THIS EMPLOYMENT AGREEMENT, made and entered into as of the 17th_day of July 1996, by and
between QUAKER CHEMICAL CORPORATION, a Pennsylvania corporation (hereinafter referred to as
"QUAKER"), and JOSEPH F. VIRDONE (hereinafter referred to as "VIRDONE").
W I T N E S S E T H:
WHEREAS, QUAKER wishes to employ VIRDONE, and VIRDONE wishes to be employed by QUAKER.
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, and intending to
be legally bound hereby, the parties hereto agree as follows:
1. QUAKER agrees to employ VIRDONE, and VIRDONE agrees to serve as Vice President, U.S.
Commercial Operations of QUAKER. He shall perform all duties consistent with such position as well as any
other duties which are assigned to him from time to time by the Board of Directors or President of QUAKER.
VIRDONE covenants and agrees that he will, during the term of this Employment Agreement or any extension or
renewal thereof, devote his knowledge, skill, and working time solely and exclusively to the business and interests
2. The term of VIRDONE's employment shall continue until December 31, 1996 and continuing thereafter until
either party hereto shall have given the other at least ninety (90) days' written notice of a desire to terminate.
3. QUAKER shall pay to VIRDONE and VIRDONE shall accept an annual rate of salary as set forth in Exhibit
A attached hereto, payable semi-monthly, during the term of this Employment Agreement or any extension or
4. VIRDONE shall participate in such QUAKER Incentive Programs as described and set forth in Exhibit A. As
an Officer of QUAKER, the particulars of Exhibit A may be amended by the Board of Directors at any time as
to any matter set forth therein including rate of annual salary, eligibility to participate in any given QUAKER
incentive plan, the level of participation in any QUAKER incentive plan, and the terms and conditions of any
QUAKER incentive plan. Any cha