Document:

EX-10.10

 Exhibit 10.10 

KEY MANAGEMENT SEVERANCE AGREEMENT 

This Severance Agreement (the “Agreement”) is made as of <<Date>> by and between OWENS CORNING, a Delaware
corporation and its subsidiaries (the “Company”), and «FirstName» «MI» «LastName», an officer of the Company (“Executive”). 

WHEREAS the Company desires to provide Executive with certain severance pay and benefits, and to expose Executive to confidential
Company information, each in exchange for Executive’s commitment to keep such information confidential and to not engage in competitive activities with the Company for the duration of Executive’s employment and for two years thereafter;

 WHEREAS the Compensation Committee of the Board of Directors of the Company (the “Committee”) has approved this
Severance Agreement to provide Executive with certain severance pay, benefits and privileges on the termination of Executive’s employment as described below; 

NOW THEREFORE, the parties hereto agree as follows: 
  

	1.	Company Initiated Termination For Reasons Other than Cause and Unsatisfactory Performance If the Company terminates Executive’s employment for any reason other than Unsatisfactory Performance or Cause (as
defined in paragraphs 10(g) and 10(b), respectively), or Executive voluntarily terminates Executive’s employment under circumstances involving a Constructive Termination, as defined in paragraph 10(d), Executive will be entitled to the
following compensation, provided that Executive executes a Release and Non-Competition Agreement satisfactory to the Company: 

  

	 	a.	Severance payment in an amount equal to Base Pay, as defined in paragraph 10(a); and 

  

	 	b.	Separation Incentive Payment, as defined in paragraph 10(e). 

  

	2.	Company Initiated Termination For Unsatisfactory Performance. If the Company terminates Executive’s employment for Unsatisfactory Performance, as defined in paragraph 10(g), Executive will be entitled only
to the following compensation, provided that Executive executes a Release and Non-Competition Agreement satisfactory to the Company: 

  

	 	a.	Severance payment equal to 50% of Base Pay, as defined in paragraph 10(a); and 

  

	 	b.	Severance payment equal to 50% of a Separation Incentive Payment, as defined in paragraph 10(e). 

  

	3.	Company Initiated Termination For Cause. If the Company terminates Executive’s employment for Cause, as defined in paragraph 10(b), Executive will be entitled only to base salary earned and as yet unpaid
through the effective date of termination. 

  

	4.	Timing of Payments. Except as otherwise delayed pursuant to this paragraph 4, compensation payable under paragraphs 1 or 2 above after a Change of Control shall be paid in a lump sum as soon as practicable after
termination (no later than the 15th day of the third month following the termination). Compensation payable under paragraphs 1 or 2 above absent a Change of Control will be made through the normal
payroll cycle over [12/24] months. All payments will be made minus applicable withholdings. To the extent that any payment hereunder would subject Executive to taxes or penalties under Section 409A of the Internal Revenue Code (“Section
409A”), such payment(s) shall be delayed until six (6) months after Executive’s separation from service (“Delayed Payments”). Executive shall receive a lump sum equivalent to the Delayed Payments on the six month anniversary
of Executive’s separation from service, with the remaining compensation due under this Agreement being paid through the normal payroll cycle over the following [12/18] months. 

	5.	Sale of Business. If Executive’s employment ends under circumstances described in paragraph 1 above in connection with the sale by the Company of a subsidiary, business unit, division or facility, payments
will be made under this Agreement only if Executive is not offered a position with materially equivalent base salary with the Company or with the new owner of the business (without regard to whether Executive accepts such a position). If Executive
receives and accepts a suitable offer from the new owner of the business (the “Successor Employer”) and is subsequently terminated within one year of the closing date of the sale under circumstances that would result in payment of benefits
under this Agreement, Executive will be treated as though he had been terminated by the Company and receive the payments provided for in this Agreement, less any amounts or benefits provided by the Successor Employer in connection with
Executive’s termination, no later than the March 15th of the calendar year following the calendar year in which Executive’s termination of employment from the Successor Employer
occurs. 

  

	6.	Termination For Other Reasons. If Executive voluntarily terminates employment including by reason of retirement (other than as provided in paragraph 1 above with regard to Constructive Termination), or if
Executive’s employment terminates due to death or Permanent Total Disability, Executive shall not be entitled to any benefits under this Agreement. 

  

	7.	Continuation of Insurance Benefits. In the event Executive’s employment terminates under the circumstances described in paragraph 1 or 2 of this Agreement, the Company will continue Executive’s
participation and coverage for a period of one year or six months, respectively (the “Severance Period”) from Executive’s last day of employment with the Company under the Company’s medical and dental plans, in which Executive is
participating immediately prior to such employment termination, subject to the Company’s right to modify the terms of the plans or arrangements providing these benefits. If Executive is employed by another entity during the Severance Period,
the Company will immediately become a secondary obligor. 

  

	8.	Non-Duplication of Benefits. Any compensation or benefits payable under the terms of this Agreement will be offset and not augmented by other compensation or benefits of the same or similar type payable under
local laws of the Executive’s country, any existing plan or agreement of the Company or any other arrangement between Executive and the Company covering the Executive (including, but not limited to, any Company severance policy and the
Company’s Annual Incentive Plan). It is intended that this Agreement not duplicate benefits Executive is entitled to under country “redundancy” laws, the Company’s regular severance policy, any related policies, or any other
contracts, agreements or arrangements between Executive and the Company. 

  

	9.	Term. This Agreement shall be effective from the date hereof throughout Executive’s term of employment as an officer of the Company, but shall expire and be of no effect immediately after the second
anniversary of either: (a) a Change of Control or (b) written notice of intent to terminate this Agreement by the Company’s Chief Executive Officer, whichever shall occur first. Executive’s Confidentiality, Non-Solicitation and
Non-Competition obligations set forth herein shall survive the termination or expiration of this Agreement, provided however, that if Executive has become entitled to any payments pursuant to this Agreement before such second anniversary which have
not been paid by such second anniversary, such payments shall be made pursuant to the terms of this Agreement. 

  

	10.	Certain Defined Terms. As used herein, the following terms shall have the following meanings: 

  

	 	a)	“Base Pay” shall mean the greater of two times the annual salary paid to Executive as of the date of termination or the date of a Change of Control, as the case may be, notwithstanding any pay reduction that
may be related to a Constructive Termination. 

  
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	 	b)	“Cause” shall mean: 

  

	 	1)	Conviction of any felony or failure to contest prosecution of a felony; or 

  

	 	2)	Willful misconduct or dishonesty that is harmful to the Company’s business or reputation; or 

  

	 	3)	Serious violation of the Company’s Business Code of Conduct. 

  

	 	c)	“Change of Control” shall have the same meaning and definition as set forth in the 2010 Stock Plan approved by the shareholders, and is incorporated herein by reference. To the extent any amount payable under
this Agreement constitutes nonqualified deferred compensation, within the meaning of Section 409A and would result in additional taxes or penalties to Executive under that section, then the timing of payments will be made as if there were no
Change of Control. 

  

	 	d)	“Constructive Termination” shall be deemed to have occurred only if: 

  

	 	1)	Prior to a Change of Control: Executive’s Base Pay is materially reduced without Executive’s written consent; or 

  

	 	2)	On or within a two-year period after a Change of Control: (A) Executive’s Base Pay or annual incentive pay opportunity is materially reduced without Executive’s written consent; (B) Executive is
required by the Company to relocate to a new place of business that is more than fifty miles from Executive’s place of business prior to the Change of Control (or the Company mandates a substantial increase in the amount of required business
travel); or (C) there is a material adverse change in Executive’s duties or responsibilities in comparison to the duties or responsibilities which Executive had prior to the Change of Control; and 

 

	 	3)	The amount, time and form of any payment on account of the constructive termination must be substantially identical to that which would be paid due to an actual involuntary termination, to the extent such a right
exists; and 

  

	 	4)	The Executive is required to notify the Company that one of the constructive termination triggers described above exists within a period not to exceed 90 days of the time Executive becomes aware the trigger first
existed and the Company has 30 days from such notice to cure any Constructive Termination. 

  

	 	e)	“Separation Incentive Payment” shall equal two times Executive’s Target Incentive Level in the Company’s annual, Corporate Incentive Plan (CIP) immediately prior to termination. 

 

	 	f)	“Target Incentive Level” shall be the greater of: (i) Executive’s annual Base Pay multiplied by Executive’s participation rate under the Company’s Corporate Incentive Plan for the year of
termination, or (ii) the payment Executive would have received under such Plan for the year of termination based on projected corporate performance for such year as determined by the Committee in its sole discretion at the time of termination.

  

	 	g)	“Unsatisfactory Performance” shall exist if, prior to a Change in Control, Executive continuously fails to substantially satisfy performance expectations as an Executive of the Company, unless within three
months after notice has been provided to Executive by the Company, Executive cures such continued failure to perform. 

  

	11.	 Unpaid Compensation. Regardless of the reason for Executive’s termination of employment, in addition to any benefits that may be payable
to Executive hereunder, Executive will be entitled to: (a) base salary earned but unpaid through Executive’s last date of employment; (b) incentive 

  
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pay as yet unpaid from the prior years and the year of termination, prorated for the period of Executive’s actual employment prior to termination, consistent with applicable plan documents;
(c) benefits to which Executive is independently entitled under the terms of the Company’s salaried employee benefit plans and (d) vesting of outstanding equity grants (if any) consistent with the applicable Stock Plan and any grant
agreements executed by Executive. The amounts payable pursuant to clauses (a) and (b) of this paragraph 11 shall be paid within thirty (30) days of Executive’s termination of employment. 

 

	12.	Outplacement Assistance. The Company will arrange outplacement assistance for Executive in cases of terminations described in paragraphs 1 or 2 of this Agreement. Such assistance shall continue for up to one year
following Executive’s termination or until such time as suitable employment is attained, whichever is sooner. Outplacement costs incurred in this connection will be borne by the Company, but will not include costs of travel to/from the
outplacement firm or in connection with job interviews, etc. In no event will the Company pay Executive cash in lieu of outplacement assistance. 

  

	13.	Confidentiality. Consistent with Executive’s preexisting legal and contractual obligations and in exchange for the consideration provided by the Company in this Agreement and for Executive’s continued
employment and exposure to confidential information at the Company, Executive agrees to hold in strict confidence and not to use or disclose to any other person any confidential or proprietary information of the Company, including, without
limitation, trade secrets, formulas for Company products, production techniques or processes or methods and apparatus for producing any products of the Company, or other non-public information relating to the business, research and development,
employees and/or customers of the Company and its subsidiaries and affiliates, except to the extent required by law, or with the written consent of the Company. Executive will, immediately on termination, deliver to the Company all files containing
data, correspondence, books, notes, and other written, graphic or computer records and return any samples or other materials under Executive’s control relating to the Company or its subsidiaries or affiliates, regardless of the media in which
they are embodied or contained and delete any such information under Executive’s control. 

  

	14.	Agreement Not To Compete. In exchange for the consideration provided by the Company in this Agreement as well as Executive’s continued employment and exposure to confidential information at the Company,
Executive agrees not to, directly or indirectly, for a period of two years following Executive’s termination of employment, engage or participate in any business that is involved in research or development activities or in the manufacturing or
sale of any product or service which competes with any of the Company’s products or services, except with the written consent of the Company. In accordance with paragraphs 1, 2 and 4 of this Agreement, upon resignation or termination, Executive
agrees to execute a separate Release and Non-Competition Agreement in a form acceptable to the Company to memorialize this agreement and understands that the failure to do so will not alter the survival of Executive’s non-compete obligation but
will render Executive ineligible for any severance pay or other benefits, whether set forth in this Agreement or otherwise. 

  

	15.	Agreement Not To Solicit Employees. In exchange for the consideration provided by the Company in this Agreement as well as Executive’s continued employment and exposure to confidential information and
employees of the Company, Executive shall not directly or indirectly solicit, induce, recruit, hire, or encourage any of the Company’s employees to leave their employment for a period of two years following Executive’s termination or
resignation from employment. 

  
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	16.	Agreement Not To Solicit Customers, Business or Suppliers. In exchange for the consideration provided by the Company in this Agreement as well as Executive’s continued employment and exposure to confidential
information, for a period of two years following Executive’s termination or resignation from employment Executive shall not directly or indirectly solicit, divert or take away, or attempt to solicit, divert or take away, any customers, business
or suppliers of the Company upon whom Executive called, serviced, or solicited, or with whom Executive became acquainted as a result of Executive’s employment with the Company. 

 

	17.	No Disparagement. Executive shall not, at any time during or within two years following Executive’s termination or resignation from employment: (i) make any public disclosures or publish any articles or
books about Company, its business or any Company officer or employee, or grant an interview to any representative of the public media, without the prior written consent of the General Counsel, or (ii) publish any statement or make any
disclosure about the Company, its business or any Company officer or employee that is disparaging, derogatory or otherwise casts a bad light on Company, its business or any Company officer or employee. The Company will likewise refrain from
disparaging Executive. 

  

	18.	Employment Relationship. This Agreement reflects the circumstances under which Executive may become entitled to certain severance pay and benefits, and does not alter the employment relationship. Executive may
elect to terminate the employment relationship with the Company, with or without cause or notice, and the Company may do the same. 

  

	19.	Mutual Release and Indemnity. In the event of Executive’s termination under circumstances described in paragraphs 1 or 2 of this Agreement, the Company agrees to release and discharge Executive from any
claim it may then or thereafter have against Executive with respect to employment with the Company (other than with regard to Executive’s obligations under this Agreement), and agrees to indemnify Executive in accordance with its then current
policies or practices for active employees for any claims made against Executive by third parties arising out of the proper performance of Executive’s duties as an employee of the Company. In exchange for the consideration provided by the
Company in this Agreement, together with the Company’s release and indemnity, Executive agrees to release and discharge the Company, and its subsidiaries, affiliates, officers, directors, employees and agents (the “Released Persons”)
from any claim that Executive may then or thereafter have against the Company or such Released Persons (excluding any claim for the compensation, benefits and privileges described herein) arising out of or in connection with Executive’s
employment or termination of employment by the Company or any of its subsidiaries or affiliates. Executive agrees to execute a separate Release and Non-Competition Agreement in a form acceptable to the Company to memorialize this agreement and
understands that the failure to do so will render Executive ineligible for any severance pay or benefits, whether set forth in this Agreement or otherwise. Executive will be given twenty-one (21) days to execute the separate Release and
Non-Competition Agreement, and a seven (7) day revocation period. In the event the combined consideration and revocation periods extend beyond the end of a calendar year, payments to executive will not commence until the following year,
regardless of how quickly Executive might execute and return said Release and Non-Competition Agreement. 

  

	20.	Adequacy. Executive acknowledges and agrees that the restrictions contained in this Agreement are necessary to protect the legitimate interests of the Company, and impose no undue hardship on Executive and
Executive further acknowledges and agrees the compensation provided hereunder as being adequate. Executive acknowledges and agrees that a breach or threatened breach of any of the provisions of this Agreement will result in irreparable injury to the
Company and that remedies at law are inadequate, and the Company may seek the issuance of a restraining order, preliminary restraining order or injunction which arises or results from, or relates to, directly or indirectly, any violation of this
Agreement. Additionally, the Company may proceed at law to obtain such other relief as may be available. 

  
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	21.	Severability. Whenever possible each provision and term of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or term of this Agreement
shall be held to be prohibited by or invalid under such applicable law, then such provision or term shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder
of such provision or term, or the remaining provisions or terms of this Agreement. The parties recognize it is also to their mutual benefit to make certain conforming legal changes, such as those required by Section 409(a) of the Internal
Revenue Code, in accordance with paragraph 22 of this Agreement. 

  

	22.	Modification and Waiver of Breach. No waiver or modification of this Agreement shall be binding unless it is in writing, signed by the parties hereto. No waiver of a breach hereof shall be deemed to constitute a
waiver of a further breach, whether of a similar or dissimilar nature. 

  

	23.	Assignment. This Agreement shall be binding upon and inure to the benefit of any successors of the Company. As used herein, “successors” shall include any person, firm, corporation or other business
entity which at any time, whether by merger, purchase or otherwise, acquires all or substantially all of the assets or business of the Company. Executive’s agrees that Company may assign or transfer its rights hereunder pursuant to a merger or
consolidation in which the Company is not the continuing entity, or a sale, liquidation or other disposition of all or substantially all of the assets of the Company, provided that the assignee or transferee is the successor to all or substantially
all of the assets of the Company and assumes the liabilities, obligations and duties of the Company under this Agreement, either contractually or as a matter of law. No rights or obligations of the Executive under this Agreement may be assigned or
transferred by the Executive, without the Company’s prior written consent, other than Executive’s rights to compensation and benefits, which may be transferred only by will or operation of law; provided, however that the Executive shall be
entitled, to the extent permitted under applicable law or relevant plans, to select and change a beneficiary or beneficiaries to receive any compensation or benefit hereunder following Executive’s death by giving the Company written notice
thereof. In the event of the Executive’s death or a judicial determination of Executive’s incompetence, references in this Agreement to the Executive shall be deemed, where appropriate, to refer to Executive’s beneficiary or
beneficiaries, estate or other legal representative. 

  

	24.	Notice. Any written notice to be given hereunder to Executive may be delivered to Executive personally or shall be deemed to have been given upon deposit thereof in the U.S. mail, certified mail, postage prepaid,
addressed to Executive at the address as it shall appear on the records of the Company. 

  

	25.	Construction of Agreement. This Agreement is made and entered into in the State of Ohio and shall be construed under the laws of Ohio. 

 

	26.	 Section 409A. This Agreement is intended to comply with the requirements of Section 409A, and shall be interpreted and construed
consistently with such intent. Each payment hereunder shall be considered a separate payment, and payments to Executive under this agreement are made pursuant to a “Separation from Service” as defined under Section 409A. The payments
to Executive pursuant to this Agreement are intended to be exempt from Section 409A of the Code to the maximum extent possible, under either the separation pay exemption pursuant to Treasury Regulation §1.409A-1(b)(9)(iii) or as short-term
deferrals pursuant to Treasury Regulation §1.409A-1(b)(4). In the event the terms of this Agreement would subject Executive to taxes or penalties under Section 409A of the Code (“409A Penalties”), the Company and Executive shall

  
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cooperate diligently to amend the terms of the Agreement to avoid such 409A Penalties, to the extent possible; provided that in no event shall the Company be responsible for any 409A Penalties
that arise in connection with any amounts payable under this Agreement. 

  

	27.	Entire Agreement. This Agreement, consisting of 27 numbered paragraphs and seven pages, constitutes the entire understanding between the parties with respect to Executive’s severance pay, benefits and
privileges in the event of a termination of Executive’s employment with the Company, superseding all negotiations, prior discussions and agreements, written or oral, concerning said severance arrangements. This Agreement may not be amended
except in writing by the parties hereto. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year first above written. 
  

	
	OWENS CORNING,
	
	/s/ Michael H. Thaman
	Michael H. Thaman
	Chairman of the Board and
	Chief Executive Officer
	
	Agreed to and accepted:
	
	  

	«FirstName» «MI» «LastName»
	
	Date:                     

  
 7EX-10.22

 Exhibit 10.22 

OWENS CORNING  

DEFERRED COMPENSATION PLAN 

(As amended and restated, effective January 1, 2014) 

SECTION 1 
 General

 1.1 Purpose. The Owens Corning Deferred Compensation Plan (the “Plan”) has been established by Owens Corning (the
“Company”) to provide non-employee directors and certain management employees with an opportunity to save in a tax effective manner and thereby aiding in competitively attracting and retaining such non-employee directors and management
employees of exceptional ability. 
 1.2 Effective Date. The “Effective Date” of the Plan was January 1, 2007, and is
amended and restated, as set forth herein, effective January 1, 2014. 
 1.3 Operation and Administration. The authority to
control and manage the operation and administration of the Plan shall be vested in the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board of Directors”). In controlling and managing the
operation and administration of the Plan, the Committee shall have the rights, powers and duties, and may delegate such powers and duties, as set forth in Section 8. Capitalized terms in the Plan shall be defined as set forth in the Plan. 

1.4 Plan Administrator. The “Plan Administrator” shall be the Committee and/or the persons/individuals to whom administrative
duties have been delegated by the Committee. 
 1.5 Plan Year. The term “Plan Year” means the calendar year. 

1.6 Applicable Law. The Plan shall be construed and administered in accordance with the laws of the State of Ohio to the extent that
such laws are not preempted by the laws of the United States of America. 
 1.7 Number. Where the context admits, words in the
singular shall include the plural and the plural shall include the singular. 
 1.8 Notices. Any notice or document required to be
filed with the Plan Administrator or the Committee under the Plan will be properly filed if delivered or mailed to the Plan Administrator, in care of the Company, at its principal executive offices. The Plan Administrator may, by advance written
notice to affected persons, revise such notice procedure from time to time. Any notice required under the Plan may be waived by the person entitled to notice. 

1.9 Form and Time of Elections. Unless otherwise specified herein, each election required or permitted to be made by any Participant or
other person entitled to benefits under the Plan, and any permitted modification or revocation thereof, shall be in writing filed with the Plan Administrator at such times, in such form, and subject to such restrictions and limitations as the Plan
Administrator shall require. Any elections made online in an electronic format or through an online electronic system established by the Plan Administrator shall be considered to have been made in writing for all purposes under the Plan. 

 1.10 Evidence. Evidence required of anyone under the Plan may be by certificate,
affidavit, document or other information which the person acting on it considers pertinent and reliable, and signed, made or presented by the proper party or parties. 

1.11 Adjustments. In the event of any increase or decrease in the number of issued shares of common stock of the Company resulting from
a subdivision or consolidation of shares or other capital adjustment, or the payment of a stock dividend or other increase or decrease in shares, effected without receipt of consideration by the Company, or other change in corporate or capital
structure, the number of shares or representative share equivalents in Participants’ Accounts shall be appropriately adjusted by the Committee; provided, however, that any fractional shares resulting from any such adjustment shall be
eliminated. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive. 
 1.12 Intentions.
The Plan is intended (a) to comply with section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and official guidance issued thereunder, and (b) to be “a plan which 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 sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”). Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated and administered in a manner consistent with these intentions. 

SECTION 2 

Participation 
 2.1
Participant. Subject to the terms of the Plan, a director of the Company who is not an employee of the Company or any of its subsidiaries (a “Non-Employee Director”) and such management level employees as shall be selected by the
Committee (each, a “Management Employee”) shall be eligible to make deferrals under the Plan. 
 2.2 Deferral Election. A
Non-Employee Director or Management Employee shall become a “Participant” in the Plan by electing to defer payment of all or a portion of his or her Eligible Compensation, as defined below, pursuant to the terms of a “Deferral
Election.” Except as provided below, a Participant’s Deferral Election with respect to Eligible Compensation for services to be performed in a Plan Year shall be filed before the end of the preceding Plan Year; provided, however, that the
initial Deferral Election of a new Participant may be filed within 30 days after the date on which such individual first became eligible to become a Participant, to the extent permitted under Code section 409A, and shall be applicable only to
Eligible Compensation for services to be performed by the Participant after the Deferral Election is filed. To the extent that a Participant is eligible to defer Eligible Compensation that qualifies as “performance-based compensation”
under Code section 409A, as determined by the Plan Administrator, Deferral Elections with respect to such performance-based compensation must be filed at least six months prior to the end of the incentive performance period for such compensation, to
the extent permitted under Code section 409A. Notwithstanding the preceding sentence, the Plan Administrator may require that, for such performance-based compensation, Deferral Elections must be made during the open enrollment period occurring in
the Plan Year prior to the Plan Year in which the performance period ends. 

  
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 2.3 Eligible Compensation. For purposes of the Plan, “Eligible Compensation” for
a Plan Year means: 
 (a) for a Non-Employee Director, the Non-Employee Director’s cash compensation including the cash portion of the
annual retainer, the chair retainer and the meeting fees for services performed in such Plan Year; and 
 (b) for a Management Employee, up
to 100% of the Management Employee’s base salary and/or up to 100% of cash incentive compensation for the Plan Year including such payments payable under the Owens Corning Corporate Incentive Plan, the Owens Corning Sales Incentive Plan and the
Owens Corning Long-Term Incentive Plan. Notwithstanding the foregoing, the Plan Administrator may limit the total percentage of base salary which may be deferred to less than 100% for purposes of payroll and administrative feasibility. 

SECTION 3 
 Employer
Contributions 
 3.1 Restoration of Employer Matching Contributions. Effective for Plan Years beginning on or after
January 1, 2014, within 60 days after the end of each Plan Year, the Company shall credit to the Matching Restoration Account (as defined below) of each Participant who is a Management Employee as of the last day of such Plan Year an amount (a
“Matching Restoration Contribution”) equal to the excess of: 
 (i) 100% of the sum of (a) the base
salary and annual incentive compensation deferred by the Participant and credited to the Participant’s Deferral Account for such Plan Year pursuant to Section 2 of this Plan plus (b) the elective deferrals, other than catch-up
contributions, credited to the Participant’s account for such Plan Year under the Owens Corning Savings Plan (the “Savings Plan”), in each case disregarding elective deferrals in excess of 6% of such Participant’s compensation,
as defined in the Savings Plan but without regard to the limit imposed under Code section 401(a)(17), over 
 (ii)
the matching contributions allocated to the Participant’s account for such Plan Year under the Savings Plan; 
 provided, however, that the amounts
credited to the Participant’s Matching Restoration Account for any Plan Year pursuant to this Section 3.1 shall not exceed the total employer matching contributions that would be provided under the Savings Plan absent any plan-based
restrictions that reflect limits on qualified plan contributions under the Code. 

  
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 3.2 Restoration of Profit Sharing Contributions. Effective for Plan Years beginning on or
after January 1, 2014, within 60 days after the end of each Plan Year, the Company shall credit to the Profit Sharing Restoration Account (as defined below) of each Participant who is a Management Employee as of the last day of such Plan Year
an amount (a “Profit Sharing Restoration Contribution”) equal to the excess of: 
 (i) 2% of the
Participant’s compensation for such Plan Year, as defined in the Savings Plan but without regard to the limit imposed under Code section 401(a)(17), over 

(ii) the profit sharing contribution allocated to such Participant’s account for such Plan Year under the Savings Plan.

 3.3 Make-Up Contributions. Effective for Plan Years beginning on or after January 1, 2014, within 60 days after the end of
each Plan Year, the Company shall credit to the Make-Up Account (as defined below) of each Participant who is a Management Employee as of the last day of such Plan Year an amount (a “Make-Up Contribution”) equal to 6% of the amount of the
base salary and annual incentive compensation credited to the Participant’s Deferral Account for such Plan Year under Section 2 of this Plan. Such Make-Up Contribution is intended to make the Participant whole for the reduction in the
Participant’s compensation under the terms of the Savings Plan due to the elective deferrals elected by the Participant under Section 2 of this Plan. 

SECTION 4 
 Plan
Accounting 
 4.1 Deferred Compensation Accounts. Accounts shall be established on behalf of each Participant, which shall
consist of the following subaccounts (collectively, the “Accounts”): 
 (a) A Deferral Account shall be maintained on behalf of
each Participant for each Plan Year (referred to herein as a “class year”) for which the Participant makes a Deferral Election, which shall be credited with the amount which would have been paid to the Participant as Eligible Compensation
for such class year if it had not been deferred during such class year. Such crediting shall occur as of the date on which the Eligible Compensation would have been paid to the Participant if it had not been deferred. A Participant shall at all
times be 100% vested in any amounts credited to his or her Deferral Account for each such class year. 
 (b) A Matching Restoration Account
shall be maintained on behalf of each Participant for each class year in which a Matching Restoration Contribution is credited to such Participant’s Account pursuant to Section 3.1. Such crediting shall occur within 60 days after the last
day of the Plan Year to which the Matching Contribution applies. Subject to Section 5.10, a Participant shall at all times be 100% vested in any amounts credited to his or her Matching Restoration Account for each such class year. 

(c) A Profit Sharing Restoration Account shall be maintained on behalf of each Participant for each class year in which a Profit Sharing
Restoration Contribution is credited to such Participant’s Account pursuant to Section 3.2. Such crediting shall occur within 60 days after the last day of the Plan Year to which the Profit Sharing Restoration Contribution applies. Subject
to Section 5.10, a Participant shall at all times be 100% vested in any amounts credited to his or her Profit Sharing Restoration Account for each such class year. 

(d) A Make-Up Account shall be maintained on behalf of each Participant for each class year in which a Make-Up Contribution is credited to
such Participant’s Account pursuant to Section 3.3. Such crediting shall occur within 60 days after the last day of the Plan Year to which the Make-Up Contribution applies. Subject to Section 5.10, a Participant shall at all times be
100% vested in any amounts credited to his or her Make-Up Account for each such class year. 

  
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 4.2 Adjustment of Accounts. The Accounts of a Participant shall be adjusted from time to
time in accordance with procedures established by the Committee to reflect the increase or decrease in value from the investment funds to which the Participant’s Accounts are allocated. Each such account may be allocated to one or more
investment funds. Investment funds may include a fund indexed to the value of Owens Corning common stock and any such other investment options that the Committee specifies from time to time. To the extent and in the manner permitted by the
Committee, the Participant may elect to have different portions of his or her Account balances adjusted for any period on the basis of different investment elections made with respect to the Account for each class year. Notwithstanding the election
by Participants of certain investments as described herein and the adjustment of their Accounts based on such investment decisions in accordance with uniform rules established by the Committee, the Plan does not require, and no trust or other
instrument maintained in connection with the Plan shall require, that any assets or amounts which are set aside in trust or otherwise for the purpose of paying Plan benefits shall actually be invested in the investment alternatives selected by
Participants. Such investment options may, at the discretion of the Committee be representative or hypothetical for purposes of the Plan. If no investment election has been made by the Participant, a Participant’s Accounts shall be credited to
a default investment fund as established from time to time by the Committee. 
 4.3 Statement of Accounts. As soon as practicable
after the end of each Plan Year, and at such other times as determined by the Committee, the Company shall provide each Participant with a statement of the transactions in the Participant’s Accounts during that Plan Year and the
Participant’s Account balance as of the end of the Plan Year. Alternatively, Account statements, transaction information and Account balance information shall be made available and accessible to Participants online through an electronic system
established by the Plan Administrator. 
 SECTION 5 

Distributions 
 5.1
General. Subject to this Section 5 and Section 6 (relating to distributions upon a change in control), the balance of each of a Participant’s Accounts shall be distributed upon the Participant’s “separation from
service” (as defined under Code section 409A) with the Company if they are an employee or as a member of the Board of Directors if they are a Non-Employee Director, or upon the commencement date as elected by the Participant in the
Participant’s “distribution election” (as defined below) with respect to such Account. All such distributions shall commence and be made in compliance with Code section 409A and applicable regulations thereunder. Distribution shall be
made in either (i) a single lump sum, (ii) in annual installments over 5 or 10 years or (iii) effective for amounts deferred in Plan Years beginning on or after January 1, 2014, in annual installments of a specified dollar amount
(until the remaining balance of the amount subject to such election is less than such specified amount, following which the final installment shall be equal to such remaining balance), as elected by the Participant in the Participant’s
Distribution Election. Notwithstanding anything in this Plan or any Agreement to the contrary, distributions made on account of the death of the Participant shall be in the form of a lump sum. If no election is made with respect to an Account the
default form of distribution shall be a single lump sum payment. 

  
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 Notwithstanding the foregoing, distributions may not be made upon the separation from service of
a Participant who is a “specified employee” (as defined in Code section 409A) before the date which is six months after the date of such Participant’s separation from service (or, if earlier, the date of death of the Participant). Any
payments that would otherwise be made during this period of delay shall be accumulated and paid on the first day of the seventh month following the Participant’s separation from service (or, if earlier, the first day of the month after the
Participant’s death). 
 5.2 Distribution Election. A Participant’s Deferral Election shall specify the number or dollar
amount of payments in which the Participant’s Account with respect to the class year to which the Deferral Election relates shall be distributed and shall specify the commencement date for distribution of the deferred amounts (a
“Distribution Election”). A Participant’s Distribution Election may independently specify either or both of the following: (i) a specific distribution commencement date, and/or (ii) distribution commencing upon the
Participant’s separation from service or a specified anniversary of the Participant’s separation from service; provided that a Participant may elect to receive a distribution of his or her Matching Restoration Account, Profit Sharing
Restoration Account and Make-Up Account only upon the Participant’s separation from service or a specified anniversary of such separation from service. Where a Participant has selected both a specific distribution date and distribution upon
separation from service or an anniversary of such separation from service, the distribution shall commence upon the first such date to occur. A Participant’s Distribution Election may only be changed, subject to the following: 

(a) Any such change in a Participant’s Distribution Election will not take effect until at least 12 months after the change is made; 

(b) Payments under the changed Distribution Election may not begin until at least 5 years after the date when payments would otherwise have
begun; and 
 (c) Any such change in a Participant’s Distribution Election must be made at least 12 months before the date distribution
was scheduled to commence; and 
 (d) There shall be no more than two changes allowed to the Distribution Election applicable to any given
class year. 
 (e) Participants shall be permitted to elect to change their Distribution Election as set forth above to further delay the
deferred distribution date as specified in their Distribution Election. To be effective, an election to further delay the deferred distribution date must otherwise meet the requirements of this Section 5.2(a)-(d). 

5.3 Cash-out of Small Accounts. Notwithstanding the date or form of payment elected by a Participant and to the extent permitted by
Code section 409A without penalty or interest, if the vested balance of a Participant’s entire Account is less than or equal to the then-applicable limit under Code section 402(g) ($17,500 for 2013) as of the last day of any Plan Year ending
upon or following such Participant’s separation from service, such Account shall be paid to such Participant in a lump sum within 60 days after such date. 

5.4 Medium of Payment. All distributions from Participants’ Accounts shall be distributed by the Company in cash only. 

  
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 5.5 Beneficiary. Subject to the terms of the Plan, any benefits payable to a Participant
under the Plan that have not been paid at the time of the Participant’s death shall be paid at the time and in the form of a lump sum payment, determined in accordance with the foregoing provisions of the Plan, to the beneficiary designated by
the Participant in writing filed with the Plan Administrator in such form and at such time as the Plan Administrator shall require. A beneficiary designation form will be effective only when the signed form is filed with the Plan Administrator while
the Participant is alive and will cancel all beneficiary designation forms filed earlier. If a deceased Participant failed to designate a beneficiary, or if the designated beneficiary of a deceased Participant dies before the Participant or before
complete payment of the Participant’s benefits, the remaining unpaid amounts shall be paid, in a lump sum, to the legal representative or representatives of the estate of the last to die of the Participant and the Participant’s designated
beneficiary. 
 5.6 Distributions to Disabled Persons. Notwithstanding the provisions of this Section 5, if, in the Plan
Administrator’s opinion, a Participant or beneficiary is under a legal disability or is in any way incapacitated so as to be unable to manage such individual’s financial affairs, the Plan Administrator may direct that payment be made to a
relative or friend of such individual for such individual’s benefit until claim is made by a conservator or other person legally charged with the care of such individual’s person or estate, and such payment shall be in lieu of any such
payment to such Participant or beneficiary. Thereafter, any benefit under the Plan to which such Participant or beneficiary is entitled shall be paid to such conservator or other person legally charged with the care of such individual’s person
or estate. 
 5.7 Benefits May Not be Assigned. Neither the Participant nor any other person shall have any voluntary or involuntary
right to commute, sell, assign, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt of the amounts, if any, payable hereunder, or any part hereof, which are expressly declared to be
unassignable and non-transferable. No part of the amounts payable shall be, prior to actual payment, subject to seizure or sequestration for payment of any debts, judgments, alimony or separate maintenance owed by the Participant or any other
person, or be transferred by operation of law in the event of the Participant’s or any other person’s bankruptcy or insolvency. 

5.8 Effect of Taxation. If a portion of a Participant’s Account balances is includible in income as a result of the Plan’s
failure to meet the requirements of Code section 409A, such portion shall be distributed immediately to the Participant. 
 5.9 Permitted
Delays. Notwithstanding the foregoing, any payment to a Participant under the Plan shall be delayed to the extent that the Committee reasonably anticipates the occurrence of one or more of the following events: 

(a) The Company’s deduction with respect to such payment otherwise would be limited or eliminated by application of Code section 162(m);
or 
 (b) The making of the payment would violate Federal securities laws or other applicable law; 

provided, that any payment subject to this subsection 5.9 shall be paid in accordance with Code section 409A. 

  
 7 

 5.10 Breach of Covenants. If a Participant breaches any non-competition,
non-disclosure, non-solicitation or similar obligation with the Company or is terminated by the Company for Cause, then all amounts contributed by the Company under this Plan (other than amounts deferred at the election of the Participant pursuant
to Section 2.2), including Matching Restoration Contributions, Profit Sharing Restoration Contributions and Make-Up Contributions, and any earnings with respect to such contributions, shall be forfeited by the Participant. For purposes of this
Plan, “Cause” shall have the meaning set forth in any employment agreement between the Company and the Participant or, if such term is not defined in any such employment agreement, “Cause” shall mean the Participant’s
(i) conviction of any felony or failure to contest prosecution of a felony, (ii) willful misconduct or dishonesty that is harmful to the Company’s business or reputation or (iii) serious violation of the Company’s Business
Code of Conduct. 
 SECTION 6 

Change in Control 
 6.1 In
the event of a “change in control” (as defined in subsection 6.2 below), the balance of each of a Participant’s Accounts shall be distributed in an immediate lump sum payment upon the “payment date” (as defined below);
provided that such change in control also qualifies as a “change in control event” as described in IRS regulations under Code section 409A. Such distribution shall be made to the Participant regardless of any elections providing for later
distribution that may otherwise be applicable under the Plan. The “payment date” upon a change in control will be within 30 days following the change in control. 

6.2 A “change in control” shall have the same meaning as set forth in the Owens Corning 2013 Stock Plan. In all cases, a change in
control under this section of the Plan shall be interpreted and administered in compliance with the terms and provisions of Code section 409A and regulations thereunder. 

SECTION 7 
 Source of
Benefit Payments 
 Neither a Participant nor any other person shall, by reason of the Plan, acquire any right in or title to any
assets, funds or property of the Company whatsoever, including, without limitation, any specific funds, assets, or other property which the Company, in its sole discretion, may set aside in anticipation of a liability under the Plan. A Participant
shall have only a contractual right to the amounts, if any, payable under the Plan, unsecured by any assets of the Company. Nothing contained in the Plan shall constitute a guarantee by the Company that the assets of the Company shall be sufficient
to pay any benefits to any person. 

  
 8 

 SECTION 8 

Committee 
 8.1 Powers
of Committee. Responsibility for the day-to-day administration of the Plan shall be vested in the “Plan Administrator,” which shall be the Committee. The authority to control and manage all other aspects of the operation and
administration of the Plan shall also be vested in the Committee. The Committee is authorized to interpret the Plan, to establish, amend, and rescind any rules and regulations relating to the Plan, to determine the terms and provisions of any
agreements made pursuant to the Plan, and to make all other determinations that may be necessary or advisable for the administration of the Plan. Except as otherwise specifically provided by the Plan, any determinations to be made by the Committee
under the Plan shall be decided by the Committee in its sole discretion. Any interpretation of the Plan by the Committee and any decision made by it under the Plan is final and binding on all persons. 

8.2 Delegation by Committee. The Committee may allocate all or any portion of its responsibilities and powers to any one or more of its
members and may delegate all or any part of its responsibilities and powers to any person or persons selected by it. Any such allocation or delegation may be revoked by the Committee at any time. 

8.3 Information to be Furnished to Committee. The Company shall furnish the Committee with such data and information as may be required
for it to discharge its duties. The records of the Company as to a Participant’s membership on the Board shall be conclusive on all persons unless determined to be incorrect. Participants and other persons entitled to benefits under the Plan
must furnish the Committee such evidence, data or information as the Committee considers desirable to carry out the Plan. 
 8.4
Liability and Indemnification of Committee. No member or authorized delegate of the Committee shall be liable to any person for any action taken or omitted in connection with the administration of the Plan unless attributable to such
individual’s own fraud or willful misconduct; nor shall the Company be liable to any person for any such action unless attributable to fraud or willful misconduct on the part of a director or employee of the Company. The Committee, the
individual members thereof, and persons acting as the authorized delegates of the Committee under the Plan, shall be indemnified by the Company against any and all liabilities, losses, costs and expenses (including legal fees and expenses) of
whatsoever kind and nature which may be imposed on, incurred by or asserted against the Committee or its members or authorized delegates by reason of the performance of a Committee function if the Committee or its members or authorized delegates did
not act dishonestly or in willful violation of the law or regulation under which such liability, loss, cost or expense arises. This indemnification shall not duplicate but may supplement any coverage available under any applicable insurance. 

SECTION 9 
 Claims for
Benefits. 
 9.1 Filing a Claim. A Participant or his or her authorized representative may file a claim for benefits under the
Plan. Any claim must be in writing and submitted to the Committee at such address as may be specified from time to time. Claimants will be notified in writing of approved claims, which will be processed as claimed. A claim is considered approved
only if its approval is communicated in writing to a claimant. 

  
 9 

 9.2 Denial of Claim. In the case of the denial of a claim respecting benefits paid or
payable with respect to a Participant, a written notice will be furnished to the claimant within 90 days of the date on which the claim is received by the Committee. If special circumstances (such as for a hearing) require a longer period, the
claimant will be notified in writing, prior to the expiration of the 90-day period, of the reasons for an extension of time; provided, however, that no extensions will be permitted beyond 90 days after the expiration of the initial 90-day period.

 9.3 Reasons for Denial. A denial or partial denial of a claim will be dated and signed by the Committee and will clearly set
forth: 
 (a) the specific reason or reasons for the denial; 

(b) specific reference to pertinent Plan provisions on which the denial is based; 

(c) 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; and 
 (d) an explanation of the procedure for review of the denied or partially denied claim set
forth below, including the claimant’s right to bring a civil action under Section 502(a) of ERISA following an adverse benefit determination on review. 

9.4 Review of Denial. Upon denial of a claim, in whole or in part, a claimant or his or her duly authorized representative will have
the right to submit a written request to the Committee for a full and fair review of the denied claim by filing a written notice of appeal with the Committee within 60 days of the receipt by the claimant of written notice of the denial of the claim.
A claimant or the claimant’s authorized representative will have, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits and may
submit issues and comments in writing. The review will 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. 
 If the claimant fails to file a request for review within 60 days of the denial notification, the
claim will be deemed abandoned and the claimant precluded from reasserting it. If the claimant does file a request for review, his or her request must include a description of the issues and evidence he or she deems relevant. Failure to raise issues
or present evidence on review will preclude those issues or evidence from being presented in any subsequent proceeding or judicial review of the claim. 

9.5 Decision Upon Review. The Committee will provide a prompt written decision on review. If the claim is denied on review, the
decision shall set forth: 
 (a) the specific reason or reasons for the adverse determination; 

(b) specific reference to pertinent Plan provisions on which the adverse determination is based; 

  
 10 

 (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 to the claimant’s claim for benefits; and 

(d) a statement describing any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain the information about
such procedures, as well as a statement of the claimant’s right to bring an action under Section 502(a) of ERISA. 
 A decision
will be rendered no more than 60 days after the Committee’s receipt of the request for review, except that such period may be extended for an additional 60 days if the Committee determines that special circumstances (such as for a hearing)
require such extension. If an extension of time is required, written notice of the extension will be furnished to the claimant before the end of the initial 60-day period. 

9.6 Finality of Determinations; Exhaustion of Remedies. To the extent permitted by law, decisions reached under the claims procedures
set forth in this Section shall be final and binding on all parties. No legal action for benefits under the Plan shall be brought unless and until the claimant has exhausted his or her remedies under this Section. In any such legal action, the
claimant may only present evidence and theories which the claimant presented during the claims procedure. Any claims which the claimant does not in good faith pursue through the review stage of the procedure shall be treated as having been
irrevocably waived. Judicial review of a claimant’s denied claim shall be limited to a determination of whether the denial was an abuse of discretion based on the evidence and theories the claimant presented during the claims procedure. 

9.7 Limitations Period. Any suit or legal action initiated by a claimant under the Plan must be brought by the claimant no later than
one year following a final decision on the claim for benefits by the Committee. The one-year limitation on suits for benefits will apply in any forum where a claimant initiates such suit or legal action. 

SECTION 10 
 Amendment
and Termination 
 The Committee may, at any time, amend or terminate the Plan (including the rules for administration of the Plan),
subject to the following: 
 (a) Subject to the following provisions of this Section 10, no amendment or termination may materially
adversely affect the rights of any Participant or beneficiary under the Plan. 
 (b) The Committee may revoke the right to continue to defer
Eligible Compensation under the Plan; provided that no such revocation shall apply mid-year to the Eligible Compensation of any Participant in the Plan Year such revocation is adopted. To the extent that the revocation is adopted by the Committee
after the beginning of a Plan Year, the revocation shall apply commencing for the following Plan Year. 

  
 11 

 (c) Upon termination of the Plan, no further deferrals of Eligible Compensation shall be
permitted; however, earnings, gains and losses shall continue to be credited to Accounts in accordance with Section 4 until the Account balances are fully distributed. 

(d) The Plan may not be amended to delay the date on which benefits are otherwise payable under the Plan without the consent of each affected
Participant and subject to restrictions on such delays under Code section 409A as set forth in subsection 5.2 above. 
 (e) Upon termination
of the Plan, distribution of balances in Accounts shall be made to Participants and beneficiaries in the manner and at the time described in Section 5, unless the Committee determines in its sole discretion that all such amounts shall be
distributed upon termination in accordance with the requirements under Code section 409A. 
 (f) The Board of Directors may, from time to
time, substitute itself, or another committee of the Board, for the Committee under this Section 10. The Committee may delegate the authority to amend or restate the Plan as it deems necessary or appropriate. 

*    *    * 

By virtue and in exercise of the amending power reserved to the Company by Section 10 of the Plan and designated to the undersigned
officer of the Company by resolution of the Company’s Board of Directors, the Plan is hereby amended and restated in its entirety, effective January 1, 2014 (unless otherwise indicted), as reflected in this document entitled “Owens
Corning Deferred Compensation Plan (As amended and restated, effective January 1, 2014).” 
 The Company has caused the
aforementioned amendment and restatement to be executed on its behalf by the undersigned duly authorized officer this     day of             , 2013. 

 

			
	Owens Corning
		
	By	 	  

		 	Daniel T. Smith
		 	Senior Vice President – Human Resources

  
 12

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