THIS EMPLOYMENT AGREEMENT, made and entered into as of the 1st day of January 2001, by and between QUAKER
CHEMICAL CORPORATION, a Pennsylvania corporation (hereinafter referred to as “QUAKER”), and L. WILBERT PLATZER
(hereinafter referred to as “EXECUTIVE”).
EXECUTIVE has been employed with Quaker Chemical Europe B.V., a Quaker affiliated company, at various positions
including, most recently, as its Managing Director. QUAKER now wishes to employ EXECUTIVE as a Vice President-
Worldwide Operations, and EXECUTIVE wishes to be employed by QUAKER in that position.
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:
Effective as of the date written above QUAKER agrees to employ EXECUTIVE, and EXECUTIVE agrees to serve as
Quaker’s Vice President-Worldwide Operations . He shall perform all duties consistent with such position as well as any
other duties that are assigned to him from time to time by the President, Chief Executive Officer, or the Board of Directors
of QUAKER. EXECUTIVE covenants and agrees that he will, during the term of this Employment Agreement or any
extension or renewal thereof, devotes his knowledge, skill, and working time solely and exclusively to the business and
interests of QUAKER.
Since EXECUTIVE’s new position is with QUAKER, EXECUTIVE’s employment contract with Quaker Chemical B.V. dated
March 1, 1996, as amended per a letter dated July 23, 1999, is hereby terminated as of December 31, 2000, and has no
continuing legal effect other than recognizing years of service for any applicable benefits to be extended pursuant to this
Except as otherwise provided for in Paragraph 10, the term of EXECUTIVE’s employment shall continue for an indefinite
period of time. The employment may be terminated by either party with due observance of the statutory notice