EXHIBIT 10.1(t)(2) AMENDMENT NO. 3 TO THE UNIVERSAL FOODS CORPORATION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN B WHEREAS, Universal Foods Corporation d/b/a Sensient Technologies Corporation (the "Company") sponsors the Universal Foods Corporation Supplemental Executive Retirement Plan B (the "Plan") for eligible employees of the Company who have satisfied the eligibility requirements of the Plan; 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 change and other matters relating thereto. NOW, THEREFORE, the Plan is hereby amended as follows effective as of November 6, 2000: 1. The Plan shall be known as the: "Sensient Technologies Corporation Supplemental Executive Retirement Plan B". 2. Section 1. of the Plan is amended in its entirety to read as follows: "SECTION 1. PURPOSE The purpose of the Sensient Technologies Corporation Supplemental Executive Retirement Plan B (the "Plan") is to enable Universal Foods Corporation d/b/a Sensient Technologies Corporation, and, effective upon shareholder approval, to be known as Sensient Technologies Corporation (the "Company") to attract, retain, and motivate certain key employees and to provide retirement and survivor benefits for the employees, their surviving spouses and designated beneficiaries. The Company intends the Plan to be a non-qualified supplemental executive retirement plan for certain key employees, as designated and described herein." 3. Paragraph A. of Section 2. is amended in its entirety to read as follows: "A. 'Board of Directors' means the board of directors of the Company." 4. Paragraph E. of Section 2. is amended in its entirety to read as follows: "E. 'Company' means Universal Foods Corporation d/b/a Sensient Technologies Corporation and, effective upon approval of the shareholders, to be known as Sensient Technologies Corporation, and shall include all of its wholly-owned subsidiaries." 5. Section 19. is amended by replacing the reference to "Universal Foods Corporation" with "Sensient Technologies Corporation". 6. Exhibit A is amended throughout by replacing each reference to "Universal Foods Corporation" with "Sensient Technologies Corporation". 7. Exhibit B is amended throughout by replacing each reference to "Universal Foods Corporation" with "Sensient Technologies Corporation". IN WITNESS WHEREOF, this Amendment has been duly executed this 12th day of December, 2000. UNIVERSAL FOODS CORPORATION d/b/a SENSIENT TECHNOLOGIES CORPRORATION By: /s/ Richard Carney ------------------------------ 2