 

6.24 No Vested Rights. A Participant who terminates employment with the Company and the Affiliated Companies for reasons other than
retirement, disability or death and who has no vested benefit under the Plan shall be deemed to receive a distribution of zero benefits hereunder and shall promptly forfeit all rights to all benefits under the Plan. 

6.25 Incapacity of Payee. Subject to any applicable regulations of the Department of the Treasury or the Department of Labor, if any
person to whom a benefit is payable under the Plan is, in the opinion of the Administrator, incapable for any reason of handling his affairs at the time payment thereof is due, such payment (unless prior demand therefor is made to the Administrator
or the Trustee by a duly qualified guardian or other legally qualified representative of such person) may be made to such person or persons comprised in the class consisting of the spouse, parents, brothers, sisters or issue of the person to whom
the benefit is payable, as the Administrator may determine, and each payment made pursuant to such determination shall constitute a full discharge of all liability under the Plan with respect thereto. 

  
 - 36 - 

 6.26 Inability to Locate Participant or Beneficiary. In the event that the Administrator
is unable to locate a Participant or his beneficiary at the time any payments are due under the Plan, the Administrator shall direct the Trustee to withhold and set aside all payments due to such Participant or beneficiary until the earlier of
(a) the date such Participant or beneficiary is located, in which event the Administrator shall direct the Trustee to pay all amounts currently payable and thereafter make further payments required by the Plan, and (b) the date the Plan is
terminated, in which event such amount set aside for such Participant or beneficiary shall be dealt with as provided by applicable state law. Without limiting the foregoing, the Administrator may, but shall not be required to, use the Internal
Revenue Service’s letter forwarding program referenced in Revenue Procedure 94-22, 1994-1 C.B. 608, to attempt to locate missing Participants and beneficiaries. 

ARTICLE VII 
 Top Heavy
Provisions 
 7.1 Top Heavy Minimum Benefits. Notwithstanding any other provision of the Plan, the benefit payable at any time to
each Participant who is not a key employee in a Plan Year which is a top heavy plan year, determined as of the end of such Plan Year (and as of the end of any subsequent Plan Year) and expressed as an annual benefit payable as a single life annuity
commencing at the Participant’s Normal Retirement Date, shall not be less than the lesser of 
  

	 	(a)	the product of two percent of his high five year Compensation and the number of his years of service for minimum benefit purposes, and 

 

	 	(b)	20 percent of his high five year Compensation. 

 If payment of the Participant’s benefit
under the Plan is suspended in circumstances in which such suspension would constitute, but for Section 411(a)(3)(B) of the Code and Section 203(a)(3)(B) of ERISA, a forfeiture of benefits, the minimum benefit described above, to the
extent affected by such suspension, will be actuarially increased (using the assumptions set forth in Section 2.2) to reflect such period of suspension. 

7.2 Special Vesting. Notwithstanding any other provision of the Plan, each individual who is a Participant at any time during a Plan
Year which is a top heavy plan year shall have a fully vested and nonforfeitable interest in not less a percentage of his Accrued Benefit than is set forth in the following schedule, based on his completed years of Vesting Service: 

 

					
	 Years of Vesting Service
	  	Applicable Nonforfeitable Percentage	 
	 Less than 2
	  	 	0	  
	 2 but less than 3
	  	 	20	  
	 3 but less than 4
	  	 	40	  
	 4 but less than 5
	  	 	60	  
	 5 or more
	  	 	100	  

 In the event any Plan Year subsequent to a top heavy plan year is not itself a top heavy plan year, the
foregoing special vesting schedule shall apply to benefits accrued through the close of the last Plan Year which was a top heavy plan year. 

  
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 7.3 Definitions. Except where otherwise expressly noted, for purposes of this Article,

  

	 	(a)	“high five year Compensation” means the average of the Participant’s Compensation for those five consecutive years of service for minimum benefit purposes (or if the Participant has less than five such
years, then for his number of consecutive years of service for minimum benefit purposes) for which his aggregate Compensation is greatest. Any Plan Year which is not a year of service for minimum benefit purposes shall be ignored in determining
whether the Participant’s years of service for minimum benefit purposes are consecutive. 

  

	 	(b)	“key employee” means any Employee or former Employee (including any deceased employee) who at any time during the Plan Year that includes the determination date was an officer of the Company having annual
Compensation greater than $130,000 (as adjusted under Section 416(i)(l) of the Code for Plan Years beginning after December 31, 2002), a 5-percent owner of the Company, or a 1-percent owner of the Company having annual Compensation of more
than $150,000. For this purpose, annual Compensation means compensation within the meaning of Section 415(c)(3) of the Code. The determination of who is a key employee will be made in accordance with Section 416(i)(l) of the Code and the
applicable regulations and other guidance of general applicability issued thereunder. 

  

	 	(c)	“top heavy plan year” means a Plan Year if the sum of the present value of the total accrued benefits of all key employees under the Plan and under each other defined benefit plan (as of the applicable
determination date of each such plan) which is aggregated with this Plan and the sum of the account balances of all key employees under each defined contribution plan (as of the applicable determination date of each such plan) which is aggregated
with this Plan exceeds 60 percent of the sum of such amounts for all Employees or former Employees (other than former key employees but including beneficiaries of deceased former Employees) under such plans. The following rules shall apply for
purposes of these determinations: 

  

	 	(i)	The foregoing determination will be made in accordance with the provisions of Section 416 of the Code, and the regulations promulgated thereunder, which are specifically incorporated herein by reference.

  

	 	(ii)	The term “determination date” means, with respect to the initial plan year of a plan, the last day of such plan year and, with respect to any other plan year of a plan, the last day of the preceding plan year
of such plan. The term “applicable determination date” means, with respect to the Plan, the determination date for the Plan Year of reference and, with respect to any other plan, the 

  
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determination date for any plan year of such plan which falls within the same calendar year as the applicable determination date of the Plan. Accrued benefits or account balances under a plan
will include all such amounts other than deductible employee contributions and will be determined as of the most recent valuation date in the 12-month period ending on the applicable determination date of the plan; provided, however,
that in the case of a defined benefit plan such valuation date must be the same date as employed for minimum funding purposes, and in the case of a defined contribution plan the value so determined will be adjusted for contributions made after the
valuation date to the extent required by applicable Treasury Regulations. 

  

	 	(iii)	Each plan of the Company or any Affiliated Company in which a key employee participates, and any other plan of the Company or an Affiliated Company which enables a plan referred to in the preceding clause to satisfy the
requirements of Sections 401(a)(4) or 410 of the Code, shall be aggregated with the Plan. Any plan of the Company or an Affiliated Company not required to be aggregated with the Plan may nevertheless, at the discretion of the Administrator, be
aggregated with the Plan if the benefits and coverage of all aggregated plans would continue to satisfy the requirements of Sections 401(a)(4) and 410 of the Code. 

 

	 	(d)	“year of service for minimum benefit purposes” means, with respect to any Participant, each year of Credited Service, excluding any such Service during a Plan Year which was not a top heavy plan year or which
ended before January 1, 1984. 

 7.4 Determination of Top Heavy Status. Notwithstanding any provision of this
Article VII to the contrary, the following shall apply for purposes of determining the accrued benefit and account balances of Employees as of the determination date. The present value of accrued benefits and the amounts of account balances of an
Employee as of the determination date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the
determination date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a
distribution made for a reason other than separation from service, death, or disability, this provision shall be applied by substituting “5-year period” for “l-year period.” The accrued benefits and accounts of any individual who
has not performed services for the Company during the 1-year period ending on the determination date shall not be taken into account. 

  
 - 39 - 

 ARTICLE VIII 

Funding of Plan 
 8.1
Description of Trustee. To carry out the provisions of the Plan, MacDermid, Incorporated shall enter into a Trust Agreement with one or more persons who shall act as the Trustee or Trustees hereunder, under which Trust Agreement the Trustee
shall receive the contributions of the Company and deposit them in the Trust Fund to be held, invested, reinvested and distributed by such Trustee as therein provided. 

MacDermid, Incorporated may remove any Trustee, or any succeeding Trustee, acting hereunder at any time by written notice delivered or mailed
by registered mail to such Trustee, or such Trustee may resign at any time by written notice delivered or mailed by registered mail to the Company, the effective date of such removal or resignation to be that provided for in the Trust Agreement.

 In the event of a vacancy in the office of Trustee, MacDermid, Incorporated shall designate a successor Trustee who, upon his acceptance
in writing of the office of Trustee hereunder, shall be and become a Trustee hereunder and shall have the same rights, powers and duties as are conferred upon a Trustee hereunder and under the Trust Agreement, and shall be vested with title to the
funds and property then constituting the Trust Fund as provided herein and in the Trust Agreement, all without the necessity of any act of transfer or conveyance. 

8.2 Funding Policy and Method. MacDermid, Incorporated shall establish a funding policy and method consistent with the objectives of
the Plan and the requirements of ERISA and the Code. Participating Companies shall make contributions under the Plan in accordance with such policy. To the extent permitted by law, MacDermid, Incorporated may rely on the estimate provided by the
Actuary of the amounts of contributions to be made by it which would accomplish the purposes of the Plan, consistent with the requirements of Title I of ERISA and the Code, and neither the Company, nor the Administrator, nor the Trustee shall be
liable in any manner if the Trust Fund shall be insufficient to provide for the payment of all benefits. Such benefits shall be payable only from the Trust Fund and only to the extent the Trust Fund shall suffice therefor. 

The Company reserves, in its sole discretion, the right to determine or change the method of funding and the time of making and the amount of
its contributions and all matters relating to the financing of the Plan. 
 ARTICLE IX 

Administration of Plan 

9.1 Appointment of Administrator. The Plan shall be administered by the Administrator who shall be appointed by and serve at the
pleasure of the Board of Directors. All usual and reasonable expenses of the Administrator may be paid in whole or in part by the Company, and any expenses not paid by the Company shall be paid by the Trustee out of the principal or income of the
Trust Fund. If the Administrator is an Employee he shall not receive compensation with respect to his services as Administrator. The Administrator may also appoint one or more assistant administrators and other persons, who shall serve at his
pleasure, to assist him in the administration of the Plan and may allocate and delegate his fiduciary responsibilities under the Plan by written instrument in accordance with Section 405 of ERISA. 

  
 - 40 - 

 9.2 Duties. In addition to such powers and duties as may be specified elsewhere in this
instrument, the Administrator shall have the discretionary authority to: 
  

	 	(a)	make and enforce such rules as he deems necessary or proper for the administration of the Plan; 

  

	 	(b)	determine all matters relating to the eligibility of persons to become Participants in the Plan and determine whether or not any eligible Employee has become a Participant in the Plan; 

 

	 	(c)	determine whether and when the employment of any Participant has been terminated and, if material to a determination of the benefits of such Participant, the cause of such termination; 

 

	 	(d)	decide all questions and disputes which may arise from time to time with respect to the rights under the Plan of Employees, Participants, and all other persons who may be entitled to benefits under the Plan;

  

	 	(e)	compute, or cause to be computed, the amount of benefits which will be payable to any Participant or other person, to determine the person or persons to whom such benefits will be paid and to authorize the payment of
such benefits; 

  

	 	(f)	from time to time in writing furnish to the Trustee all such information, data and directions as may be required by the Trustee or the terms of this instrument for the performance by the Trustee of its duties hereunder;

  

	 	(g)	determine such matters as may from time to time be submitted to him by the Trustee which the Trustee states to be necessary for it properly to discharge its duties, powers and obligations under this instrument;

  

	 	(h)	keep, or cause to be kept, such books and records as may be necessary or appropriate for the orderly administration of the Plan, all such books and records to be open to inspection at any time by the Company;

  

	 	(i)	execute and file, or cause to be executed and filed, such reports or other documents, and make, or cause to be made, such disclosures, as the Plan or any one acting for the Plan may be required to execute and file or
make by any applicable law or statute now or hereafter enacted, unless otherwise provided by such law or statute; 

  

	 	(j)	interpret and construe any and all of the provisions of this instrument; and 

  
 - 41 - 

	 	(k)	perform all such other duties and acts as may be required to be performed by the Administrator by the terms of this instrument and the operation of the Plan. 

9.3 Effect of Interpretation or Determination. Any interpretation of the Plan or other determination with respect to the Plan by the
Administrator shall be final and conclusive on all persons in the absence of clear and convincing evidence that the Administrator acted arbitrarily and capriciously. 

9.4 Nondiscriminatory Exercise of Authority. Whenever, in the administration of the Plan, any discretionary action by the Administrator
is required, he shall exercise his authority in a nondiscriminatory manner so that all persons similarly situated will receive substantially the same treatment. 

9.5 Named Fiduciary. The Administrator will be a “named fiduciary” for purposes of Section 402(a)(1) of ERISA with
authority to control and manage the operation and administration of the Plan, except that he will have no authority over the investment of the assets of the Trust Fund. 

9.6 Indemnification. The Company agrees to indemnify the Administrator and save him harmless against any and all liability occasioned
by or arising out of any action taken, suffered or omitted in good faith by him. 
 9.7 Examination of Records. The Administrator
will make available to each Participant such of its records as pertain to him, for examination at reasonable times during normal business hours. 

9.8 Claims and Review Procedures. 
  

	 	(a)	If any person believes he is being denied any rights or benefits under the Plan, such person may file a claim in writing with the Administrator. If any such claim is wholly or partially denied, the Administrator will
notify such person of its decision in writing. Such notification will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a description of any additional material or information
necessary for such person to perfect such claim and an explanation of why such material or information is necessary and (iv) information as to the steps to be taken if the person wishes to submit a request for review. Such notification will be
given within 90 days after the claim is received by the Administrator (or within 180 days, if special circumstances require an extension of time for processing the claim, and if written notice of such extension and circumstances is given to such
person within the initial 90-day period). If such notification is not given within such period, the claim will be considered denied as of the last day of such period and such person may request a review of his claim. 

  
 - 42 - 

	 	(b)	Review Procedure. Within 60 days after the date on which a person receives a written notice of a denied claim (or, if applicable, within 60 days after the date on which such denial is considered to have occurred)
such person (or his duly authorized representative) may (i) file a written request with the Administrator for a review of his denied claim and of pertinent documents and (ii) submit written issues and comments to the Administrator. The
Administrator will notify such person of its decision in writing. Such notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent
Plan provisions. The decision on review will be made within 60 days after the request for review is received by the Administrator (or within 120 days, if special circumstances require an extension of time for processing the request, such as an
election by the Administrator to hold a hearing, and if written notice of such extension and circumstances is given to such person within the initial 60-day period). If the decision on review is not made within such period, the claim will be
considered denied. 

 ARTICLE X 

Amendment and Termination 

10.1 Amendment. MacDermid, Incorporated shall have the right, at any time and from time to time, to modify or amend the Plan or any of
its provisions by action of its Board of Directors, each such modification or amendment to be by instrument in writing, executed by MacDermid, Incorporated; provided, that no such modification or amendment shall be such, or shall be so
construed, as to: 
  

	 	(a)	cause or permit any assets of the Trust Fund to be diverted to purposes other than the exclusive benefit of Participants and their beneficiaries, as provided in Section 11.2; 

 

	 	(b)	reduce without his consent the benefit then accrued of any Participant; or 

  

	 	(c)	increase the duties or liabilities of the Trustee or Administrator without its written consent; 

 unless such
modification or amendment is necessary or appropriate in order to qualify the Plan under the provisions of Section 401(a) of the Code or the Trust under Section 501(a) of the Code, or to retain for the Plan and Trust such qualified status,
or for the Plan and Trust to meet the requirements of ERISA. 
 10.2 Termination. Although MacDermid, Incorporated expects to
continue the Plan indefinitely, it expressly reserves the right to terminate it in whole or in part at any time by instrument in writing, such termination to be effective on the date specified in such instrument. Upon termination or partial
termination of the Plan, the rights of each affected Participant or former Participant, to the benefit accrued to the date of such termination or partial termination, to the extent then funded, shall be nonforfeitable, and the assets of the Plan
which have not previously been allocated to provide benefits hereunder shall be allocated by the Trustee in the order of precedence set forth in Section 4044(a) of ERISA; provided, however, that if any funds

  
 - 43 - 

 
remain after the satisfaction of all liabilities under the Plan, such remaining funds will be delivered over and paid to the Company. In order to provide for distribution of the amounts allocated
in accordance with the preceding sentence, MacDermid, Incorporated, may, subject to the requirements of applicable law, direct that the Trustee (a) continue the Trust in existence or (b) purchase specified annuity contracts or make cash
distributions, or may direct any combination of the foregoing; provided, however, that MacDermid, Incorporated, upon finding that it is not practicable or desirable in the circumstances to direct any of the foregoing with respect to
some or all of the Participants or beneficiaries, may provide for the distribution of a part or all of the assets of the Trust Fund otherwise than through the continuance of the Fund or the purchase of annuity contracts with respect to such
Participants or beneficiaries; and further provided, that no amount so allocated will be paid to any person prior to the time such payment is permitted under ERISA. No Participant or other person will have any rights or claims under the Plan
beyond the sufficiency of the Trust Fund to provide benefits in accordance with the above provisions. 
 10.3 Notices With Respect to
Termination. No payment of a benefit or distribution of assets shall be made by the Trustee hereunder until receipt by it of written confirmation from the Administrator that it has given all notices and prepared and filed all reports which may
be required by law. 
 10.4 Termination in Event of Certain Changes in Ownership of the Company. In the event that at any time the
Company shall have a “Principal Stockholder”, as hereinafter defined, then notwithstanding anything to the contrary contained herein, unless a majority of the “Continuing Directors”, as hereinafter defined, shall have, on or
before the date of termination hereinafter specified, voted to continue the Plan, the Plan shall terminate as of the twenty-first day next following the date on which the Board of Directors becomes aware that it has a Principal Stockholder.
Thereupon, each Participant’s Accrued Benefit, based on his Credited Service and Compensation prior to the date of termination, shall become fully vested and nonforfeitable, and all such Accrued Benefits shall be immediately distributed to such
Participants in the manner provided for in Section 10.2, In the event the aggregate value of the assets of the Trust Fund at the date of such termination is not sufficient to fund such vested benefits, then the Company shall be obligated
promptly to make additional contributions to the Trust Fund in an amount equal to such deficiency. In no event, however, shall any assets of the Trust Fund revert to the Company upon such Plan termination, but any excess of such assets over the
value necessary to fund the Accrued Benefits of all Participants shall instead be distributed to such Participants in proportion to their Accrued Benefits. 

For purposes of this Section 10.4, (a) the term “Principal Stockholder” shall mean any corporation, person or other entity
(“person”) owning beneficially, directly or indirectly, shares of the capital stock of the Company entitled to cast 25 percent or more of the votes at the time entitled to be cast generally in the election of Directors by all of the
outstanding shares of all classes of capital stock of the Company (other than any such shares held by any qualified employee benefit plan maintained by the Company), considered for purposes of this Section 10.4 as one class; (b) in
determining such ownership, a person shall be deemed to be the beneficial owner of any shares of capital stock of the Company which are beneficially owned, directly or indirectly, by any other person (i) with which it or its
“affiliate” or “associate,” as hereinafter defined, has any agreement, arrangement or understanding for the purpose of acquiring, holding, 

  
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voting or disposing of capital stock of the Company or (ii) which is its “affiliate” or “associate;” (c) the term “Continuing Director” shall mean a person
who was a member of the Board of Directors of the Company elected by the public stockholders prior to the time that the Company had a Principal Stockholder, or a person recommended to succeed a Continuing Director by a majority of Continuing
Directors; (d) a person shall be deemed to be an “affiliate” of, or affiliated with, a specified person if such person directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common
control with, the person specified; and (e) the term “associate” used to indicate a relationship with any person shall mean (i) any corporation or organization (other than the Company or any subsidiary of the Company) of which
such person is an officer or partner or is, directly or indirectly, the beneficial owner of 10 percent or more of any class of equity security, (ii) any trust or other estate in which such person has a substantial beneficial interest or as to
which such person serves as trustee or in a similar fiduciary capacity, and (iii) any relative or spouse of such person, or any relative of such spouse, who has the same home as such person. 

ARTICLE XI 

Miscellaneous Provisions 

11.1 Participant and Employee Rights. This instrument and the Plan embodied herein shall not be deemed to give any Participant or any
Employee the right to be retained in the employ of the Company or an Affiliated Company, or confer on or create in any Participant or any Employee any rights of any name or nature, legal or equitable, except such as are expressly set forth herein.
Neither anything contained in this instrument nor any action taken by the Company hereunder shall in any way prevent the Company of an affiliated company from terminating at any time the employment of any Employee or Participant, present or future,
nor subject it to any liability under this instrument for any such termination. 
 11.2 Exclusive Benefit of Participants. This
instrument and the Plan embodied herein are for the exclusive benefit of the Employees of the Company. No part of the assets of the Trust Fund shall be held for purposes other than the exclusive benefit of Participants and their beneficiaries and
the payment of expenses of administering the Plan and Trust. Under no circumstances, except as provided in Sections 4.3 or 10.2, shall any funds paid to the Trustee or any funds or property at any time held by the Trustee with respect to the Plan
revert or inure to the possession, ownership or control, either directly or indirectly, of the Company. 
 11.3 Release by
Participants. Except to the extent that it relieves the Company, the Administrator or the Trustee from responsibility or liability for any responsibility, obligation or duty owing to the Plan or any Participant, former Participant or
beneficiary, any payment to any Participant or to any person entitled to a benefit under the Plan made in accordance with the provisions of the Plan shall to the extent thereof be in full satisfaction of all claims against any or all of the
Trustees, the Administrator and the Company, any of whom may require such Participant or person, as a condition precedent to such payment, to execute a receipt and release therefor in such form as shall be determined by the Trustee, the
Administrator or the Company, as the case may be. 

  
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 11.4 Merger. Subject to such conditions and modifications as may be imposed or permitted
pursuant to regulations adopted by the Secretary of the Treasury, in the event of any merger or consolidation of the Plan with any other plan, or in the event of any transfer of assets and liabilities from the Plan to any other plan, the assets of
the Plan applicable to any Participant shall be transferred to such other plan only if the benefit to which such Participant is entitled immediately after the merger, consolidation or transfer (determined as if the plan had then terminated) is equal
to or greater than the benefit which he would have been entitled to receive if the Plan had terminated prior to such merger, consolidation or transfer. 

11.5 Governing Law. This instrument shall be construed, and the rights and liabilities of all persons hereunder shall be determined, in
accordance with the laws of the State of Connecticut, to the extent not preempted by ERISA. 

  
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