EXHIBIT 10 (ff)
QUAKER CHEMICAL CORPORATION
DEFERRED COMPENSATION PLAN
The purpose of the Quaker Chemical Corporation Deferred Compensation Plan (the "Plan") is to provide certain
key management employees of Quaker Chemical Corporation, and its subsidiary companies (Quaker Chemical
Corporation and such subsidiaries are collectively hereinafter referred to as the "Company") with the opportunity
to defer a portion of the compensation otherwise payable to them as employees of the Company in accordance
with the provisions of the Plan, as hereinafter set forth. The Plan is intended to be an unfunded plan maintained
primarily to provide deferred compensation for a select group of management or highly compensated employees
within the meaning of section 201(2) of the Employee Retirement Income Security Act of 1974, as amended.
DEFINITIONS AND CONSTRUCTION
Section 1.1 Definitions. Whenever used in this Plan:
(a) "Beneficiary" means any individual or entity designated by a Participant pursuant to Section 4.3 to receive
death benefits described in
Section 4.3 subsequent to the Participant's death.
(b) "Board" or "Board of Directors" or "Directors" means the Board of Directors or other governing body of
Quaker Chemical Corporation, a Pennsylvania corporation.
(c) "Change in Control" means and shall be deemed to have occurred if: (i) any person (a "Person"), as such term
is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
(other than (1) the Company and/or its wholly subsidiaries; (2) any ESOP or other employee benefit plan of the
Company and any trustee or other fiduciary in such capacity holding securities under such plan; (3) any
corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same
proportions as their ownership of stock the Company; or (4) any other Person who is as of the date of this
Agreement presently an executive officer of the Company or any group of Persons of whi