Amendment No. 1 to Sensient Technologies Corporation Directors' Deferred Compensation Plan

Summary

This amendment updates the Directors' Deferred Compensation Plan for Universal Foods Corporation, now doing business as Sensient Technologies Corporation. The changes reflect the company's new name, the shift of its fiscal year to the calendar year, and adjust how interest income is credited to directors' accounts. The amendment is effective as of specified dates in 2000 and is contingent on shareholder approval for the name change. The plan continues to provide deferred compensation benefits to eligible directors.

EX-10.1(H)(1) 6 0006.txt AMNT #1 DIRECTORS DEFERRED COMPENSATION PLAN EXHIBIT 10.1(h)(1) AMENDMENT NO. 1 TO THE UNIVERSAL FOODS CORPORATION DIRECTORS' DEFERRED COMPENSATION PLAN WHEREAS, Universal Foods Corporation d/b/a Sensient Technologies Corporation (the "Company") sponsors the Universal Foods Corporation Directors' Deferred Compensation Plan (the "Plan") for eligible directors of the Company; and WHEREAS, the Company's fiscal year has changed to the calendar year; and WHEREAS, the Company has changed its name to Sensient Technologies Corporation, subject to shareholder approval at the annual meeting of shareholders scheduled to be held in April 2001; and WHEREAS, the Company wishes to amend the Plan to reflect such changes and other matters relating thereto. NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the dates noted below: 1. Effective as of November 6, 2000, the Plan shall be known as the: "Sensient Technologies Corporation Directors' Deferred Compensation Plan". 2. Effective as of November 6, 2000, Section 1. is amended in its entirety to read as follows: "1. Establishment. The Sensient Technologies Corporation Directors' Deferred Compensation Plan (the "Plan") was established for the benefit of eligible members of the Board of Directors of Universal Foods Corporation d/b/a Sensient Technologies Corporation and, effective upon approval of the shareholders, to be known as Sensient Technologies Corporation (the "Company"). The Plan is administered by the Company, and the plan year is the fiscal year of the Company." 3. Effective as of October 1, 2000, the last sentence of Section 6. is amended in its entirety to read as follows: "For fiscal years ending prior to October 1, 2000, such interest income shall be credited to the Account on each September 30 on which there is a balance in a Director's Account, and for each fiscal year ending after October 1, 2000, such interest income shall be credited to the Account on each December 31 on which there is a balance in a Director's Account." IN WITNESS WHEREOF, this Amendment has been duly executed this 12th day of December, 2000. UNIVERSAL FOODS CORPORATION d/b/a SENSIENT TECHNOLOGIES CORPORATION By: /s/ Richard Carney ------------------------------------ 2