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[•], 2019

Re:    Retention Agreement

Dear [•]:

As you know, the Board of Directors (the “Board”) of Axalta Coating Systems,
Ltd. (“Axalta”) is considering strategic alternatives. At this time, it is
imperative that we retain employees, such as you, who are critical to achieving
our business objectives. Axalta Coating Systems, LLC (the “Company”), therefore,
is pleased to offer you this Retention Agreement.

1.    Eligibility for Retention Bonus.

You have been selected as eligible to receive a retention bonus in the amount of
$[•] (the “Retention Bonus”). To receive the Retention Bonus, you must return an
executed original of this Retention Agreement by [•] to [•]. The Retention Bonus
will be paid to you, minus applicable tax withholdings, as soon as practicable
and in no event more than 45 days after you return an executed version of this
Retention Agreement. Except as otherwise set forth in section 3, to retain the
Retention Bonus, you must remain continuously employed with the Company or, in
the event of a Change in Control (as defined below), with an entity that is a
party to the Change in Control (or an affiliate of such an entity) (a “Successor
Employer”) through the entire Retention Period (as hereinafter defined). For
purposes of this Retention Agreement, you will be deemed continuously employed
during any approved leave of absence. As described in sections 3 and 4 below, if
you fail to satisfy this continuous employment condition, you may be required to
repay all of the Retention Bonus.

2.    Retention Period.

The “Retention Period” shall begin on the date you return an executed original
of this Retention Agreement to [•] and shall end as of the earlier of 12:00:01
a.m. on (a) March 31, 2021 or (b) the date that is three months after the day of
the closing of a transaction that constitutes a Change in Control of Axalta. For
purposes of this Retention Agreement, the term “Change in Control” means (a) the
acquisition by a person or entity of more than 50% of the total combined voting
power of Axalta’s voting securities outstanding immediately after such
acquisition, (b) a change in the majority of the Board during any period of two
consecutive years, whereby individuals who, at the beginning of such period,
constitute the Board together with any new director(s) (other than a director
designated by a person or entity that shall have entered into an agreement with
Axalta to effect an acquisition, merger of similar transaction of or with
Axalta) whose election by the Board or nomination for election by Axalta’s
shareholders was approved by a vote of at least two-thirds of the directors then
still in office who either were directors at the beginning of the two-year
period or whose election or nomination for election was previously so approved,
cease for any reason to constitute a majority thereof, (c) the consummation of
(i) a merger, consolidation, reorganization, or business combination, (ii) a
sale or other disposition of all or substantially all of Axalta’s assets in any
single transaction or series of related transactions or (iii) the acquisition of
assets or stock of another entity, in each case other than a transaction: (A)
immediately after which Axalta’s shareholders continue to control the entity
that, as a result of the transaction, controls, directly or indirectly, Axalta
or owns, directly or indirectly, all or substantially all of Axalta’s assets or
otherwise succeeds to the business of Axalta (Axalta or such person, the
“Successor Entity”) directly or indirectly, and (B) after which no person or
entity beneficially owns voting securities representing 50% or more of the
combined voting power of the Successor Entity, or (d) Axalta’s shareholders
approve a liquidation or dissolution of Axalta.

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3.    Termination or Resignation During Retention Period.

a.    Termination without Cause. You will be entitled to retain the entire
Retention Bonus if your employment is terminated by the Company other than for
Cause during the Retention Period, provided that you satisfy the Separation and
Release Agreement Requirement described in section 3(f) below. A termination of
employment with the Company that occurs upon or after a Change in Control shall
not be considered a termination without Cause if it results in your employment
with a Successor Employer without any intervening period of unemployment. As
used in this Retention Agreement, “Cause” shall have the meaning set forth in
your Executive Restrictive Covenant and Severance Agreement, as in effect as of
the date of this Retention Agreement.

b.    Resignation for Good Reason. You will be entitled to retain the entire
Retention Bonus if you terminate your employment with the Company or a Successor
Employer for Good Reason during the Retention Period, provided that you satisfy
the Separation and Release Agreement Requirement described in section 3(f)
below. As used in this Retention Agreement, the term “Good Reason” shall have
the meaning set forth in your Executive Restrictive Covenant and Severance
Agreement, as in effect as of the date of this Retention Agreement.

c.    Termination for Cause or Resignation other than for Good Reason. You will
be required to repay your entire Retention Bonus in accordance with Section 4
below if, during the Retention Period (i) your employment is terminated for
Cause or (ii) you resign from your position other than for Good Reason.

d.    Termination Due to Death. If your employment terminates during the
Retention Period due to your death, your heirs shall be entitled to retain the
entire Retention Bonus.

e.    Termination Due to Disability. If the Company or a Successor Employer
terminates your employment during the Retention Period due to your Disability,
provided that you satisfy the Separation and Release Agreement Requirement
described in section 3(f) below, you shall be entitled to retain the entire
Retention Bonus. As used in this Retention Agreement, “Disability” shall mean,
at any time the Company, a Successor Employer or any of their affiliates
sponsors a long-term disability plan in which you are a participant,
“disability” (or words of similar import) as defined in such long-term
disability plan for the purpose of determining a participant’s eligibility for
benefits, provided, however, if the long-term disability plan contains multiple
definitions of disability, “Disability” shall refer to that definition of
disability which, if you qualified for such disability benefits, would provide
coverage for the longest period of time. The determination of whether you have a
Disability shall be made by the person or persons required to make disability
determinations under the long-term disability plan. At any time the Company, a
Successor Employer or an affiliate does not sponsor a long-term disability plan
in which you participate, Disability shall mean your inability to perform, with
or without reasonable accommodation, the essential functions of your position
for a total of three months during any six-month period as a result of
incapacity due to mental or physical illness as determined by a physician
selected by the Company or the Successor Employer or its insurers and reasonably
acceptable to you or your legal representative, with such agreement as to
acceptability not to be unreasonably withheld or delayed.

f.    Separation and Release Agreement Requirement. If your employment
terminates for a reason described in section 3(c) above, you will be required to
repay the entire Retention Bonus in accordance with section 4 below. If your
employment terminates for a reason described in sections 3(a), (b) or (e) above,
to be entitled to retain the Retention Bonus, you must execute a Separation and
Release Agreement provided to you by the Company or, if applicable, your
Successor Employer, within the time period set forth in the Separation and
Release Agreement and you must not revoke the Separation and Release Agreement.
This requirement to execute and not revoke the Separation and Release Agreement
is referred to in this Retention Agreement as the “Separation and Release
Agreement Requirement.” If you fail to satisfy the Separation and Release
Agreement Requirement, you will be required to repay the entire Retention Bonus
in accordance with section 4 below.

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4.    Repayment of the Retention Bonus. If your employment terminates and,
pursuant to section 3, you are not entitled to retain the Retention Bonus, you
agree to repay to the Company, or if applicable, your Successor Employer, the
gross amount of the Retention Bonus within 60 days following the date your
employment terminates.

5.    At-Will Employment. Nothing in this Retention Agreement alters the at-will
nature of your employment with the Company, and both you and the Company remain
free to terminate the employment relationship between you and the Company at any
time.

6.    Assignment; Successors. This Retention Agreement may not be assigned by
you, but may be assigned by the Company. This Retention Agreement shall be
binding upon any successor to the Company, its assets, its businesses or its
interest (whether as a result of the occurrence of a Change in Control or
otherwise), in the same manner and to the same extent that the Company would be
obligated under this Retention Agreement if no succession had taken place and,
in such case, references in this Retention Agreement to the Company shall be
read as references to the successor entity.

7.    Tax Consequences. Nothing in this Retention Agreement shall be construed
as a guarantee of any particular tax treatment to you. You shall be solely
responsible for the tax consequences with respect to all amounts payable under
this Retention Agreement.

8.    Miscellaneous. This Retention Agreement constitutes the entire
understanding and agreement between you and the Company regarding the Retention
Bonus and shall supersede any prior or existing agreement or understanding
regarding the same subject matter. The rights and obligations of the parties
hereunder shall be interpreted and enforced in accordance with the law of the
Commonwealth of Pennsylvania, without giving effect to any choice-of-law rule
that would require application of the law of a different jurisdiction.

9.    Confidentiality. The contents of this Retention Agreement are
confidential. You shall not disclose the contents of this Retention Agreement to
anyone other than immediate family, a financial planner or an accountant, or the
Company’s Chief Executive Officer, General Counsel or Chief Human Resources
Officer.

10.    Clawback Right. Notwithstanding anything in this Retention Agreement to
the contrary, if you breach any material agreement with the Company or an
affiliate, the Company may require you to repay all or a portion of the
Retention Bonus, provided (a) the Company has first provided written notice to
you describing the applicable facts and circumstances underlying the breach, (b)
you have been provided an opportunity to cure the same within 30 days after the
receipt of such notice (if the breach may be cured), and (c) you have failed to
cure the breach.    

[Signature Page Follows]

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To accept the Retention Agreement and express your intent to be legally bound to
its terms and conditions, please sign and date in the spaces provided below for
“Agreed and Accepted By.” Please return a signed copy to [•] on or before [•].

Regards,

In consideration of the mutual promises set forth herein, and intending to be
legally bound hereby, I agree to the terms and conditions of this Retention
Agreement.

AGREED AND ACCEPTED BY:

____________________________            ____________________
Signature                        Date

____________________________
Name (Please Print)

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