Document:

Supplemental Pension Plan

 EXHIBIT 10.38 
 CORNING INCORPORATED 
 SUPPLEMENTAL PENSION PLAN 
 CORNING INCORPORATED (the “Company”) hereby amends and restates effective January 1, 2008, the Corning Incorporated Supplemental Pension
Plan (the Plan”) for the benefit of eligible Employees. 
 ARTICLE ONE 
 Definitions 
  

	1.1	“Board” means the Board of Directors of Corning Incorporated. 

  

	1.2	“Change in Control” means an event that is “a change in the ownership or effective control of the corporation, or in the ownership of a substantial portion of the
assets of the corporation” within the meaning of Section 409A and that also falls within one of the following circumstances: 

  

	 	(i)	an offeror (other than the Company) purchases shares of Corning Common Stock pursuant to a tender or exchange offer for such shares; 

  

	 	(ii)	any person (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) is or becomes the beneficial owner, directly or indirectly, of the
Company’s securities representing 50% or more of the combined voting power of Company’s then outstanding securities; 

  

	 	(iii)	the membership of the Company’s Board of Directors changes as the result of a contested election or elections, such that within any 12 month period a majority of the
individuals who are Directors at any particular time were initially placed on the Board of Directors as a result of such a contested election or elections; or 

  

	 	(iv)	the consummation of a merger in which the Company is not the surviving corporation, consolidation, sale or disposition of all or substantially all of the Company’s assets or a
plan of partial or complete liquidation approved by the Company’s shareholders. 

  

	1.3	“Code” means the Internal Revenue Code of 1986 as amended from time to time. 

  

	1.4	“Committee” means the Supplemental Pension Committee appointed by the Board. 

  

	1.5	“Company” means Corning Incorporated. 

  

	1.6	“Employee” means any employee of a Participating Company who participates in the Qualified Plan and who is a management or highly compensated employee as such employees
are defined in Title I of ERISA. 

  

	1.7	“Normal Retirement Date” and “Early Retirement Date” shall have the same meanings given these terms in the Qualified Plan. 

  

	1.8	“Participating Company” means the Company and any related entity that meets the definition of “Company” in the Qualified Plan and which is approved by the
Committee as a Participating Company under this Plan. 

  

	1.9	“Plan” means this Corning Incorporated Supplemental Pension Plan. 

  

	1.10	“Qualified Plan” means The Corning Incorporated Pension Plan for Salaried Employees. 

  

	1.11	“Section 409A” means Section 409A of Code, and the Treasury regulations and other authoritative guidance issued thereunder. 

  

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 ARTICLE ONE 
 Purpose and Intent of Plan 
  

	2.1	The purpose of this Plan is to attract and retain a highly-motivated executive workforce by providing to eligible Employees retirement benefits in excess of those permitted under
the Qualified Plan. The Plan is intended to constitute an unfunded plan of deferred compensation for a select group of management or highly-compensated employees as provided for in Title I of ERISA. This Plan is also intended to comply with the
requirements of Section 409A and shall be interpreted consistent with that intent. The terms of this Plan shall supersede any and all other plans and documents that may have terms that are inconsistent with and/or are additional to the terms
herein. 

 ARTICLE TWO 
 Eligibility 
  

	3.1	The following categories of Employees are eligible to participate in this Plan: 

 (a) every Employee whose benefit under the Qualified Plan’s benefit formula is limited by the benefit limitations of Code
Section 415, the compensation cap of Code Section 401(a)(17) or any other Code limitation that restricts the level of Qualified Plan benefits; and 
 (b) every other Employee designated by the Committee. The Committee shall keep such records as it deems appropriate to identify Employees
covered by this subsection (b). 
  

	3.2	Notwithstanding any provision to the contrary, an otherwise eligible Employee shall be ineligible to participate and shall forfeit all rights to receive any benefit payment under
this Plan if such employee: 

 (a) is terminated for cause, which determination shall be in the sole discretion
of the Committee and this determination shall be final and binding on all persons; or 
 (b) terminates employment for any
reason prior to becoming fully vested in the Qualified Plan. 
 Additionally, an Employee who is designated as eligible to receive benefits
under the Executive Supplemental Pension Plan shall not be entitled to any benefits under the Corning Incorporated Supplemental Pension Plan. Instead, such an Employee’s benefit will be determined under the terms of the Executive Supplemental
Pension Plan, which generally ensures payment of any vested benefit under this Plan that has accrued as of the date the Employee commences participation under the Executive Supplemental Pension Plan. 
 ARTICLE THREE 
 Benefits 
  

	4.1	Benefit Amount. 

 (a) For an
eligible Employee entitled to a Part I career average benefit under the Qualified Plan, the supplemental career average benefit payable under this Plan on his or her Normal or Early Retirement Date shall be a straight life annuity equal to the
excess of (i) over (ii) where: 
  

	 	(i)	equals the aggregate amount he or she would be entitled to receive under the Qualified Plan’s Part I career average formula as of the date benefits commence under
Section 4.2 without regard to Code limitations on benefits or compensation but with regard to the modifications listed in subparagraph (c) below, and 

  

	 	(ii)	equals the amount the eligible Employee is actually entitled to receive as of such date under the Qualified Plan’s Part I career average formula. 

  

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 (b) For an eligible Employee entitled to a Part II cash balance benefit under the
Qualified Plan, the supplemental cash balance benefit payable under this Plan shall be a lump sum amount equal to the excess of (i) over (ii) where: 
  

	 	(i)	equals the aggregate amount he or she would be entitled to receive under the Qualified Plan’s Part II cash balance formula as of the date benefits commence under
Section 4.2 without regard to Code limitations on benefits or compensation but with regard to the modifications listed in subparagraph (c) below, and 

  

	 	(ii)	equals the amount the eligible Employee is actually entitled to receive as of such date under the Qualified Plan’s Part II cash balance formula. 

 (c) The modifications referred to in computing the benefit under (a) and (b) above are as follows: 
  

	 	(i)	the term compensation shall mean the total remuneration (before salary reduction, if any, under the Company’s Management Deferral Plan, Supplemental Investment Plan, Investment
Plan or any other Code section 125, 132(f) or 401(k) employee benefit plan) paid to an Employee by the Company for personal services actually rendered, including cash payments of GoalSharing awards, Performance Incentive Plan awards, Division Cash
Awards, Individual Outstanding Contributor Awards and certain other eligible cash bonuses, but excluding any Company contributions paid under this Plan or any other employee benefit or deferred compensation plan, awards under the Company’s
Incentive Stock Plan, non-cash bonuses, awards under the Corporate Performance Plan, the value of stock purchase contracts, dividends or dividend equivalents thereon, reimbursed expenses, overseas allowances, cost-of-living allowances, death
benefits, severance pay, signing bonuses, special achievement bonuses and other unusual payments determined by the Committee in a non-discriminatory manner. The Committee, in its sole discretion, may add to the items of includable compensation other
compensatory payments or benefits earned by eligible Employees; 

  

	 	(ii)	pursuant to any agreement with an Employee and with the approval of the Committee, the service factor for persons who retire from a Participating Company on or after reaching age 55
with a Part I career average benefit or with a Part II cash balance benefit may take account of the eligible Employee’s service with any prior employer; 

  

	 	(iii)	in the discretion of the Committee the benefit under this Plan may, in lieu of the formula amount under Section 4.1(a) or (b), be a minimum benefit expressed in dollar terms or
a percentage of pay, offset by the amount the Employee is actually entitled to receive under the Qualified Plan. Any such minimum benefit shall be identified in such records as the Committee deems appropriate. 

 Except for the foregoing modifications, the benefit calculation under Section 4.1 of this Plan shall be made in the same manner as it would be made
under the Qualified Plan, including application of any pertinent reductions for early retirement and by reference to the definitions that appear in the Qualified Plan, except that (i) for purposes of calculating a supplemental cash balance
benefit, the benefit shall be based on the stated balance of the eligible Employee’s cash balance account and shall not be adjusted on account of any tax qualification rules not explicitly incorporated in the Qualified Plan’s cash balance
formula; and (ii) any special adjustments made to an Employee’s benefit under the Qualified Plan due to a disability shall not apply to this Plan after the Employee’s termination of employment. 
  

	4.2	Committee Adjustments. Notwithstanding the foregoing, for purposes of calculating a particular Employee’s benefit under the Plan, the Committee, in its sole discretion,
may adjust an Employee’s compensation, credited and/or vesting service or other factor used in calculating the Employee’s benefit in any manner the Committee deems appropriate, provided such adjustment is memorialized in writing. The
Committee may make such adjustment solely for a specified Employee or group of Employees and without regard to how other Employees are treated. 

  

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	4.3	Commencement of Benefits. Except as set forth in Section 4.7, a Participating Company shall commence paying the nonforfeited benefits due under the Plan’s
supplemental Part I career average benefit formula within 60 days of the first of the month following the later of: (i) the Employee’s “separation from service” within the meaning of Section 409A; or (ii) the date the
Employee attains age 55. A Participating Company shall commence paying the nonforfeited benefits due under the Plan’s supplemental Part II cash balance benefit formula within 60 days of the first of the month following the Employee’s
“separation from service” within the meaning of Section 409A. For purposes of the definition of “separation from service” where a leave of absence is due to any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Employee to be unable to perform the duties of his or her position of employment or any substantially
similar position of employment, the employment relationship is deemed to terminate on the first date immediately following a 29-month period of absence. 

 Notwithstanding the foregoing, benefit payments to a “specified employee” within the meaning of Section 409A (for this purpose, payments on account of death are not considered to be payments made on
account of separation from service) may not commence until six months following the date of the specified employee’s separation from service. Benefit payments that would otherwise have been paid to a specified employee in the absence of the
previous sentence shall be held in suspense during the six month suspension period and paid to the specified employee in a lump sum payment as soon as administratively practicable after the date which is six months following the specified
employee’s separation from service. 
  

	4.4	Form of Payment. 

 (a) The
supplemental Part I career average benefit payable under this Plan shall be a life annuity for unmarried participants and a joint and 75 percent survivor annuity for married participants. In lieu of the foregoing default form of payment, Employees
may elect, prior to the commence of benefits, to receive their benefits in the form of a single life annuity or a joint and 50, 75 or 100 percent survivor annuity. Any election to change the form of benefit must be made under such procedures
established by the Committee. The amount of the actual benefit paid from this Plan shall be the straight life annuity calculated under Section 4.1 adjusted as appropriate using the actuarial assumptions set forth in the career average formula
under the Qualified Plan if a different form of annuity is paid. If an Employee terminates employment after attaining age 55 and completing more than 5 years of vesting service under the Qualified Plan, the Employee’s life annuity or joint and
survivor annuity shall be paid in the form of the six year certain benefit described in Section 4.11 of the Qualified Plan (as of the date of this restatement). No actuarial adjustments shall be made for such six year certain benefit.

 (b) The form of payment of the supplemental Part II cash balance benefit payable under this Plan shall be a lump sum
amount. 
 (c) Notwithstanding the foregoing, the following special rules shall apply in lieu of the foregoing under the
specified circumstances: 
  

	 	(i)	Benefits payable under Section 4.7 shall be paid in the form of a lump sum payment and the actuarial assumptions used for calculating such amount shall be the “applicable
interest rate” and “applicable mortality table”, in each case as defined in Section 417(e)(3) of the Code, for the last month of the quarter that second precedes the quarter of the determination. 

  

	 	(ii)	In the event that the lump sum value of an Employee’s supplemental Part I career average benefit payable under this Plan (or related death benefit described in
Section 4.5) is less than $20,000 (calculated as of the date benefits would commence), such benefit shall be paid in the form of a lump sum payment, rather than an annuity. The actuarial assumptions used for calculating such amount shall be the
“applicable interest rate” and “applicable mortality table”, in each case as defined in Section 417(e)(3) of the Code, for the last month of the quarter that second precedes the quarter of the determination.

  

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	4.5	Death Benefits. 

 (a) Supplemental Part I Career
Average Death Benefit. The following rules shall apply to death benefits relating to an Employee’s supplemental Part I career average benefit. For such a benefit, the eligible Surviving Spouse of an Employee shall be entitled to a benefit
under this paragraph if the Employee dies while in the active employment of the Company or a Participating Company, and either (i) has completed ten or more vesting years of service under the Qualified Plan; or (ii) has completed five or
more vesting years of service under the Qualified Plan and has reached at least the age of 55 at the date of his death. Such an eligible Surviving Spouse shall be entitled to receive a lifetime annuity, commencing within 60 days of the first of the
month following the Employee’s death in an amount equal to 50% of the Employee’s benefit under Section 4.1 at Normal Retirement Age. If the Surviving Spouse is more than five years younger than the deceased Employee, the pension
otherwise payable to the Surviving Spouse shall be reduced by one-fifth of one percent times the number of months or major fractions thereof which is equal to the difference between (a) the age of said Surviving Spouse plus 60 months and
(b) the age of the deceased Employee. 
 In the event a Surviving Spouse is not entitled to a death benefit under the preceding paragraph
and the Employee has a vested benefit under this Plan, a lifetime annuity shall be paid to the Surviving Spouse commencing within 60 days of the first of the month following the Employee’s death (or, if later, the date the Employee would have
attained age 55). In the case of an Employee who died before age 55 and before benefits under this Plan commence, the amount of such lifetime annuity shall equal the amount that would have been paid to the Surviving Spouse if the Participant had
terminated employment on the date of death, survived until age 55, retired at age 55 and elected to commence benefits under a joint and 50% survivor benefit with the Surviving Spouse as beneficiary and immediately died. 
 (b) Supplemental Part II Cash Balance Death Benefit. If an Employee dies before the Employee receives his supplemental Part II cash balance
benefit, such benefit shall be paid in a lump sum within 60 days of the first of the month of the Employee’s death to the Employee’s beneficiary. 
  

	4.6	Unfunded Plan. The benefits payable to an eligible Employee under this Plan shall be paid by the Participating Company that employs the eligible Employee out of its general
assets and shall not be otherwise funded as of the effective date of the plan. Although the Company does not intend, as of the effective date, to set aside any specific assets to meet its obligation to pay benefits under this Plan, the Company may,
in its discretion, set aside assets for meeting its obligations, including, but not limited to, the establishment of a rabbi or other grantor trust. In the event such fund or trust is established, each Participating Company shall be responsible for
making contributions to provide for the benefits of its own eligible Employees. 

 No Employee shall have any property rights in
any such fund or trust or in any other assets held by a Participating Company. The right of an eligible Employee or his or her spouse or beneficiary to receive any of the benefits provided by this Plan shall be an unsecured claim against the general
assets of a Participating Company. 
  

	4.7	Change in Control. Notwithstanding any provision to the contrary but still subject to forfeiture provisions set forth in Section 3.2(a), in the event of a Change in
Control, each eligible Employee shall become fully vested in the benefit payable under this Plan using the formula set forth in Section 4.1. If an eligible Employee has a “separation from service” within the meaning of
Section 409A within 12 months of the Change in Control, such Employee shall receive his vested benefit under this Plan in the form of a single lump sum payment within 60 days of the first of the month of such separation, subject to the 6 month
delay described in Section 4.3 (if applicable). In the case of a Change in Control and a termination of employment described above, an eligible Employee who has not at such time attained the age of 55 shall nevertheless be entitled to an
immediate lump sum payment under this Plan equal to the then present value of the benefit that would have been payable at the time the Employee reached age 55 but determined on the basis of compensation (as defined in Section 4.1(c)(i) of this
Plan) and credited service (as defined in the Qualified Plan) as of the date of the Employee’s separation from service. 

  

	4.8	Enhanced Benefit for “Avanex Deal” Employees. 

 (a) Eligible Participants. An individual is eligible for the enhanced benefit of this Section 4.8 if the individual (i) has been designated a “Transferred Corning Employee” within the
meaning of the Asset Purchase Agreement between Avanex Corporation and the Company; (ii) is covered by the grandfathered Part I benefit under the Qualified Plan, if applicable; and (iii) has or by December 31, 2003 will have a
combination of age plus Vesting Years of Service that equals at least 69. 
  

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 (b) Earlier Commencement of Part I Benefits. Each eligible individual described in
subsection (a) shall receive upon separation from service an immediate benefit from this Plan even if he or she has not reached age 55. The amount of the benefit computed under Section 4.1(a) shall be computed under the assumption that the
eligible individual has reached age 55 except that benefits commencing prior to age 55 shall be reduced to an Actuarial Equivalent amount, as such term is described in the Qualified Plan. Until such time as benefits first become payable under the
Qualified Plan, all benefits shall be paid from this Plan. When benefits become payable under the Qualified Plan, the Qualified Plan offset described in Section 4.1 shall be effective even if the Employee actually defers payment of the
Qualified Plan benefit until a later date. 
 (c) Reemployment with the Company. If an individual who is entitled to
the enhanced benefit under this Section is rehired by the Company, the enhanced benefit will be forfeited if the Employee terminated employment from Avanex prior to January 31, 2004. If the termination from Avanex occurred after that date, the
enhanced benefit shall be preserved for the rehired Employee but only with respect to the pension benefits earned prior to becoming an Avanex employee. 
 (d) Enhanced Part II Benefits. A Transferred Corning Employee whose benefit is based on the Qualified Plan’s Part II cash balance formula shall, in addition to the normal interest allocation specified in
Section 4.16(c) of the Qualified Plan, have his or her Cash Balance Account credited with an interest allocation equal to 4 percent times the number of whole years between the end of his or her employment which immediately follows his or her
period of paid leave and the date he or she would have attained the earlier of age 60 or 30 Vesting Years of Service, as determined under the Qualified Plan, provided that the maximum additional interest allocation shall not exceed 20 percent.

  

	4.9	Beneficiary Designations. The Employee shall be given the right to designate a beneficiary under such rules as are prescribed by the Committee. The spousal consent
requirements under the Qualified Plan shall not apply to this Plan. In the event all or a portion of an Employee’s benefit is payable to a beneficiary and the Employee fails to designate a beneficiary, the beneficiary shall be the
Employee’s Surviving Spouse (as defined in the Qualified Plan), or if the Employee does not have a Surviving Spouse, the Employee’s estate. 

 ARTICLE FOUR 
 Administration 
  

	5.1	Committee as Administrator. This Plan shall be administered by the Committee in accordance with the Plan’s terms. 

 The Committee shall determine the benefits due each Employee from this Plan and the Qualified Plan and shall cause them to be paid by the Qualified Plan
or by a Participating Company under this Plan accordingly. 
 The Committee shall inform each Employee of any elections which the Employee may
possess and shall record such choices along with such other information as may be necessary to administer the Plan. 
  

	5.2	Consistency of Interpretation. Since this Plan is intended to operate in conjunction with the Qualified Plan, any questions concerning plan administration or the calculation
of benefits that arise but are not specifically addressed by this Plan shall be considered in light of the Qualified Plan. In addition, unless the context requires otherwise, the terms used in this Plan shall have the same meaning as the same terms
used in the Qualified Plan. 

  

	5.3	Committee Action Final. The Committee has sole discretion to determine eligibility to participate in this Plan, to determine the eligibility for and the amount of benefits,
to interpret the Plan and to take any other action it deems appropriate to administer this Plan. The decisions made by and the actions taken by the Committee shall be final and conclusive on all persons. 

 Members of the Committee shall not be subject to individual liability with respect to their actions under this Plan. Notwithstanding the foregoing, the
Company shall indemnify each member of the Committee who may incur financial liability for actions or failures to act with respect to the member’s Committee responsibilities. 
  

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	5.4	Claims Procedures. 

 (a) Claim
for Benefits. The Committee, or its authorized delegate, shall maintain a procedure under which an Employee or his beneficiary (or an authorized representative acting on behalf of an Employee or his beneficiary) may assert a claim for benefits
under the Plan. Any such claim shall be submitted to the Committee in writing. The Committee will generally notify the claimant of its decision within 90 days after it receives the claim. However, if the Committee determines that special
circumstances require an extension of time to decide the claim, it may obtain an additional 90 days to decide the claim. Before obtaining this extension, the Committee will notify the claimant, in writing and before the end of the initial 90-day
period, of the special circumstances requiring the extension and the date by which the Committee expects to render a decision. 
 (b) Claims Review Procedure. If the claimant’s claim is denied in whole or in part, the Committee will provide the claimant, within the period described in Section 5.4(a), with a written or electronic notice which explains
the reason or reasons for the decision, includes specific references to Plan provisions upon which the decision is based, provides a description of any additional material or information which might be helpful to decide the claim (including an
explanation of why that information may be necessary), and describes the appeals procedures and applicable filing deadlines. 
 If a claimant disagrees with the decision reached by the Committee, the claimant may submit a written appeal requesting a review of the decision. The claimant’s written appeal must be submitted within 60 days of receiving the initial
adverse decision. The claimant’s written appeal should clearly state the reason or reasons why the claimant disagrees with the Committee’s decision. The claimant may submit written comments, documents, records and other information
relating to the claim even if such information was not submitted in connection with the initial claim for benefits. Additionally, the claimant, upon request and free of charge, may have reasonable access and copies of all documents, records and
other information relevant to the claim. 
 The Committee will generally decide a claimant’s appeal within 60 days after
receipt of the appeal. If special circumstances require an extension of time for reviewing the claim, the claimant will be notified in writing. The notice will be provided prior to the commencement of the extension, describe the special
circumstances requiring the extension and set forth the date the Committee will decide the appeal. Such date will not be later than 120 days from the date the Committee receives the appeal. In the case of an adverse decision, the notice will explain
the reason or reasons for the decision, include specific references to Plan provisions upon which the decision is based, and indicate that the claimant is entitled to, upon request and free of charge, reasonable access to and copies of documents,
records, and other information relevant to the claim. 
 A claimant may not commence a judicial proceeding against any person,
including the Plan, the Plan administrator, a Participating Company, or any other person, with respect to a claim for benefits without first exhausting the claims procedures set forth in the preceding paragraph. A claimant who has exhausted these
procedures and is dissatisfied with the decision on appeal of a denied claim may bring an action in an appropriate court to review the Committee’s decision on appeal but only if such action is commenced no later than the earlier of (1) the
applicable statute of limitations, or (2) the first anniversary of the Committee’s decision on appeal. 
 ARTICLE FIVE 

Amendment and Termination 
  

	6.1	While the Company intends to maintain this Plan in conjunction with the Qualified Plan indefinitely, the Board reserves the right to amend or terminate it at any time for whatever
reasons it may deem appropriate. The Board delegates to the Supplemental Pension Committee the authority to make technical amendments to the Plan. Notwithstanding the foregoing, any amendment or termination of the Plan shall comply with the
requirements of Section 409A. 

 Notwithstanding the preceding paragraph, however, the Company hereby makes a contractual
commitment on behalf of itself, the other Participating Companies and their successors to pay, or to require the other Participating Companies to pay, the benefits accrued under this Plan prior to its amendment or termination to the extent it or the
other Participating Companies are financially capable of meeting such obligation. 
  

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 ARTICLE SIX 
 Miscellaneous 
  

	7.1	No Contract of Employment. Nothing contained in this Plan shall be construed as a contract of employment between a Participating Company and an Employee, or as a right of any
Employee to be continued in the employment of a Participating Company, or as a limitation of the right of a Participating Company to discharge any of its Employees, with or without cause. 

  

	7.2	No Transferability. The rights of an Employee under this Plan shall not be transferable, voluntarily or involuntarily, other than by will or the laws of descent and
distribution and are exercisable during the Employee’s lifetime only by the Employee or the Employee’s guardian or legal representative. 

  

	7.3	Governing Law. This Plan shall be interpreted and enforced in accordance with the laws of the State of New York. 

  

	7.4	Section 409A. This Plan shall be governed by and subject to the requirements of Section 409A and shall be interpreted and administered in accordance with that
intent. If any provision of this Plan would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict. The Committee reserves the right to take any action it deems appropriate
or necessary to comply with the requirements of Section 409A and may take advantage of such transition rules under Section 409A as its deems necessary or appropriate. To the extent that this Plan has been amended in 2007 to change the time
and form of payments, the amendment may apply only to amounts that would not otherwise be payable in 2007 and may not cause an amount to be paid in 2007 that would not otherwise be payable in 2007. 

  

	7.5	Taxation. The benefits payable under this Plan shall be subject to all federal, state and local income and employment taxes to which benefits of this type are normally
subject. 

  

	7.6	Successors. This Plan shall be binding on the Company’s successors and assigns. 

  

	7.7	Effective Date. The original effective date of this Plan is January 1, 1994. The effective date of this restated plan document is January 1, 2008.

 IN WITNESS WHEREOF, the Company has caused this Plan document to be executed by its duly authorized officer this 3rd day of
October 2007 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

	Title:	 	Sr. VP Global Comp & Benefits

  

 173Supplemental Investment Plan

 EXHIBIT 10.39 
 CORNING INCORPORATED 
 SUPPLEMENTAL INVESTMENT PLAN 
 CORNING INCORPORATED (the “Company”) hereby amends and restates in its entirety, effective January 1, 2008, the Corning Incorporated
Supplemental Investment Plan (the “Plan”) to permit Eligible Employees to defer a portion of their compensation to supplement contributions they make pursuant to the Corning Incorporated Investment Plan. 
 ARTICLE ONE 
 Definitions 

 

	1.1	“Board” means the Board of Directors of Corning Incorporated. 

  

	1.2	“Change in Control” means an event that is “a change in the ownership or effective control of the corporation, or in the ownership of a substantial portion of the
assets of the corporation” within the meaning of Section 409A and that also falls within one of the following circumstances: 

  

	 	(i)	an offeror (other than the Company) purchases shares of Corning Common Stock of the Company pursuant to a tender or exchange offer for such shares; 

  

	 	(ii)	any person (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) is or becomes the beneficial owner, directly or indirectly, of the
Company’s securities representing 50% or more of the combined voting power of the Company’s then outstanding securities; 

  

	 	(iii)	the membership of the Company’s Board of Directors changes as the result of a contested election or elections, such that within any 12 month period a majority of the
individuals who are Directors at any particular time were initially placed on the Board of Directors as a result of such a contested election or elections; or 

  

	 	(iv)	the consummation of a merger in which the Company is not the surviving corporation, consolidation, sale or disposition of all or substantially all of the Company’s assets or a
plan of partial or complete liquidation approved by the Company’s shareholders. 

  

	1.3	“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

  

	1.4	“Committee” means the Supplemental Pension Committee appointed by the Board. 

  

	1.5	“Company” means Corning Incorporated. 

  

	1.6	“Company Stock Fund” means an investment fund option that is invested, actually or hypothetically, primarily in any class of Corning common stock.

  

	1.7	“Compensation” means the sum of an Eligible Employee’s base salary and bonuses (before salary reduction, if any, under the Company’s Management Deferral Plan,
Supplemental Investment Plan, Investment Plan or any other Code section 125, 132(f) or 401(k) employee benefit plan) without regard to the limitation prescribed in Code Section 401(a)(17). As used in this Plan, base salary, means the base pay
to an Eligible Employee by the Company for personal services actually rendered, Division Cash Awards, Individual Outstanding Contributor Awards and certain other eligible cash bonuses; bonus means cash payments of GoalSharing awards and Performance
Incentive Plan awards. Excluded as eligible forms of compensation under this Plan are any Company contributions paid under this Plan or any other employee benefit or deferred compensation plan, awards under the Company’s Incentive Stock Plan,
non-cash bonuses, commission-based compensation, awards under the Corporate Performance Plan, the value of stock purchase contracts, dividends or dividend equivalents thereon, reimbursed expenses, overseas allowances, cost-of-living allowances,
death benefits, severance pay, signing bonuses, special achievement bonuses and other unusual payments determined by the Committee in a non-discriminatory manner. The Committee in its sole discretion may add to the items of includable compensation
other compensatory payments or benefits earned by an Eligible Employee. 

  

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	1.8	“Effective Date” means January 1, 1997. The effective date of this restatement is January 1, 2008. 

  

	1.9	“Eligible Employee” means any employee of a Participating Company who meets the eligibility requirements of Section 3.1(a) and the Committee permits to participate in
the Plan. 

  

	1.10	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

  

	1.11	“Investment Plan” means the Corning Incorporated Investment Plan for Salaried Employees. 

  

	1.12	“Participating Company” means the Company and any related entity that meets the definition of “Company” in the Pension Plan and which is approved by the
Committee as a Participating Company under this Plan. 

  

	1.13	“Pension Plan” means the Corning Incorporated Pension Plan for Salaried Employees. 

  

	1.14	“Plan” means this Corning Incorporated Supplemental Investment Plan. 

  

	1.15	“Plan Year” means the calendar year. 

  

	1.16	“Section 409A” means Section 409A of Code, and the Treasury regulations and other authoritative guidance issued thereunder. 

  

	1.17	“Trustee” means any trustee the Board may designate if it determines, in its sole discretion, to establish a rabbi trust fund for the purpose of paying Plan benefits.

 ARTICLE TWO 
 Purpose and Intent of Plan 
  

	2.1	The purpose of this Plan is to attract and retain a highly-motivated executive workforce by providing to Eligible Employees the opportunity to defer additional Compensation and for
the Company to make additional contributions on behalf of Eligible Employees in excess of those permitted under the Investment Plan. The Plan is intended to constitute an unfunded plan of deferred compensation for a select group of management or
highly-compensated employees as provided for in Title I of ERISA. This Plan is also intended to comply with the requirements of Section 409A and shall be interpreted consistent with that intent. The terms of this Plan shall supersede any and
all other plans and documents that may have terms that are inconsistent with and/or are additional to the terms herein. 

 ARTICLE THREE 
 Eligibility and Participation 
  

	3.1	(a) Eligibility. An employee shall be an Eligible Employee and be entitled to participate in this Plan during any Plan Year that (i) such employee is on the Company
payroll for the Plan Year; and (ii) such employee belongs to a select group of management or highly-compensated employees as provided for in Title I of ERISA that the Committee has designated as being eligible to participate in the Plan.

 An employee who is eligible to participate in this Plan in a Plan Year shall not continue to be eligible to participate in
the Plan in any subsequent Plan Year unless the employee satisfies the foregoing eligibility criteria in such subsequent Plan Year. 
 (b)
Participation. An Eligible Employee shall commence participating in the Plan consistent with the Eligible Employee’s election pursuant to Section 4.3 in the event that the Eligible Employee’s elected contributions under the
Investment Plan for a Plan Year are suspended because the Eligible Employee’s Compensation for such year exceeds the annual compensation limit of Code Section 401(a)(17) ($225,000 in calendar year 2007) or the Eligible Employee has
contributed the maximum contribution to the Investment Plan under Code Sections 402(g) and 414(v). 
  

 175 

 ARTICLE FOUR 
 Contributions 
  

	4.1	Employee Contributions. An Eligible Employee may contribute to this Plan in a Plan Year any amount of his or her Compensation during the Plan Year (not to exceed the maximum
percentage of compensation permitted under the Investment Plan for employee contributions) that is earned above the compensation on which the Eligible Employee’s contributions to the Investment Plan are based. All Eligible Employee
contributions shall be pre-tax and shall be made by salary reduction in accordance with the deferral election rules of Section 4.3. 

  

	4.2	Company Allocations. 

 (a) Matching
Allocations. If any portion of an Eligible Employee’s contributions under Section 4.1 consists of amounts that would have been matched by the Company under the Investment Plan but for a Code limitation on contributions, the Company
will credit matching allocations to the Eligible Employee under this Plan with respect to such amounts at the same level and under the same terms as specified in the Investment Plan. Any Investment Plan limitation on matching contributions that is
not attributable to Code limitations (e.g., the Investment Plan’s cap on the maximum Company match) shall apply to allocations credited under this Plan and under the Investment Plan in the aggregate. Matching allocations will be credited
separately with respect to salary and bonus deferrals instead of being based on deferrals in the aggregate; an Eligible Employee will not be credited with a maximum match unless he or she contributes at least the required percent of earnings from
both components of income (i.e., base salary and bonuses). 
 (b) Allocations for Long-Service Employees. Each Plan Year, the
Company shall allocate on behalf of each Eligible Employee who both (i) is currently accruing a benefit under the career average formula of the Company’s Pension Plan (part I benefit) and (ii) has nine or more years of vesting service
as of the preceding December 31 and who is making contributions to this Plan for the Plan Year, an amount equal to 1.175 percent of the Eligible Employee’s Compensation for the Plan Year, reduced by the amount the Company contributes as a
mandatory contribution to the Investment Plan for the Plan Year. No contribution will be made under this subsection (b) for any period during which an Eligible Employee is accruing a benefit under the cash balance formula of the Company’s
Pension Plan (part II benefit). 
  

	4.3	Deferral Election for Eligible Employee Contributions. An Eligible Employee may defer Compensation under this Plan only by making an election with the Company before the last
day of the Plan Year preceding the Plan Year in which the services giving rise to the compensation are performed. For example, an election to defer base salary earned in 2009 must be made on or before December 31, 2008. Likewise, an election to
defer an annual bonus that is earned for services rendered in 2009 but is paid in 2010 must be made on or before December 31, 2008. 

 Such election shall include: (a) the amount to be deferred; and (b) for the Eligible Employee’s initial election to contribute to the Plan, the form of payment for receiving his or her retirement
benefits. The terms of this election shall be irrevocable except that a new election form may be filed with respect to future deferrals for subsequent Plan Years. However, the form of payment elected by an Eligible Employer in his/her first deferral
election shall govern all subsequent deferrals. 
 An Eligible Employee shall make separate elections with respect to deferrals of base salary
and deferrals of bonuses. An Eligible Employee’s elections for base salary and bonuses shall continue in effect for subsequent Plan Years until the Eligible Employee makes a new election. Any new election shall become effective for Compensation
earned for services provided in the Plan Year following the year when the new election is made. Generally, references to “base salary” means Compensation other than Compensation earned for services provided (in whole or part) in one year
and paid out in a subsequent year (e.g., annual bonuses), and references to bonuses means Compensation that does not qualify as a base salary. 
 When an Eligible Employee makes an election to contribute a percentage of base salary into the Plan, the Eligible Employee must also make an election to contribute a percentage to the Investment Plan. Actual deferrals into this Plan shall
not commence until the percentage election under the Investment Plan results in a cessation of contributions to the Investment Plan due to the application of the Code’s limitations on compensation and/or contributions. By making a base salary
deferral election into this Plan for a Plan Year, the Eligible Employee agrees that his or her deferral election under the Investment Plan shall be irrevocable for the Plan Year. 
  

 176 

	4.4	Committee Adjustments. Notwithstanding the foregoing, for purposes of calculating a particular Eligible Employee’s benefit under the Plan, the Committee, in its sole
discretion, may adjust an Eligible Employee’s compensation, vesting service or other factor used in calculating the Eligible Employee’s benefit in any manner the Committee deems appropriate, provided such adjustment is memorialized in
writing. The Committee may make such adjustment solely for a specified Eligible Employee or group of Eligible Employees and without regard to how other Eligible Employees are treated. Notwithstanding the foregoing, no adjustment may be made under
this Section if it would violate Section 409A. 

 ARTICLE FIVE 
 Investment of Eligible Employee Accounts 
  

	5.1	Investment of Deferred Amounts. The Committee shall establish the same investment options under this Plan as are available from time to time under the Investment Plan. These
options may be in the form of: (1) hypothetical accounts whose performance shall track the returns of the comparable Investment Plan options; (2) actual funds held by the Company; or (3) actual funds held by a Board appointed Trustee
of a rabbi trust. In any event, amounts allocated to an Eligible Employee’s accounts shall be subject to the investment direction of such Eligible Employee as designated under the Plan. 

 Notwithstanding the objective of establishing identical investment options under this Plan as exist in the Investment Plan, the Committee may in its sole
discretion establish independent rules under this Plan concerning the investment of Eligible Employee deferrals in the Company Stock Fund, e.g., by prohibiting such investments altogether, by prohibiting persons subject to
Section 16(b)’s short-swing profits rules from making such investments or by otherwise regulating the terms of investing in the Company Stock Fund. 
 The amount of an Eligible Employee’s deferrals that can be allocated to the Company Stock Fund is restricted to 20% of such deferrals and no transfers from any other investment fund into the Company Stock Fund
are permitted. If an Eligible Employee’s investment elections as to future deferrals indicates an allocation to the Company Stock Fund that is in excess of 20% of total deferrals, then the excess portion of said Eligible Employee’s Company
Stock Fund allocation election which is over 20% shall be automatically revised to direct such excess portion of any future contributions to a default fund designated by the Investment Plan Committee. 
 The Company shall have the ultimate obligation to pay out all deferred amounts adjusted for earnings/losses thereon in accordance with the terms of this
Plan. In order to meet its obligations under this Plan, the Company may appoint a Trustee and direct such Trustee to establish a single investment account or individual investment accounts. The Trustee shall be empowered to invest such accounts and
any earnings thereon in such investments (not to include securities of the Trustee) as may be designated by the Committee. In the event a Trustee is appointed to establish investment accounts, the Committee shall be responsible for directing how the
accounts are to be invested, taking into account Eligible Employee preferences. If no Trustee is appointed, the Committee shall establish bookkeeping accounts and credit earnings to such accounts in accordance with such Investment Plan benchmarks as
may be established from time to time. 
  

	5.2	Investment of Company Allocations. If applicable, all Company allocations under Section 4.2 shall be subject to such investment and transfer restrictions as apply from
time to time to comparable contributions made under the Investment Plan in which the Eligible Employee participates. 

  

	5.3	Rollover of Other Deferred Compensation Accounts. The Committee may in its sole discretion direct the transfer of amounts deferred by an Eligible Employee under another
unfunded deferred compensation plan of the Company to the Eligible Employee’s account under this Plan. Such transfer shall be made for the purpose of commonly investing the deferred amounts under a single investment arrangement. Any such
transfer of assets shall be permitted only to the extent that the assets are of a type which can be invested under this Plan. No transfer of assets shall change the terms of any deferred compensation election made by the Eligible Employee with
respect to such transferred assets. However, to the extent consistent with any election on the other unfunded deferred compensation arrangement’s election form, the terms of this Plan and any associated trust agreement shall govern such
transferred amounts. No transfer may be permitted under this Section if prohibited under Section 409A. 

  

	5.4	Limitations on Assignment of Benefits. Each Eligible Employee’s account under the trust shall be subject to the claims of the Company’s creditors in the event of
the Company’s insolvency or bankruptcy as provided in the trust agreement. The benefits payable under this Plan shall not be subject in any way to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment,
execution or levy of any kind by the Eligible Employee, his beneficiary or the creditors of either, including any such liability as may arise from the Eligible Employee’s bankruptcy. 

  

 177 

	5.5	Unfunded Plan. The benefits payable to an Eligible Employee under this Plan shall be paid by the Participating Company that employs the Eligible Employee out of its general
assets and shall not be otherwise funded as of the effective date of the plan. Although the Company does not intend, as of the effective date, to set aside any specific assets to meet its obligation to pay benefits under this Plan, the Company may,
in its discretion, set aside assets for meeting its obligations, including, but not limited to, the establishment of a rabbi or other grantor trust. In the event such fund or trust is established, each Participating Company shall be responsible for
making contributions to provide for the benefits of its own Eligible Employees. 

 No Eligible Employee shall have any property
rights in any such fund or trust or in any other assets held by a Participating Company. The right of an Eligible Employee or his or her spouse or beneficiary to receive any of the benefits provided by this Plan shall be an unsecured claim against
the general assets of a Participating Company. 
 ARTICLE SIX 
 Benefits 
  

	6.1	Vesting. An Eligible Employee’s contributions under Section 4.1, the Company’s allocations for long-service Eligible Employees under Section 4.2(b) and
the earnings on all such contributions are 100 percent vested at all times. The Company’s matching allocations under Sections 4.2(a) and earnings thereon shall become vested in accordance with the terms and conditions in effect from time to
time for the vesting of Company matching contributions under the Investment Plan. 

  

	6.2	Timing and Form of Benefit Payments. 

 (a)
Retirement Benefits. If an Eligible Employee terminates employment at any time on or after the date the Eligible Employee attains age 55 and completes five years of vesting service, the amounts accumulated in an Eligible Employee’s
account shall be paid in full or shall commence within 60 days after the six month anniversary of his or her termination of employment. Account balances shall be paid in cash in either a lump sum or in annual installment payments of substantially
equal amounts over a five year period. Installment payments will be calculated by dividing the Eligible Employee’s account balance by the remaining installment payments). The election of the form of payment shall be made initially at the time
of the deferral election as specified in Section 4.3. If no valid election concerning the form of benefits is in effect, the Eligible Employee’s entire account balance shall be paid in a lump sum amount. For purposes of this Plan, vesting
service shall be calculated under the rules set forth in the Investment Plan as of January 1, 2008. For purposes of this Section, “terminates employment” or “termination of employment” shall have the meaning specified in
Section 409A; provided that for purposes of this definition where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period
of not less than six months, where such impairment causes the Employee to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, the employment relationship is deemed to terminate on
the first date immediately following a 29-month period of absence. 
 (b) Death Benefits. In the event of an Eligible Employee’s
death, his or her account balance shall be payable to his or her designated beneficiary which may be a natural person, a trust or an estate. An Eligible Employee shall designate his or her beneficiary in writing on a form acceptable to the
Committee. The filing of any beneficiary designation form shall have the effect of automatically revoking any beneficiary designation form filed previously. The consent of a previously-designated beneficiary shall not be a prerequisite for an
Eligible Employee to file a new beneficiary designation form. 
 If death occurs while the Eligible Employee is receiving installment
payments, the Company shall pay the remaining interest of the Eligible Employee to his or her beneficiary in a lump sum payment within 60 days after the Eligible Employee’s death. 
 With respect to deaths which occur prior to an Eligible Employee’s commencing receipt of benefits, the Company shall pay the Eligible Employee’s
benefit to his or her beneficiary in a lump sum payment within 60 days after the Eligible Employee’s death. 
 If a beneficiary is not
validly designated, or is not living or cannot be found at the date of payment, any amount payable pursuant to this Plan shall be paid to the estate of the Eligible Employee in a lump sum amount. 
  

 178 

 (c) Benefits Payable Other Than on Account of Retirement or Death. If an Eligible Employee’s
termination of employment occurs for any reason other than retirement or death as described in the preceding subsections, the Eligible Employee’s entire vested interest under this Plan shall be paid out in a single lump sum payment within 60
days following termination of employment. Notwithstanding the foregoing, benefit payments to a specified employee may not commence until six months following the date of the specified employee’s termination of employment. Therefore, benefits
paid under this subsection to a specified employee shall be paid in a lump sum within 60 days after the date that is 6 months following the specified employee’s termination of employment. For purposes of this Section, “specified
employee” or “termination of employment” shall have the meanings set forth in Section 409A; provided that for purposes of the definition of “termination of employment” where a leave of absence is due to any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Employee to be unable to perform the duties of his or
her position of employment or any substantially similar position of employment, the employment relationship is deemed to terminate on the first date immediately following a 29-month period of absence. 
  

	6.3	In-Service Withdrawals. Notwithstanding the time of payment provisions set forth in Section 6.2, the Committee may, in its sole discretion, authorize an in-service
withdrawal on account of an Eligible Employee’s Unforeseeable Emergency. A distribution based upon Unforeseeable Financial Emergency shall not exceed the lesser of the Eligible Employee’s vested account balance, or the amount reasonably
needed to satisfy the Unforeseeable Financial Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the payouts, after taking into account the extent to which the Unforeseeable Financial Emergency is or may be relieved
through reimbursement or compensation by insurance or otherwise or by liquidation of the participant’s assets (to the extent the liquidation of assets would not itself cause severe financial hardship). A distribution based upon Unforeseeable
Financial Emergency shall be permitted only to the extent permitted under Section 409A. 

 For purposes of the Plan, the
term “Unforeseeable Financial Emergency” shall mean an unanticipated emergency that is caused by an event beyond the control of the Eligible Employee that would result in severe financial hardship to the Eligible Employee resulting from
(i) an illness or accident of the participant, the participant’s spouse or a dependent of the participant, (ii) a loss of the participant’s property due to casualty, or (iii) such other extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the participant, all as determined in the sole discretion of the Committee. 
  

	6.4	Change in Control. In the event of a Change in Control, the accounts of all Eligible Employees shall remain or become 100 percent vested and the Committee shall have the
discretion either to distribute all account balances accrued to the date of the Change in Control in a lump sum amount or to permit the Plan to continue in accordance with its terms. The Committee shall make its determination on whether to continue
the Plan or to distribute all accounts in the period beginning 30 days prior to an anticipated Change in Control and 180 days following an actual Change in Control. Any termination and liquidation of the Plan under this Section must satisfy all
applicable requirements under Section 409A. 

  

	6.5	CCS Supplemental Investment Plan and the CCS Supplemental Retirement Plan. Effective February 2, 2004, the CCS Supplemental Investment Plan and the CCS Supplemental
Retirement Plan shall be merged into this plan and all distributions on and after February 2, 2004, from the Plan shall be made in accordance with the distribution rules set forth under the Plan. 

 ARTICLE SEVEN 
 Administration and
Procedures 
  

	7.1	Committee as Administrator. This Plan shall be administered by the Committee in accordance with the Plan’s terms. 

 The Committee shall inform each Eligible Employee of any deferral, investment and beneficiary elections which the Employer may possess and shall record
such choices along with such other information as may be necessary to administer the Plan. 
  

	7.2	Establishment of Accounts. The Committee shall establish and maintain individual accounts for each Eligible Employee, which accounts shall record all activities with respect
to the accounts, including contributions, adjustments for earnings (and losses), and withdrawals. The Committee shall determine the benefits due each Eligible Employee from this Plan and shall direct them to be paid by the Company, a Participating
Company or the Trustee accordingly. 

  

 179 

	7.3	Committee Action Final. The Committee has sole discretion to determine the eligibility of employees to participate in this Plan, to determine their eligibility for and the
amount of their benefits, to interpret the Plan, to adopt rules relating to its administration and to take any other action it deems appropriate to administer the Plan. The decisions made by and the actions taken by the Committee shall be final and
conclusive on all persons. 

 Members of the Committee shall not be subject to individual liability with respect to their
actions under this Plan. Notwithstanding the foregoing, the Company shall indemnify each member of the Committee who may incur financial liability for actions or failures to act with respect to the member’s Committee responsibilities.

  

	7.4	Consistency of Interpretation. Since this Plan is intended to operate in conjunction with the Investment Plan, any questions concerning plan administration or the calculation
of benefits that arise but are not specifically addressed by this Plan shall be considered in light of the Investment Plan. In addition, unless the context requires otherwise, the terms used in this Plan shall have the same meaning as the same terms
used in the Investment Plan. 

  

	7.5	Claims Procedures. 

 (a) Claim for Benefits.
The Committee, or its authorized delegate, shall maintain a procedure under which an Eligible Employee or his beneficiary (or an authorized representative acting on behalf of an Eligible Employee or his beneficiary) may assert a claim for benefits
under the Plan. Any such claim shall be submitted to the Committee in writing. The Committee will generally notify the claimant of its decision within 90 days after it receives the claim. However, if the Committee determines that special
circumstances require an extension of time to decide the claim, it may obtain an additional 90 days to decide the claim. Before obtaining this extension, the Committee will notify the claimant, in writing and before the end of the initial 90-day
period, of the special circumstances requiring the extension and the date by which the Committee expects to render a decision. 
 (b)
Claims Review Procedure. If the claimant’s claim is denied in whole or in part, the Committee will provide the claimant, within the period described in Section 7.5(a), with a written or electronic notice which explains the reason or
reasons for the decision, includes specific references to Plan provisions upon which the decision is based, provides a description of any additional material or information which might be helpful to decide the claim (including an explanation of why
that information may be necessary), and describes the appeals procedures and applicable filing deadlines. 
 If a claimant disagrees with the
decision reached by the Committee, the claimant may submit a written appeal requesting a review of the decision. The claimant’s written appeal must be submitted within 60 days of receiving the initial adverse decision. The claimant’s
written appeal should clearly state the reason or reasons why the claimant disagrees with the Committee’s decision. The claimant may submit written comments, documents, records and other information relating to the claim even if such
information was not submitted in connection with the initial claim for benefits. Additionally, the claimant, upon request and free of charge, may have reasonable access and copies of all documents, records and other information relevant to the
claim. 
 The Committee will generally decide a claimant’s appeal within 60 days after receipt of appeal. If special circumstances
require an extension of time for reviewing the claim, the claimant will be notified in writing. The notice will be provided prior to the commencement of the extension, describe the special circumstances requiring the extension and set forth the date
the Committee will decide the appeal. Such date will not be later than 120 days from the date the Committee receives the appeal. In the case of an adverse decision, the notice will explain the reason or reasons for the decision, include specific
references to Plan provisions upon which the decision is based, and indicate that the claimant is entitled to, upon request and free of charge, reasonable access to and copies of documents, records, and other information relevant to the claim.

 A claimant may not commence a judicial proceeding against any person, including the Plan, the Plan administrator, a Participating Company,
or any other person, with respect to a claim for benefits without first exhausting the claims procedures set forth in the preceding paragraph. A claimant who has exhausted these procedures and is dissatisfied with the decision on appeal of a denied
claim may bring an action in an appropriate court to review the Committee’s decision on appeal but only if such action is commenced no later than the earlier of (1) the applicable statute of limitations, or (2) the first anniversary
of the Committee’s decision on appeal. 
  

 180 

 ARTICLE EIGHT 
 Amendment and Termination 
  

	8.1	Company’s Authority. The Company reserves the right to amend or to terminate the Plan at any time for whatever reason it may deem appropriate. The Board delegates to the
Supplemental Pension Committee the authority to make technical amendments to the Plan. Notwithstanding the foregoing, any amendment or termination of the Plan shall comply with the requirements of Section 409A (e.g., no Plan amendment shall
accelerate the payment of amounts previously deferred or provide for additional benefits). 

  

	8.2	Company Obligations for Benefits. Notwithstanding the preceding Section, the Company hereby makes a contractual commitment to pay to its Eligible Employees the benefits
accrued under this Plan to the extent it is financially capable of meeting such obligations. 

 ARTICLE NINE 
 Miscellaneous 
  

	9.1	No Contract of Employment. Nothing contained in this Plan shall be construed as a contract of employment between the Company and an Eligible Employee, or as a right of any
Eligible Employee to be continued in the employment of a Participating Company, or as a limitation of the right of a Participating Company to discharge any of its Eligible Employees, with or without cause. 

  

	9.2	No Transferability. The rights of an Eligible Employee under this Plan shall not be transferable, voluntarily or involuntarily, other than by will or the laws of descent and
distribution and are exercisable during the Eligible Employee’s lifetime only by the Eligible Employee or the Eligible Employee’s guardian or legal representative. 

  

	9.3	Governing Law. This Plan shall be interpreted and enforced in accordance with the laws of the State of New York. 

  

	9.4	Section 409A. This Plan shall be governed by and subject to the requirements of Section 409A and shall be interpreted and administered in accordance with that
intent. If any provision of this Plan would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict. The Committee reserves the right to take any action it deems appropriate
or necessary to comply with the requirements of Section 409A and may take advantage of such transition rules under Section 409A as it deems necessary or appropriate. 

  

	9.5	Taxation. The benefits payable under this Plan shall be subject to all federal, state and local income and employment taxes to which benefits of this type are normally
subject. 

  

	9.6	Successors. This Plan shall be binding on the Company’s successors and assigns. 

  

	9.7	Effective Date. The original effective date of this Plan is January 1, 1997. The effective date of this restated plan document is January 1, 2008.

 IN WITNESS WHEREOF, the Company has caused this Plan document to be executed by its duly authorized officer this 3rd day of
October 2007 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

	Title:	 	Sr. VP Global Comp & Benefits

  

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