QUAKER CHEMICAL CORPORATION
2001 GLOBAL ANNUAL INCENTIVE PLAN
(Effective January 1, 2001)
The Quaker Chemical Corporation 2001 Annual Incentive Plan (the "Plan") is designed to reward those
employees of Quaker Chemical Corporation (the "Company") and majority-owned subsidiaries who are eligible
to participate in the Plan for achieving performance objectives that are important to the Company and its
shareholders. The Plan is intended to provide an incentive for superior work and to motivate participating
employees toward even higher achievement and business results, to increase shareholder value, to tie their goals
and interests to those of the Company and its shareholders, and to enable the Company to attract and retain
highly qualified executive officers. The Plan is also intended to secure the full deductibility under the provisions of
Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code") of the bonus compensation
paid under the Plan to those participating employees of the Company who are "Covered Employees" (as
1.1 "Annual Base Salary" shall mean the salary of a Participant determined on an annualized basis by reference to
the base rate of pay in effect for such Participant as of September 30th of the current Plan Year.
1.2 "Board" shall mean the Board of Directors of the Company.
1.3 "Code" shall mean the Internal Revenue Code of 1986, as amended (the "Code").
1.4 "Committee" shall mean the Compensation/Management Development Committee of the Board and such
other committee or committees as may be designated to act as the administrative committee under the Plan by the
Board, at its discretion, from time to time. Where more than one committee has been designated for these
purposes, each such committee shall act as the Committee under the Plan with respect to different Participants or
groups of Participants (which may be designated individually or by classification) as established at the t