Document:

EX-10.2.2

 Exhibit 10.2.2 

SECOND AMENDMENT TO CREDIT AGREEMENT 

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of April 15, 2021, is made by and among RPM
INTERNATIONAL INC., a Delaware corporation (the “Company”), RPM NEW HORIZONS NETHERLANDS B.V., a corporation incorporated under the laws of the Netherlands (“RPM Netherlands”), RPM EUROPE HOLDCO B.V., a corporation
incorporated under the laws of the Netherlands (“RPM Europe”) (each of the foregoing referred to herein as a “Borrower” and collectively referred to as the “Borrowers”), the LENDERS (as defined in
the Credit Agreement) and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders (hereinafter referred to in such capacity as the “Administrative Agent”). 

W I T N E S S E T H: 
 WHEREAS,
the Company, RPM Netherlands, the Lenders and the Administrative Agent are parties to that certain Credit Agreement, dated as of February 21, 2020, as amended by that certain First Amendment to Credit Agreement, dated as of April 30, 2020
(as amended, the “Credit Agreement”); 
 WHEREAS, the Company and RPM Netherlands (i) desire to join RPM Europe as a
Foreign Borrower under the Credit Agreement (the “RPM Europe Joinder”) and (ii) have requested that the Administrative Agent and the Lenders permit (after consummation of the RPM Europe Joinder) RPM Netherlands to merge with
and into RPM Europe with RPM Europe being the surviving entity (the “Foreign Borrower Merger”) and, as a result of the same, the sole remaining Foreign Borrower; 

WHEREAS, subject to the terms and conditions hereof, the Administrative Agent and Lenders are willing to permit the RPM Europe Joinder and the
Foreign Borrower Merger upon and subject to the terms and conditions of this Amendment and the related joinder documentation. 
 NOW,
THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby, covenant and agree as follows: 

1. Definitions. Except as set forth in this Amendment, defined terms used herein shall have the meanings given to them in the Credit
Agreement and the rules of construction set forth in Section 1.2 [Construction] of the Credit Agreement shall apply to this Amendment. 

2. Amendments to the Credit Agreement. 

(a) The following definitions contained in Section 1.1. [Certain Definitions] of the Credit Agreement are hereby amended and restated in
their entirety as follows: 
 “Foreign Borrower shall have the meaning specified in the introductory paragraph
and shall also include RPM Europe who joined this Agreement as a Foreign Borrower pursuant to the RPM Europe Joinder Agreement. Upon consummation of the Foreign Borrower Merger Agreement, RPM Europe shall be the sole Foreign Borrower.” 

 “Loan Documents shall mean this Agreement, the Administrative
Agent’s Letter, the Notes, the RPM Europe Joinder Agreement and any other instruments, certificates or documents delivered in connection herewith or therewith.” 

(b) Section 1.1. [Certain Definitions] of the Credit Agreement is hereby amended to add the following definitions in their respective
appropriate alphabetical positions: 
 “Foreign Borrower Merger Agreement shall mean the Merger Terms between RPM
Europe, as acquiring company and RPM Netherlands, as disappearing company.” 
 “RPM Europe shall mean RPM
Europe Holdco B.V., a corporation incorporated under the laws of the Netherlands.” 
 “RPM Europe Joinder
Agreement shall mean that certain Borrower Joinder and Assumption Agreement executed by RPM Europe and acknowledged and accepted by the Administrative Agent and the Lenders. 

(c) Clause (i) of Section 8.2.3 [Liquidations, Mergers, Consolidations] of the Credit Agreement is hereby amended and restated in
its entirety to read as follows: 
 “(i) consolidate or merge with or into another Person or consummate any Delaware LLC Division,
except that, RPM Netherlands may merge with and into RPM Europe pursuant to the Foreign Borrower Merger Agreement and any Borrower may consolidate or merge with another Person if (A) such Borrower is the entity surviving such merger and
(B) immediately after giving effect to such consolidation or merger, no Event of Default or Potential Default shall have occurred and be continuing, or” 

(d) Section 12.14.2 [Liability of Foreign Borrower] of the Credit Agreement is hereby amended to add the following sentence to the end of such
Section: 
 “Notwithstanding anything to the contrary contained herein, for so long as there exists more than one Foreign Borrower the
Obligations of the Foreign Borrowers are joint and several.” 
 3. Conditions Precedent. The Borrowers, the Administrative Agent
and the Lenders acknowledge and agree that the amendments set forth herein shall only be effective upon the occurrence of all the following conditions precedent: 

(a) Amendment. The Borrowers, the Administrative Agent and the Lenders shall have executed and delivered to the Administrative Agent
this Amendment. 
 (b) Foreign Borrower Joinder and Related Documents. RPM Europe shall have executed a Borrower Joinder and
Assumption Agreement, in form and substance satisfactory to the Administrative Agent, as well as all related documents to such joinder, as required by the Administrative Agent. 

  
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 (c) Updated Schedules to the Credit Agreement. The Borrowers shall deliver updated
Schedules to the Credit Agreement, in form and substance satisfactory to the Administrative Agent. 
 (d) Officer’s Certificate.
A certificate of the Company signed by an Authorized Officer of the Company, dated the date hereof stating that (A) all representations and warranties of the Borrowers set forth in the Credit Agreement are true and correct in all material
respects (unless any such representation or warranty is qualified to materiality, in which case such representation or warranty is true and correct in all respects), except for representations and warranties made as of a specified date (which were
true and correct in all material respects, as applicable, as of such date), (B) the Borrowers are in compliance with each of the covenants and conditions hereunder, and (C) no Event of Default or Potential Default exists. 

(e) Director’s Certificate. A certificate dated the date hereof and signed by the Director of RPM Europe, certifying as
appropriate as to: (a) all action taken by RPM Europe in connection with this Amendment, the RPM Europe Joinder, and the other Loan Documents; (b) the names of the Authorized Officers authorized to sign the Loan Documents and their true
signatures; and (c) copies of its organizational documents as in effect on the date hereof certified by the appropriate official where such documents are filed. 

(f) Legal Opinion. Opinions of counsel for RPM Europe, dated the date hereof, each in form and substance acceptable to the
Administrative Agent and the Lenders. 
 (g) Certificate of Beneficial Ownership. An executed Certificate of Beneficial Ownership for
RPM Europe in form and substance acceptable to the Administrative Agent and each Lender, and such other documentation and other information requested by the Administrative Agent or any Lender in connection with applicable “know your
customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 
 (h) Insurance. Evidence that
adequate insurance required to be maintained under the Credit Agreement is in full force and effect, in form and substance satisfactory to the Administrative Agent. 

(i) Lien Searches. Lien searches (or equivalent) of RPM Europe in acceptable scope and with acceptable results to the Administrative
Agent. 
 (j) Consents. All regulatory approvals and licenses necessary for this Amendment and the RPM Europe Joinder shall have been
completed and there shall be an absence of any legal or regulatory prohibitions or restrictions. 
 (k) Fees. The Borrowers shall
have paid to the Administrative Agent all fees due and owing the Administrative Agent and all reasonable, documented costs and expenses of the Administrative Agent, including without limitation, reasonable, documented fees of the Administrative
Agent’s counsel in connection with this Amendment. 
 (l) Miscellaneous. Such other documents, agreements, instruments,
deliverables and items deemed reasonably necessary by the Administrative Agent. 

  
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 4. Representations and Warranties. Each Borrower covenants and agrees with and
represents and warrants to the Administrative Agent and the Lenders as follows: 
 (a) Each Borrower possesses all of the powers requisite
for it to enter into and carry out the transactions referred to herein and to execute, enter into and perform the terms and conditions of this Amendment, the Credit Agreement and the other Loan Documents and any other documents contemplated herein
that are to be performed by such Borrower; and that any and all actions required or necessary pursuant to such Borrower’s organizational documents or otherwise have been taken to authorize the due execution, delivery and performance by such
Borrower of the terms and conditions of this Amendment; the officer of such Borrower executing this Amendment are the duly elected, qualified, acting and incumbent officers of such Borrower and hold the title set forth below his/her name on the
signature lines of this Amendment; and such execution, delivery and performance will not conflict with, constitute a default under or result in a breach of any applicable law or any material agreement or instrument, order, writ, judgment, injunction
or decree to which such Borrower is a party or by which such Borrower or any of its properties are bound, and that all consents, authorizations and/or approvals required or necessary from any third parties in connection with the entry into, delivery
and performance by such Borrower of the terms and conditions of this Amendment, the Credit Agreement, the other Loan Documents and the transactions contemplated hereby have been obtained by such Borrower and are full force and effect; 

(b) this Amendment, the Credit Agreement and the other Loan Documents constitute the valid and legally binding obligations of each Borrower,
enforceable against such Borrower in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws and by general equitable principles, whether enforcement is
sought by proceedings at law or in equity; 
 (c) all representations and warranties made by each Borrower in the Credit Agreement and the
other Loan Documents are true and correct in all respects (in the case of any representation or warranty containing a materiality modification) or in all material respects (in the case of any representation or warranty not containing a materiality
modification) (except representations and warranties which expressly relate to an earlier date or time, which representations or warranties are true and correct on and as of the specific dates or times referred to therein); 

(d) this Amendment is not a substitution, novation, discharge or release of any Borrower’s obligations under the Credit Agreement or any
of the other Loan Documents, all of which shall and are intended to remain in full force and effect; and 
 (e) no Event of Default or
Potential Default has occurred and is continuing under the Credit Agreement or the other Loan Documents. 
 5. Ratification. Except
as expressly modified herein and hereby, the Credit Agreement and the other Loan Documents are hereby ratified and confirmed and shall be and remain in full force and effect in accordance with their respective terms, and this Amendment shall not be
construed to waive or impair any rights, powers or remedies of Administrative Agent or any Lender under the Credit Agreement or the other Loan Documents. In the event of any 

  
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inconsistency between the terms of this Amendment and the Credit Agreement or the other Loan Documents, this Amendment shall govern. This Amendment shall be construed without regard to any
presumption or rule requiring that it be construed against the party causing this Amendment or any part hereof to be drafted. 
 6.
Governing Law. This Amendment shall be deemed to be a contract under the Laws of the State of Ohio without regard to its conflict of laws principles. 

7. Counterparts; Effective Date; Electronic Signatures. This Amendment may be executed in counterparts (and by different parties hereto
in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment shall be effective as of the date first set forth above. The Borrowers, the
Administrative Agent and Lenders hereby (i) agree that, for all purposes of this Amendment, electronic images of this Amendment or any other Loan Documents (in each case, including with respect to any signature pages thereto) shall have the
same legal effect, validity and enforceability as any paper original, and (ii) waive any argument, defense or right to contest the validity or enforceability of the Amendment or any other Loan Documents based solely on the lack of paper
original copies of such Amendment and Loan Documents, including with respect to any signature pages thereto. 
 8. Severability. The
provisions of this Amendment are intended to be severable. If any provision of this Amendment shall be held invalid or unenforceable in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent
of such invalidity or enforceability without in any manner affecting the validity or enforceability of such provision in any other jurisdiction or the remaining provisions of this Amendment in any jurisdiction. 

9. Notices. Any notices with respect to this Amendment shall be given in the manner provided for in Section 12.5 [Notices;
Effectiveness; Electronic Communication] of the Credit Agreement. 
 10. Survival. All representations and warranties contained
herein shall survive Payment In Full. All covenants, agreements, undertakings, waivers and releases of the Borrowers contained herein shall continue in full force and effect from and after the date hereof and until Payment In Full. 

11. Amendment. No amendment, modification, rescission, waiver or release of any provision of this Amendment shall be effective unless
the same shall be in writing and signed by the parties hereto. 
 12. Entire Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE
LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE
CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR 

  
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SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO. 

13. Amendment as Loan Document; Incorporation into Loan Documents. The parties hereto acknowledge and agree that this Amendment
constitutes a Loan Document. This Amendment shall be incorporated into the Credit Agreement by this reference and each reference to the Credit Agreement that is made in the Credit Agreement or any other document executed or to be executed in
connection therewith shall hereafter be construed as a reference to the Credit Agreement as amended hereby. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 
 [SIGNATURE PAGES FOLLOW] 

  
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 [SIGNATURE PAGE TO SECOND AMENDMENT TO 

CREDIT AGREEMENT] 
 IN WITNESS
WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Amendment as of the day and year first above written. 
  

			
	BORROWERS:
	
	RPM INTERNATIONAL INC.
		
	By:	 	/s/ Russell L. Gordon
	Name:	 	Russell L. Gordon
	Title:	 	Vice President and Chief Financial Officer
	
	RPM NEW HORIZONS NETHERLANDS B.V.
		
	By:	 	/s/ Hilde Maria Eleonora De Backer
	Name:	 	Hilde Maria Eleonora De Backer
	Title:	 	Director and Authorised Signatory
	
	RPM EUROPE B.V.
		
	By:	 	/s/ Hilde Maria Eleonora De Backer
	Name:	 	Hilde Maria Eleonora De Backer
	Title:	 	Director and Authorised Signatory

 [SIGNATURE PAGE TO SECOND AMENDMENT TO 

CREDIT AGREEMENT] 
  

 
			
	 PNC BANK, NATIONAL ASSOCIATION,

individually and as Administrative Agent

		
	By:	 	/s/ Scott A. Nolan
	Name:	 	Scott A. Nolan
	Title:	 	Senior Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT TO 

CREDIT AGREEMENT] 
  

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Shaf Hasan
	Name:	 	Shaf Hasan
	Title:	 	Director

 [SIGNATURE PAGE TO SECOND AMENDMENT TO 

CREDIT AGREEMENT] 
  

 
			
	FIFTH THIRD BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Will Batchelor
	Name:	 	Will Batchelor
	Title:	 	Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT TO 

CREDIT AGREEMENT] 
  

 
			
	MUFG BANK, LTD.
		
	By:	 	/s/ Mark Maloney
	Name:	 	Mark Maloney
	Title:	 	Authorized Signatory

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Jonathan D. Beck
	Name:	 	Jonathan D. Beck
	Title:	 	DirectorEX-10.10

 Exhibit 10.10 

RPM INTERNATIONAL INC. 

2005 DEFERRED COMPENSATION PLAN 

(As Amended and Restated Generally Effective February 1, 2021) 

 RPM INTERNATIONAL INC. 

2005 DEFERRED COMPENSATION PLAN 

(Effective January 1, 2005) 

Table of Contents 
  

									
	 	 	 	  	 	  	Page	 
		
	 ARTICLE 1 INTRODUCTION
	  	 	1	 
	     
	 	1.1	  	Name of Plan	  	 	1	 
		 	1.2	  	Purposes of Plan	  	 	1	 
		 	1.3	  	Effective Date	  	 	1	 
		 	1.4	  	Administration	  	 	1	 
		
	 ARTICLE 2 DEFINITIONS AND CONSTRUCTION
	  	 	2	 
		 	2.1	  	Definitions	  	 	2	 
		
	 ARTICLE 3 PARTICIPATION AND ELIGIBILITY
	  	 	9	 
		 	3.1	  	Participation	  	 	9	 
		 	3.2	  	Commencement of Participation	  	 	9	 
		
	 ARTICLE 4 CONTRIBUTIONS AND VESTING
	  	 	10	 
		 	4.1	  	Deferrals by Participants	  	 	10	 
		 	4.2	  	Election to Defer; Effect of Election Form	  	 	11	 
		 	4.3	  	Withholding and Crediting of Annual Deferral Amounts	  	 	11	 
		 	4.4	  	Vesting	  	 	11	 
		 	4.5	  	FICA and Other Taxes	  	 	11	 
		 	4.6	  	Change In Distribution Elections Before December 31, 2008 for Code Section 409A Amounts	  	 	12	 
		 	4.7	  	Suspension of Contributions	  	 	12	 
		
	 ARTICLE 5 ACCOUNTS
	  	 	13	 
		 	5.1	  	Establishment of Bookkeeping Accounts	  	 	13	 
		 	5.2	  	Subaccounts	  	 	13	 
		 	5.3	  	Earnings Elections	  	 	13	 
		 	5.4	  	Hypothetical Accounts and Creditor Status of Participants	  	 	14	 
		
	 ARTICLE 6 PAYMENT OF ACCOUNT
	  	 	15	 
		 	6.1	  	General	  	 	15	 
		 	6.2	  	Separation from Service	  	 	15	 
		 	6.3	  	Short-Term Payout Account	  	 	15	 
		 	6.4	  	Distribution upon Death	  	 	15	 
		 	6.5	  	Change in Control	  	 	16	 
		 	6.6	  	Form of Payment	  	 	16	 
		 	6.7	  	Latest Payment Date	  	 	16	 
		 	6.8	  	Valuation at Distribution	  	 	16	 
		 	6.9	  	Change in Date or Form of Distribution	  	 	16	 
		 	6.10	  	Other Distributions	  	 	17	 

  
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	 	6.11	  	Designation of Beneficiaries	  	 	17	 
		 	6.12	  	Change in Marital Status	  	 	17	 
		 	6.13	  	Withdrawals for Unforeseeable Emergency	  	 	18	 
		 	6.14	  	Withholding on Distribution	  	 	18	 
		
	 ARTICLE 7 ADMINISTRATION
	  	 	19	 
		 	7.1	  	Committee Duties	  	 	19	 
		 	7.2	  	Administration Upon Change In Control	  	 	19	 
		 	7.3	  	Agents	  	 	20	 
		 	7.4	  	Binding Effect of Decisions	  	 	20	 
		 	7.5	  	Indemnity of Committee and Benefits Review Committee	  	 	20	 
		 	7.6	  	Employer Information	  	 	21	 
		
	 ARTICLE 8 CLAIMS PROCEDURES
	  	 	22	 
		 	8.1	  	Presentation of Claim	  	 	22	 
		 	8.2	  	Notification of Decision	  	 	22	 
		 	8.3	  	Review of a Denied Claim	  	 	23	 
		 	8.4	  	Decision on Review	  	 	23	 
		 	8.5	  	Legal Action	  	 	24	 
		
	 ARTICLE 9 AMENDMENT AND TERMINATION
	  	 	25	 
		 	9.1	  	Amendment, Modification and Termination	  	 	25	 
		 	9.2	  	Actions Binding on Employers	  	 	25	 
		 	9.3	  	Distribution of Benefits on Plan Termination	  	 	25	 
		 	9.4	  	Participation By Affiliates	  	 	26	 
		
	 ARTICLE 10 TRUST
	  	 	27	 
		 	10.1	  	Establishment of the Trust	  	 	27	 
		 	10.2	  	Interrelationship of the Plan and the Trust	  	 	27	 
		 	10.3	  	Distributions From the Trust	  	 	27	 
		
	 ARTICLE 11 MISCELLANEOUS
	  	 	28	 
		 	 11.1
	  	 Status of Plan
	  	 	28	 
		 	11.2	  	Unsecured General Creditor	  	 	28	 
		 	11.3	  	Employer’s Liability	  	 	28	 
		 	11.4	  	Nonassignability	  	 	28	 
		 	11.5	  	Not a Contract of Employment	  	 	28	 
		 	11.6	  	Furnishing Information	  	 	29	 
		 	11.7	  	Terms	  	 	29	 
		 	11.8	  	Captions	  	 	29	 
		 	11.9	  	Governing Law	  	 	29	 
		 	11.10	  	Successors	  	 	29	 
		 	11.11	  	Spouse’s Interest	  	 	29	 
		 	11.12	  	Validity	  	 	29	 
		 	11.13	  	Incompetent	  	 	30	 
		 	11.14	  	Distribution in the Event of Taxation	  	 	30	 
		 	11.15	  	Insurance	  	 	30	 

  
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	 	11.16	  	Legal Fees To Enforce Rights After Change in Control	  	 	31	 
		 	11.17	  	Coordination with Other Benefits	  	 	31	 

  
 iii 

 RPM INTERNATIONAL INC. 

2005 DEFERRED COMPENSATION PLAN 

(Generally Effective January 1, 2005) 

ARTICLE 1 
 INTRODUCTION

  

	 	1.1	 Name of Plan. 

RPM International Inc. (the “Company”) hereby adopts the RPM International Inc. 2005 Deferred Compensation Plan (the
“Plan”), which has been amended and restated as of February 1, 2021. 
  

	 	1.2	 Purposes of Plan. 

The purposes of the Plan are to provide deferred compensation for a select group of management or highly compensated Employees, including the
opportunity to make elective deferrals under this arrangement to supplement their elective contributions to the RPM International Inc. 401(k) Plan, which are subject to certain limitations under the Code. 

 

	 	1.3	 Effective Date. 

The Company maintains the RPM International Inc. Deferred Compensation Plan (“Prior Plan”) which relates to amounts deferred, earned
and vested as of December 31, 2004, plus earnings and losses attributable thereto. Deferred compensation that is earned and vested as of December 31, 2004, is permitted to be exempt under Code Section 409A if the plan under which the deferral
is made is not materially modified after October 3, 2004. The Company has elected to exempt from Code Section 409A amounts earned and vested under the Prior Plan as of December 31, 2004, which amounts remain subject to all terms and provisions
of the Prior Plan. 
 The Company now establishes the RPM International Inc. 2005 Deferred Compensation Plan, effective January 1, 2005,
which relates to (i) amounts deferred after December 31, 2004, and (ii) any amounts deferred but not vested prior to January 1, 2005. The Plan is effective as of the Effective Date; provided, however, that in general this document reflects
the provisions of the Plan in effect for periods on and after January 1, 2009. For the period between the Effective Date and January 1, 2009, the Plan was operated in good faith compliance with Code Section 409A and applicable transition
guidance and relief thereunder (including but not limited to Notice 2007-86), but this document is not intended to fully reflect the operation of the Plan during such period. 

The Plan is effective as of the Effective Date. 
  

	 	1.4	 Administration. 

The Plan shall be administered by the Administrator or its delegate(s), as set forth in Section 7.1. 

  
 1 

 DEFINITIONS AND CONSTRUCTION 

 

	 	2.1	 Definitions. 

For purposes of the Plan, the following words and phrases shall have the respective meanings set forth below, unless their context clearly
requires a different meaning: 
 (a) “Account” means, with respect to any Participant, the bookkeeping account or accounts
maintained by the Company to reflect the Participant’s Annual Deferral Amounts, together with all earnings, gains and losses thereon. 

(b) “Administrator” means the individual, entity or committee named to administer the Plan pursuant to Section 7.1 or 7.2. 

(c) “Affiliate” means any corporation or business organization during any period during which it would be treated, together with the
Company, as a single employer for purposes of Code Sections 414(b) or (c). 
 (d) “Annual Bonus” means any cash compensation, in
addition to Base Annual Salary and commissions, payable to a Participant during a Plan Year under the RPM International Inc. Amended and Restated Incentive Compensation Plan or any Employer’s annual bonus plans, but excluding amounts payable
under stock options or stock appreciation rights. 
 (e) “Annual Deferral Amount” means that portion of a Participant’s Base
Annual Salary, Annual Bonus, Commissions and Director Fees that a Participant defers in accordance with Article 4 for any one Plan Year. The term Annual Deferral Amount shall include any Restricted Stock deferred under the Plan in accordance with
the rules of the Plan as in effect prior to January 1, 2006. 
 (f) “Base Annual Salary” means the annual cash compensation
relating to services performed during any Plan Year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, director fees and
other fees, and automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for
compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the
Participant’s gross income under Code Sections 125, 402(e)(3) or 402(h) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that had there been no such
plan, the amount would have been payable in cash to the Employee. 
 (g) “Base Annual Salary Deferral” means the amount of a
Participant’s Base Annual Salary which the Participant elects to have withheld and credited to his Account pursuant to Section 4.1. 

(h) “Beneficiary” means the person or persons designated in accordance with Section 6.11 to receive benefits in the event of
the Participant’s death prior to complete distribution of his Account. 

  
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 (i) “Benefits Review Committee” means the committee named to review denied claims
under the Plan pursuant to Section 8.3. 
 (j) “Board” means the Board of Directors of the Company. 

(k) “Bonus Deferral” means the amount of a Participant’s Annual Bonus Compensation which the Participant elects to have
withheld and credited to his Account pursuant to Section 4.1. 
 (1) “Cap Amount” has the meaning set forth in
Section 4.1(b) of this Plan. 
 (m) “Change in Control” means the occurrence, at any time, of any of the following events:

 (i) Any one person, or more than one person acting as a group, acquires ownership of stock of the Company that, together
with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company. However, if any one person, or more than one person acting as a group, is considered to own more
than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons is not considered to cause a Change in Control. An increase in the percentage of stock owned
by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated as an acquisition of stock for purposes of this subsection. This subsection applies only
when there is a transfer of stock of the Company (or issuance of stock of the Company) and stock in the Company remains outstanding after the transaction. 

(ii) Any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 35% or more of the total voting power of the stock of the Company. 

(iii) A majority of members of the Board of Directors is replaced during any 12-month
period by Directors whose appointment or election is not endorsed by a majority of the members of the Board of Directors prior to the date of the appointment or election. 

(iv) Any one person, or more than one person acting as a group. acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market
value of all of the assets of the Company immediately prior to such acquisition or acquisitions. 
 For purposes of this Section, persons will be considered
to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. If a person, including an entity, owns stock in both
corporations that enter into a merger, consolidation, purchase or acquisition of stock, or similar 

  
 3 

 
transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation prior to the transaction giving rise to the change and not with respect to the
ownership interest in the other corporation. 
 (n) “Code” means the Internal Revenue Code of 1986, as amended from time to time.
Whenever a reference is made to a specific Section of the Code, such reference shall be deemed to include any successor Sections of the Code having the same or similar purpose. In general, a reference to the Code will include all lawful regulations
and pronouncements promulgated thereunder; including without limitation all applicable transition relief with respect to Code Section 409A. 

(o) “Company” means RPM International Inc., a Delaware corporation, and any successor thereto. 

(p) “Commissions” means, with respect to a Tremco Sales Employee, the commissions earned by such Tremco Sales Employee during the
applicable Commissions Period under the Tremco U.S. Traditional Sales Representatives’ Compensation Policy, as may be amended from time to time. 

(q) “Commissions Period” means, with respect to a Tremco Sales Employee, the period beginning on June 1 of a given calendar year and
ending on May 31 of the following calendar year, during which such Tremco Sales Employee may earn Commissions. 
 (r) “Deferral
Account” means (i) the sum of all of a Participant’s Annual Deferral Amounts other than any amounts designated as Short-Term Payouts, plus (ii) investment earnings and losses attributable thereto, less
(iii) all distributions made to the Participant or his Beneficiary pursuant to this Plan from his Deferral Account. 
 (s)
“Deferral Period” means with respect to any Short-Term Payout elected with respect to an Annual Deferral Amount, the period for which such Short-Term Payout is to be deferred under the Plan. 

(t) “Director” means a member of the Board of Directors of the Company. 

(u) “Director Fees” means the fees paid by the Company, including retainer fees and meetings fees, as compensation for serving on
the Board of Directors. 
 (v) “Disability” means the Participant is determined to be totally disabled by the Social Security
Administration or is determined to be disabled in accordance with a long-term disability insurance program of the Company or any Affiliate. 

(w) “Effective Date” means January 1, 2005, except where a different date is specifically set forth. 

(x) “Election Form” means the written agreement pursuant to which the Participant elects the amount of his Base Annual Salary,
Annual Bonus and/or Director Fees to be deferred pursuant to the Plan, makes any related Short-Term Payout Election, if applicable, 

  
 4 

 
elects the deemed investment of amounts deferred and the time and form of payment of such amounts and addresses such other matters as the Administrator shall determine from time to time. 

(y) “Employee” means any common-law employee of the Company or any Affiliate. 

(z) “Employer” means the Company and any Affiliate that has been selected by the Board to participate in the Plan. 

(aa) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and all lawful regulations and
pronouncements promulgated thereunder. Whenever a reference is made to a specific Section of ERISA, such reference shall be deemed to include any successor Sections of ERISA having the same or similar purpose. 

(bb) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, as such law,
rules and regulations may be amended from time to time. 
 (cc) “401(k) Plan” means the RPM International Inc. 401(k) Plan, as
amended and restated on January 1, 2004, and as amended from time to time thereafter. 
 (dd) “Latest Payment Date” means, with
respect to any payment due hereunder, the latest date by which such payment can be made so as to constitute payment on the date that such payment is otherwise designated hereunder to be made under Code Section 409A, including under certain
provisions of such section which may be summarized as follows: 
 (i) The date designated for payment under the terms of the
Plan or a later date in the same calendar year or, if later, the fifteenth (15th) day of the third calendar month following the date designated for payment. 

(ii) If calculation of the amount of the benefit is not administratively practicable due to events beyond the control of the
Participant (or the Participant’s Beneficiary), any date within the first taxable year of the Participant in which calculation of the payment is administratively practicable. 

(iii) If making the payment on the date designated under the terms of the Plan would jeopardize the ability of the Company and
Affiliates to continue as a going concern, the first taxable year of the Participant in which making the payment would not have such effect. 

(iv) If there is a delay in payment by the Administrator other than with the express or implied consent of the Participant, the
first taxable year of the Participant in which the dispute is resolved. The dispute shall be deemed resolved on the earliest date upon which: (a) the Participant and the Administrator or the Company enter into a legally binding settlement,
(b) the Administrator or the Company concedes that an amount is payable, or (c) the Administrator or the Company is required to make payment pursuant to a final non-appealable judgment or other
binding decision. The foregoing provisions shall apply only if, during the period of the dispute, the Participant accepts any 

  
 5 

 
portion of the payment the Administrator or the Company is willing to make (unless acceptance will result in relinquishment of the claim to any remaining portion), and makes prompt and reasonable
good faith efforts to collect the remaining portion of the payment which meet the requirements of Code Section 409A (including the timely notice requirements). 

(v) In the event the payment fails to comply with Federal securities laws or other laws, the earliest date at which the Company
reasonably anticipates that the making of the payment will not cause such violation. 
 (vi) In the event the payment fails
to be deductible under Code Section 162(m), or meets other conditions specified by the Commissioner of the Internal Revenue Service, such later date as may be provided under Code Section 409A. 

(ee) “Participant” means each Employee or Director who has been selected for participation in the Plan and who has become a
Participant pursuant to Article 3. 
 (ff) “Plan” means the RPM International Inc. 2005 Deferred Compensation Plan, as in effect
on the Effective Date, and as amended from time to time hereafter. 
 (gg) “Plan Agreement” means the written agreement under
which an eligible Employee or Director agrees to participate in the Plan in accordance with its terms. 
 (hh) “Plan Year” means
the twelve-consecutive month period commencing January 1 of each year ending on the following December 31. 
 (ii) “Restricted
Stock” means any award of shares of restricted stock that was unvested as of December 31, 2004 and which became vested on or before May 31, 2006. 

(jj) “Retirement” means (i) with respect to an Employee, Separation from Service from all Employers for any reason other than
death on or after attainment of age 55 and 5 Years of Service, and (ii) with respect to a Director who is not an Employee, means a Separation from Service from the Company on or after the attainment of age seventy (70). 

(kk) “Separation from Service” means: 

(i) with respect to any Employee who is a Participant, the separation from service within the meaning of Code
Section 409A, of such Participant with the Company and all of its Affiliates, for any reason, including without limitation, quit, discharge, or retirement, or a leave of absence (including military leave, sick leave, or other bona fide leave of
absence such as temporary employment by the government if the period of such leave exceeds the greater of six months, or the period for which the Participant’s right to reemployment is provided either by statute or by contract) or permanent
decrease in service to a level that is no more than Twenty Percent (20%) of its prior level. For this purposes, whether a Separation from Service has occurred is determined based on whether it is reasonably anticipated that no further services will
be performed by the Participant after a certain date or that the level of bona fide services the Participant will perform after such date (whether as an employee or as an independent contractor) would permanently

  
 6 

 
decrease to no more than Twenty Percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services if the Participant has been providing services less than 36 months). 

(ii) with respect to any Director who is a Participant but is not an Employee, the expiration of the term for which the
Director performs services as a Director, if such expiration constitutes a good-faith and complete termination of the term for providing services. 

(ll) “Short-Term Payout” means that portion of a Participant’s Annual Deferral Amount that the Participant elects to have
distributed in a specific year, in accordance with Section 4.2. 
 (mm) “Short-Term Payout Account” means (i) the sum of
a Participant’s Short-Term Payouts, plus (ii) investment earnings and losses attributable thereto, less (iii) all distributions made to the Participant or his Beneficiary pursuant to this Plan from his Short-Term Payout Account. The
Short-Term Payout Account shall be subdivided into separate accounts with respect to each separate Short-Term Payout elected by the Participant. 

(nn) “Stock” means RPM International Inc. authorized shares of common stock (par value $0.01 per share). 

(oo) “Subsidiary” means a corporation, company or other entity (a) more than 50 percent of whose outstanding shares or
securities (representing the right to vote for the election of directors or other managing authority) are, or (b) which does not have outstanding shares or securities (as may be the case in a partnership, joint venture or unincorporated
association), but more than 50 percent of whose ownership interest representing the right generally to make decisions for such other entity is, now or hereafter, owned or controlled, directly or indirectly, by the Company. 

(pp) “Tremco Sales Employee” means an Employee of Tremco Incorporated, an Affiliate of the Company, who is a member of the Tremco
sales team. 
 (qq) “Unforeseeable Emergency” means a sudden and unexpected illness or accident of the Participant or of a
dependent (as defined in section 152 of the Code without regard to Code Sections 152(b)(l), (b)(2), and (d)(l)(B)) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant. 
 (rr) “Valuation Date” means each business
day. 
 (ss) “Voting Power” means, at any time, the total votes relating to the then-outstanding securities entitled to vote
generally in the election of Directors. 
 (tt) “Voting Stock” means, at any time, the then-outstanding securities entitled to
vote generally in the election of Directors. 

  
 7 

 (uu) “Years of Service” means the total number of full years of employment in
which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the
Employee’s date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. 

  
 8 

 ARTICLE 3 

PARTICIPATION AND ELIGIBILITY 
  

	 	3.1	 Participation. 

Individuals eligible to become Participants in the Plan are (a) those Employees who are (i) subject to the income tax laws of the
United States, (ii) members of a select group of highly compensated or management Employees, and (iii) selected by the Administrator, in its sole discretion, as Participants, and (b) Directors. The Administrator shall notify each
Participant of his selection as a Participant. Subject to Section 3.3, an individual who satisfies the eligibility requirements set forth in subsections (a) and (b) of Section 3.2 below shall remain eligible to continue participation
in the Plan for each Plan Year following his selection as a Participant as long as he continues to meet such eligibility requirements. 
  

	 	3.2	 Commencement of Participation. 

(a) Except as provided in subsection (b) below, an Employee shall become a Participant effective as of the first day of the Plan Year with
respect to which he has timely completed and filed an Election Form and, with respect to his first year of participation, a Plan Agreement in accordance with Section 4.1(a). 

(b) If the Administrator so determines in its sole discretion, a newly-hired Employee or Director who is determined to be eligible to become a
Participant, and who completes a Plan Agreement and an Election Form within 30 days after the date on which he becomes eligible to participate, shall become a Participant on the first day of the month following the month in which his Plan Agreement
and Election Form are filed with the Administrator; provided that the Administrator has determined that such mid-year entry does not violate the requirements of Code Section 409A. 

  
 9 

 ARTICLE 4 

CONTRIBUTIONS AND VESTING 
  

	 	4.1	 Deferrals by Participants. 

(a) All elections under the Plan shall be subject to any such rules as may be prescribed by the Administrator in its sole discretion, subject
to the terms of this Plan. Before the first day of each calendar year, a Participant may file with the Administrator an Election Form pursuant to which such Participant elects to defer Base Annual Salary or Director Fees. A Participant must file an
Election Form to defer Annual Bonus at a time prescribed by the Administrator, which time shall be not later than six (6) months before the end of the 12 month or longer period over which the services upon which the Annual Bonus is based are
performed. Effective as of February 1, 2021, a Participant who is a Tremco Sales Employee must file an Election Form to defer his or her Commissions at a time prescribed by the Administrator, which time shall not be later than thirty (30) days
before the beginning of the Commissions Period for which the Election Form relates. Prior to June 1, 2006, a Participant had the right to defer Restricted Stock by filing an Election Form with the Administrator no later than six months before the
Restricted Stock was scheduled to become vested. Notwithstanding the foregoing, a Participant who commences participation in accordance with Section 3.2(b) will be considered to have made a timely deferral election. 

(b) A Participant’s deferral election shall be stated in whole percentages, subject to maximums set forth below: 

 

			
	 Base Annual Salary
	  	90%
	 Annual Bonus
	  	90%
	 Commissions
	  	100% above the Cap Amount
	 Director Fees
	  	100%
	 Restricted Stock
	  	100%

 The minimum Annual Deferral Amount that may be elected by a Participant who is an Employee shall be $5,000. If no election is
made with respect to any category, the amount deferred for such category shall be zero. 
 For each Participant who is a Tremco Sales Employee, such
Participant must provide a “Cap Amount” on his or her Election Form. The Cap Amount shall be an amount expressed in dollars that serves as a limit on the dollar amount of advances the Participant may receive during the Commissions Period
that is covered by the Election Form. The Participant may only defer the portion of his or her Commissions that are in excess of the Cap Amount for the applicable Commissions Period. Except as provided in this Plan, neither Tremco nor the Company
may accelerate the payment of any deferred portion of a Participant’s Commissions, whether in the form of advances or otherwise. 

  
 10 

 (c) Short Plan Year. Notwithstanding the foregoing, if a Participant first becomes a
Participant after the first day of a Plan Year pursuant to Section 3.2(b), the maximum Annual Deferral Amount (i) with respect to Base Annual Salary and Director Fees shall be limited to the amount of compensation not yet earned by the
Participant as of the date the Participant becomes a Participant in accordance with Section 3.2(b), and (ii) with respect to Annual Bonus shall be limited to a ratable portion of the Annual Bonus determined by multiplying the total of such
amounts by the ratio of the days remaining in the performance period over the total number of days in the performance period. 
  

	 	4.2	 Election to Defer; Effect of Election Form. 

(a) A Participant’s election will be valid only if the Election Form is properly completed by the Participant, timely delivered to the
Administrator in accordance with Section 4.1(a) above and accepted by the Administrator. A Participant’s election will become irrevocable on the last day on which such election may be made under Section 4.1(a). If no Election Form is
filed for a Plan Year, the Annual Deferral Amount for such Plan Year shall be zero. 
 (b) A Participant shall designate in his Election Form
what portion, if any, of his Annual Deferral Amount shall be a Short-Term Payout and shall designate a Deferral Period for such Short-Term Payout that shall not be less than three (3) full Plan Years following the end of the Plan Year in which
the deferral is made. 
 (c) Notwithstanding the foregoing, the Company may cancel a Participant’s deferral election if the Committee
determines that he has suffered an Unforeseeable Emergency. 
  

	 	4.3	 Withholding and Crediting of Annual Deferral Amounts. 

For each Plan Year, the Base Annual Salary portion of the Annual Deferral Amount shall be withheld from each regularly scheduled Base Annual
Salary payroll in equal amounts (or the total equivalent if necessary to make adjustments for administrative purposes), as adjusted from time to time for increases and decreases in Base Annual Salary. The Annual Bonus, Commissions and/or Director
Fees portion of the Annual Deferral Amount shall be withheld at the time the Annual Bonus, Commissions or Director Fees are or otherwise would be paid to the Participant. Annual Deferral Amounts, if any, shall be credited to the appropriate
subaccount within a Participant’s Deferral Account as soon as practicable after such amounts would otherwise have been paid to the Participant. 
  

	 	4.4	 Vesting. 

A Participant shall at all times be 100% vested in his or her Account. 

 

	 	4.5	 FICA and Other Taxes. 

Annual Deferral Amounts. For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the
Participant’s Employer(s) shall withhold from that portion of the Participant’s Base Annual Salary and/or Annual Bonus or Commissions that are 

  
 11 

 
not being deferred, in a manner determined by the Employer(s), the Participant’s share of FICA and other employment taxes on such Annual Deferral Amount. If necessary, the Administrator may
reduce the Annual Deferral Amount in order to comply with this Section. 
  

	 	4.6	 Change In Distribution Elections Before December 31, 2008 For Code Section 409A Amounts.

 A Participant’s vested Account balance shall be paid as provided by the Plan and, where permitted under the
Plan, as elected by the Participant. At such times as permitted by the Administrator on or before December 31, 2008, in accordance with rules set forth by the Administrator pursuant to guidance under Code Section 409A, a Participant may
change his or her payment elections (including any election regarding the form and timing of a payment) for vested amounts and benefits of the Plan that are subject to Code Section 409A and that are deferred prior to the election. A Participant
may not in any calendar year, however, change any payment election with respect to any vested amounts or benefits subject to Code Section 409A that he or she would otherwise receive in such calendar year, or cause any such amount or benefit to
be paid in such calendar year that would otherwise not be received in such calendar year. 
  

	 	4.7	 Suspension of Contributions. 

Anything contained herein to the contrary notwithstanding, a Participant who receives a distribution from the Plan due to an Unforeseeable
Emergency under Section 6.14 shall not be eligible to make deferrals hereunder for a six (6) month period after receipt of such distribution. If required by the terms of the 40l(k) Plan, a Participant who receives a hardship distribution
under the 40l(k) Plan shall not be eligible to make deferrals under this Plan for a six (6) month period after receipt of the hardship distribution. 

  
 12 

 ACCOUNTS 
  

	 	5.1	 Establishment of Bookkeeping Accounts. 

A separate bookkeeping Account or Accounts shall be maintained for each Participant. Such Account(s) shall be credited with the Annual Deferral
Amount elected by the Participant pursuant to Section 4.1 and credited (or charged, as the case may be) with the hypothetical investment results determined pursuant to Section 5.3, and charged with distributions made to or with respect to
a Participant. 
  

	 	5.2	 Subaccounts. 

Within each Participant’s bookkeeping Account, separate subaccounts shall be maintained to the extent necessary or desirable for the
administration of the Plan. In particular, Accounts shall be subdivided into Deferral Accounts and Short-Term Payout Accounts, plus any other subaccounts the Administrator deems necessary or desirable. 

 

	 	5.3	 Earnings Elections. 

(a) Amounts credited to a Participant’s Account shall be credited or charged with earnings and losses based on one or more measurement
funds (“Measurement Funds”) selected by the Participant from among those made available under the Plan. Except as may be specifically determined by the Administrator and communicated to Participants, Participants shall have the option to
allocate the amounts credited to their Accounts among the Measurement Funds, which allocations may be changed at any time. The Measurement Funds shall be based on certain mutual funds and/or Company Stock, as determined by the Administrator in its
sole discretion. A Participant may elect different investment allocations for new contributions and existing Account balances. Only whole percentages may be elected, the minimum percentage for any allocation is 1%, and the total elections must
allocate 100% of all new contributions and 100% of all existing Account balances. If a Participant does not elect any of the Measurement Funds, the Participant’s Account Balance shall automatically be allocated to a Measurement Fund determined
by the Administrator in its sole discretion. The Measurement Funds and the procedures relating to the election of and any changes to such investment elections, shall be determined by the Administrator from time to time. A Participant’s Account
shall be adjusted as of each Valuation Date to reflect investment gains and losses. 
 (b) (i) The value of a
Participant’s Account Balance that has been allocated to any Measurement Fund based on Company Stock may be adjusted by the Administrator in its sole discretion to prevent dilution or enlargement of a Participant’s rights in the event of
any reorganization, merger or other “corporate transaction” as that term is defined in regulations promulgated under Code Section 424. 

(ii) Notwithstanding the foregoing provisions of this Subsection (b), the Company in its sole discretion, shall have the
authority to place such restrictions upon the investment directions of any person who is subject to Section 16(b) of the Securities Exchange Act of 1934 as amended (“Insider”) as shall be appropriate to comply with such section. 

  
 13 

	 	5.4	 Hypothetical Accounts and Creditor Status of Participants. 

The Accounts established under this Article 5 shall be hypothetical in nature and shall be maintained for bookkeeping purposes only, so that
Annual Deferral Amounts can be credited to the Participant and so that earnings and losses on such amounts so credited can be credited (or charged, as the case may be). Neither the Plan nor any of the Accounts (or subaccounts) shall hold any actual
funds or assets. The right of any person to receive one or more payments under the Plan shall be an unsecured claim against the general assets of the Company. Any liability of the Company to any Participant, former Participant, or Beneficiary with
respect to a right to payment shall be based solely upon contractual obligations created by the Plan. Neither the Company, the Board, nor any other person shall be deemed to be a trustee of any amounts to be paid under the Plan. Nothing contained in
the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind (other than a “rabbi trust”), or a fiduciary relationship, between the Company and a Participant, former Participant,
Beneficiary, or any other person. 

  
 14 

 ARTICLE 6 

PAYMENT OF ACCOUNT 
  

	 	6.1	 General. 

A Participant (or in the event of his death, his Beneficiary) shall be entitled to receive distribution of the vested amounts held in his
Deferral Account and/or Short-term Payout Account upon Separation from Service, expiration of the Deferral Period for a Short-Term Payout, death or a Change in Control, in accordance with the rules set forth below. Any amounts in such Accounts that
are not vested under Section 6.4 at the time distribution begins shall be forfeited. 
  

	 	6.2	 Separation from Service. 

A Participant shall be entitled to receive distribution of his Deferral Account upon Separation of Service. Payment of a Participant’s
Deferral Account following a Separation from Service will be made or will begin to be made as soon as practicable following the date of Separation from Service for Participants who are not “specified employees” and as of the first day of
the seventh month beginning after Separation from Service for Participants who are “specified employees.” For purposes of this Section, a “specified employee” is any Participant other than (i) a member of the Board of
Directors who is not an Employee; (ii) any Tremco Sales Employee; and (iii) any Participant who was a Participant in the DAP Products, Inc. Supplemental Executive Retirement and Deferred Compensation Plan, as in existence prior to its
merger into the Prior Plan, unless such Participant is an officer of DAP Products, Inc. at the time distribution would otherwise be made. 
  

	 	6.3	 Short-Term Payout Account. 

A Participant shall be entitled to receive payment of each Short-Term subaccount held within his Short-Term Payout Account in accordance with
the date or dates elected by the Participant in his Election Forms. Each payment from a Participant’s Short-Term Payout Account will be made within the first 60 days of the Plan Year following expiration of the Deferral Period with respect to
the relevant Short-Term Payout. Unless a Participant has elected otherwise in his Election Form with respect to a Short-Term Payout, all amounts remaining in a Participant’s Short -Term Payout Account upon a Separation from Service or upon
death shall be transferred to the Participant’s Deferral Account and thereafter distributed according to the time and form applicable for distribution of the Participant’s Deferral Account. 

 

	 	6.4	 Distribution upon Death. 

In the event of a Participant’s death when any amounts remain credited to his Deferral Account or Short-Term Payout Account, his
Beneficiary shall be entitled to receive distribution of the balance credited to such Account(s) paid in a single lump sum payment within 60 days following the date the Administrator is provided with proof satisfactory to it of the
Participant’s death. 

  
 15 

	 	6.5	 Change in Control. 

Notwithstanding anything herein to the contrary, in the event of a Change in Control, a Participant shall be entitled to receive distribution
of the balance credited to his Deferral Account and Short-Term Payout Account in a single lump sum payment within 30 days following such Change in Control. 
  

	 	6.6	 Form of Payment. 

All payments hereunder shall be in the form of a single lump sum payment, except that a Participant may elect that if he incurs a Separation
from Service due to Retirement, and if his total Account value exceeds the “applicable dollar amount” specified in Code Section 402(g), as adjusted in accordance with Section 402(g)(5), his Deferral Account shall be paid to him
in the form of annual installments paid over a period not to exceed 10 years. Except as otherwise determined by the Administrator in its sole discretion, all payments shall be made in the form of cash. 

 

	 	6.7	 Latest Payment Date 

Any distribution under this Plan shall be treated as made on the date otherwise provided for such payment if it is made not later than the
Latest Payment Date with respect to such payment. 
  

	 	6.8	 Valuation at Distribution. 

The balance of a Participant’s Account shall be determined as of the Valuation Date coincident with or next preceding the date of the
event giving rise to the distribution under Section 6.2, 6.3, 6.4 or 6.5 above; provided, however, that if a “specified employee” is entitled to distribution pursuant to 6.2 above, his Account shall be determined as of the Valuation
Date coincident or next preceding the last day of the sixth month beginning after Separation from Service. 
  

	 	6.9	 Change in Date or Form of Distribution. 

(a) A Participant may elect one time to change his elected form of distribution of his Deferral Account upon a Separation from Service due to
Retirement, to another form available under Section 6.6, in accordance with such procedures as may be adopted by the Administrator subject to Code Section 409A. 

(b) A Participant may also elect one time to change the time of commencement of distribution of his Deferral Account or Short-Term Payout
Account to another date or dates one time, in accordance with such procedures as may be adopted by the Administrator subject to Code Section 409A. 

(c) Any such revision to the date or form of any payment under this Section shall be made at least 12 months prior to the first distribution
date previously in effect with respect to such amount and shall delay distribution of such amount by at least 5 years from the date the payment would have otherwise been made hereunder. 

  
 16 

	 	6.10	 Other Distributions. 

To the extent the Administrator determines to be consistent with Code Section 409A, the Administrator may distribute all or part of a
Participant’s Accounts to the extent that acceleration of benefits is permissible in other limited circumstances pursuant to regulations and other guidance under Code Section 409A, including but not limited to those circumstances detailed
in Sections 11.15 and 11.16. 
  

	 	6.11	 Designation of Beneficiaries. 

(a) Each Participant shall have the right, at any time, to designate one (1) or more persons or an entity as Beneficiary (both primary as
well as secondary) to whom benefits under this Plan shall be paid in the event of a Participant’s death prior to complete distribution of the Participant’s Account. Each Beneficiary designation shall be in a written form prescribed by the
Administrator and will be effective only when filed with the Administrator during the Participant’s lifetime. A designation by a married Participant of a Beneficiary other than the Participant’s spouse shall not be effective unless the
spouse executes a written consent that acknowledges the effect of the designation and is witnessed by a notary public, or the consent cannot be obtained because the spouse cannot be located. 

(b) Any nonspousal designation of Beneficiary may be changed by a Participant without the consent of such Beneficiary by the filing of a new
designation with the Administrator. The filing of a new designation shall cancel all designations previously filed. 
 (c) If any
Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the
Participant’s Beneficiary shall be the Participant’s surviving spouse or, if there is no surviving spouse, the Participant’s estate. 
  

	 	6.12	 Change in Marital Status. 

If the Participant’s marital status changes after the Participant has designated a Beneficiary, the following shall apply: 

(a) If the Participant is married at death but was unmarried when the designation was made, the designation shall be void unless the spouse
has consented to it in the manner prescribed above. 
 (b) If the Participant is unmarried at death but was married when the designation was
made: 
 (i) The designation shall be void if the spouse was named as Beneficiary. The designation shall remain valid if a
nonspouse Beneficiary was named. 
 (ii) If the Participant was married when the designation was made and is married to a
different spouse at death, the designation shall be void unless the new spouse has consented to it in the manner prescribed above. 

  
 17 

	 	6.13	 Withdrawals for Unforeseeable Emergency. 

In accordance with procedures established by the Administrator, a Participant may apply to the Administrator for, and the Administrator may
permit, a withdrawal of all or any part of a Participant’s Deferral Account, together with all earnings, gains and losses thereon, if the Administrator, in its sole discretion, determines that the Participant has incurred an Unforeseeable
Emergency. The amount that may be withdrawn shall be limited to the amount reasonably necessary to relieve the Unforeseeable Emergency upon which the request is based, plus the federal and state taxes due on the withdrawal, as determined by the
Administrator. The Administrator may require a Participant who requests a withdrawal on account of an Unforeseeable Emergency to submit such evidence as the Administrator, in its sole discretion, deems necessary or appropriate to substantiate the
circumstances upon which the request is based and the unavailability of other resources with which the Participant may relieve the Unforeseeable Emergency. 
  

	 	6.14	 Withholding on Distribution. 

There may be withheld from any payment made in cash or in kind under the Plan such amount or amounts as may be required for purposes of
complying with the tax withholding or other provisions of the Code or the Social Security Act or any state or local income or employment tax act or for purposes of paying any estate, inheritance or other tax attributable to any amounts payable
hereunder. 

  
 18 

 ARTICLE 7 

ADMINISTRATION 
  

	 	7.1	 Committee Duties. 

Except as otherwise provided in this Article 7, this Plan shall be administered by a committee (“Committee”) which shall consist of
the Board, or such committee as the Board shall appoint. Members of the Committee may be Participants under this Plan, except that no Participant shall vote or act upon any matter relating solely to himself or herself. The Committee shall also have
the discretion and authority to (i) make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and (ii) decide or resolve any and all questions including interpretations of this Plan, as
may arise in connection with the Plan. The Committee may, from time to time, designate one or more persons or agents to carry out any or all of its duties hereunder. Any individual serving on the Committee who is a Participant shall not vote or act
on any matter relating solely to himself or herself. When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a Participant or the Company. 

 

	 	7.2	 Administration Upon Change In Control. 

(a) Administrator. For purposes of this Plan, the Committee shall be the “Administrator” at all times prior to the occurrence
of a Change in Control. Upon and after the occurrence of a Change in Control, the “Administrator” shall be an independent third party selected by the individual who, immediately prior to such event, was the Company’s Chief Executive
Officer or, if not so identified, the Company’s highest ranking officer (the “Ex-CEO”). In the event the Chief Executive Officer or highest ranking officer is not able to perform the duties and
responsibilities of the Ex-CEO, the next highest ranking officer of the Company able to perform such duties and responsibilities shall act as the Ex-CEO. The Committee,
however, as constituted immediately prior to a Change in Control, shall continue to act as the Administrator of this Plan until the date on which the independent third party selected by the Ex-CEO accepts the
responsibilities of Administrator under this Plan. The Administrator shall have the discretionary power to determine all questions arising in connection with the administration of the Plan and the interpretation of the Plan and Trust except benefit
entitlement determinations upon appeal; provided, however, upon and after the occurrence of a Change in Control, the Administrator shall have no power to direct the investment of Plan or Trust assets or select any investment manager or custodial
firm for the Plan or Trust. Upon and after the occurrence of a Change in Control, the Company must: (1) pay all reasonable administrative expenses and fees of the Administrator; (2) indemnify the Administrator against any costs, expenses
and liabilities including, without limitation, attorney’s fees and expenses arising in connection with the performance of the Administrator hereunder, except with respect to matters resulting from the gross negligence or willful misconduct of
the Administrator or its employees or agents; and (3) supply full and timely information to the Administrator on all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account balances of the Participants,
the date and circumstances of the Retirement, death or Termination of Employment of the Participants, and such other pertinent information as the Administrator may reasonably require. Upon and after a Change in Control, the Administrator may only be
terminated (and a replacement appointed) by the Ex-CEO. Upon and after a Change in Control, the Administrator may not be terminated by the Company. 

  
 19 

 (b) Benefit Review Committee. Upon and after the occurrence of a Change in Control,
the Benefits Review Committee, as constituted immediately prior to a Change in Control, shall continue to review denied claims as provided in Section 8.3 of this Plan. In the event any member of the Benefits Review Committee resigns or is
unable to perform the duties of a member of the Benefits Review Committee, successors to such members shall be selected by the Ex-CEO. Upon and after a Change in Control, the Benefits Review Committee shall
have the discretionary power and authority to determine all questions arising in connection with the review of a denied claim as provided in Section 8.3. Upon and after the occurrence of a Change in Control, the Company must: (1) pay all
reasonable administrative expenses and fees of the Benefits Review Committee; (2) indemnify the Benefits Review Committee against any costs, expenses and liabilities including, without limitation, attorney’s fees and expenses arising in
connection with the performance of the Benefits Review Committee hereunder, except with respect to matters resulting from the gross negligence or willful misconduct of the Benefits Review Committee or its employees or agents; and (3) supply
full and timely information to the Benefits Review Committee on all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account balances of the Participants, the date and circumstances of the Retirement, death or
Termination of Employment of the Participants, and such other pertinent information as the Benefits Review Committee may reasonably require. Upon and after a Change in Control, a member of the Benefits Review Committee may not be removed by the
Company but may only be removed (and a replacement appointed) by the Ex-CEO. 
  

	 	7.3	 Agents. 

In the administration of this Plan, the Committee and the Benefits Review Committee may, from time to time, designate one or more persons or
agents and delegate to them such duties as it sees fit (including acting through a duly appointed representative), and any reference herein to the Committee or Benefits Review Committee shall be construed as a reference to such persons or agents.
The Committee and Benefits Review Committee may from time to time consult with counsel who may be counsel to any Employer. 
  

	 	7.4	 Binding Effect of Decisions. 

Unless appealed to the Benefits Review Committee, the decision or action of the Committee or Administrator with respect to any question arising
out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. If such
decision or action is appealed under the provisions of this Plan, then the decision or action of the Benefits Review Committee shall be final and conclusive and binding upon all persons having any interest in the Plan. 

 

	 	7.5	 Indemnity of Committee and Benefits Review Committee. 

All Employers shall indemnify and hold harmless the members of the Committee and the Benefits Review Committee, any Employee to whom the duties
of the Committee or Benefits Review Committee may be delegated, and the Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of
willful misconduct by the Committee, the Benefits Review Committee 

  
 20 

 
any of the members of the Committee or Benefits Review Committee, any such Employee or the Administrator. 
  

	 	7.6	 Employer Information. 

To enable the Committee, the Benefits Review Committee and/or Administrator to perform its functions, the Company and each Employer shall
supply full and timely information to the Committee, the Benefits Review Committee and/or Administrator, as the case may be, on all matters relating to the compensation of its Participants, the date and circumstances of the Retirement, death or
Termination of Employment of its Participants, and such other pertinent information as the Committee, the Benefits Review Committee and/or Administrator may reasonably require. 

  
 21 

 ARTICLE 8 

CLAIMS PROCEDURES 
  

	 	8.1	 Presentation of Claim. 

Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”)
may deliver to the Committee at the Company headquarters a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the
claim must be made within sixty (60) days after such notice was received by the Claimant. All other claims must be made within 180 days of the date on which the event that caused the claim to arise occurred. The claim must state with
particularity the determination desired by the Claimant. 
  

	 	8.2	 Notification of Decision. 

The Committee shall consider a Claimant’s claim within a reasonable time, but no later than ninety (90) days after receiving the
claim. If the Committee determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial ninety (90) day
period. In no event shall such extension exceed a period of ninety (90) days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Committee
expects to render the benefit determination. The Committee shall notify the Claimant in writing: 
 (a) that the Claimant’s requested
determination has been made, and that the claim has been allowed in full; or 
 (b) that the Committee has reached a conclusion contrary, in
whole or in part, to the Claimant’s requested determination, and such notice must set forth in a manner calculated to be understood by the Claimant: 

(i) the specific reason(s) for the denial of the claim, or any part of it; 

(ii) specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

(iii) a description of any additional material or information necessary for the Claimant to perfect the claim, and an
explanation of why such material or information is necessary; 
 (iv) an explanation of the claim review procedure set forth
in Section 8.3 below; and 
 (v) a statement of the Claimant’s right to bring a civil action under ERISA
Section 502(a) following an adverse benefit determination on review. 

  
 22 

	 	8.3	 Review of a Denied Claim. 

The Board shall appoint the members of a Benefits Review Committee which shall consist of three (3) or more members. The Benefits Review
Committee shall decide appeals of claim denials as provided in this Section, have such other discretionary powers and authorities as provided by this Section, and shall have such other discretionary powers and duties as shall from time to time be
assigned to the Benefits Review Committee by the Company. Prior to a Change in Control the members of the Benefits Review Committee shall remain in office at the will of the Board, and the Board may remove any of said members, from time to time,
with or without cause. A member of the Benefits Review Committee may resign upon written notice to the remaining member or members of the Benefits Review Committee and to the Company respectively. The fact that a person is a prospective Participant,
a Participant or a former Participant shall not disqualify him from acting as a member of the Benefits Review Committee. In case of the death, resignation or removal of any member of the Benefits Review Committee, the remaining members shall act
until a successor-member is appointed. Upon request, the Company shall notify the Committee in writing of the names of the original members of the Benefits Review Committee, of any and all changes in the membership of the Benefits Review Committee,
of the member designated as Chairman and the member designated as Secretary, and of any changes in either office. Until notified of a change, the Committee shall be protected in assuming that there has been no change in the membership of the
Benefits Review Committee or the designation of Chairman or of Secretary since the last notification was filed with it. The Committee shall be under no obligation at any time to inquire into the membership of the Benefits Review Committee or its
officers. All communications to the Benefits Review Committee shall be addressed to its Secretary at the headquarters address of the Company. On or before sixty (60) days after receiving a notice from the Committee that a claim has been denied,
in whole or in part, a Claimant (or the Claimant’s duly authorized representative) may file with the Benefits Review Committee a written request for a review of the denial of the claim. The Claimant (or the Claimant’s duly authorized
representative): 
 (a) may, upon request and free of charge, have reasonable access to, and copies of, all documents, records and other
information relevant to the claim for benefits; 
 (b) may submit written comments or other documents; and/or 

(c) may request a hearing, which the Benefits Review Committee, in its sole discretion, may grant. 

 

	 	8.4	 Decision on Review. 

The Benefits Review Committee shall render its decision on review promptly, and no later than sixty (60) days after the Benefits Review
Committee receives the Claimant’s written request for a review of the denial of the claim. If the Benefits Review Committee determines that special circumstances require an extension of time for processing the claim, written notice of the
extension shall be furnished to the Claimant prior to the termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The extension notice shall
indicate the special circumstances requiring an extension of time and the date by which the Benefits Review Committee expects to render the benefit 

  
 23 

 
determination. In rendering its decision, the Benefits Review Committee shall take into account all comments, documents, records and other information submitted by the Claimant relating to the
claim, without regard to whether such information was submitted or considered in the initial benefit determination. The decision must be written in a manner calculated to be understood by the Claimant, and it must contain: 

(a) specific reasons for the decision; 

(b) specific reference(s) to the pertinent Plan provisions upon which the decision was based; 

(c) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all documents,
records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and 
 (d) a
statement of the Claimant’s right to bring a civil action under ERISA Section 502(a). 
  

	 	8.5	 Legal Action. 

A Claimant’s compliance with the foregoing provlSlons of this Article is a mandatory prerequisite to a Claimant’s right to commence
any legal action with respect to any claim for benefits under this Plan. 

  
 24 

 ARTICLE 9 

AMENDMENT AND TERMINATION 
  

	 	9.1	 Amendment, Modification and Termination. 

Subject to Sections 9.4 and 9.5 below, this Plan may be terminated by the Company at any time, or from time to time, by action of the Board,
and may be amended by the Company at any time, or from time to time, by action of one or more duly authorized officers of the Company. No amendment, modification or termination will be effective if it reduces the amounts credited to any
Participant’s Account or adversely affects the right of any Participant or Beneficiary to receive payment of the Account as provided under this Plan, determined as of the date of the amendment, unless an equivalent benefit is provided under
another plan or program sponsored by the Company or an Affiliate. Furthermore, no amendment, modification or termination will be effective prior to the date permitted under Code Section 409A. 

The prior provisions notwithstanding, this Plan may be amended to: 

(a) reduce or eliminate the ability for future contributions to be credited to Participants under this Plan; 

(b) reduce or eliminate the future deemed interest or earnings credited to the amounts held in a Participant’s Account; 

(c) comply with any law; or 

(d) preserve the intended deferral of taxation for the benefit of all Participants’ Accounts. 

 

	 	9.2	 Actions Binding on Employers. 

Any amendments made to this Plan, including an amendment to terminate the Plan, will be binding on all the Employers without the approval or
consent of the Employers other than the Company. 
  

	 	9.3	 Distribution of Benefits on Plan Termination. 

In the event the Company elects to amend, modify or terminate the Plan as provided under Section 9.1, no liquidation and payment of
benefits shall occur as a result. The prior provisions notwithstanding, the Company may, in its discretion, provide by amendment to the Plan for the liquidation and termination of the Plan where: 

(a) the termination and liquidation does not occur proximate to a downturn in the financial health of the Company and Affiliates; 

(b) the Plan and all arrangements required to be aggregated with the Plan under Code Section 409A are terminated and liquidated; 

  
 25 

 (c) no payments, other than those that would be payable under the terms of the Plan and the
aggregated arrangements if the termination and liquidation had not occurred, are made within twelve (12) months of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan; 

(d) all payments are made within twenty-four (24) months ofthe date the Company takes all necessary action to irrevocably terminate and
liquidate the Plan; and 
 (e) the Company and its Affiliates do not adopt a new arrangement that would be aggregated with any terminated
arrangement under Code Section 409A, at any time within three (3) years following the date of the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan. 

Notwithstanding the above, the Company may, in its discretion, provide by amendment to liquidate and terminate the Plan where the termination
and liquidation occurs within twelve (12) months of a corporate dissolution taxed under Code Section 331, or with the approval of a bankruptcy court pursuant to 11 United States Code Section 503(b)(1)(A), provided that all amounts
deferred under the Plan are included in the Participants’ gross incomes in the latest of the following years (or, if earlier, the taxable year in which the amount is actually or constructively received): 

(a) the calendar year in which the termination and liquidation occurs; 

(b) the first calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or 

(c) the first calendar year in which the payment is administratively practicable. 

 

	 	9.4	 Participation By Affiliates. 

Any Affiliate may adopt this Plan with the consent of the Company. An Affiliate that adopts this Plan shall be liable for the payment of any
benefit of a Participant under this Plan that relates to employment or services provided to the Affiliate by the Participant, and neither the Company nor any other Affiliate shall have any liability for such benefit. Each Affiliate, by electing to
participate in this Plan, appoints the Company as its agent and fully empowers the Company to act on its behalf as it may deem appropriate in maintaining or terminating the Plan. The adoption by the Company of any amendment to the Plan or the
termination of all or any part of the Plan will constitute and represent, without further action by any Affiliate, the approval, adoption, ratification, or confirmation by each Affiliate of such amendment or termination and each Affiliate shall be
bound by such amendment or termination. An Affiliate may cease participation only upon approval by the Company and only in accordance with such terms and conditions that may be required by the Company. 

  
 26 

 TRUST 
  

	 	10.1	 Establishment of the Trust. 

It is the intention of the Company that the Plan be unfunded for purposes of the Code and for purposes of Title 1 of ERISA. No assets of the
Company shall be held in any way as collateral security for the fulfilling of the obligations of the Company under the Plan. No assets of the Company shall be pledged or otherwise restricted in order to meet the obligations of the Plan. Nonetheless,
in order to provide assets from which to fulfill the obligations of the Participants and their beneficiaries under the Plan, the Company may establish a Trust by a trust agreement with a third party, the trustee, to which each Employer may, in its
discretion, contribute cash or other property, including securities issued by the Company, which trust is intended to provide for the benefit payments under the Plan. 
  

	 	10.2	 Interrelationship of the Plan and the Trust. 

The provisions of the Plan shall govern the rights of a Participant to receive distributions pursuant to the Plan. The provisions of the Trust
shall govern the rights of the Employers, Participants and the creditors of the Employers to the assets transferred to the Trust. Each Employer shall at all times remain liable to carry out its obligations under the Plan. 

 

	 	10.3	 Distributions From the Trust. 

Each Employer’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such
distribution shall reduce the Employer’s obligations under this Plan. If the Trust terminates in accordance with its terms and benefits are distributed from the Trust to a Participant in accordance therewith, the Participant’s benefits
under this Plan shall be reduced to the extent of such distributions. 

  
 27 

 MISCELLANEOUS 

 

	 	11.1	 Status of Plan. 

The Plan is intended to be a plan that is not qualified within the meaning of Code Section 401(a) and that “is unfunded and is
maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(l). The Plan shall be
administered and interpreted to the extent possible in a manner consistent with that intent. 
  

	 	11.2	 Unsecured General Creditor. 

Participants and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any
property or assets of an Employer. For purposes of the payment of benefits under this Plan, any and all of an Employer’s assets shall be, and remain, the general, unpledged unrestricted assets of the Employer. An Employer’s obligation
under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future and the rights of Participants and Beneficiaries shall be no greater than those of unsecured general creditors. 

 

	 	11.3	 Employer’s Liability. 

An Employer’s liability for the payment of benefits shall be defined only by the Plan and the Plan Agreement, as entered into between the
Employer and a Participant. An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan and his or her Plan Agreement. 
  

	 	11.4	 Nonassignability. 

Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate, alienate or convey in advance of actual receipt, the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are expressly declared to be, unassignable and non-transferable. No
part of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, be
transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property settlement or otherwise. 

 

	 	11.5	 Not a Contract of Employment. 

The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between any Employer and the Participant. Such
employment is hereby acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, or no reason, with or without cause, and with or without notice, unless expressly provided in a written
employment agreement. Nothing in this Plan shall be deemed to give a Participant the right to be retained in the service of any Employer, either as an Employee or a 

  
 28 

 
Director, or to interfere with the right of any Employer to discipline or discharge the Participant at any time. 
  

	 	11.6	 Furnishing Information. 

A Participant or his Beneficiary will cooperate with the Administrator by furnishing any and all information requested by the Administrator and
take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits hereunder, including but not limited to taking such physical examinations as the Administrator may deem necessary. 

 

	 	11.7	 Terms. 

Whenever any words are used herein in the masculine, they shall be construed as though they were in the feminine in all cases where they would
so apply; and whenever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. 

 

	 	11.8	 Captions. 

The captions of the articles, sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or
construction of any of its provisions. 
  

	 	11.9	 Governing Law. 

Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of Ohio without
regard to its conflicts of laws principles. 
  

	 	11.10	 Successors. 

The provisions of this Plan shall bind and inure to the benefit of the Participant’s Employer and its successors and assigns and the
Participant and the Participant’s designated Beneficiaries. 
  

	 	11.11	 Spouse’s Interest. 

The interest in the benefits hereunder of a spouse of a Participant who has predeceased the Participant shall automatically pass to the
Participant and shall not be transferable by such spouse in any manner, including but not limited to such spouse’s will, nor shall such interest pass under the laws of intestate succession. 

 

	 	11.12	 Validity. 

In case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining
parts hereof, but this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted herein. 

  
 29 

	 	11.13	 Incompetent. 

If the Administrator determines in its discretion that a benefit under this Plan is to be paid to a minor, a person declared incompetent or to
a person incapable of handling the disposition of that person’s property, the Administrator may direct payment of such benefit to the guardian, legal representative or person having the care and custody of such minor, incompetent or incapable
person. The Administrator may require proof of minority, incompetence, incapacity or guardianship, as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the account of the Participant and
the Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 
  

	 	11.14	 Distribution in the Event of Taxation. 

(a) Employment Taxes. Distribution shall be made from the Plan at such time or times as the Administrator, in its sole discretion
pursuant to uniform and nondiscriminatory procedures, shall determine that amounts are due for the payment of Federal Insurance Contributions Act taxes imposed under Code Sections 3101, 3121(a), or 3121(v)(2) on Participants’ Accounts. Such
distribution, if any, shall be made for the exclusive purpose of paying such Federal Insurance Contributions Act taxes. In addition, distribution shall be made from the Plan at such time or times as the Administrator, in its sole discretion pursuant
to uniform and nondiscriminatory procedures, shall determine that amounts are due for the payment of income tax at source on wages imposed under Code Section 3401 (or the corresponding withholding provisions of applicable state, local or
foreign tax laws) as a result of the payment of the Federal Insurance Contributions Act taxes, or are due for the payment of additional income tax at source on wages attributable to the pyramiding of Code Section 3401 wages and taxes. Such
distribution, if any, shall be made for the exclusive purpose of paying such taxes. In no event shall the amounts distributed pursuant to this Section exceed the amounts owed for the payment of Federal Insurance Contribution Act taxes and the income
tax withholding related to such amounts. 
 (b) Distribution upon Income Inclusion under Code Section 409A.
Notwithstanding anything herein to the contrary, in the event the Plan fails to meet the requirements of Code Section 409A, the portion of a Participant’s Account which is included in income on account of the failure to comply with Code
Section 409A shall be distributed to the Participant. 
  

	 	11.15	 Insurance. 

The Employers, on their own behalf or on behalf of the trustee of the Trust, and, in their sole discretion, may apply for and procure insurance
on the life of the Participant, in such amounts and in such forms as the Trust may choose. The Employers or the trustee of the Trust, as the case may be, shall be the sole owner and beneficiary of any such insurance. The Participant shall have no
interest whatsoever in any such policy or policies, and at the request of the Employers shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to whom the
Employers have applied for insurance. 

  
 30 

	 	11.16	 Legal Fees To Enforce Rights After Change in Control. 

The Company and each Employer is aware that upon the occurrence of a Change in Control, the Board or the board of directors of a
Participant’s Employer (which might then be composed of new members) or a shareholder of the Company or the Participant’s Employer, or of any successor corporation might then cause or attempt to cause the Company, the Participant’s
Employer or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Company or the Participant’s Employer to institute, or may institute, litigation seeking to deny Participants the
benefits intended under the Plan. In these circumstances, the purpose of the Plan could be frustrated. Accordingly, if, at any time in the two calendar years following a Change in Control while a Participant continues to have an Account under the
Plan, it should appear to any Participant that the Company, the Participant’s Employer or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Company, such Employer or
any other person takes any action to declare the Plan void or unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Participant the benefits intended to be provided, then the Company and
the Participant’s Employer irrevocably authorize such Participant to retain counsel of his or her choice at the expense of the Company and the Participant’s Employer (who shall be jointly and severally liable) to represent such Participant
in connection with the initiation or defense of any litigation or other legal action, whether by or against the Company, the Participant’s Employer or any director, officer, shareholder or other person affiliated with the Company, the
Participant’s Employer or any successor thereto in any jurisdiction. The reasonable fees and expenses of counsel selected from time to time by the Participant as hereinabove provided shall be paid or reimbursed to the Participant by the Company
on a regular, periodic basis no later than 30 days after presentation by the Participant of a statement or statements prepared by such counsel in accordance with its customary practices, up to a maximum annual amount of $250,000 in each of the two
years following the year in which occurs the Change in Control, provided that the Participant presents such statement(s) no later than 30 days prior to the end of each such year. 

 

	 	11.17	 Coordination with Other Benefits. 

The benefits provided for a Participant and Participant’s Beneficiary under the Plan are in addition to any other benefits available to
such Participant under any other plan or program for employees of the Participant’s Employer. The Plan shall supplement and shall not supersede, modify or amend any other such plan or program except as may otherwise be expressly provided. 

  
 31 

 IN WITNESS WHEREOF, the Company, by its duly authorized officer, has caused this RPM
International Inc. 2005 Deferred Compensation Plan to be executed effective as of February 1, 2021. 
  

			
	RPM International Inc.
		
	By:	 	 /s/ Janeen B. Kastner

		 	Janeen B. Kastner
		
	Title:	 	Vice President - Corporate Benefits and Risk Management

  
 32

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