Document:

EX-10.25

Exhibit 10.25

THE LUBRIZOL CORPORATION

ANNUAL INCENTIVE PAY PLAN

(As Amended November 11, 2008)

INTRODUCTION

     The Lubrizol Corporation (hereinafter referred to as the “Corporation”) hereby establishes,
effective as of January 1, 2008, The Lubrizol Corporation Annual Incentive Pay Plan (hereinafter
referred to as the “Plan”) in order to provide an award for employees which reflects the pursuit of
superior performance, increased customer satisfaction and enhancement of shareholder value. Awards
for participating employees under the Plan shall depend upon corporate performance measures as
determined by the Committee for the Plan Year.

     Except as otherwise provided, the Plan shall be administered by the Organization and
Compensation Committee (hereinafter referred to as the “Committee”) of the Board of Directors of
the Corporation. The Committee shall have conclusive authority to construe and interpret the Plan
and any agreements entered into under the Plan and to establish, amend, and rescind rules and
regulations for its administration. The Committee shall also have any additional authority as the
Board may from time to time determine to be necessary or desirable.

ARTICLE I

DEFINITIONS

     1.01 Definitions. The following terms shall have the indicated meanings for purposes
of the Plan:

	 	(a)	 	“Board” shall mean the Board of Directors of the Corporation.
	 
	 	(b)	 	“Chief Executive Officer” shall mean the chief executive officer of the
Corporation.
	 
	 	(c)	 	“Committee” shall mean the Organization and Compensation Committee of the
Board, or other designated committee of the Board, consisting of persons who are not
Employees or International Employees.
	 
	 	(d)	 	“Corporation” shall mean The Lubrizol Corporation, a corporation organized
under the laws of the State of Ohio.
	 
	 	(e)	 	“Director” shall mean a member of the Board.
	 
	 	(f)	 	‘“Employee” shall mean any person other than an Officer, who is employed for a
wage or salary by the Corporation or a domestic Subsidiary.
	 
	 	(g)	 	“International Employee” shall mean any person who is employed for a wage or salary by an
international Subsidiary of the Corporation.
	 
	 	(h)	 	“International Participant” shall mean any International Employee who has been
selected by the Committee pursuant to Article VI of the Plan, and who has not for any
reason becomes ineligible to participate in the Plan.

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	 	(i)	 	“Individual Award” shall mean the amount paid (or to be paid) to a Participant
or International Participant, as the case may be, by the Corporation pursuant to the
Plan.
	 
	 	(j)	 	“Individual Target Award” shall have the definition, and shall be determined,
as set forth in Section 3.02 herein.
	 
	 	(k)	 	“Officer” shall mean an employee of the Corporation or a Subsidiary who is a
member of the Executive Council of the Corporation.
	 
	 	(l)	 	“Participant” shall mean all Officers, and any Employee who has been selected
by the Committee pursuant to Article II herein to participate in the Plan, and have not
for any reason become ineligible to participate in the Plan.
	 
	 	(m)	 	“Pay” shall be determined at the time of calculating the Individual Performance
Shares and shall be the Participant’s base pay.
	 
	 	(n)	 	“Plan” shall mean The Lubrizol Corporation Annual Incentive Pay Plan, effective
January 1, 2008.
	 
	 	(o)	 	“Plan Year” shall mean each twelve-month period commencing January 1 and ending
December 31.
	 
	 	(p)	 	“Subsidiary” shall mean any corporation, international or domestic, that is
wholly or partially (but not less than 50%) owned directly or indirectly by the
Corporation.

     1.02 Construction. Where necessary or appropriate to the meaning of a word, the
singular shall be deemed to include the plural, the plural to include the singular, the masculine
to include the feminine, and the feminine to include the masculine.

ARTICLE II

ELIGIBILITY AND PARTICIPATION

     2.01 Eligibility. All Employees and Officers shall be eligible to participate in the
Plan.

     2.02 Participation. All Officers shall participate in the Plan. In addition, the
Committee shall determine which Employees shall participate in the Plan for each Plan Year. The
Committee may also determine which Employees hired during the Plan Year shall participate in the
Plan for such Plan Year. The Committee’s selection of Participants shall be after considering
recommendations presented to it by the Chief Executive Officer.

ARTICLE III

INDIVIDUAL AWARDS

     3.01 In General. At the time the Committee selects Participants for any Plan Year,
the Committee shall, after consideration of the recommendations of the Chief Executive Officer,
establish, for each Plan Year, an Individual Target Award for each Participant. After the end of
the Plan Year Individual Awards are paid.

     3.02 Calculation of Individual Award. The Individual Award shall be calculated in
the following manner:

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	 	(a)	 	The Participant’s Individual Target Award is determined by multiplying the
Participant’s Pay by a designated target percentage, which shall take into account the
Participant’s position in the Corporation. Such designated target, percentage, as well
as maximum and threshold percentages, shall be determined by the Committee.
	 
	 	(b)	 	At the beginning of each Plan Year, the Committee approves annual performance
scorecards at the corporate and segment level and specifies the scorecard(s) that apply
to a Participant. The Chief Executive Office approves annual performance scorecards
below the segment level.
	 
	 	(c)	 	After the end of the Plan Year, the Board certifies the amount of the
Individual Awards based on actual performance for the Plan Year under the annual
performance scorecard(s) that apply to the Participant and authorizes payment of that
amount.

     Individual Target Awards may be either increased or decreased, at any time, or from time to
time, during a Plan Year, for any Participant at the sole discretion of the Committee in order to
reflect any change in the individual contribution under the formula set forth in this Section 3.02.

     3.03 Time and Method of Payment of Individual Awards. In the event the Committee
determines that a Participant is entitled to an Individual Award, the Corporation shall pay such
Individual Award to that Participant between January 1 and March 15 following the close of the Plan
Year. A Participant who separates from service or dies after the Plan Year but prior to the
payment of an Individual Award shall be eligible to receive any payment under this Plan. Effective
September 23, 2008, a Participant who separates from service prior to the end the Plan Year will
not be eligible for payment hereunder, unless otherwise specifically approved by the Committee,
upon the recommendation of the Chief Executive Officer.

     3.04 Conditions. Anything contained herein to the contrary notwithstanding, the
payment of Individual Awards to Participants with respect to any Plan Year is conditioned upon the
availability of adequate corporate profits for the Corporation’s fiscal year coinciding with any
Plan Year. The determination of whether adequate corporate profits exist shall be made by the
Board in its sole and unrestricted judgment and discretion and such determination shall be
conclusive and binding.

ARTICLE IV

AWARDS FOR INTERNATIONAL EMPLOYEES

     4.01 Participation. The Committee shall determine which International Employees shall
participate in the Plan for each Plan Year. The Committee’s selection of International
Participants shall be made after considering recommendations presented to it by the Chief Executive
Officer.

     4.02 Individual Awards. At the time the Individual Awards are determined for
Participants, the Committee shall, in its discretion, after consideration of the recommendations of
the Chief Executive Officer, establish for each Plan Year Individual Awards for each International
Participant.

     4.03 Payment of Awards. Individual Awards to each International Participant shall be
paid by the international Subsidiary that is the employer of such International Participant at the

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same time and under the same conditions as payment is made to Participants under Sections 3.03 and
3.04. All payments shall be converted from the U.S. dollar measurement under the Plan to the
currency of the country of such Subsidiary at the currency exchange rate in effect at the time the
Individual Award is determined. All applicable withholding taxes shall be withheld from the
distribution and remitted by the international subsidiary to the appropriate taxing authority.

ARTICLE V

CHANGE OF CONTROL

     5.01 Effect of Change in Control. In the event a Change in Control of the
Corporation (as defined in Section 5.02) occurs prior to final determination by the Committee of
the amounts of Individual Awards to be paid under the Plan with respect to any Plan Year, the
Committee shall calculate such Individual Awards as soon as practicable after such Change in
Control. Individual Awards shall be based upon accruals by the Corporation up to the time of such
Change in Control and Individual Awards shall be calculated in accordance with Sections 3.02 and
4.02 herein. Payment of such Individual Awards shall be made within sixty (60) days after the
Change in Control.

     5.02 For all purposes of the Plan, a “Change in Control of the Corporation” shall have
occurred if any of the following events shall occur:

	 	(a)	 	The date that any one person, or more than one person acting as a group,
acquires ownership of stock of the corporation that, together with the stock held by
such person or group, constitutes more than 50 percent of the total fair market value
or total voting power of the stock of the Corporation.
	 
	 	(b)	 	The date any person, or more than one person acting as a group, acquires (or
has acquired during the 12-month period ending on the date of the most recent
acquisition by such person or persons) ownership of stock of the Corporation
possessing 30% or more of the total voting power of the stock of the Corporation.
	 
	 	(c)	 	The date a majority of members of the Corporation’s Board of Directors is
replaced during any 12-month period by Directors whose appointment or election is not
endorsed by a majority of the members of the Corporation’s Board of Directors before
the date of the appointment or election.
	 
	 	(d)	 	The date that any one person, or more than one person acting as a group,
acquires (or has acquired during the 12-month period ending on the date of the most
recent acquisition by such person or persons) assets from the Corporation that have a
total gross fair market value equal to or more than 40% of the total gross fair market
value of all of the assets of the Corporation immediately before the acquisition or
acquisitions.

     Notwithstanding the foregoing, a Change of Control shall have only occurred in accordance with
the regulations promulgated under Section 409A of the Internal Revenue Code of 1986, as amended.

ARTICLE VI

ADMINISTRATION

     6.01 Plan Administrator. The Committee shall be the Plan administrator.

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     6.02 Duties of Plan Administrator.

	 	(a)	 	The Committee shall administer the Plan in accordance with its terms and shall
have all powers necessary to carry out the provisions of the Plan including, but not
limited to, the following:

	 	(1)	 	Determination of Employees and International Employees who are
eligible for Plan participation; and
	 
	 	(2)	 	Determination of the Individual Awards to be paid to
Participants for each Plan Year.

	 	(b)	 	The Committee shall interpret the Plan and shall resolve all questions arising
in the administration, interpretation, and application of the Plan. Any such
determination of the Committee shall be conclusive and binding on all persons.
	 
	 	(c)	 	The Committee shall establish such procedures and keep such records or other
data as the Committee in its discretion determines necessary or proper for the
administration of the Plan.
	 
	 	(d)	 	The Committee may delegate administrative responsibilities to such person or
persons as the Committee deems necessary or desirable in connection with the
administration of the Plan.

ARTICLE VII

MISCELLANEOUS

     7.01 Unfunded Plan. The Corporation shall be under no obligation to segregate or
reserve any funds or other assets for purposes relating to this Plan and no Participant or
International Participant shall have any rights whatsoever in or with respect to any funds or
assets of the Corporation.

     7.02 Non-Alienation. No anticipated payment of any Individual Award shall be subject
in any manner to alienation, sale, transfer, assignment, pledge, attachment, garnishment or
encumbrance of any kind.

     7.03 No Employment Rights. Nothing herein contained shall be construed as a
commitment or agreement upon the part of any Participant, International Participant, Employee or
International Employee hereunder to continue his employment with the Corporation or a Subsidiary,
and nothing herein contained shall be construed as a commitment on the part of the Corporation or
any Subsidiary to continue the employment or rate of compensation of any Participant or
International Participant hereunder or any Employee or International Employee for any period.

     7.04 Amendment of the Plan. The Corporation reserves the right, to be exercised by
instruction from the Committee, to modify or amend this Plan at any time.

     7.05 Duration and Termination of the Plan. The Corporation also reserves the right,
to be exercised by action of the Board, to discontinue or terminate the Plan; provided that, and

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subject to all the provisions of this plan, any termination shall be effective only for all Plan
Years following December 31 of the Plan Year in which the decision to terminate occurs.

6EX-10a

Exhibit 10a

OFFICER INDEMNIFICATION AGREEMENT

     This Officer Indemnification Agreement, dated as of                     , 2009 (this “Agreement”),
is made by and between Brush Engineered Materials Inc., an Ohio corporation (the “Company”), and
                     (“Indemnitee”), who is an officer of the Company.

RECITALS:

     A. It is critically important to the Company and its shareholders that the Company be able to
attract and retain the most capable persons reasonably available to serve as officers of the
Company.

     B. In recognition of the need for corporations to be able to induce capable and responsible
persons to accept positions in corporate management, Ohio Revised Code (“ORC”) §1701.13(E)
authorizes (and in some instances requires) corporations to indemnify their officers, authorizes
(and sometimes requires) corporations to advance funds to pay for expenses of its officers prior to
the final disposition of an action, suit or proceeding, and further authorizes corporations to
purchase and maintain insurance for the benefit of their officers.

     C. Indemnification by a corporation serves the policies of (1) allowing officers to resist
unjustified lawsuits, secure in the knowledge that, if vindicated, the corporation will bear the
expense of litigation; (2) encouraging capable women and men to serve as corporate officers, secure
in the knowledge that the corporation will absorb the costs of defending their honesty and
integrity; and (3) allowing officers and corporations to dispose of vexacious and distracting
litigation through negotiation of settlements.

     D. The number of lawsuits challenging the judgment and actions of corporate officers, the
costs of defending those lawsuits, and the threat to officers’ personal assets have all materially
increased over the past several years, chilling the willingness of capable women and men to
undertake the responsibilities imposed on corporate officers.

     E. Federal legislation and rules adopted by the Securities and Exchange Commission and the
national securities exchanges have imposed additional disclosure and corporate governance
obligations on officers of public companies and have exposed such officers to additional and
substantially broadened civil liabilities.

     F. These legislative and regulatory initiatives have also exposed officers of public companies
to a significantly greater risk of criminal proceedings, with attendant defense costs and potential
criminal fines and penalties.

     G. Indemnitee is an officer of the Company and Indemnitee’s willingness to continue to serve
in such capacity is predicated, in substantial part, upon the Company’s willingness to indemnify
Indemnitee in accordance with the principles reflected above, to the fullest extent permitted by
the laws of the state of Ohio, and upon the other undertakings set forth in this Agreement.

 

 

     H. Section 34 of the Company’s Amended and Restated Code of Regulations (the “Regulations”)
require the Company to indemnify each officer and former officer of the Company to the full extent
then permitted by law. However, recent court decisions in Delaware, while not binding on the
courts of Ohio interpreting Ohio law, have raised questions as to the ability of officers generally
to rely on such provisions following their retirement or other departure from the board in the
event that there is a subsequent amendment to the [Regulations][Articles] that alters or eliminates
the indemnification provisions of those documents.

     I. Section 36 of the Company’s Regulations provides that the Company, with the approval of the
Board of Directors may enter into agreements with any persons that the Company may indemnify under
the Regulations, and undertake thereby to indemnify such persons and to pay the expenses incurred
by them in defending any action, suit or proceeding against them, whether or not the Company would
have power under the law or the Articles to indemnify such person.

     J. Therefore, in recognition of the need to provide Indemnitee with contractual protection
against personal liability, in order to procure Indemnitee’s continued service as an officer of the
Company and to enhance Indemnitee’s ability to serve the Company in an effective manner, and in
order to provide such protection pursuant to express contract rights (intended to be enforceable
irrespective of, among other things, any amendment to the Company’s Amended and Restated Articles
of Incorporation or the Regulations (collectively, the “Constituent Documents”), any change in the
composition of the Company’s Board of Directors (the “Board”) or any change-in-control or business
combination transaction relating to the Company), or any change in the officer’s status through
retirement or resignation, the Company wishes to provide in this Agreement for the indemnification
of and the advancement of Expenses (as defined in Section 1(e)) to Indemnitee as set forth in this
Agreement and for the continued coverage of Indemnitee under the Company’s directors’ and officers’
liability insurance policies.

     K. In light of the considerations referred to in the preceding recitals, it is the Company’s
intention and desire that the provisions of this Agreement be construed liberally, subject to their
express terms, to maximize the protections to be provided to Indemnitee hereunder.

AGREEMENT:

     NOW, THEREFORE, the parties hereby agree as follows:

     1. Certain Definitions. In addition to terms defined elsewhere herein, the following terms
have the following meanings when used in this Agreement with initial capital letters:

          (a) “Change in Control”  means the occurrence after the date of this Agreement of
any of the following events:

               (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule
13d-3 promulgated under the Exchange Act) of 20% or more of the combined voting power of the
then-outstanding Voting Stock of the Company; provided, however, that:

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                    (A) for purposes of this Section 1(a)(i), the following acquisitions will not constitute a
Change in Control: (1) any acquisition of Voting Stock of the Company directly from the Company
that is approved by a majority of the Incumbent Directors, (2) any acquisition of Voting Stock of
the Company by the Company or any Subsidiary, (3) any acquisition of Voting Stock of the Company by
any employee benefit plan (or related trust) sponsored or maintained by the Company or any
Subsidiary, and (4) any acquisition of Voting Stock of the Company by any Person pursuant to a
Business Combination that complies with clauses (A), (B) and (C) of Section 1(a)(iii) below;

                    (B) if any Person acquires beneficial ownership of 20% or more of combined voting power of the
then-outstanding Voting Stock of the Company as a result of a transaction described in clause
(A)(1) of Section 1(a)(i) and such Person thereafter becomes the beneficial owner of any additional
shares of Voting Stock of the Company representing 1% or more of the then-outstanding Voting Stock
of the Company, other than in an acquisition directly from the Company that is approved by a
majority of the Incumbent Directors or other than as a result of a stock dividend, stock split or
similar transaction effected by the Company in which all holders of Voting Stock are treated
equally, such subsequent acquisition will be deemed to constitute a Change in Control;

                    (C) a Change in Control will not be deemed to have occurred if a Person acquires beneficial
ownership of 20% or more of the Voting Stock of the Company as a result of a reduction in the
number of shares of Voting Stock of the Company outstanding unless and until such Person thereafter
becomes the beneficial owner of any additional shares of Voting Stock of the Company representing
1% or more of the then-outstanding Voting Stock of the Company, other than in an acquisition
directly from the Company that is approved by a majority of the Incumbent Directors or other than
as a result of a stock dividend, stock split or similar transaction effected by the Company in
which all holders of Voting Stock are treated equally; and

                    (D) if at least a majority of the Incumbent Directors determine in good faith that a Person
has acquired beneficial ownership of 20% or more of the Voting Stock of the Company inadvertently,
and such Person divests as promptly as practicable a sufficient number of shares so that such
Person beneficially owns less than 20% of the Voting Stock of the Company, then no Change in
Control will have occurred as a result of such Person’s acquisition; or

               (ii) a majority of the Directors are not Incumbent Directors; or

               (iii) the consummation of a reorganization, merger or consolidation, or sale or other
disposition of all or substantially all of the assets of the Company or the acquisition of assets
of another corporation, or other transaction (each, a “Business Combination”), unless, in each
case, immediately following such Business Combination (A) all or substantially all of the
individuals and entities who were the beneficial owners of Voting Stock of the Company immediately
prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the
combined voting power of the then outstanding shares of Voting Stock of the entity resulting from
such Business Combination (including, without limitation, an entity which as a result of such
transaction owns the Company or all or substantially all of the Company’s assets either directly or
through one or more subsidiaries), (B) no Person (other than the

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Company, such entity resulting from such Business Combination, or any employee benefit plan
(or related trust) sponsored or maintained by the Company, any Subsidiary or such entity resulting
from such Business Combination or a holding company as described in ORC §1701.802(A)) beneficially
owns, directly or indirectly, 20% or more of the combined voting power of the then outstanding
shares of Voting Stock of the entity resulting from such Business Combination, and (C) at least a
majority of the members of the Board of Directors of the entity resulting from such Business
Combination were Incumbent Directors at the time of the execution of the initial agreement or of
the action of the Board providing for such Business Combination; or

               (iv) approval by the shareholders of the Company of a complete liquidation or dissolution of
the Company, except pursuant to a Business Combination that complies with clauses (A), (B) and (C)
of Section 1(a)(iii).

For purposes of this Section 1(a) and as used elsewhere in this Agreement, the following terms
have the following meanings:

                    (A) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

                    (B) “Incumbent Directors” means the individuals who, as of the date hereof, are Directors of
the Company and any individual becoming a Director subsequent to the date hereof whose election,
nomination for election by the Company’s shareholders, or appointment, was approved by a vote of at
least two-thirds of the then Incumbent Directors (either by a specific vote or by approval of the
proxy statement of the Company in which such person is named as a nominee for director, without
objection to such nomination); provided, however, that an individual will not be an Incumbent
Director if such individual’s election or appointment to the Board occurs as a result of an actual
or threatened election contest (as described in Rule 14a-12(c) of the Exchange Act) with respect to
the election or removal of Directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board.

                    (C) “Subsidiary” means an entity in which the Company or any holding company as described in
ORC §1701.802(A) directly or indirectly beneficially owns 50% or more of the outstanding Voting
Stock.

                    (D) “Voting Stock” means securities entitled to vote generally in the election of directors
(or similar governing bodies).

          (b) “Claim” means (i) any threatened, asserted, pending or completed claim, demand, action,
suit or proceeding, whether civil, criminal, administrative, arbitrative, investigative or other,
and whether made pursuant to federal, state or other law; and (ii) any threatened, pending or
completed inquiry or investigation, whether made, instituted or conducted by the Company or any
other person, including without limitation any federal, state or other governmental entity, that
Indemnitee determines might lead to the institution of any such claim, demand, action, suit or
proceeding.

          (c) “Controlled Affiliate” means any corporation, limited liability company, partnership,
joint venture, trust or other entity or enterprise, whether or not for profit, that is

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directly or indirectly controlled by the Company. For purposes of this definition, “control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of an entity or enterprise, whether through the ownership of voting
securities, through other voting rights, by contract or otherwise; provided that direct or indirect
beneficial ownership of capital stock or other interests in an entity or enterprise entitling the
holder to cast 20% or more of the total number of votes generally entitled to be cast in the
election of directors (or persons performing comparable functions) of such entity or enterprise
will be deemed to constitute control for purposes of this definition.

          (d) “Disinterested Director” means a director of the Company who is not and was not a party to
the Claim in respect of which indemnification is sought by Indemnitee.

          (e) “Expenses” means attorneys’ and experts’ fees and expenses and all other costs and
expenses paid or payable in connection with investigating, defending, being a witness in or
otherwise participating in (including on appeal), or preparing to investigate, defend, be a witness
in or otherwise participate in (including on appeal), any Claim, and any amounts paid in settlement
prior to a final, nonappealable judgment or conviction.

          (f) “Indemnifiable Claim” means any Claim based upon, arising out of or resulting from (i) any
actual, alleged or suspected act or failure to act by Indemnitee in his or her capacity as a
director, officer, employee or agent of the Company or as a director, officer, employee, member,
manager, trustee or agent of any other corporation, limited liability company, partnership, joint
venture, trust or other entity or enterprise, whether or not for profit, as to which Indemnitee is
or was serving at the request of the Company as a director, officer, employee, member, manager,
trustee or agent, (ii) any actual, alleged or suspected act or failure to act by Indemnitee in
respect of any business, transaction, communication, filing, disclosure or other activity of the
Company or any other entity or enterprise referred to in clause (i) of this sentence, or
(iii) Indemnitee’s status as a current or former director, officer, employee or agent of the
Company or as a current or former director, officer, employee, member, manager, trustee or agent of
the Company or any other entity or enterprise referred to in clause (i) of this sentence or any
actual, alleged or suspected act or failure to act by Indemnitee in connection with any obligation
or restriction imposed upon Indemnitee by reason of such status. In addition to any service at the
actual request of the Company, for purposes of this Agreement, Indemnitee will be deemed to be
serving or to have served at the request of the Company as a director, officer, employee, member,
manager, trustee or agent of another entity or enterprise if Indemnitee is or was serving as a
director, officer, employee, member, manager, trustee or agent of such entity or enterprise and
(i) such entity or enterprise is or at the time of such service was a Controlled Affiliate,
(ii) such entity or enterprise is or at the time of such service was an employee benefit plan (or
related trust) sponsored or maintained by the Company or a Controlled Affiliate, or (iii) the
Company or a Controlled Affiliate directly or indirectly caused or authorized Indemnitee to be
nominated, elected, appointed, designated, employed, engaged or selected to serve in such capacity.

          (g) “Indemnifiable Losses” means any and all Losses relating to, arising out of or resulting
from any Indemnifiable Claim.

          (h) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years has

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been, retained to represent: (i) the Company (or any Subsidiary) or Indemnitee in any matter
material to either such party (other than with respect to matters concerning the Indemnitee under
this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any
other named (or, as to a threatened matter, reasonably likely to be named) party to the
Indemnifiable Claim giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” will not include any person who, under the applicable
standards of professional conduct then prevailing, would have a conflict of interest in
representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under
this Agreement.

          (i) “Losses” means any and all Expenses, damages, losses, liabilities, judgments, fines,
penalties (whether civil, criminal or other) and amounts paid in settlement following a final,
nonappealable judgment or conviction, including without limitation all interest, assessments and
other charges paid or payable in connection with or in respect of any of the foregoing.

     2. Indemnification Obligation. Subject to Section 7, the Company shall indemnify, defend and
hold harmless Indemnitee, to the fullest extent permitted or required by the laws of the State of
Ohio in effect on the date hereof or as such laws may from time to time hereafter be amended to
increase the scope of such permitted indemnification, against any and all Indemnifiable Claims and
Indemnifiable Losses; provided, however, that, except as provided in Sections 4 and 20, Indemnitee
will not be entitled to indemnification pursuant to this Agreement in connection with any Claim
initiated by Indemnitee against the Company or any director or officer of the Company unless the
Company has joined in or consented to the initiation of such Claim.

     3. Advancement of Expenses. Indemnitee will have the right to advancement by the Company
prior to the final disposition of any Indemnifiable Claim of any and all Expenses relating to,
arising out of or resulting from any Indemnifiable Claim paid or incurred by Indemnitee or which
Indemnitee determines are reasonably likely to be paid or incurred by Indemnitee. Indemnitee’s
right to such advancement is not subject to the satisfaction of any standard of conduct. Without
limiting the generality or effect of the foregoing, within five business days after any request by
Indemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay
such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to
pay such Expenses, or (c) reimburse Indemnitee for such Expenses; provided that Indemnitee shall
repay, without interest any amounts actually advanced to Indemnitee that, at the final disposition
of the Indemnifiable Claim to which the advance related, were in excess of amounts paid or payable
by Indemnitee in respect of Expenses relating to, arising out of or resulting from such
Indemnifiable Claim. For purposes of obtaining payments of Expenses in advance of final
disposition, the Indemnitee shall submit to the Company a sworn request for advancement of Expenses
substantially in the form of Exhibit A attached hereto and made a part hereof (subject to
Indemnitee filling in the blanks therein and selecting from among the bracketed alternatives
therein, the “Undertaking”), averring that the Indemnitee has reasonably incurred or will
reasonably incur actual Expenses in defending an Indemnifiable Claim. The Undertaking need not be
secured and the Company must accept the Undertaking without reference to Indemnitee’s ability to
repay the Expenses. In no event will Indemnitee’s right to the payment, advancement or
reimbursement of Expenses pursuant to this

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Section 3 be conditioned upon any undertaking that is less favorable to Indemnitee than, or
that is in addition to, the undertakings set forth in Exhibit A.

     4. Indemnification for Additional Expenses. Without limiting the generality or effect of the
foregoing, the Company shall indemnify and hold harmless Indemnitee against and, if requested by
Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of
such request, any and all Expenses paid or incurred by Indemnitee or which Indemnitee determines
are reasonably likely to be paid or incurred by Indemnitee in connection with any Claim made,
instituted or conducted by Indemnitee for (a) indemnification or payment, advancement or
reimbursement of Expenses by the Company under any provision of this Agreement, or under any other
agreement or provision of the Constituent Documents now or hereafter in effect relating to
Indemnifiable Claims, and/or (b) recovery under any directors’ and officers’ liability insurance
policies maintained by the Company, regardless in each case of whether Indemnitee ultimately is
determined to be entitled to such indemnification, reimbursement, advance or insurance recovery, as
the case may be; provided, however, that Indemnitee shall return, without interest, any such
advance of Expenses (or portion thereof) which remains unspent at the final disposition of the
Claim to which the advance related.

     5. Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of any Indemnifiable Loss, but not for all of
the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion
thereof to which Indemnitee is entitled.

     6. Procedure for Notification. To obtain indemnification under this Agreement in respect of
an Indemnifiable Claim or Indemnifiable Loss, Indemnitee shall submit to the Company a written
request, including a brief description (based upon information then available to Indemnitee) of
such Indemnifiable Claim or Indemnifiable Loss. If, at the time of the receipt of such request,
the Company has directors’ and officers’ liability insurance in effect under which coverage for
such Indemnifiable Claim or Indemnifiable Loss is potentially available, the Company shall give
prompt written notice of such Indemnifiable Claim or Indemnifiable Loss to the applicable insurers
in accordance with the procedures set forth in the applicable policies. The Company shall provide
to Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all
subsequent correspondence between the Company and such insurers regarding the Indemnifiable Claim
or Indemnifiable Loss, in each case substantially concurrently with the delivery or receipt thereof
by the Company. The failure by Indemnitee to timely notify the Company of any Indemnifiable Claim
or Indemnifiable Loss will not relieve the Company from any liability hereunder unless, and only to
the extent that, the Company did not otherwise learn of such Indemnifiable Claim or Indemnifiable
Loss and such failure results in forfeiture by the Company of substantial defenses, rights or
insurance coverage.

     7. Determination of Right to Indemnification.

          (a) To the extent that Indemnitee shall have been successful on the merits or otherwise in
defense of any Indemnifiable Claim or any portion thereof or in defense of any issue or matter
therein, including without limitation through a dismissal without prejudice, Indemnitee shall be
indemnified against all Indemnifiable Losses relating to, arising out of or resulting from such
Indemnifiable Claim in accordance with Section 2 and no Standard of Conduct Determination (as
defined in Section 7(b)) will be required. In the event that a matter as to

7

 

which there has been a dismissal without prejudice is later revived in the same or similar
form, that matter will be treated as a new Claim for all purposes of this Agreement.

          (b) To the extent that the provisions of Section 7(a) are inapplicable to an Indemnifiable
Claim that will have been finally disposed of, any determination of whether Indemnitee has
satisfied any applicable standard of conduct under Ohio law that is a legally required condition
precedent to indemnification of Indemnitee hereunder against Indemnifiable Losses relating to,
arising out of or resulting from such Indemnifiable Claim (a “Standard of Conduct Determination”)
will be made as follows: (i) if a Change in Control shall not have occurred, or if a Change in
Control shall have occurred but Indemnitee shall have requested that the Standard of Conduct
Determination be made pursuant to this clause (i), (A) by a majority vote of a quorum consisting of
the Disinterested Directors, (B) if such Disinterested Directors so direct, by a majority vote of a
committee of Disinterested Directors designated by a majority vote of all Disinterested Directors,
or (C) if such quorum of Disinterested Directors is not available or if a majority of such a quorum
so direct, by Independent Counsel in a written opinion addressed to the Board, a copy of which
shall be delivered to Indemnitee; and (ii) if a Change in Control shall have occurred and
Indemnitee shall not have requested that the Standard of Conduct Determination be made pursuant to
clause (i), by Independent Counsel in a written opinion addressed to the Board, a copy of which
shall be delivered to Indemnitee. Indemnitee will cooperate with the person or persons making such
Standard of Conduct Determination, including providing to such person or persons, upon reasonable
advance request, any documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such
determination. The Company shall indemnify and hold harmless Indemnitee against and, if requested
by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days
of such request, any and all costs and expenses (including attorneys’ and experts’ fees and
expenses) incurred by Indemnitee in so cooperating with the person or persons making such Standard
of Conduct Determination.

          (c) The Company shall use its reasonable best efforts to cause any Standard of Conduct
Determination required under Section 7(b) to be made as promptly as practicable. If (i) the person
or persons empowered or selected under Section 7 to make the Standard of Conduct Determination
shall not have made a determination within 30 days after the later of (A) receipt by the Company of
written notice from Indemnitee advising the Company of the final disposition of the applicable
Indemnifiable Claim (the date of such receipt being the “Notification Date”) and (B) the selection
of an Independent Counsel, if such determination is to be made by Independent Counsel, that is
permitted under the provisions of Section 7(e) to make such determination and (ii) Indemnitee shall
have fulfilled his/her obligations set forth in the second sentence of Section 7(b), then
Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided that such
30-day period may be extended for a reasonable time, not to exceed an additional 30 days, if the
person or persons making such determination in good faith requires such additional time for the
obtaining or evaluation or documentation and/or information relating thereto.

          (d) If (i) Indemnitee shall be entitled to indemnification hereunder against any Indemnifiable
Losses pursuant to Section 7(a), (ii) no determination of whether Indemnitee has satisfied any
applicable standard of conduct under Ohio law is a legally required condition precedent to
indemnification of Indemnitee hereunder against any Indemnifiable Losses, or

8

 

(iii) Indemnitee has been determined or deemed pursuant to Section 7(b) or (c) to have
satisfied any applicable standard of conduct under Ohio law which is a legally required condition
precedent to indemnification of Indemnitee hereunder against any Indemnifiable Losses, then the
Company shall pay to Indemnitee, within five business days after the later of (x) the Notification
Date in respect of the Indemnifiable Claim or portion thereof to which such Indemnifiable Losses
are related, out of which such Indemnifiable Losses arose or from which such Indemnifiable Losses
resulted and (y) the earliest date on which the applicable criterion specified in clause (i), (ii)
or (iii) above shall have been satisfied, an amount equal to the amount of such Indemnifiable
Losses.

          (e) If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to
Section 7(b)(i), the Independent Counsel shall be selected by the Board of Directors, and the
Company shall give written notice to Indemnitee advising him or her of the identity of the
Independent Counsel so selected. If a Standard of Conduct Determination is to be made by
Independent Counsel pursuant to Section 7(b)(ii), the Independent Counsel shall be selected by
Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of
the Independent Counsel so selected. In either case, Indemnitee or the Company, as applicable,
may, within five business days after receiving written notice of selection from the other, deliver
to the other a written objection to such selection; provided, however, that such objection may be
asserted only on the ground that the Independent Counsel so selected does not satisfy the criteria
set forth in the definition of “Independent Counsel” in Section 1(h), and the objection shall set
forth with particularity the factual basis of such assertion. Absent a proper and timely
objection, the person or firm so selected will act as Independent Counsel. If such written
objection is properly and timely made and substantiated, (i) the Independent Counsel so selected
may not serve as Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit and (ii) the non-objecting party may, at its
option, select an alternative Independent Counsel and give written notice to the other party
advising such other party of the identity of the alternative Independent Counsel so selected, in
which case the provisions of the two immediately preceding sentences and clause (i) of this
sentence shall apply to such subsequent selection and notice. If applicable, the provisions of
clause (ii) of the immediately preceding sentence shall apply to successive alternative selections.
If no Independent Counsel that is permitted under the foregoing provisions of this Section 7(e) to
make the Standard of Conduct Determination shall have been selected within 30 days after the
Company gives its initial notice pursuant to the first sentence of this Section 7(e) or Indemnitee
gives its initial notice pursuant to the second sentence of this Section 7(e), as the case may be,
either the Company or Indemnitee may petition the Federal or state courts of Ohio for resolution of
any objection which shall have been made by the Company or Indemnitee to the other’s selection of
Independent Counsel and/or for the appointment as Independent Counsel of a person or firm selected
by the court or by such other person as the court shall designate, and the person or firm with
respect to whom all objections are so resolved or the person or firm so appointed will act as
Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses
of the Independent Counsel incurred in connection with the Independent Counsel’s determination
pursuant to Section 7(b).

     8. Presumption of Entitlement. In making any Standard of Conduct Determination, the person or
persons making such determination shall presume that Indemnitee has satisfied the applicable
standard of conduct, and the Company may overcome such presumption only by its adducing clear and
convincing evidence to the contrary. Any Standard of Conduct

9

 

Determination that is adverse to Indemnitee may be challenged by the Indemnitee in the state
or Federal courts in Ohio. No determination by the Company (including by its directors or any
Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct shall be
a defense to any Claim by Indemnitee for indemnification or reimbursement or advance payment of
Expenses by the Company hereunder or create a presumption that Indemnitee has not met any
applicable standard of conduct.

     9. No Other Presumption. For purposes of this Agreement, the termination of any Claim by
judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea
of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet
any applicable standard of conduct or that indemnification hereunder is otherwise not permitted.

     10. Non-Exclusivity. The rights of Indemnitee hereunder will be in addition to any other
rights Indemnitee may have under the Constituent Documents, or the substantive laws of the
Company’s jurisdiction of incorporation, any other contract or otherwise (collectively, “Other
Indemnity Provisions”); provided, however, that (a) to the extent that Indemnitee otherwise would
have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be
deemed to have such greater right hereunder and (b) to the extent that any change is made to any
Other Indemnity Provision which permits any greater right to indemnification than that provided
under this Agreement as of the date hereof, Indemnitee will be deemed to have such greater right
hereunder. The Company will not adopt any amendment to any of the Constituent Documents the effect
of which would be to deny, diminish or encumber Indemnitee’s right to indemnification under this
Agreement or any Other Indemnity Provision.

     11. Liability Insurance and Funding. For the duration of Indemnitee’s service as an officer
of the Company, and thereafter for so long as Indemnitee shall be subject to any pending or
possible Indemnifiable Claim, the Company shall use commercially reasonable efforts (taking into
account the scope and amount of coverage available relative to the cost thereof) to cause to be
maintained in effect policies of directors’ and officers’ liability insurance providing coverage
for directors and/or officers of the Company that is at least substantially comparable in scope and
amount to that provided by the Company’s current policies of directors’ and officers’ liability
insurance. The Company shall provide Indemnitee with a copy of all directors’ and officers’
liability insurance applications, binders, policies, declarations, endorsements and other related
materials, and shall provide Indemnitee with a reasonable opportunity to review and comment on the
same. Without limiting the generality or effect of the two immediately preceding sentences, the
Company shall not discontinue or significantly reduce the scope or amount of coverage from one
policy period to the next (i)  without the prior approval thereof by a majority vote of the
Incumbent Directors, even if less than a quorum, or (ii) if at the time that any such
discontinuation or significant reduction in the scope or amount of coverage is proposed there are
no Incumbent Directors, without the prior written consent of Indemnitee (which consent shall not be
unreasonably withheld or delayed). In all policies of directors’ and officers’ liability insurance
obtained by the Company, Indemnitee shall be named as an insured in such a manner as to provide
Indemnitee the same rights and benefits, subject to the same limitations, as are accorded to the
Company’s directors and officers most favorably insured by such policy. The Company may, but shall
not be required to, create a trust fund, grant a security interest or use other means, including
without limitation a letter of credit, to ensure the payment of such

10

 

amounts as may be necessary to satisfy its obligations to indemnify and advance expenses
pursuant to this Agreement.

     12. Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the related rights of recovery of Indemnitee
against other persons or entities (other than Indemnitee’s successors), including any entity or
enterprise referred to in clause (i) of the definition of “Indemnifiable Claim” in Section 1(f).
Indemnitee shall execute all papers reasonably required to evidence such rights (all of
Indemnitee’s reasonable Expenses, including attorneys’ fees and charges, related thereto to be
reimbursed by or, at the option of Indemnitee, advanced by the Company).

     13. No Duplication of Payments. The Company shall not be liable under this Agreement to make
any payment to Indemnitee in respect of any Indemnifiable Losses to the extent Indemnitee has
otherwise actually received payment (net of Expenses incurred in connection therewith) under any
insurance policy, the Constituent Documents and Other Indemnity Provisions or otherwise (including
from any entity or enterprise referred to in clause (i) of the definition of “Indemnifiable Claim”
in Section 1(f)) in respect of such Indemnifiable Losses otherwise indemnifiable hereunder.

     14. Defense of Claims. The Company shall be entitled to participate in the defense of any
Indemnifiable Claim or to assume the defense thereof, with counsel reasonably satisfactory to the
Indemnitee; provided that if Indemnitee believes, after consultation with counsel selected by
Indemnitee, that (a) the use of counsel chosen by the Company to represent Indemnitee would present
such counsel with an actual or potential conflict, (b) the named parties in any such Indemnifiable
Claim (including any impleaded parties) include both the Company and Indemnitee and Indemnitee
shall conclude that there may be one or more legal defenses available to Indemnitee that are
different from or in addition to those available to the Company, or (c) any such representation by
such counsel would be precluded under the applicable standards of professional conduct then
prevailing, then Indemnitee shall be entitled to retain separate counsel (but not more than one law
firm plus, if applicable, local counsel in respect of any particular Indemnifiable Claim) at the
Company’s expense. The Company shall not be liable to Indemnitee under this Agreement for any
amounts paid in settlement of any threatened or pending Indemnifiable Claim effected without the
Company’s prior written consent. The Company shall not, without the prior written consent of the
Indemnitee, effect any settlement of any threatened or pending Indemnifiable Claim to which the
Indemnitee is, or could have been, a party unless such settlement solely involves the payment of
money and includes a complete and unconditional release of the Indemnitee from all liability on any
claims that are the subject matter of such Indemnifiable Claim. Neither the Company nor Indemnitee
shall unreasonably withhold its consent to any proposed settlement; provided that Indemnitee may
withhold consent to any settlement that does not provide a complete and unconditional release of
Indemnitee.

     15. Successors and Binding Agreement. (a) The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation, reorganization or otherwise, and including
any holding company as described in ORC 1701.802(A)) to all or substantially all of the business or
assets of the Company, by agreement in form and substance satisfactory to Indemnitee and his or her
counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent the Company would be required to perform if no such succession had taken place. This
Agreement shall be binding upon and inure to the benefit of the

11

 

Company and any successor to the Company, including without limitation any person acquiring
directly or indirectly all or substantially all of the business or assets of the Company whether by
purchase, merger, consolidation, reorganization or otherwise, and including any holding company as
described in ORC 1701.802(A) (and such successor will thereafter be deemed the “Company” for
purposes of this Agreement), but shall not otherwise be assignable or delegatable by the Company.

          (b) This Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s
personal or legal representatives, executors, administrators, heirs, distributees, legatees and
other successors.

          (c) This Agreement is personal in nature and neither of the parties hereto shall, without the
consent of the other, assign or delegate this Agreement or any rights or obligations hereunder
except as expressly provided in Sections 15(a) and 15(b). Without limiting the generality or
effect of the foregoing, Indemnitee’s right to receive payments hereunder shall not be assignable,
whether by pledge, creation of a security interest or otherwise, other than by a transfer by the
Indemnitee’s will or by the laws of descent and distribution, and, in the event of any attempted
assignment or transfer contrary to this Section 15(c), the Company will have no liability to pay
any amount so attempted to be assigned or transferred.

     16. Notices. For all purposes of this Agreement, all communications, including without
limitation notices, consents, requests or approvals, required or permitted to be given hereunder
shall be in writing and shall be deemed to have been duly given when hand delivered or dispatched
by electronic facsimile or electronic mail transmission (with receipt thereof confirmed orally or
electronically), or five business days after having been mailed by United States registered or
certified mail, return receipt requested, postage prepaid or one business day after having been
sent for next-day delivery by a nationally recognized overnight courier service, addressed to the
Company (to the attention of the Secretary of the Company) and to Indemnitee at the applicable
address shown on the signature page hereto, or to such other address as any party may have
furnished to the other in writing and in accordance herewith, except that notices of changes of
address will be effective only upon receipt.

     17. Governing Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by and construed in accordance with the substantive laws of the State
of Ohio, without giving effect to the principles of conflict of laws of such State. The Company
and Indemnitee each hereby irrevocably consent to the jurisdiction of the state and Federal courts
in Ohio for all purposes in connection with any action or proceeding which arises out of or relates
to this Agreement and agree that any action instituted under this Agreement shall be brought only
in the state or Federal courts in Ohio.

     18. Validity. If any provision of this Agreement or the application of any provision hereof
to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of
this Agreement and the application of such provision to any other person or circumstance shall not
be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be
reformed to the extent, and only to the extent, necessary to make it enforceable, valid or legal.
In the event that any court or other adjudicative body shall decline to reform any provision of
this Agreement held to be invalid, unenforceable or otherwise illegal as contemplated by the
immediately preceding sentence, the parties thereto shall take all such action

12

 

as may be necessary or appropriate to replace the provision so held to be invalid,
unenforceable or otherwise illegal with one or more alternative provisions that effectuate the
purpose and intent of the original provisions of this Agreement as fully as possible without being
invalid, unenforceable or otherwise illegal.

     19. Miscellaneous. No provision of this Agreement may be waived, modified or discharged
unless such waiver, modification or discharge is agreed to in writing signed by Indemnitee and the
Company. No waiver by either party hereto at any time of any breach by the other party hereto or
compliance with any condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. No agreements or representations, oral or otherwise, expressed or
implied with respect to the subject matter hereof have been made by either party that are not set
forth expressly in this Agreement. References to Sections are to references to Sections of this
Agreement.

     20. Legal Fees and Expenses. It is the intent of the Company that Indemnitee not be required
to incur legal fees and or other Expenses associated with the interpretation, enforcement or
defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and
expense thereof would substantially detract from the benefits intended to be extended to Indemnitee
hereunder. Accordingly, without limiting the generality or effect of any other provision hereof,
if it should appear to Indemnitee that the Company has failed to comply with any of its obligations
under this Agreement (including its obligations under Section 3) or in the event that the Company
or any other person takes or threatens to take any action to declare this Agreement void or
unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to
recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder,
the Company irrevocably authorizes the Indemnitee from time to time to retain counsel of
Indemnitee’s choice, at the expense of the Company as hereafter provided, to advise and represent
Indemnitee in connection with any such interpretation, enforcement or defense, including without
limitation the initiation or defense of any litigation or other legal action, whether by or against
the Company or any director, officer, shareholder or other person affiliated with the Company, in
any jurisdiction. Notwithstanding any existing or prior attorney-client relationship between the
Company and such counsel, the Company irrevocably consents to Indemnitee’s entering into an
attorney-client relationship with such counsel, and in that connection the Company and Indemnitee
agree that a confidential relationship shall exist between Indemnitee and such counsel. Without
respect to whether Indemnitee prevails, in whole or in part, in connection with any of the
foregoing, the Company will pay and be solely financially responsible for any and all attorneys’
and related fees and expenses incurred by Indemnitee in connection with any of the foregoing.

     21. Certain Interpretive Matters. Unless the context of this Agreement otherwise requires,
(a) “it” or “its” or words of any gender include each other gender, (b) words using the singular or
plural number also include the plural or singular number, respectively, (c) the terms “hereof,”
“herein,” “hereby” and derivative or similar words refer to this entire Agreement, (d) the terms
“Article,” “Section,” “Annex” or “Exhibit” refer to the specified Article, Section, Annex or
Exhibit of or to this Agreement, (e) the terms “include,” “includes” and “including” will be deemed
to be followed by the words “without limitation” (whether or not so expressed), and (f) the word
“or” is disjunctive but not exclusive. Whenever this Agreement refers to a number of days, such
number will refer to calendar days unless business days are specified and

13

 

whenever action must be taken (including the giving of notice or the delivery of documents)
under this Agreement during a certain period of time or by a particular date that ends or occurs on
a non-business day, then such period or date will be extended until the immediately following
business day. As used herein, “business day” means any day other than Saturday, Sunday or a United
States federal holiday.

     22. Counterparts. This Agreement may be executed in one or more counterparts, each of which
will be deemed to be an original but all of which together shall constitute one and the same
agreement.

[Signatures Appear On Following Page]

14

 

     IN WITNESS WHEREOF, Indemnitee has executed and the Company has caused its duly authorized
representative to execute this Agreement as of the date first above written.

	 	 	 	 	 
	 	BRUSH ENGINEERED MATERIALS INC.

6070 Parkland Blvd.

Mayfield Hts., OH 44124

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[INDEMNITEE]

[Address]

 	 
	 	 	 
	 	 	[Indemnitee] 	 
	 	 	 	 
	 

15

 

EXHIBIT A

UNDERTAKING

UNDERTAKING

	 	 	 	 	 	 	 
	STATE OF

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS
	COUNTY OF

	 	 	)	 	 	 

     I,                                         , being first duly sworn, do depose and say as follows:

     1. This Undertaking is submitted pursuant to the Officer Indemnification Agreement, dated
                    , 2     , between Brush Engineered Materials Inc., an Ohio corporation (the “Company”)
and the undersigned.

     2. I am requesting payment of Expenses that I have reasonably incurred or will reasonably
incur in defending an Indemnifiable Claim referred to in the aforesaid Officer Indemnification
Agreement.

     3. The Expenses for which payment is requested are, in general, all expenses related to

	 	 	 
	 
	 
	 	 
	 
	 
 

	 	 . 

     4. I hereby undertake to repay all amounts paid pursuant hereto if it ultimately is determined
that I am not entitled to be indemnified by the Company under the aforesaid Officer Indemnification
Agreement or otherwise.

	 	 	 
	 

	 	 
	 

	 	[Signature of Indemnitee]

     Subscribed and sworn to before me, a Notary Public in and for said County and State, this
           day of                     , 2     .

[Seal]

     My commission expires the            day of                     , 2     .

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