Amendment to Supplementary Pension Plan of Air Products and Chemicals, Inc. (Officer's Certificate)

Lynn C. Minella

Summary

This document, executed by Lynn C. Minella, Senior Vice President of Human Resources and Communications at Air Products and Chemicals, Inc., amends the company's Supplementary Pension Plan effective January 1, 2008. The amendment updates the method for determining the discount rate for delayed distributions to key employees and clarifies the default annuity option if an employee does not make a timely election. The changes are made pursuant to delegated authority and are intended to clarify plan administration for eligible employees.

EX-10.5 6 y76075exv10w5.htm EX-10.5 EX-10.5

Exhibit 10.5

AIR PRODUCTS AND CHEMICALS, INC.
OFFICER’S CERTIFICATE

I, Lynn C. Minella, Senior Vice President of Human Resources and Communications of Air Products and Chemicals, Inc. (the “Company”), pursuant to the authority delegated to me in the attached Officer’s Certificate, do hereby amend the Supplementary Pension Plan of Air Products and Chemicals, Inc., as Amended and Restated Effective January 1, 2008 (the “Plan”), as follows:

1.		Effective 1 January 2008, the last sentence of Section 3.5(b) is amended to read as follows: “The discount rate as described in Section 3.6(b)(ii), or Section 3.9(b) if applicable, as it would have applied on the Annuity Starting Date shall be used to adjust the delayed distributions to Key Employees.”

2.		Effective 1 January 2008, at the end of Section 3.6, the following sentence is added: “If the Employee elects an annuity under section (i) above and does not elect the form of the annuity prior to the Annuity Starting Date, the Employee shall be deemed to have elected Option B as set forth in Section 5.2 of the Salaried Pension Plan, substituting the benefit determined under Section 3.2 above for the benefit determined under Article IV of the Salaried Pension Plan.”