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                                                                    Exhibit 10.2

                                ETHYL CORPORATION

                 NON-EMPLOYEE DIRECTORS' STOCK ACQUISITION PLAN

                       As Amended Through March 26, 2002

                                    ARTICLE I

                                   DEFINITIONS

     1.01. Board means the Board of Directors of the Company.

     1.02. Common Stock means any common stock of the Company acquired for use
in an award and issued to a Participant.

     1.03. Company means Ethyl Corporation.

     1.04. Participant means, for each year during the term of the Plan, an
individual who is a member of the Board on July 1 and who was not an employee of
the Company or any of its affiliates on the preceding December 31.

     1.05. Plan means this Ethyl Corporation Non-Employee Directors' Stock
Acquisitions Plan.

                                   ARTICLE II

                                     PURPOSE

     The purpose of the Plan is to provide incentive and reward to directors of
the Company by enabling them to participate in the Company's success through
ownership of Common Stock. The Plan also is intended to promote a greater
identity of interests between Participants and the Company's shareholders
through awards of Common Stock.

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                                   ARTICLE III

                           SHARES SUBJECT TO THE PLAN

     Shares of Common Stock awarded pursuant to the Plan shall be purchased by
the Company in the open market.

                                   ARTICLE IV

                                 ADMINISTRATION

     4.01. The Plan shall be administered by the Company's General Counsel.

     4.02. All expenses of administering the Plan shall be borne by the Company.

     4.03. The place of administration of the Plan shall be conclusively deemed
to be within the Commonwealth of Virginia and the validity, construction,
interpretation and administration of the Plan and of any rules and regulations
or determinations or decisions made thereunder, and the rights of any and all
persons having or claiming to have any interest therein or thereunder, shall be
governed by, and determined exclusively and solely in accordance with, the laws
of the Commonwealth of Virginia. Without limiting the generality of the
foregoing, the period within which any action arising under or in connection
with the Plan, or any award made or purportedly made under or in connection
therewith, must be commenced shall be governed by the laws of the Commonwealth
of Virginia, irrespective of the place where the act or omission complained of
took place and of the residence of any party to such action and irrespective of
the place where the action may be brought.

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                                    ARTICLE V

                                     AWARDS

     On each July 1, beginning July 1, 1992, during the term of the Plan, each
Participant shall receive an award in shares of Common Stock of the Company. The
number of shares awarded to each Participant shall be the number of whole shares
when multiplied by the closing price of the Common Stock on the immediately
preceding business day, as reported in The Wall Street Journal, that as nearly
as possible equals, but does not exceed, two thousand dollars ($2,000).
Distribution of the shares by the Company's General Counsel will occur as soon
as practicable after the date of the award.

                                   ARTICLE VI

              COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES

     No certificates for shares of Common Stock shall be purchased or delivered
under the Plan except in compliance with all applicable federal and state laws
and regulations and the rules of all domestic stock exchanges on which the
Company's shares may be listed.

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                                   ARTICLE VII

                               GENERAL PROVISIONS

     7.01. The Plan, insofar as it provides for grants, shall be unfunded, and
the Company shall not be required to segregate any assets that may at any time
be represented by grants under the Plan. Any liability of the Company to any
person with respect to any grant under the Plan shall be based solely upon any
contractual obligations that may be created pursuant to the Plan. No such
obligation of the Company shall be deemed to be secured by any pledge of, or
other encumbrance on, any property of the Company.

     7.02. Headings are given to the articles and sections of the Plan solely as
a convenience to facilitate reference. The reference to any statute, regulation,
or other provision of law shall be construed to refer to any amendment to or
successor of such provision of law.

                                  ARTICLE VIII

                                    AMENDMENT

     The Plan may be amended or repealed by the voting shareholders of the
Company or by the Board at any time.

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                                   ARTICLE IX

                                DURATION OF PLAN

     No award may be granted under the Plan prior to July 1, 1992, or after July
1, 2011.

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                                                                    Exhibit 10.9

                                ETHYL CORPORATION

                              MANAGEMENT BONUS PLAN

                            Effective January 1, 2003

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                    ARTICLE I
                                   DEFINITIONS

1.01 Affiliate

     Affiliate means any Subsidiary or "parent corporation" (within the meaning
     of Section 422A of the Internal Revenue Code of 1986, as amended) of the
     Company.

1.02 Board

     Board means the Board of Directors of the Company.

1.03 Bonus Award

     Bonus Award means a bonus awarded under this Plan and which, subject to
     such terms and conditions as may be prescribed by the Committee, entitles
     the recipient to receive a cash bonus from the Company.

1.04 Committee

     Committee means the Salary, Bonus and Stock Option Committee of the Board.

1.05 Company

     Company means Ethyl Corporation.

1.06 Effective Date

     Effective Date means January 1, 2003.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                   ARTICLE II
                                    PURPOSES

     This Plan is intended to provide incentive and reward to employees who
contribute to the success of the Company and its Affiliates by their invention,
ability, industry, loyalty or exceptional service by making them participants in
that success. It is further intended that this Plan assist the Company and its
Affiliates in recruiting employees who will contribute to its success in the
manner described in the preceding sentence.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                   ARTICLE III
                                 ADMINISTRATION

     This Plan shall be administered by the Committee. The Committee shall have
full authority and discretion with respect to the determination of, and the
terms and conditions of, each Bonus Award consistent with the terms of the Plan.
The Committee shall have full authority to interpret all provisions of the Plan;
to adopt, amend, and rescind rules and regulations pertaining to the
administration of the Plan; and to make all other determinations necessary or
advisable for the administration of the Plan. The express grant in the Plan of
any specific power to the Committee shall not be construed as limiting any power
or authority of the Committee. Any decision made, or action taken by the
Committee in or in connection with the administration of the Plan shall be final
and conclusive. No member of the Committee shall be liable for any act done in
good faith with respect to the Plan. All expenses of administering the Plan
shall be borne by the Company.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                   ARTICLE IV
                                   ELIGIBILITY

     Each employee of the Company or of any Affiliate shall be eligible for
consideration for a Bonus Award under such rules as may be established by the
Committee. Membership on the Board or on a committee of the Board shall not by
itself render a person eligible for a Bonus Award. Membership on the Committee
shall render a person ineligible for a Bonus Award.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                    ARTICLE V
                                  BONUS AWARDS

5.01 Awards. The Committee shall designate employees to whom Bonus Awards are
     made. Recommendations for Bonus Awards may be made to the Committee by the
     person discharging the duties of chief executive officer of the Company
     under such procedure as may from time to time be established by the
     Committee. All Bonus Awards shall be finally determined exclusively by the
     Committee under the procedures established by the Committee. A Bonus Award
     may specify that the recipient shall, upon satisfaction of any requirements
     or conditions established by the Committee, receive a cash payment.
     Alternatively, a Bonus Award may state the total value that will be payable
     to the recipient upon satisfaction of any requirements or conditions
     established by the Committee in which case the amount payable will be
     settled in cash.

5.02 Terms and Conditions. The Committee, at the time a Bonus Award is made,
     shall specify the terms and conditions which govern the award. Such terms
     and conditions may include, by way of example and not of limitation,
     requirements that the recipient complete a specified period of employment
     with the Company or an Affiliate or that the Company, an Affiliate, or the
     recipient attain stated objectives or goals as a prerequisite to payment
     under a Bonus Award. The Committee, at the time a Bonus Award is made,
     shall also specify when amounts shall be payable under the Bonus Award and
     whether amounts shall be payable in the event of the recipient's death or
     disability.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                   ARTICLE VI
                               GENERAL PROVISIONS

6.01 Effect on Employment. Neither the adoption of this Plan, its operation, nor
     any documents describing or referring to this Plan (or any part thereof)
     shall confer upon any employee any right to continue in the employ of the
     Company or an Affiliate or in any way affect any right and power of the
     Company or an Affiliate to terminate the employment of any employee at any
     time without assigning a reason therefor.

6.02 Unfunded Plan. This Plan, insofar as it provides for Bonus Awards, shall be
     unfunded, and the Company shall not be required to segregate any assets
     that may at any time be represented by Bonus Awards under the Plan. Any
     liability of the Company to any person with respect to any Bonus Awards
     under this Plan shall be based solely upon any contractual obligations
     which may be created pursuant to this Plan. No such obligation of the
     Company shall be deemed to be secured by any pledge of, or other
     encumbrance on, any property of the Company.

6.03 Rules of Construction. Headings are given to the articles and sections of
     this Plan solely as a convenience to facilitate reference. The reference to
     any statute, regulation or other provision of law shall be construed to
     refer to any amendment to or successor of such provision of law.

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                                Ethyl Corporation
                              Management Bonus Plan
                            Effective January 1, 2003

                                   ARTICLE VII
                            AMENDMENT AND TERMINATION

     The Board may amend or terminate this Plan from time to time.

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