Attached files

file filename
EX-32 - EXHIBIT 32 - VALVOLINE INCexhibit32-certificationofs.htm
EX-31.2 - EXHIBIT 31.2 - VALVOLINE INCexhibit312-certificationof.htm
EX-31.1 - EXHIBIT 31.1 - VALVOLINE INCexhibit311-certificationof.htm
EX-24 - EXHIBIT 24 - VALVOLINE INCexhibit24-powerofattorney9.htm
EX-23.1 - EXHIBIT 23.1 - VALVOLINE INCexhibit231-consentofernsty.htm
EX-21 - EXHIBIT 21 - VALVOLINE INCexhibit21-listofsubsidiari.htm
EX-12.1 - EXHIBIT 12.1 - VALVOLINE INCexhibit121-ratiosofearnings.htm
EX-10.16 - EXHIBIT 10.16 - VALVOLINE INCexhibit1016-amendmenttoser.htm
EX-10.15 - EXHIBIT 10.15 - VALVOLINE INCexhibit1015-valvolinesuppl.htm
EX-10.12 - EXHIBIT 10.12 - VALVOLINE INCexhibit1012-valvolinenonqu.htm
EX-10.7 - EXHIBIT 10.7 - VALVOLINE INCexhibit107-restrictedstock.htm
EX-3.1 - EXHIBIT 3.1 - VALVOLINE INCexhibit31-amendedandrestat.htm
10-K - 10-K - VALVOLINE INCvalvoline10-k9302017.htm


EXHIBIT 10.17

AMENDMENT TO THE AMENDED AND RESTATED
ASHLAND INC. SUPPLEMENTAL EARLY
RETIREMENT PLAN FOR CERTAIN EMPLOYEES

WHEREAS, Ashland Inc. (“Ashland”), maintains the Amended and Restated Ashland Inc. Supplemental Early Retirement Plan for Certain Employees (the “Plan”) for the benefit of employees eligible to participate therein; and

WHEREAS, Ashland is the sponsor of the Plan; and

WHEREAS, pursuant to Article IV, Section 5, of the Charter of the Personnel and Compensation Committee of the Board of Directors of Ashland Inc., said Personnel and Compensation Committee (the “Committee”) has retained authority to amend or transfer any of the benefit plans of Ashland and its subsidiaries and affiliates that are more than 50% owned by Ashland; and

WHEREAS, the Committee has approved the transfer of the sponsorship of the Plan from Ashland to Valvoline LLC; and

WHEREAS, the Chief Financial Officer of Ashland Inc. has been delegated the authority by the Committee to prepare and execute any and all amendments necessary to give effect to this decision of the Committee.

NOW, THEREFORE, BE IT RESOLVED, the Plan is amended, effective September 1, 2016, as follows:
I.
The following sentence is added to Section 1.01 of the Plan:
“In accordance with a corporate reorganization, effective as of September 1, 2016, sponsorship of the Plan was transferred from Ashland Inc. to Valvoline LLC (“Valvoline”).”
II.
All references in the Plan to “Ashland” and “Ashland Inc.” after Section 1.01 are hereinafter changed to “Valvoline” and “Valvoline LLC” respectively.
III.
In all other respects the Plan shall remain unchanged.

IN WITNESS WHEREOF, the Chief Financial Officer has caused this amendment to the Plan to be executed this __________ day of                 , 2016.

                            
 
/s/ J. Kevin Willis
By:
Chief Financial Officer, Ashland Inc.