Summary of Directors' Compensation

Employee Benefits Plan Agreement

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ALBEMARLE CORP

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Title: Summary of Directors' Compensation
Date: 3/15/2006
Industry: Chemicals - Plastics and Rubber Sector: Basic Materials

Exhibit 10.14

Summary of Directors’ Compensation

For 2006, outside directors serving on the Board of Directors of Albemarle Corporation will be paid $15,800 per quarter ($63,200 per year) for service as a director. In addition, directors receive an annual amount based on their committee service: Audit Committee members receive $9,000 and the Chairman of the Audit Committee receive an additional $9,000; Executive Comp

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