CYTEC EXCESS RETIREMENT BENEFIT PLAN
(as amended 9/23/98 and 5/11/00)
Effective as of January 1, 1994, Cytec Industries Inc. (the "Company") hereby establishes the Cytec Excess
Retirement Plan (the "Plan"). The Plan is intended to constitute an unfunded "excess benefit plan" as defined in
Section 3(36) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") which is
exempt from ERISA's provisions. The Plan provides benefits in excess of the limitations imposed by Section 415
of the Internal Revenue Code of 1986, as amended (the "Code") on the benefits of certain employees
participating in the Cytec Past Service Retirement Plan and the Cytec Salaried and Nonbargaining Employees'
Retirement Plan. The Plan is not a qualified plan under the Code and benefits are paid by or on behalf of the
The Plan is intended to replace that portion of the American Cyanamid Company and Subsidiaries ERISA
Excess Retirement Plan (the "Cyanamid Excess Plan") which provided benefits in excess of the limits imposed by
Section 415 of the Code. Pursuant to the Transfer and Distribution Agreement dated December 17, 1993
between American Cyanamid Company and Cytec Industries Inc., the Plan assumes such excess liabilities
attributable to employees of the Company and certain subsidiaries of the Company covered by the Cyanamid
Excess Plan on December 31, 1993 who became employees of an Employer on January 1, 1994.
1.1 "Actuarial Equivalent" means an amount or benefit of equal value based on the interest rate used by the
Pension Benefit Guaranty Corporation for purposes of determining the present value of lump sum distributions on
plan terminations, as the same is in effect from time to time, and the 1971 TPF&C Forecast Mortality Table (or,
at the discretion of the Pension Administration Committee, the most recent version of such table) with employee
ages set back one year and beneficiary ages set back five years.
1.2 "Board of Directors" means