Exhibit 10.4
March 4, 2005
Paul F. Rocheleau
9700 Cragmont Drive
Richmond, Virginia 23233
Dear Paul:
On May 8, 2002, Albemarle Corporation provided you a letter agreement outlining the terms of your employment with the Company. Item 8 of that letter outlines the agreement regarding a Change of Control. Upon further review and discussion with the Executive Compensation Committee, the Company would like to amend and replace the first sentence of Item 8 as follows:
“In the event a Change of Control were to occur and one or more of the following events happen with respect to your employment within a period of 24 months thereafter, you may resign and receive a lump sum payment and other benefits as described below.”
This amendment is effective as of March 4, 2005. By signing below, you acknowledge your acceptance of this amendment.
Sincerely,
/s/ Jack P. Harsh |
Jack P. Harsh |
Vice President, Human Resources |
/s/ Paul F. Rocheleau |
Paul F. Rocheleau |