Exhibit (10)

OWENS CORNINGEXECUTIVE
SUPPLEMENTAL BENEFIT PLAN2002 Restatement

This 2002 Restatement of the
Executive Supplemental Benefit Plan, as amended and restated effective as of January 1,
1996, provides individuals participating in the Plan with the full retirement benefits
which they would have accrued under the Retirement Plan by reason of their employment with
the Company, which cannot be paid from the Retirement Plan due to the limits placed on the
payment of such benefits by the Internal Revenue Code of 1986, as amended.

# I.       DEFINITIONS

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|1.1  | "Actuarial Equivalent" shall mean the method of determining benefit equivalence, as defined in the Retirement Plan.                                         
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|1.2  | "Administrator" shall mean such person as has been designated from time to time as the Administrator of the Retirement Plan.                                
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|1.3  | "Board of Directors" shall mean the Board of Directors of  Owens Corning.                                                                                   
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|1.4  | "Code" shall mean the Internal Revenue Code of 1986, as amended.                                                                                            
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|1.5  | "Company" shall mean Owens Corning, a Delaware corporation, and subsidiaries whose employees participate in the Retirement Plan.                            
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|1.6  | "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended.                                                                         
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|1.7  | "Participant" shall mean any individual who becomes eligible to participate in the Plan.                                                                    
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|1.8  | "Retirement Plan" shall mean the Owens Corning Cash Balance Pension Plan (Attachment #1), a portion of the Owens Corning Merged Retirement Plan, as amended.
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|1.9  | "Plan" shall mean this Executive Supplemental Benefit Plan, as amended.                                                                                     
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|1.10 | "Supplemental Benefit" shall mean any benefit payable under Article III of the Plan.                                                                        

# II.      PLAN PARTICIPATION

Any individual who participates in
the Retirement Plan and accrues benefits thereunder which cannot be paid because of the
application of Code section 401(a)(17) or 415 shall be a Participant in the Plan.

# III.    BENEFITS

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|3.1 | Retirement Benefits.  A Participant entitled to receive a benefit under the Retirement Plan shall be paid a Supplemental
         Benefit in an amount equal to the excess of (1) the benefit, as computed under the Retirement Plan without regard to limits
         imposed by Code sections 401(a)(17) and 415, over (ii) the benefit which is actually paid or payable under the terms of the
         Retirement Plan.                                                                                                                                                                                                                                                                        
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|3.2 | Pre-Retirement Death Benefits. If a Participant entitled to receive a benefit under the Retirement Plan dies prior to
         commencement of such benefits, his or her surviving spouse or other beneficiary who is entitled to receive a death benefit
         computed and made payable under Article VI of the Retirement Plan shall be paid a Supplemental Benefit in an amount equal to
         the excess of (i) the death benefit, as computed under Article VI of the Retirement Plan without regard to limits imposed by
         Code sections 401(a)(17) and 415, over (ii) the death benefit actually paid or payable under the terms of Article VI of the
         Retirement Plan.
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|3.3 | Survivors and Beneficiaries. Payment to a Participant shall include payment on account of said Participant to his estate,
         beneficiary or survivor.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

# IV.    PAYMENT OF
SUPPLEMENTAL BENEFITS

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|4.1 | Payment in Cash from General Company Assets. Except as otherwise determined by the Compensation Committee of the Board of
         Directors, Supplemental Benefits shall be paid at the same time that benefits under the Retirement Plan begin. However, the
         Compensation Committee may determine to pay Supplemental Benefits prior to the start of Retirement Plan benefits through a
         Participant's account in the Company's Pension Preservation Trust.
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|4.2 | Form of Payment. All Supplemental Benefits are to be paid in an Actuarial Equivalent lump sum, at the same time that
         benefits would begin under the Retirement Plan.                                                                                                                                                                                                                                                                                                 
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|4.3 | Credits Against Supplemental Benefits.  The lump sum Supplemental Benefit determined by the foregoing paragraphs of this
         section shall be reduced by:                                                                                                                                                                                                                                                                                                                
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|    | 1.    an amount   equal  to  the   pre-tax
equivalent of the distribution (determined on the date of       payment) made to or on
behalf of the Participant from the Pension  Preservation  Trust.  This       reduction
shall be made even though payments from the Pension  Preservation Trust are made      
to persons other than those entitled to payment of  Supplemental  Benefits under
the terms of       this Plan, and                                            
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|    | 2.    an amount equal to the pre-tax equivalent (on the date of payment hereunder) of the portion of
       all distributions of income made to or on behalf of the Participant from the Pension
       Preservation Trust.                                                                                                                                                                                                                                                   

# V.      FORFEITURE OF
SUPPLEMENTAL BENEFITS

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|5.1 | Disclosure of Proprietary Information. The Supplemental Benefits otherwise payable under the terms of this Plan shall be
         forfeited and the Company and the Plan shall have no additional liability if a Participant discloses, divulges, publishes'
         or otherwise reveals either directly or through another, to any person, firm or corporation, any knowledge or information
         concerning any Company inventions, devices, technical data, strategic plans (business and technical), or financial data
         (including any data classified as "Secret and Proprietary Information"), which knowledge or information has in any way been
         disclosed to or acquired by the Participant during the term of his employment with the Company. Such knowledge or
         information shall not include knowledge or information which:
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|    | 1.    Is or was in the public domain at the time of its disclosure to the Participant; or,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
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|    | 2.    Enters the public domain after the date of disclosure to the Participant except where such entry is a result of a breach by the Participant  of this Section; or,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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|    | 3.    Is disclosed to the Participant by a third party having a bona fide right to make such disclosure, or is otherwise lawfully obtained from other sources; or,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
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|    | 4.    Is disclosed to others by the Company without restriction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|5.2 | Direct Competition with the Company.  The Supplemental Benefits payable under the terms of this Plan shall be forfeited and
         the Company and the Plan shall have no further liability to a Participant if said Participant directly or indirectly, in any
         capacity, performs any compensated service for, be employed by or become associated in any firm, corporation or partnership
         engaged in the manufacture, production or sale of products which compete with products produced or sold by the Company.  For
         the purposes of this Plan, products shall be limited to those which are manufactured, produced or sold by the Company as
         described in the Company's most recent Annual Report to its stockholders.                                                                                                      
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|5.3 | Discharge for Just Cause.  The Supplemental Benefits otherwise payable under the terms of this Plan shall be forfeited and
         the Company and the Plan shall have no further liability if the employment of said Participant by the Company is terminated
         or otherwise ceases for "Just Cause".   "Just Cause" shall mean discharge or resignation as the direct result of any act or
         omission which constitutes a misdemeanor or a felony, or which clearly evidences fraud or dishonesty on the part of the
         Participant.                                                                                                                                                                                                                                                                                                            

# VI.    PLAN ADMINISTRATION

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|6.1 | Administrator.  This Plan shall be maintained, on a day-to-day basis, by the Administrator. The Administrator shall at all
         times serve at the pleasure of, and may at any time be removed by action of the Board of Directors. The duties of the
         Administrator shall include, but shall not be limited to, maintaining Participant lists, notifying eligible employees of
         their status as Participants, distributing to Participants all necessary information, and communicating, where necessary,
         with a Participant's beneficiary or personal representative.  The Administrator will also have full discretionary authority
         to interpret the provisions of the Plan and decide all questions and settle all disputes which may arise in connection with
         the Plan, and may establish its own operative and administrative rules and procedures in connection therewith, provided such
         procedures are consistent with the requirements of Section 503 of ERISA and the regulations thereunder.  All
         interpretations, decisions and determinations made by the Administrator will be binding on all persons concerned.
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|6.2 | Notice to Participants.  All information provided to Participants by or at the direction of the Administrator shall be made
         in writing (or electronic form) and shall be delivered using a method reasonably calculated to apprise Participants of their
         rights hereunder.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

# VII.   GENERAL PROVISIONS

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|7.1  | Plan Excluded Under ERISA. The Plan is intended to be an unfunded "excess benefit plan," (within the meaning of Section
         3(36) of ERISA) to the extent the Plan provides benefits in excess of the limits imposed by Code Section 415, and an
         unfunded plan providing "deferred compensation for a select group of management or highly compensated employees" (within the
         meaning of Sections 201(2), 301(a)(3), 401(a)(1), and 4021(b)(6) of ERISA) to the extent the Plan provides benefits in
         excess of other Code restrictions and/or limitations, and shall be interpreted and administered accordingly.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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|7.2  | Laws of Ohio to Govern.  This Plan shall be governed by the laws of the State of Ohio, to the extent not preempted by
         federal law.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|7.3  | Incorporation of Retirement Plan provisions by Reference. The provisions of the Retirement Plan, as such provisions may be
         amended, restated or succeeded from time to time, are hereby fully incorporated by reference, but only to the extent a
         reference is made by this Plan to such provision or provisions.  Eligibility for and payment of Supplemental Benefits under
         this Plan shall be based solely upon benefit determinations made under the terms of the Retirement Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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|7.4  | Benefits are Nonassignable.  No Supplemental Benefit payable under the terms of this Plan may be pledged, assigned,
         anticipated or alienated in any way by any Participant, beneficiary or personal representative.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|7.5  | No Accelerated Payment.  No Participant, personal representative or beneficiary shall have any right to cause benefits
         otherwise payable under this Plan to be accelerated or paid on any basis or in any form other than on the basis and in the
         form provided for under Articles III and IV hereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|7.6  | Amendment, Suspension or Termination of Plan.  The Company reserves the right and power, by action of the Board of Directors
         or its delegate, to amend, suspend or terminate this Plan, in whole or in part, at any time and from time to time; provided,
         however, that in no event shall the Company have the right to eliminate or reduce any Supplemental Benefit which has been
         accrued and become nonforfeitable under Article III hereof prior to such amendment, suspension or termination.For purposes of determining the Supplemental Benefit which has been accrued and become nonforfeitable on account of a
         Participant under Article III hereof as of any given date, such Supplemental Benefit shall be an amount equal to the lesser
         of (i) the Supplemental Benefit actually payable in cash to such Participant under Article III hereof as of such date, or
         (ii) the Supplemental Benefit which would be payable to or on account of such Participant upon his actual retirement,
         disability or death, if this Plan were to remain in full force and effect until such actual retirement, disability or death.
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|7.7  | Obligation of Company.  Each Participant (and beneficiary) will be an unsecured general creditor of the Company with respect
         to all benefits payable under the Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|7.8  | No Claim to Specific Benefits.  Nothing in the Plan will be construed to give any individual rights to any specific assets
         of the Company, or any other person or entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
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|7.9  | Vesting.  If a Participant (or beneficiary) is not entitled to receive a benefit under the Retirement Plan because the
         benefit is not vested, the Participant (or beneficiary) shall also not be entitled to receive benefits under the Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|7.10 | Limitation of Rights.  Neither the establishment of the Plan, nor any amendment thereof, nor the payment of any benefits
         will be construed as giving any individual any legal or equitable right against the Company or the Administrator.  In no
         event will the Plan be deemed to constitute a contract between any employee and the Company or the Administrator.  This Plan
         shall not be deemed to be consideration for, or an inducement for the performance of, services by any employee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|7.11 | Receipt and Release.  Any payment under the Plan to any Participant (or beneficiary), or to any individual as described in
         Section 7.12 shall be in satisfaction of all claims with respect to benefits under the Plan against the Company and the
         Administrator.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|7.12 | Payment for the Benefit of an Incompetent or Incapacitated Individual.  If the Administrator determines that payments due to
         a participant under the Retirement Plan must be paid to another individual because of a Participant's incompetence or
         incapacitation, benefits under the Plan will be paid to that same individual designated for that purpose under the
         applicable provision of the Retirement Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|7.13 | Nonduplication of Benefits.  The benefits payable to a Participant under this Plan shall be reduced on an Actuarial
         Equivalent basis by the benefit such Participant earned under any other nonqualified defined benefit plan, and which does
         not provide for a reduction of benefits under such plan, for benefits payable under this Plan, to the extent that the
         benefits under such plan were accrued upon the same Participant service.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|7.14 | Social Security Tax.  Subject to the requirements of Code Section 3121(v)(2) and the regulations thereunder, the
         Administrator has the full discretion and authority to determine when Federal Insurance Contribution Act ("FICA") taxes on a
         Participant's Plan benefit or account are paid and whether any portion of such FICA taxes shall be withheld from the
         Participant's wages or deducted from the Participant's benefit or account.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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By virtue and in exercise of the
amending power reserved to the Company by Section 7.6 of the Plan and granted to the
undersigned officer of the Company by resolution of the Companys Board of Directors,
the Plan is hereby amended and restated in its entirety, effective January 1, 1996, as
reflected in this document entitled OWENS CORNING EXECUTIVE SUPPLEMENTAL BENEFIT
PLAN, 2002 Restatement.

The
Company has caused the aforementioned amendment and restatement to be executed on its
behalf by the undersigned duly authorized officer this 27 day of January, 2003.

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| | Owens Corning                          
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| | By /s/ Edward Mirra, Jr.               
| | Edward Mirra, Jr.                      
| | Senior Vice President - Human Resources