Exhibit (a)10.2
EMPLOYMENT AGREEMENT
THIS AGREEMENT by and between Air Products and Chemicals, Inc., a Delaware corporation (hereinafter
"Air Products" or the "Company"), with its principal office in Allentown, Pennsylvania, and John R. Owings (the
"Executive"), an individual residing at 5851 Teal Lane, Long Grove, Illinois 60047, dated and effective as of April
18, 2002.
WHEREAS, the Board of Directors of the Company (the "Board"), upon the recommendation of the
Management Development and Compensation Committee of the Board (the "Committee"), has determined that it
is in the best interests of the Company and its shareholders to employ the Executive as the Chief Financial Officer
of the Company, and the Executive desires to serve in that capacity;
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
1. Employment Period. The Company shall employ the Executive, and the Executive shall serve the Company, on
the terms and conditions set forth in this Agreement, for the period beginning on or before June 1, 2002 (the
"Employment Date") and ending on May 31, 2007 (the "Employment Period"). The Employment Period shall
automatically renew beginning on June 1, 2007, for periods of one year unless one party gives written notice to
the other, at least 60 days prior to the end of the initial or any one-year renewal period, that the Agreement shall
not be further extended. In addition, the Executive's employment may be terminated as provided below in Section
4.
2. Position and Duties.
(a) During the Employment Period, the Executive shall be employed as the Chief Financial Officer of the
Company. The Executive shall report to the Chief Executive Officer of the Company (the "CEO") and perform
such duties for the Company as are related typically to the office of chief financial officer in the manner reasonably
directed by the CEO, in his sole discretion.
(b) During the Employment Period, and excluding any periods of vacation and absence due to intermittent illness
to which the Executive is entitled,