Group Insurance Precautionary Plan

Exhibit 10.9


(Translated from Dutch into English)


GROUP INSURANCE PRECAUTIONARY PLAN


Special stipulations


registered to


CYTEC SURFACE SPECIALTIES NV


Precautionary plan no. 07.3705
Drawn up on: 08.08.2005


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


NAME OF THE FIRM


CYTEC SURFACE SPECIALTIES NV


Anderlechtstraat 133 1620 DROGENBOS


PRECAUTIONARY PLAN NO.


07.3705


INITIATION DATE


March 1, 2005


AGENCY


This precautionary plan replaces the plan in effect on December 31, 2004 for the members of the Executive Committee of NV SURFACE SPECIALTIES (07.3571).


Failing any written notice to the contrary from the subscriber, the previously existing clauses that modify any benefit allotment also apply to the employer contribution contract in this plan.


Any contracts ensuing from this plan shall serve, if necessary, as a guarantee of possible policy advances allotted by the company on the previously existing contracts.


SUBSCRIBER CATEGORY


Members of the Executive Committee of CYTEC SURFACE SPECIALTIES NV.


EXECUTIVE COMMITTEE refers to the committee that directs the Group and sees to proper functioning of the current management. It consists of the CEO and the General Directors.


CEO refers to each person appointed as delegated administrator.


AXA-BB 2/15


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


SUBSCRIPTION CONDITIONS


Whatever the conditions stipulated below may be, they cannot have the result of postponing subscription until after the person to be insured reaches the age of 25.


- - subscribers must be employed by the company at the time this plan takes
effect or later, on the basis of an employment agreement signed for a
definite or indefinite duration and must hold a mandate as a member of the
Executive Committee in the company.


Subscription goes into effect starting on the first day of the month following the one in which the subscription conditions are met and not before this precautionary plan is initiated.


AXA-BB 3/15


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


DESCRIPTION OF THE PLAN - -----------------------


1 - PREMIUMS - --------------------------------------------------------------------------------


1.1. DESCRIPTION OF THE PREMIUMS


- - THE ANNUAL EMPLOYER CONTRIBUTION TO THE PENSION to be paid by the company
is x % x PAS x coefficient


in which


THE PENSIONABLE ANNUAL SALARY (PAS) refers to:


FOR THE EMPLOYEES: - ------------------


- - if a subscriber performs effectively for 12 months during the year that
serves as the calculation base: PAS refers to the subscriber's gross basic
monthly salary in the month of December of the year preceding the year of
payment of the employer contribution, calculated on the basis of full-time
employment and with exclusion of any variable salary, bonuses, fixed
compensation or any other supplementary advantage, multiplied by 12, plus
the amount of the thirteenth month paid in December of the relevant year
that serves as the calculation base and of the double vacation bonus paid
during that same year; plus all administrator premiums received during the
same year that serves as the calculation base for a mandate in a company of
the Group;


- - if a subscriber does not perform effectively for 12 months during the year
that serves as the calculation base (e.g. in case of leaving the company)
PAS refers to: the base salary of the most recent complete month of
subscription and performed during the year that serves as calculation base
calculated on the basis of full-time employment and with exclusion of any
variable salary, bonuses, fixed compensation or any other supplementary
advantage, multiplied by the number of months performed effectively, plus
the amount of the thirteenth month paid, if the occasion arises prorated
during the relevant year that serves as the calculation base and of the
amount paid as double vacation bonus during that same year; plus all
administrator premiums received for a mandate in a company of the Group
with offices abroad;


- - if subscription to this plan commences during the course of a year, the
first employer contribution shall be deposited in March of the next year
and shall be calculated on the basis of the calculated pensionable annual
salary as stipulated above, with the understanding that only the salaries
paid for the position held as subscriber are taken into consideration
(meaning from the time of subscription to the plan). The result of this is
that the salary of the most recent complete month of the subscription and
performed during the year that serves as the calculation base shall be
taken into consideration and multiplied by the number of months in
employment during the year that serves as calculation base;


- - in case of early retirement or starting at a time the subscriber no longer
meets the subscription conditions during the course of the year, the
pensionable annual salary that is taken into consideration shall be
calculated in proportion to the actual performance delivered;


- - moreover, the reference salary, under any assumption, shall be adopted if
the occasion arises


AXA-BB 4/15


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


for those subscribers who work part-time during the year that serves as
calculation base, depending on the part-time factor in effect in the year
that serves as calculation base. The part-time factor is equal to the
fraction, with the nominator representing the actually performed employment
system (meaning x % of full-time employment) and the denominator
representing the full-time employment system.


FOR INDEPENDENT EMPLOYEES: - --------------------------


- - PAS means the subscriber's gross monthly salary as decided by the company's
representative in the framework of the mandate practiced or, if the
occasion arises, decided in the service provision agreement signed with the
company and in effect in December of the year preceding the year of payment
of the employer contribution deposited by the company, with the exclusion
of every variable salary, bonuses, fixed compensation or any other
supplementary advantage, multiplied by 12, plus all administrator premiums
received during the year that serves as calculation base for a mandate in a
Group company. If the salary of the subscriber-independent employee is
established and/or expressed on an annual basis, this annual amount is
divided by 12 to obtain the amount of the gross monthly salary for the
month of December;


- - If subscription to this plan commences during the course of a year, the
first employer contribution shall be deposited in March of the next year
and shall be calculated on the basis of the calculated pensionable annual
salary as stipulated above, with the understanding that only the salaries
paid for the position held as subscriber are taken into consideration
(meaning from the time of subscription to the plan). The result of this is
that the salary of the most recent complete month of the subscription and
performed during the year that serves as the calculation base shall be
taken into consideration and multiplied by the number of months of
effective performance during the year that serves as calculation base;


- - in case of leaving the company or starting at the time the subscriber no
longer meets the subscription conditions during the course of the year, the
pensionable annual salary that is taken into consideration shall be
calculated in proportion to the actual performance delivered.


FOR THE INSURED PARTIES AND FOREIGN EMPLOYEES: - ----------------------------------------------


- - who work simultaneously in the territory of different nations and who
are/remain subscribers to the code, the pensionable annual salary during
the period of their multiple employment is equal to the pensionable annual
salary to be paid by the company as stipulated above; plus any other basic
salary (gross base salary actually received for employment as employee
and/or independent party in one or more Group companies), with the
exclusion of all variable salaries, bonuses, fixed compensation,
compensation typical for the employer or all other supplementary
advantages.


AXA-BB 5/15


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


Moreover, the stipulations that apply to part-time working subscribers
shall apply in the framework of this article.


in which


CONTRACT means:


FOR EMPLOYEES: the employment agreement


FOR INDEPENDENT EMPLOYEES: the service provision agreement signed with the
company


The "X" percentage and the coefficient are stipulated in the supplements to
this precautionary plan.


This premium reinforces the employer contribution contract "F".


- - LIMIT OF THE ANNUAL PENSION PREMIUM
-----------------------------------


The annual employer contribution to the pension may not insure "pension"
payments in any case that exceeds the one stipulated in article 16 of the
general stipulations entitled "Limit of the "pension benefits": fiscal
rule".


In case this limit is exceeded, the employer contribution shall be limited.


- - THE ANNUAL EMPLOYER CONTRIBUTION TO THE CAPITAL PAID OUT UPON DECEASE to be
paid by the company is the total annual premium required to insure this
capital, defined in point 2.3.


This premium reinforces the employer contribution contract "M".


1.2. PAYMENT AND CALCULATION OF THE PREMIUMS


The annual premiums of the year N stipulated above are deposited by the company during the first eight days of the month of March in year N + 1; they are augmented by all current or future taxes on the insurance premiums.


AXA-BB 6/15


AXA Belgium, NV authorized for insurance business under no. 0039 (KB 04-07-1979, BS 14-07-1979)
Company headquarters Vorsttaan 25 - B-1170 Brussels o
Phone: 02/678 61 11 Fax: 02/678 93 40
Internet: www.axa.beo BTW BE 404 483 367 - HRB no. 356 389


GROUP INSURANCE


PRECAUTIONARY PLAN


In case the extent of the subscriber's employment changes, the company shall immediately notify the insurance company of this fact and inform it of the new premiums that must be taken into consideration starting the first day of the month in which the modification took place.


1.3. UPDATING DATE


On March 1 of every year.


2 - INSURANCE CONTRACTS AND SUBSCRIBER BENEFITS - -----------------------------------------------


2.1. INSURANCE COMBINATION


- - Contract "F" is issued in the insurance combination "Deferred capital with
repayment of the savings balance" (UKMS) which provides the payment of a
capital if the subscriber is alive on the expiration date or a capital
equal to the theoretical surrender value in case of decease before that
expiration date.


- - Since the contract is reinforced according to the method of successive
purchase prices, the guarantees will evolve in function of the amount of
the premiums deposited and of the rates in effect at the time of their
maturity date.


- - On January 1, 2005, the rate applied to contract "F" includes a technical
interest rate of 3.25%. Every possible modification of the rate shall be
activated in a supplement to the current special stipulations.


- - The "M" contract is issued in the insurance combination "Temporary
insurance with a duration of 1 year", which provides payment of a capital
in case of the subscriber's decease if this took place during the duration
of the contract.


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