Document:

EX-10.1

 Exhibit 10.1 

Form of Retention Agreement 

Date 
 Name 

Address 
 Re: Retention Agreement 

Dear                 : 

On behalf of Air Products and Chemicals, Inc., I am pleased to provide you with this key employee retention agreement (the “Agreement”). The terms
of the Agreement are as follows: 
 1. Retention Bonus. In addition to your current salary, long- and short-term incentive
opportunities, and other compensation and benefits (including, without limitation, severance benefits), you are eligible to receive additional compensation in the amount of $1,000,000.00 (the “Retention Bonus”). 

2. Conditions and Timing of Payment. 

2.1. You will be entitled to the payment of the Retention Bonus if you remain employed by the Company through the earliest of the following:

  

	 	1.	1 December 2015; 

  

	 	2.	Your involuntary termination of employment by the Company other than for Cause (as defined below); or 

  

	 	3.	Your voluntary termination of employment by the Company for Good Reason (as defined below). 

2.2. The Retention Bonus will be paid, subject to applicable withholding taxes, no later than 30 days after the earliest of the events
described in subsection 2.1. 
 2.3. Definitions. For purposes of this Agreement, the following terms shall have the meanings
ascribed: 
  

	 	a)	 “Cause” shall mean (a) your willful failure to substantially perform your duties with the Company (other than a failure due to your
personal illness or temporary disability covered by the Company’s salary continuation program or following your delivery to the Company of notice of Good Reason as described below), after a demand for substantial performance is delivered, which
demand shall identify the manner in which the Company believes that you have not substantially performed your duties, (b) your willful and serious misconduct that has caused or would reasonably be expected to result in material injury to the
Company or any of its affiliates, (c) your conviction of, 

	 	
or entering a plea of nolo contendere to, a crime that constitutes a felony, (d) your engaging (i) in repeated acts of insubordination or (ii) an act of dishonesty,
(e) your violation of any provision of the Company’s Code of Conduct, or (f) your breach of Section 3 of this Agreement. 

  

	 	b)	“Good Reason” shall mean the occurrence of any of the following without your consent: 

  

	 	(i)	A material adverse change in your position or office with the Company, including, without limitation, your dismissal from membership on the Corporate Executive Committee or any successor thereto or a material diminution
in your duties, reporting responsibilities and authority with the Company; or an assignment to you of duties or responsibilities, which are materially inconsistent with your status or position with the Company; provided that:

  

	 	(A)	any of the foregoing in connection with termination of your employment for Cause, or due to voluntary retirement, death, or a disability causing your absence from work for more than 26 weeks shall not constitute
Good Reason; and 

  

	 	(B)	a change in position, office, duties, reporting responsibilities or authority shall not constitute Good Reason if, in your new role, you continue to report to the chief executive officer of the Company, perform a
significant policy making function at the enterprise level for the Company, and serve on the Corporate Executive Committee or any successor senior executive committee. 

 

	 	(ii)	Reduction of your base salary; provided, however, that a reduction in your base salary shall not constitute Good Reason if such reduction is no less favorable to you than the average annual percentage reduction during
the applicable Fiscal Year for all Highly Compensated Employees; 

  

	 	(iii)	A material reduction in your annual incentive opportunities under the Company’s Annual Incentive Plan or your long-term incentive opportunities under the Company’s Long-Term Incentive Plan without a
corresponding increase in other incentive compensation payable by the Company; provided, however, that a reduction in your annual or long-term incentive opportunities under the Annual or Long-Term Incentive Plans shall not constitute Good Reason if
such reduction is on a basis no less favorable to you than the basis upon which the Company reduces the annual or long-term incentive opportunities payable to all Highly Compensated Employees during the applicable Fiscal Year; or 

 

	 	(iv)	 A material reduction in your aggregate Company provided benefits under the Company’s employee pension benefit, life insurance, medical, dental,
health and accident, disability, severance, and paid 

  
 2 

	 	
vacation plans, programs, and practices; provided, however, that a reduction in the aggregate benefits payable to you shall not constitute Good Reason if such reduction is on a basis no less
favorable to you than the basis on which the Company reduces aggregate benefits provided with respect to Highly Compensated Employees; and a discontinuation of international assignment benefits and payments upon termination of an international
assignment shall not constitute Good Reason if occurring at a time and in a manner consistent with the Company’s International Assignment Policy as in effect on the date of this Agreement. 

Notwithstanding anything to the contrary contained herein, your termination of employment will not be treated as for Good Reason as the result
of the occurrence of any event specified in the foregoing clauses (i) through (iv) (each such event, a “Good Reason Event”) unless, within 90 days following the occurrence of such event, you provide written notice to the
Company of the occurrence of such event, which notice sets forth the exact nature of the event and the conduct required to cure such event. The Company will have 30 days from the receipt of such notice within which to cure such event (such
period, the “Cure Period”). If, during the Cure Period, such event is remedied, you will not be permitted to terminate your employment for Good Reason. If, at the end of the Cure Period, the Good Reason Event has not been remedied, your
voluntary termination will be treated as for Good Reason during the 90-day period that follows the end of the Cure Period. If you do not terminate employment during such 90-day period, you will not be permitted to terminate employment and receive
the payments and benefits set forth under this Agreement as a result of such Good Reason Event. 
  

	 	c)	“Highly Compensated Employee” shall mean the highest paid one percent of employees of the Company together with all corporations, partnerships, trusts, or other entities controlling, controlled by, or under
common control with, the Company. 

 3. Confidentiality. You shall not publicize or disclose the terms of this
Agreement, either directly or through any other person, either in specific or as to general content, to any person, specifically including (but not limited to) any employee or former employee of the Company, except and only to the extent that you
are required to do so by applicable law or regulation. Your agreement to keep confidential the terms of this Agreement extends to all persons other than your spouse or domestic partner, attorneys, accountants, financial advisers, or other
professionals who have a legitimate need to know the terms of this Agreement in order to render professional advice or services to you, and then only as reasonably necessary for rendering such advice or services. You agree not to identify or reveal
any terms of this Agreement except as otherwise permitted herein and agrees that you will direct your spouse or domestic partner, accountants, attorneys, and other agents not to disclose this Agreement or any terms hereof. Any publication or
disclosure of this Agreement or of any of its terms by you, by your spouse or domestic partner, or by any of your accountants, attorneys, or other agents shall be considered a breach of this Section 3. 

  
 3 

 4. Continued Employment. Nothing in this letter agreement modifies the “at-will”
nature of your employment with the Company. The terms of this Agreement do not and are not intended to create either an express or implied contract of employment with the Company for any particular period of time, and either party may terminate the
employment relationship at any time for any reason or no reason. 
  

	
	Very truly yours,
	
	  

	John E. McGlade
	Chairman, President, and
	Chief Executive Officer

 Agreed to this      day of             
2014. 
  

			
	 By:
	 	  

  
 4Exhibit 10.20

 EXHIBIT 10.20 

PLATFORM SPECIALTY PRODUCTS CORPORATION 

401(K) EXCHANGE 

INDICATION OF INTEREST AND FORM OF ELECTION 

January [•], 2014 
 Dear
[•], 
 Pursuant to the terms of the Exchange Agreement, dated as of October 25, 2013, by and among Platform Specialty Products
Corporation (“Platform”) and Daniel H. Leever, Sharon L. Johnson and Frank J. Monteiro, as fiduciaries (collectively, the “Fiduciaries”) under the MacDermid, Incorporated Profit Sharing and Employee Savings Plan
(the “Plan”), as described in the prospectus dated January [•], 2014 attached hereto as Annex A (the “Prospectus”), Platform agreed to acquire all of the shares of MacDermid, Incorporated
(“MacDermid”) held in trust for each participant of the Plan (each a “Beneficial Owner”), consisting of 1,514,371.01 shares of common stock of MacDermid, no par value (the “MacDermid Common Stock”),
and 1,469 shares of MacDermid 9.5% Series B Cumulative Compounding Preferred Stock, no par value (the “MacDermid Preferred Stock”). 

In accordance with the terms of the Exchange Agreement, each share of MacDermid Common Stock and MacDermid Preferred Stock will be exchanged,
at the election of each Beneficial Owner, for: (a) cash or (b) shares of Platform common stock, par value $0.01 per share (“Platform Common Stock”) ((a) and (b), collectively, the “Exchange”). As a
Beneficial Owner, you are being given the opportunity to elect, pursuant to the enclosed Indication of Interest and Form of Election (the “Form of Election”), for the shares of MacDermid Common Stock and/or MacDermid Preferred Stock
held beneficially in your name: 
  

	 	1.	a cash payment (the “Cash Election”) in the amount of:

 the sum of 

	 	(a)	$1,038.26 multiplied by (b) the number of shares of MacDermid Preferred Stock held in your 401(k) account, plus 

	 	(x)	$12.84 multiplied by (y) the number of shares of MacDermid Common Stock held in your 401(k) account (the “Aggregate Cash Election Consideration”); or 

 

	 	2.	shares of Platform Common Stock (the “Stock Election”) in the amount of:

 the
sum of 

	 	(a)	$1,038.26 multiplied by (b) the number of shares of MacDermid Preferred Stock held in your 401(k) account, plus 

	 	(x)	$12.84 multiplied by (y) the number of shares of MacDermid Common Stock held in your 401(k) account, 

  

	 	    	divided by $11.00 (the value of a share of Platform Common Stock as agreed to in the Exchange Agreement) (the “Stock Election Consideration”). 

You may not combine the Cash Election with the Stock Election even if you own shares of both MacDermid Common Stock and MacDermid Preferred
Stock. You must elect either a Cash Election or a Stock Election with respect to all shares that you Beneficially Own. 
 To the extent
that you choose the Stock Election, if the average daily closing price per share of the Platform Common Stock on the New York Stock Exchange (“NYSE”) for the five consecutive trading days ending on the trading day immediately prior
to the closing date of the Exchange (the “Trading Price”) is below $11.00, then Platform will deliver to the Trustee, for the benefit of those Beneficial Owners choosing the Stock Election, a cash payment equal to (A) the
difference between $11.00 and the Trading Price multiplied by (B) the number of shares of Platform Common Stock to be delivered to such Beneficial Owner. 

You must make your elections, and return the Form of Election to the Fiduciaries, on or before [•], 2014. If you do not return
your Form of Election by [•], 2014, you will receive cash for all of your shares of MacDermid Common Stock and MacDermid Preferred Stock. Your election must include all of your shares of MacDermid Preferred Stock and MacDermid
Common Stock held by the Plan for your benefit. 
 Please carefully review the enclosed Prospectus and the enclosed “Instructions
for Completing the Form of Election.” Once you have carefully reviewed the Prospectus and the enclosed instructions, please make your election on the Form of Election and return the executed and completed Form of Election by fax or e-mail to:

 Frank J. Monteiro 
 Fax: (203)
575-7970 
 Email: [•] 

 INDICATION OF INTEREST 

AND 
 FORM OF
ELECTION 
 I certify that I have complied with all requirements as stated in the Instructions contained herein, am the Beneficial
Owner of the shares of MacDermid Common Stock and/or MacDermid Preferred Stock under the Plan, as designated on this Form of Election, have full authority to give the instructions in this Form of Election, and I represent and warrant that the shares
designated on this Form of Election are free and clear of all liens, restrictions, adverse claims and encumbrances. 
  

					
	 1
	  	Name, Address, Telephone Number and Signature: This form must be signed by the Beneficial Owner exactly as his or
her name appears on the records of the Plan
	 		 
	 	  	  

Print Name
  

Address
  

Address
  

Address
  

Daytime Telephone Number:
  

Signature:
  

Date:
  
	  	 

					
	 PLACE AN “X” IN ONE ELECTION BOX ONLY

 

	 	 	 
	    2
	  	  ̈
	  	Cash Election for all shares of MacDermid Common Stock and all shares of MacDermid Preferred Stock Beneficially Owned by you.
	 	 	 
	    3
	  	  ̈
	  	Stock Election for all shares of MacDermid Common Stock and all shares of MacDermid Preferred Stock Beneficially Owned by you.

			
	
INSTRUCTIONS FOR COMPLETING THE FORM OF ELECTION

 

	    1	  	 Sign, date and include your address and daytime telephone number in Box 1 of this
Form of Election and, after completing all other applicable sections, return this Form of Election by fax or e-mail to:
  

	 Frank
J. Monteiro
 Fax: (203) 575-7970

Email: [•]
  

	    2	  	 If you are choosing the Cash Election, please check Box 2 of this Form of
Election.
  

	    3	  	 If you are choosing the Stock Election, please check Box 3 of this Form of
Election.
  

	 	  	 Please refer to the accompanying Instructions in
your packet for additional information. Please carefully review the enclosed Prospectus for additional information with respect to the Exchange and the Exchange Agreement.

 

 This Form of Election is to be completed and submitted to the Fiduciaries not later than twenty business
(20) days from the date first set forth on the cover page to the Form of Election (such twenty (20) business day period, the “Indication of Interest Period”). Promptly following the closing of the Exchange, Platform will
(i) forward to the Trustee, for your benefit the Aggregate Cash Election Consideration, to the extent a Cash Election was made, and/or (ii) cause the issuance of the Stock Election Consideration, to the extent a Stock Election was made.
You may change your election during the Indication of Interest Period by providing notice of such change to the Fiduciaries. 
 If the
Fiduciaries have not RECEIVED a properly completed and signed Form of Election from you at the designated office of Fiduciaries immediately prior to the expiration of the Indication of Interest Period (the “Election
Date”), you shall be deemed to have made no election and the Fiduciaries shall make or cause the Trustee to make the Cash Election on your behalf. 

By your signature on this Form of Election, you (1) acknowledge receipt of the Prospectus and agree that all elections, instructions and
orders in the Form of Election are subject to the terms and conditions of the Exchange Agreement, the Prospectus and the instructions applicable to this Form of Election; (2) represent and warrant that you are, as of the date of making the
election, and will be, as of the effective time of the closing of the Exchange, the Beneficial Owner of the shares of MacDermid Common Stock and/or MacDermid Preferred Stock represented by the shares designated on this Form of Election, with good
title to those shares and full power and authority (i) to sell, assign and transfer those shares free and clear of all liens, restrictions, charges and encumbrances and not subject to any adverse claims and (ii) to make the election
indicated on the Form of Election; (3) agree that you will, upon request, execute any additional documents necessary or desirable to complete the surrender and exchange of the shares of MacDermid Common Stock and/or MacDermid Preferred Stock
designated in this Form of Election; (4) irrevocably appoint the Fiduciaries, as your agent, to effect the exchange pursuant to the Exchange Agreement and the instructions to this Form of Election; (5) authorize and instruct the
Fiduciaries and/or Trustee to deliver all of your shares of MacDermid Common Stock and/or MacDermid Preferred Stock covered by this Form of Election, and to receive on your behalf, in exchange for such shares, any check and/or any shares of Platform
Common Stock issuable to the signatory of this Form of Election; (6) authorize the Fiduciaries and/or Trustee to follow any election and to rely upon all representations, certifications and instructions contained in the Form of Election; and
(7) agree that all authority conferred or agreed to be conferred in this Form of Election is binding upon your successors, assigns, heirs, executors, administrators and legal representatives and is not affected by, and survives, your death or
incapacity. 
 IRREGULARITIES 
 Any
disputes regarding your election or the elections made by other Beneficial Owners will be resolved by the Fiduciaries (in consultation with the Trustee) and the decision will be final for all parties concerned. Trustee has delegated to the
Fiduciaries the right, subject to reasonable discretion, to reject any and all Forms of Election which it determines are not in proper form or to waive minor defects in any Form of Election. Surrenders of shares will not be effective until all
defects or irregularities that have not been waived by the Fiduciaries have been corrected. None of the Fiduciaries, Platform or Trustee is under any obligation to provide notification of any defects in the deposit and surrender of any shares of
MacDermid Stock, nor shall the Fiduciaries, Platform or Trustee be liable for any failure to give any such notification. Please return your Form of Election promptly to allow sufficient time to correct any possible deficiencies before the Election
Date. 

 ANNEX A 

PROSPECTUS

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