QUAKER CHEMICAL CORPORATION
1993 LONG-TERM PERFORMANCE INCENTIVE PLAN
1. PURPOSE OF THE PLAN
This Long-Term Performance Incentive Plan (the "Plan") has been established to provide incentives and awards
to those employees largely responsible for the long-term success of the Quaker Chemical Corporation (the
"Company") and its subsidiaries. In addition, the Plan is intended to enable the Company to attract and retain
executives in the future and to encourage key employees to acquire a proprietary interest in the performance of
the Company by purchasing and owning shares of Common Stock of the Company.
2. GENERAL PROVISIONS
As used in the Plan:
(a) "Act" means the Securities Exchange Act of 1934, as amended.
(b) "Board of Directors" means the Board of Directors of the Company.
(c) "Code" means the Internal Revenue Code of 1986, as amended.
(d) "Committee" means the Long-Term Performance Incentive Committee of the Board of Directors.
(e) "Common Stock" means the Common Stock, par value $1.00 per share, of the Company.
(f) "Fair Market Value" means, with respect to the date a given Stock Option or Stock Appreciation Right is
granted or exercised, the last sale price (or, if no last sale price is reported, the average of the high bid and low
asked price) for a share of Common Stock in the over-the-counter market, as reported on NASDAQ or, if not
reported on NASDAQ, as quoted by the National Quotation Bureau Incorporated, or, if the Common Stock is
listed on a national securities exchange, on the principal exchange on which the Common Stock is listed. If for
any day the Fair Market Value of a share of Common Stock is not determinable by any
of the foregoing means, then the Fair Market Value for such day shall be determined in good faith by the
Committee on the basis of such quotations and other considerations as the Committee deems appropriate.
(g) "Incentive Stock Option" means an option granted under the Plan, which is intended to qualify as an ince