Document:

Exhibit 10.8

 Exhibit 10.8 

SECOND AMENDMENT TO MACDERMID, INCORPORATED 

EMPLOYEES’ PENSION PLAN, 2009 RESTATEMENT 

WHEREAS, the Pension Protection Act amended the Internal Revenue Code funding rules; 

WHEREAS, the IRS has issued a model amendment for Pension Plans to incorporate restrictions on the Plan in the event the Plan is underfunded at certain
levels; 
 WHEREAS, MacDermid, Incorporated may amend the Plan pursuant to Section 10.1 of the Plan; 

NOW THEREFORE, the Plan is amended to add Appendix A to the Plan as follows: 

Appendix A 
 Limitations
Applicable If the Plan’s Adjusted Funding Target Attainment 
 Percentage Is 

Less Than 80 Percent or If the Plan Sponsor Is In Bankruptcy 

1. Limitations Applicable If the Plan’s Adjusted Funding Target Attainment Percentage Is Less Than 80 Percent, But Not Less Than 60
Percent. Notwithstanding any other provisions of the plan, if the plan’s adjusted funding target attainment percentage for a plan year is less than 80 percent (or would be less than 80 percent to the extent described in Section 1(b) below)
but is not less than 60 percent, then the limitations set forth in this Section 1 apply. 
 (a) 50 Percent Limitation on Single
Sum Payments. Other Accelerated Forms of Distribution, and Other Prohibited Payments. A participant or beneficiary is not permitted to elect, and the plan shall not pay, a single sum payment or other optional form of benefit that includes a
prohibited payment with an annuity starting date on or after the applicable section 436 measurement date, and the plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment
or transfer that is a prohibited payment, unless the present value of the portion of the benefit that is being paid in a prohibited payment does not exceed the lesser of: 

(i) 50 percent of the present value of the benefit payable in the optional form of benefit that includes the prohibited
payment; or 
 (ii) 100 percent of the PBGC maximum benefit guarantee amount (as defined in§ 1.436-1(d)(3)(iii)(C) of
the Treasury Regulations). 
 The limitation set forth in this Section 1(a) does not apply to any payment of a benefit which under§ 411(a)(11) of
the Internal Revenue Code may be immediately distributed without the consent of the participant. If an optional form of benefit that is otherwise available under 

  
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the terms of the plan is not available to a participant or beneficiary as of the annuity starting date because of the application of the requirements of this Section 1(a), the participant or
beneficiary is permitted to elect to bifurcate the benefit into unrestricted and restricted portions (as described in§ 1.436-1(d)(3)(iii)(D) of the Treasury Regulations). The participant or beneficiary may also elect any other optional form of
benefit otherwise available under the plan at that annuity starting date that would satisfy the 50 percent/PBGC maximum benefit guarantee amount limitation described in this Section 1(a), or may elect to defer the benefit in accordance
with any general right to defer commencement of benefits under the plan. 
  

	 	(1)	Provision to Allow Special Optional Forms of Benefit When Only Half Single Sum Payments Are Permitted to be Paid: 

During a period when Section l(a) applies to the plan, participants and beneficiaries are permitted to elect payment in any optional form of benefit otherwise
available under the plan that provides for the current payment of the unrestricted portion of the benefit (as described in§ 1.436-1(d)(3)(iii)(D) of the Treasury Regulations), with a delayed commencement for the restricted portion of the
benefit (subject to other applicable qualification requirements, such as§§ 411(a)(11) and 401(a)(9) of the Internal Revenue Code). 

(b) Plan Amendments Increasing Liability for Benefits. No amendment to the plan that has the effect of increasing liabilities of the
plan by reason of increases in benefits, establishment of new benefits, changing the rate of benefit accrual, or changing the rate at which benefits become nonforfeitable shall take effect in a plan year if the adjusted funding target attainment
percentage for the plan year is: 
 (i) Less than 80 percent; or 

(ii) 80 percent or more, but would be less than 80 percent if the benefits attributable to the amendment were taken into
account in determining the adjusted funding target attainment percentage. 
 The limitation set forth in this Section 1(b) does not apply to any
amendment to the plan that provides a benefit increase under a plan formula that is not based on compensation, provided that the rate of such increase does not exceed the contemporaneous rate of increase in the average wages of participants covered
by the amendment. 
 2. Limitations Applicable If the Plan’s Adjusted Funding Target Attainment Percentage Is Less Than 60
Percent. Notwithstanding any other provisions of the plan, if the plan’s adjusted funding target attainment percentage for a plan year is less than 60 percent (or would be less than 60 percent to the extent described in Section 2(b)
below), then the limitations in this Section 2 apply. 

  
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 (a) Single Sums, Other Accelerated Forms of Distribution, and Other Prohibited Payments Not
Permitted. A participant or beneficiary is not permitted to elect, and the plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date on or after the applicable
section 436 measurement date, and the plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment. The limitation set forth in this
Section 2(a) does not apply to any payment of a benefit which under § 411(a)(11) of the Internal Revenue Code may be immediately distributed without the consent of the participant. 

(b) Shutdown Benefits and Other Unpredictable Contingent Event Benefits Not Permitted to Be Paid. An unpredictable contingent event
benefit with respect to an unpredictable contingent event occurring during a plan year shall not be paid if the adjusted funding target attainment percentage for the plan year is: 

(i) Less than 60 percent; or 

(ii) 60 percent or more, but would be less than 60 percent if the adjusted funding target attainment percentage were
redetermined applying an actuarial assumption that the likelihood of occurrence of the unpredictable contingent event during the plan year is 100 percent. 

(c) Benefit Accruals Frozen. Benefit accruals under the plan shall cease as of the applicable section 436 measurement date. In
addition, if the plan is required to cease benefit accruals under this Section 2(c), then the plan is not permitted to be amended in a manner that would increase the liabilities of the plan by reason of an increase in benefits or establishment
of new benefits. 
 3. Limitations Applicable If the Plan Sponsor Is In Bankruptcy. Notwithstanding any other provisions of the plan,
a participant or beneficiary is not permitted to elect, and the plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date that occurs during any period in which the
plan sponsor is a debtor in a case under title 11, United States Code, or similar Federal or State law, except for payments made within a plan year with an annuity starting date that occurs on or after the date on which the plan’s enrolled
actuary certifies that the plan’s adjusted funding target attainment percentage for that plan year is not less than 100 percent. In addition, during such period in which the plan sponsor is a debtor, the plan shall not make any payment for the
purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment, except for payments that occur on a date within a plan year that is on or after the date on which the plan’s
enrolled actuary certifies that the plan’s adjusted funding target attainment percentage for that plan year is not less than 100 percent. The limitation set forth in this Section 3 does not apply to any payment of a benefit which under
§ 411(a)(11) of the Internal Revenue Code may be immediately distributed without the consent of the participant. 

  
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 4. Provisions Applicable After Limitations Cease to Apply. 

(a) Resumption of Prohibited Payments. If a limitation on prohibited payments under Section 1(a), Section 2(a), or
Section 3 applied to the plan as of a section 436 measurement date, but that limit no longer applies to the plan as of a later section 436 measurement date, then that limitation does not apply to benefits with annuity starting dates that are on
or after that later section 436 measurement date. 
  

	 	(1)	Provision to Allow Full Single Sum Payments for Participants and Beneficiaries Who Previously Could Only Elect Half Single Sums: 

In addition, after the section 436 measurement date on which the limitation on prohibited payments under Section 1(a) ceases to apply to the plan, any
participant or beneficiary who had an annuity starting date within the period during which that limitation applied to the plan is permitted to make a new election (within 90 days after the section 436 measurement date on which the limit ceases to
apply or, if later, 30 days after receiving notice of the right to make such election) under which the form of benefit previously elected is modified at a new annuity starting date to be changed to a single sum payment for the remaining value of the
participant or beneficiary’s benefit under the plan, subject to the other rules in this section of the plan and applicable requirements of § 401(a) of the Internal Revenue Code, including spousal consent. 

 

	 	(2)	Provision to Allow Half Single Sum Payments for Participants and Beneficiaries Who Could Not Elect Single Sums: 

In addition, after the section 436 measurement date on which the limitation on prohibited payments under Section 2(a) ceases to apply to the plan, any
participant or beneficiary who had an annuity starting date within the period during which that limitation applied to the plan is permitted to make a new election (within 90 days after the section 436 measurement date on which the limit ceases to
apply or, if later, 30 days after receiving notice of the right to make such election) under which the form of benefit previously elected is modified at a new annuity starting date to be changed to a single sum payment for the remaining value of the
participant’s or beneficiary’s benefit under the plan, subject to the other rules in this section of the plan (including Section 1(a)) and applicable requirements of § 401(a) of the Internal Revenue Code, including spousal
consent. 
 (b) Resumption of Benefit Accruals. If a limitation on benefit accruals under Section 2(c) applied to the plan as of
a section 436 measurement date, but that limitation no longer applies to the plan as of a later section 436 measurement date, then benefit accruals shall resume prospectively and that limitation does not apply to benefit accruals that are based on
service on or after that later section 436 measurement date, except as otherwise provided under the plan. The plan shall comply with the rules relating to partial years of participation and the prohibition on double proration under Department of
Labor regulation 29 CFR § 2530.204-2(c) and (d). 

  
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	 	(1)	Provision to Restore Accruals: 

 In addition, benefit accruals that were not permitted to accrue because
of the application of Section 2(c) shall be restored when that limitation ceases to apply if the continuous period of the limitation was 12 months or less and the plan’s enrolled actuary certifies that the adjusted funding target
attainment percentage for the plan year would not be less than 60 percent taking into account any restored benefit accruals for the prior plan year. 

(c) Shutdown and Other Unpredictable Contingent Event Benefits. If an unpredictable contingent event benefit with respect to an
unpredictable contingent event that occurs during the plan year is not permitted to be paid after the occurrence of the event because of the limitation of Section 2(b), but is permitted to be paid later in the same plan year (as a result of
additional contributions or pursuant to the enrolled actuary’s certification of the adjusted funding target attainment percentage for the plan year that meets the requirements of § 1.436-1(g)(5)(ii)(B) of the Treasury Regulations), then
that unpredictable contingent event benefit shall be paid, retroactive to the period that benefit would have been payable under the terms of the plan (determined without regard to Section 2(b)). If the unpredictable contingent event benefit
does not become payable during the plan year in accordance with the preceding sentence, then the plan is treated as if it does not provide for that benefit. 

(d) Treatment of Plan Amendments That Do Not Take Effect. If a plan amendment does not take effect as of the effective date of the
amendment because of the limitation of Section 1(b) or Section 2(c), but is permitted to take effect later in the same plan year (as a result of additional contributions or pursuant to the enrolled actuary’s certification of the
adjusted funding target attainment percentage for the plan year that meets the requirements of § 1.436-1(g)(5)(ii)(C) of the Treasury Regulations), then the plan amendment must automatically take effect as of the first day of the plan year
(or, if later, the original effective date of the amendment). If the plan amendment cannot take effect during the same plan year, then it shall be treated as if it were never adopted, unless the plan amendment provides otherwise. 

5. Notice Requirement. See section 101(j) of ERISA for rules requiring the plan administrator of a single employer defined benefit
pension plan to provide a written notice to participants and beneficiaries within 30 days after certain specified dates if the plan has become subject to a limitation described in Section 1(a), Section 2, or Section 3. 

6. Methods to Avoid or Terminate Benefit Limitations. See § 436(b)(2), (c)(2), (e)(2), and (f) of the Internal Revenue
Code and § 1.436-1(f) of the Treasury Regulations for rules relating to employer contributions and other methods to avoid or terminate the application of the limitations set forth in Sections 1 through 3 for a plan year. In general, the
methods a plan sponsor may use to avoid or terminate one or more of the benefit limitations under Sections 1 through 3 for a plan year include employer contributions and elections to increase the amount of plan assets which are taken into account in
determining the adjusted funding target attainment percentage, making an employer contribution that is specifically designated as a current year contribution that is made to avoid or terminate application of certain of the benefit limitations, or
providing security to the plan. 

  
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 7. Special Rules. 

(a) Rules of Operation for Periods Prior to and After Certification of Plan’s Adjusted Funding Target Attainment Percentage. 

(i) In General. Section 436(h) of the Internal Revenue Code and§ 1.436-1(h) of the Treasury Regulations set
forth a series of presumptions that apply (1) before the plan’s enrolled actuary issues a certification of the plan’s adjusted funding target attainment percentage for the plan year and (2) if the plan’s enrolled actuary
does not issue a certification of the plan’s adjusted funding target attainment percentage for the plan year before the first day of the 10th month of the plan year (or if the plan’s enrolled actuary issues a range certification for the
plan year pursuant to § 1.436-1(h)(4)(ii) of the Treasury Regulations but does not issue a certification of the specific adjusted funding target attainment percentage for the plan by the last day of the plan year). For any period during which a
presumption under § 436(h) of the Internal Revenue Code and § 1.436-1(h) of the Treasury Regulations applies to the plan, the limitations under Sections 1 through 3 are applied to the plan as if the adjusted funding target
attainment percentage for the plan year were the presumed adjusted funding target attainment percentage determined under the rules of § 436(h) of the Internal Revenue Code and § 1.436-l(h)(l), (2), or (3) of the Treasury Regulations.
These presumptions are set forth in Section 7(a)(ii) though (iv). 
 (ii) Presumption of Continued Underfunding
Beginning First Day of Plan Year. If a limitation under Section 1, 2, or 3 applied to the plan on the last day of the preceding plan year, then, commencing on the first day of the current plan year and continuing until the plan’s
enrolled actuary issues a certification of the adjusted funding target attainment percentage for the plan for the current plan year, or, if earlier, the date Section 7(a)(iii) or Section 7(a)(iv) applies to the plan: 

(1) The adjusted funding target attainment percentage of the plan for the current plan year is presumed to be the adjusted
funding target attainment percentage in effect on the last day of the preceding plan year; and date. 
 (2) The first day of
the current plan year is a section 436 measurement date. 
 (iii) Presumption of Underfunding Beginning First Day of 4th
Month. If the plan’s enrolled actuary has not issued a certification of the adjusted funding target attainment percentage for the plan year before the first day of the 4th month of the plan year and the plan’s adjusted funding target
attainment percentage for the preceding plan year was either at least 60 percent but less than 70 percent or at least 80 percent but less than 90 percent, or is described in§ 1.436-1(h)(2)(ii) of the Treasury Regulations, then, commencing on
the first day of the 4th month of the 

  
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current plan year and continuing until the plan’s enrolled actuary issues a certification of the adjusted funding target attainment percentage for the plan for the current plan year, or, if
earlier, the date Section 7(a)(iv) applies to the plan: 
 (1) The adjusted funding target attainment percentage of the
plan for the current plan year is presumed to be the plan’s adjusted funding target attainment percentage for the preceding plan year reduced by 10 percentage points; and 

(2) The first day of the 4th month of the current plan year is a section 436 measurement date. 

(iv) Presumption of Underfunding On and After First Day of 10th Month. If the plan’s enrolled actuary has not
issued a certification of the adjusted funding target attainment percentage for the plan year before the first day of the 10th month of the plan year for if the plan’s enrolled actuary has issued a range certification for the plan year pursuant
to § 1.436-1(h)(4)(ii) of the Treasury Regulations but has not issued a certification of the specific adjusted funding target attainment percentage for the plan by the last day of the plan year), then, commencing on the first day of the 10th
month of the current plan year and continuing through the end of the plan year: 
 (1) The adjusted funding target attainment
percentage of the plan for the current plan year is presumed to be less than 60 percent; and 
 (2) The first day of the
10th month of the current plan year is a section 436 measurement date. 
 (b) New Plans, Plan Termination, Certain Frozen Plans, and
Other Special Rules. 
 (i) First 5 Plan Years. The limitations in Section l(b), Section 2(b), and
Section 2(c) do not apply to a new plan for the first 5 plan years of the plan, determined under the rules of§ 436(i) of the Internal Revenue Code and § 1.436-1(a)(3)(i) of the Treasury Regulations. 

(ii) Plan Termination. The limitations on prohibited payments in Section 1(a), Section 2(a), and
Section 3 do not apply to prohibited payments that are made to carry out the termination of the plan in accordance with applicable law. Any other limitations under this section of the plan do not cease to apply as a result of termination of the
plan. 
 (iii) Exception to Limitations on Prohibited Payments Under Certain Frozen Plans. The limitations on
prohibited payments set forth in Sections 1(a), 2(a), and 3 do not apply for a plan year if the terms of the plan, as in effect for the period beginning on September 1, 2005, and continuing through the end of the plan year, provide for no
benefit accruals with respect to any participants. This Section 7(b)(iii) shall cease to apply as of the date any benefits accrue under the plan or the date on which a plan amendment that increases benefits takes effect. 

  
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 (iv) Special Rules Relating to Unpredictable Contingent Event Benefits and
Plan Amendments Increasing Benefit Liability. During any period in which none of the presumptions under Section 7(a) apply to the plan and the plan’s enrolled actuary has not yet issued a certification of the plan’s adjusted
funding target attainment percentage for the plan year, the limitations under Section 1(b) and Section 2(b) shall be based on the inclusive presumed adjusted funding target attainment percentage for the plan, calculated in accordance with
the rules of § 1.436-1(g)(2)(iii) of the Treasury Regulations. 
 (c) Special Rules Under PRA 2010. 

(i) Payments Under Social Security Leveling Options. For purposes of determining whether the limitations under
Section 1(a) or 2(a) apply to payments under a social security leveling option, within the meaning of § 436G)(3)(C)(i) of the Internal Revenue Code, the adjusted funding target attainment percentage for a plan year shall be determined in
accordance with the “Special Rule for Certain Years” under § 436G)(3) of the Internal Revenue Code and any Treasury Regulations or other published guidance thereunder issued by the Internal Revenue Service. 

(ii) Limitation on Benefit Accruals. For purposes of determining whether the accrual limitation under Section 2(c)
applies to the plan, the adjusted funding target attainment percentage for a plan year shall be determined in accordance with the “Special Rule for Certain Years” under § 436G)(3) of the Internal Revenue Code (except as provided under
section 203(b) of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, if applicable). 
 (d)
Interpretation of Provisions. The limitations imposed by this section of the plan shall be interpreted and administered in accordance with§ 436 of the Internal Revenue Code and§ 1.436-1 of the Treasury Regulations. 

8. Definitions. The definitions in the following Treasury Regulations apply for purposes of Sections 1 through 7: § 1.436-1(j)(1)
defining adjusted funding target attainment percentage; § 1.436-1(j)(2) defining annuity starting date; § 1.436-1(j)(6) defining prohibited payment; § 1.436-1(j)(8) defining section 436 measurement date; and § 1.436-1(j)(9)
defining an unpredictable contingent event and an unpredictable contingent event benefit. 
 9. Effective Date. The rules in Sections
1 through 8 are effective for plan years beginning after December 31, 2007. 

  
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	MACDERMID, INCORPORATED
		
	By:	 	 /s/ Frank J. Monteiro

	
	Its CFO
	
	Date: 11/2/12

  
 9Exhibit 10.9

 Exhibit 10.9 

AMENDMENT NO. 1 
 TO

 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

(As Previously Amended and Restated) 

Reference is made to the MacDermid, Incorporated Supplemental Executive Retirement Plan (the “Plan”) established effective initially
as of April 1, 1994. 
 WHEREAS, Section 5.4 of the Plan provides that the Board of Directors of MacDermid, Incorporated (the
“Company”) may amend the Plan at any time by action of the Board and execution of a written instrument by an authorized officer of the Company; and 

WHEREAS, the Plan heretofore has been amended and restated most recently on July 11, 2013; and 

WHEREAS, the Company desires to amend the Plan further, effective December 31, 2013, to cease the accrual of additional benefits under
the Plan and to cause accrued benefits as of the effective date of such amendment to become fully vested (i.e., nonforfeitable) as of such date; 

NOW, THEREFORE, pursuant to the provisions of Section 5.4 and every other power enabling it to do so, the Company, acting through its
Board of Directors, hereby amends the Plan, effective December 31, 2013, as follows: 
 1. The Preamble is amended by deleting the
fifth paragraph thereof in its entirety and by inserting in lieu thereof the following, provided however that the reference in such insert to “November 29, 2013” shall be conformed to the date on which this instrument is executed:
“WHEREAS, the Board of Directors of the Company has further amended and restated the Plan on November 29, 2013 in the form set forth in this instrument.” 

2. Section 1.8 is hereby amended by deleting the period at the end of the first (and only) sentence thereof and by inserting in lieu
thereof the following: “, provided however that no individual shall be designated after December 31, 2013 to participate in the Plan or otherwise first become eligible to participate in the Plan after December 31, 2013.” 

3. Section 2.1 is hereby amended as follows: 

(i) By deleting from the first sentence thereof that portion of said first sentence that precedes clause (b), and by inserting
in lieu of the portion thus deleted, the following: 
 “Subject to Section 2.4 and Section 2.5, the Supplemental Pension
Benefit payable to a Participant who (i) retires under the Pension Plan (a) as the result of Disability, or (b) upon or after the attainment of such Participant’s Early Retirement Date, or (ii) separates from service after
December 31, 2013, shall be equal to the excess, if any, of: 
 (a) the benefit that would be payable to the Participant under the
Pension Plan if the limitations of section 401(a)(17) and section 415 of the Code did not apply, and had not applied, to the Pension Plan, provided however that in determining the amount of such benefit for purposes of the Plan, compensation earned
and services rendered after December 31, 2013 shall be disregarded, over”; and 

 (iii) By deleting in its entirety that portion of the second sentence of such
Section that precedes the clause (ii), and by inserting in lieu of the portion thus deleted the following: “The Participant’s benefit in each case shall be determined as of the date of his or her retirement, Disability or post-2013
separation from service, as the case may be, in the form of a single lump sum payable (a) in the case of a retirement other than for Disability, six months and one day following the Participant’s retirement, or (b) in the case of a
retirement for Disability, the first day of the month next following the Participant’s Disability, or (c) in the case of a post-2013 separation from service not described in the preceding clause (a) or (b), upon the later of the
Participant’s Early Retirement Date or the date that is 60 days after the Participant’s separation from service, or”; 

(iv) By inserting immediately after the final sentence thereof the following new sentence: “Notwithstanding any provision
of the Plan or the Pension Plan to the contrary, for purposes of determining an individual’s eligibility for, and the amount of, a Supplemental Pension Benefit, compensation earned and service rendered after December 31, 2013 shall be
disregarded.” 
 4. Section 2.2 is hereby amended by inserting immediately after the final sentence thereof the following new
sentence: “Notwithstanding any provision of the Plan or the Pension Plan to the contrary, for purposes of determining a beneficiary’s (or surviving spouse’s or estate’s) benefit under this Section 2.2, compensation earned
and service rendered after December 31, 2013 by a Participant shall be disregarded.” 
 (i) By deleting from the
first sentence thereof clause (a) in its entirety and by inserting in lieu thereof the following: 
 “(a) the benefit that would be
payable to the Participant under the Pension Plan if the limitations of section 401(a)(17) and section 415 of the Code did not apply, and had not applied, to the Pension Plan, provided however that in determining the amount of such benefit for
purposes of the Plan, compensation earned and services rendered after December 31, 2013 shall be disregarded, over”; and 
 5.
Section 2.3 is hereby amended by deleting the first (and only) sentence thereof in its entirety and by inserting in lieu thereof the following new sentence: 

“Notwithstanding any other provision of the Plan, a Participant who separates from service with the Company (i) prior to
January 1, 2014 for any reason other than Disability before his or her Early Retirement Date and before completing five or more Years of Service shall not be entitled to any benefit under the Plan and shall, upon his or her termination, be
deemed to have received a distribution of zero benefits hereunder in full satisfaction of all amounts to which such Participant (or such Participant’s beneficiaries) is or may become entitled under the Plan, and (ii) after
December 31, 2013 shall be entitled to a benefit in accordance with Section 2.1 or 2.2, as applicable.” 

  
 2 

 6. Section 2.4(a) is hereby amended by inserting, immediately after the phrase “a
Participant’s employment with the Company is terminated ....” the following: “prior to January 1, 2014.” 
 7.
Article II is hereby amended by inserting immediately after Section 2.4 the following new Section: 
 “2.5 Cessation of Benefit
Accrual. Notwithstanding any provision of the Plan to the contrary, (i) no individual who is not a Participant in the Plan as of December 31, 2013 shall be eligible to become a Participant, and (ii) no Participant (or beneficiary
of such Participant) shall accrue any additional right or benefit under the Plan after December 31, 2013. Notwithstanding any other provision of the Plan to the contrary, in determining, for purposes of the Plan, the value of a
Participant’s retirement benefit (or death benefit) under the Pension Plan, (1) compensation earned by or credited to a Participant after December 31, 2013, shall be excluded from the computation of a Participant’s Average
Monthly Compensation, Final Average Compensation, and Covered Compensation; and (2) service rendered by or credited to a Participant after December 31, 2013 shall be excluded from the computation of a Participant’s Credited
Service.” 
 7. Section 5.11 is hereby amended by inserting immediately after the final sentence thereof the following:
“Without limiting the foregoing, for purposes of the Plan, the terms “retire,” “termination of employment” and “separation from service” shall have the meaning ascribed to “separation from service” under
Section 409A of the Code and the Treasury Regulations promulgated thereunder.” 
 IN WITNESS WHEREOF, MacDermid, Incorporated has
caused this instrument to be executed in its name and on its behalf by an officer of the MacDermid, Incorporated, duly authorized for such purpose, as of December 13th, 2013. 

 

	
	MacDermid, Incorporated
	
	 /s/ Daniel H. Leever

	Name:  Daniel H. Leever
	Title:    CEO

  
 3

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