Document:

Seperation Agreement Between PPG Industries & Robert J. Dellinger

 Exhibit 10.1 
 SEPARATION AGREEMENT 
 THIS SEPARATION AGREEMENT
(“Agreement”) is entered into by and between PPG Industries, Inc. (“PPG”) and Robert J. Dellinger (“Dellinger”) on the date set forth below. 
 WHEREAS, Dellinger has been employed by PPG as Senior Vice President, Finance and Chief Financial Officer in Pittsburgh, Pennsylvania; 

AND WHEREAS, Dellinger and PPG have discussed the terms and conditions under which Dellinger’s employment with PPG will end;

 NOW, THEREFORE, PPG and Dellinger, for good and sufficient consideration, and intending to be legally bound, agree as
follows: 
 1. Dellinger shall resign from his position as Senior Vice President, Finance and Chief Financial Officer effective
June 10, 2011. Thereafter, Dellinger shall provide any requested transition assistance to the new Chief Financial Officer until the end of Dellinger’s employment with PPG pursuant to his voluntary resignation, effective June 30, 2011
(the “Separation Date”). Dellinger may thereafter elect to continue medical and dental benefits for a period of 18 months under the law known as “COBRA” (The Consolidated Omnibus Benefits Reconciliation Act) at the applicable
COBRA premium. 
 2. PPG shall pay Dellinger a lump-sum cash separation payment in the amount of $800,000.00. PPG shall pay
Dellinger an additional amount of $250,000.00, which is in lieu of any bonus payment he might otherwise have been eligible to receive for 2011. These payments, less applicable withholdings, shall be made as soon as administratively
practicable, and in no event more than thirty (30) days, after the later of either (i) seven days from the day on which Dellinger signs this Agreement without revoking it, or (ii) the Separation Date. 

3. Dellinger’s entitlement to Awards issued to him in 2009 and 2010 under the PPG Industries, Inc. Omnibus Incentive Plan shall be
as follows: 
  

	 	a.	The Nonqualified Stock Option Awards shall vest upon the later of the Separation Date and the Effective Date of this Agreement, may be exercised at any time through the
original expiration date and shall otherwise remain subject to the terms of the agreements pursuant to which they were granted. 

  

	 	b.	Effective as of the later of the Separation Date or the Effective Date, Dellinger shall be entitled to the same Awards of Restricted Stock Units to which he would have
been entitled had his employment continued through the Vesting Dates of such Awards, as provided in the applicable award agreements and such Restricted Stock Units shall otherwise remain subject to the agreements pursuant to which they were granted.

  

	 	c.	Effective as of the later of the Separation Date and the Effective Date, Dellinger shall be entitled to TSR Awards, on a prorated basis in the manner set forth in
Section 1(E) of the applicable agreements, pursuant to which such TSR Awards were granted and shall otherwise remain subject to the terms and conditions of such agreements. 

 All awards issued to Dellinger in 2011under the PPG Industries, Inc. Omnibus Incentive Plan shall be forfeited in accordance with the terms of the agreements pursuant to which they were issued.

 4. Dellinger acknowledges and agrees that, other than the payments and benefits expressly being provided to him in this
Agreement, he has received all compensation and benefits to which he is entitled from PPG, is not entitled to any other payments or benefits from PPG, and will not receive any further payments or benefits from PPG after the Separation Date.

  
 1 

 5. Dellinger, for himself, his heirs, and anyone else who would have the right to sue on his
behalf or in his place (“successors and assigns”), fully and forever releases PPG, its affiliated companies, their respective shareholders, directors, officers, employees and employee benefit plans from all claims, causes of action or
obligations of every nature whatsoever, whether known or unknown, arising out of or relating to Dellinger’s employment with PPG, the end of his employment with PPG, or relating to any other act, event or failure to act that has occurred before
the date this Agreement is signed. Examples of the claims which Dellinger is giving up by signing this Agreement include, but are not limited to, claims for breach of express or implied contracts, claims of intentional wrongdoing, claims for
negligent or reckless wrongdoing, claims for violation of any federal, state or local law, including laws prohibiting employment discrimination, such as, for example, the federal Age Discrimination in Employment Act (which is referred to hereafter
as the “ADEA”). 
 By signing this Agreement, Dellinger does not release or give up his right to: (i) file a
charge of discrimination with the U.S. Equal Employment Opportunity Commission (“EEOC”) or similar state agency, (ii) provide assistance or participate in any investigation or hearing conducted by the EEOC or similar state agency,
(iii) file a lawsuit to challenge whether or not the release in this Paragraph 5 is a valid and effective as to claims of age discrimination under the ADEA, (iv) file a lawsuit to enforce this Agreement, or (v) assert claims that by
law cannot be released, such as workers’ compensation claims and claims for vested retirement benefits. If a charge of discrimination is filed with the EEOC, however, the release in this Paragraph 5 means that Dellinger will not be entitled to
receive any money or other individual remedy as a result of that charge. 
 6. Nothing in this Agreement shall be construed as
an admission by PPG of any liability to Dellinger. 
 7. Dellinger acknowledges and agrees that: 

a. he has entered into this Agreement voluntarily and that no person has made any promises to him to induce him to sign
this Agreement other than promises that are contained in this Agreement itself; 
 b. the Release and Waiver of
rights and claims as set forth in this Agreement are in exchange for valuable consideration which he would not otherwise be entitled to receive but for this Agreement; 

c. he has carefully read and fully understands the provisions of this Agreement, including the release and waiver of
claims; 
 d. he has had the opportunity to take at least twenty-one (21) days from June 6, 2011 to
decide whether he wants to sign this Agreement, and that no one has pressured him to sign the Agreement sooner. 

e. he has been advised in writing that he should consult with an attorney of his own choice prior to executing this
Agreement; and 
 f. he shall have seven (7) days after signing this Agreement to revoke
it by providing written notice of revocation to Craig Jordan, Vice President, Human Resources, PPG Industries, One PPG Place, Pittsburgh, PA 15272, and the Agreement will not be effective or enforceable until the 8th day after Dellinger signs it without revoking it (the
“Effective Date”). 

  
 2 

 g. his resignation was due to health-related personal reasons and was not
due to any disagreement with the Company. 
 8. The parties agree that this Agreement is the entire agreement between the
parties and represents their full and complete understanding regarding Dellinger’s employment with PPG and the end of his employment. This Agreement supersedes all prior or contemporaneous agreements, express or implied, between Dellinger and
PPG relating to the subject matter of this Agreement except for any agreements regarding the disclosure of confidential information and agreements expressly referenced herein. 
 9. The provisions of this Agreement are intended to and shall be interpreted and administered so as to not result in the imposition of additional tax or interest under Section 409A of the Internal
Revenue Code if applicable. 
 IN WITNESS WHEREOF, the parties have signed this Agreement on the date or dates set forth below.

  

							
				
	Date:	 	June 8, 2011	 		 	/s/ Robert J. Dellinger
		 		 		 	Robert J. Dellinger

  

									
		 		 	PPG Industries, Inc.
					
	Date:	 	June 8, 2011	 		 	By:	 	/s/ J. Craig Jordan
		 		 		 		 	J. Craig Jordan

  
 3Letter Agreement with David B. Navikas

 Exhibit 10.2 

 

			
	

	  	 PPG Industries
  

PPG Industries, Inc.
 One PPG
Place
 Pittsburgh, Pennsylvania 15272 USA
 Telephone (412) 434-2204
 Fax (412) 434-2438

craigjordan@ppg.com
  
 J. Craig Jordan
 Vice President, Human Resources

 June 8, 2011 
 Dear Dave: 
 I am pleased to confirm your assignment to the position of Senior Vice President,
Finance and Chief Financial Officer, effective June 10, 2011, reporting to Chuck Bunch. 
 Your monthly salary effective July 1, 2011
in this position will be $41,667. Your prorated target award effective July 1, 2011 under the Incentive Compensation Plan will be $450,000. In August, 2011 you also will receive 12,290 stock options, 2,663 RSUs and 2,663 TSRs. In addition,
subject to your continued employment through such date, you will receive stock options, RSUs and TSRs in February 2012 with an initial aggregate valuation of $1,000,000 at the time of the grant, calculated using established accounting methodology.
Upon recruitment of a new Chief Financial Officer, your assignment as Chief Financial Officer will end and you will continue as Senior Vice President until you retire from PPG effective February 28, 2013 or such later date as mutually agreed
upon. 
 You and PPG both reserve the right to end your employment relationship with the Company at any time for any lawful reason. 

Dave, we are looking forward to working with you in your new role. As you know, this position is of critical importance to the Company, and you are the
right person to provide leadership at this time. 
 If you agree with the terms referenced above, please indicate your acceptance by signing
where noted below. 
  

	
	Yours truly,
	
	/s/ J. Craig Jordan
	
	Accepted and agreed to:

  

					
	/s/ David Navikas	 		 	June 8, 2011
	David Navikas	 		 	DateForm of Nonqualified Stock Option Award Agreement

 Exhibit 10.4 
 NOTICE OF GRANT OF NONQUALIFIED STOCK OPTION AWARD 
 PPG INDUSTRIES, INC.

 OMNIBUS INCENTIVE PLAN 
 FOR GOOD AND VALUABLE CONSIDERATION, PPG Industries, Inc. (the “Company”) hereby grants, pursuant to the provisions of the Company’s Omnibus Incentive Plan, as amended from time to time
(the “Plan”), to the Optionee designated in this Notice of Grant of Nonqualified Stock Option Award (the “Notice”) an option (the “Option”) to purchase the number of shares of the Common Stock of the Company set forth
in the Notice (the “Shares”), subject to certain restrictions as outlined below in this Notice and the additional provisions set forth in the attached Terms and Conditions of Nonqualified Stock Option Award (collectively, the
“Agreement”). 
  

			
	Optionee:	  	[Full Name]
		
	Date of Grant:	  	[Date of Grant]
		
	Number of Shares Granted:	  	[Quantity Granted]
		
	Exercise Price Per Share:	  	$[Grant Price]
		
	Vesting Date:	  	[Vesting Date]
		
	Expiration Date:	  	[Expiration Date]
		
	Option Term:	  	The Option may be exercised during the period beginning on the Vesting Date (as set forth above) and ending inclusive on the Expiration Date (as set forth
above).
	
	 Vesting and Exercisability After Termination of Service:

 
 Termination of Service due to retirement under any Company retirement plan a year
or more after the Date of Grant: the Option will not immediately expire and may be exercised at any time through the Expiration Date;
  

Termination of Service a year or more after the Date of Grant due to disability, death (and including death following the Optionee’s retirement),
or job elimination: the Option will become fully vested and immediately exercisable and may be exercised at any time through the Expiration Date (in the event of the Optionee’s death, by the Optionee’s Beneficiary);

 
 Termination of Service a year or more after the Date of Grant for any reason
other than disability, death, job elimination, or retirement under any Company retirement plan: entire Option expires immediately;
  

Termination of Service for any reason prior to the first anniversary of the Date of Grant: entire Option expires immediately.

  

	
	PPG Industries, Inc.
	
	/s/ J. Craig Jordan
	By: J. Craig Jordan, Vice President, Human Resources

 TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTION AWARD 

The purpose of this Agreement is to evidence the grant by the Company to the Optionee of an Option pursuant to the PPG Industries, Inc.
Omnibus Incentive Plan, as amended from time to time (the “Plan”). For purposes of the Notice of Grant of Nonqualified Stock Option Award to which these Terms and Conditions are attached (the “Notice”) and these Terms and
Conditions (collectively, the “Agreement”), any reference to the Company shall include a reference to any Subsidiary. 

1. Incorporation by Reference. The capitalized terms used and not otherwise defined in the Notice and these Terms and Conditions
shall have the meanings set forth in the Plan, the text of which is set forth in the Prospectus dated August 1, 2011, concerning the Plan. The Plan is incorporated herein by reference. 

2. Grant. The Company hereby grants to the Optionee the right and option to purchase the number of shares of the Common Stock of
the Company set forth in the Notice, on the terms and conditions herein set forth or incorporated by reference. 
 3.
Exercise Price. Subject to adjustment as provided in Section 11.07 of the Plan, the Exercise Price of the shares subject to the Option is set forth in the Notice, which is the Fair Market Value of a share of Common Stock on the Date of
Grant. 
 4. Option Term. Subject to Section 8 of these Terms and Conditions, the Option may be exercised as to any
or all shares subject to the Option, at any time or from time-to-time, during the period beginning on the Vesting Date (as defined in the Notice) and ending on the Expiration Date (as defined in the Notice), subject to earlier termination as
provided herein. 
 5. Exercise of Option. 

(a) The Option may be exercised by the Optionee giving written notice (in such form as may be approved by the Committee)
to the Company specifying the number of shares to be purchased. Notwithstanding the other provisions of this Agreement, no Option exercise or issuance of shares of Common Stock pursuant to this Agreement shall be effective if (i) the shares
reserved under the Plan are not subject to an effective registration statement at the time of such exercise or issuance, or otherwise eligible for an exemption from registration, or (ii) the Company determines in good faith that such exercise
or issuance would violate any applicable Company policy or any securities or other law or regulation. By accepting this Option, the Optionee agrees not to sell any of the shares of Common Stock received under this Option at a time when the
applicable laws or Company policies prohibit a sale. 
 (b) Unless otherwise determined by the Committee, the
Exercise Price of an Option may be paid either (i) by delivery to the Company on the date of exercise (or on such later date as the Vice President, Human Resources or his or her successor may permit) of cash or a check in an amount equal to the
Exercise Price, (ii) except for any portion of the Exercise Price which cannot be paid in whole shares which portion will be paid in cash, by delivery to the Company on the next business day following the date of exercise (or on such later date
as the Vice President, Human Resources or his or her successor may permit) of certification of ownership of shares of Common Stock with a Fair Market Value on the date of exercise equal to the Exercise Price (such transaction hereinafter referred to
as a “Stock Swap”), (iii) by such methods in accordance with such procedures as may be authorized or permitted by the Committee from time to time (e.g., a cashless exercise program) or (iv) by a combination of (i), (ii) and
(iii), in the discretion of the Optionee. 
 (c) Shares used by an Optionee to initiate a Stock Swap may only be
shares owned in the following ways: 
 (i) In the Optionee’s name (including shares of restricted stock
issued pursuant to an award to the Optionee); or 

 (ii) In the Optionee and the Optionee’s spouse’s name; or

 (iii) In a street account, provided that ownership is certified by the broker as being in the Optionee or in
the Optionee and spouse; or 
 (iv) In a revocable trust in the Optionee’s name, provided that beneficial
ownership is certified by the trustee as being in the Optionee or in the Optionee and spouse. 
 (d) As soon as
practicable after receipt by the Company of the required notice and payment in full of the Exercise Price (as well as any applicable Tax-Related Items as defined in paragraph 5(e)) for the shares purchased, a certificate or certificates representing
the shares to be acquired by the Optionee shall be issued to the Optionee; provided that any certificate(s) for the shares purchased may be retained by the Company or its stock transfer agent or kept in a book-entry account by its stock transfer
agent or may have such restrictive legends imprinted thereon prohibiting the transfer of such certificate(s) for such period as may be prescribed by the Committee. Subject to the foregoing, the Optionee shall have the rights of a shareholder with
respect to such shares on the date the shares are delivered to the Optionee. 
 (e) Regardless of any action the
Company and/or the Subsidiary employing the Optionee (the “Employer”) take with respect to any or all income tax (including U.S. federal, state, and local tax and/or non-U.S. tax), social insurance, payroll tax, payment on account or other
tax-related items related to Optionee’s participation in the Plan and legally applicable to Optionee or deemed by the Company or the Employer to be an appropriate charge to the Optionee (“Tax-Related Items”), the Optionee acknowledges
that the ultimate liability for all Tax-Related Items is and remains the Optionee’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Optionee further acknowledges that the Company and/or the
Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including the grant, vesting and exercise of the Option, the conversion of the Option into
shares, the subsequent sale of any shares acquired pursuant to the Option and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or
eliminate the Optionee’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Optionee has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable
event, the Optionee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding
event, as applicable, the Optionee shall pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Optionee authorizes the Company and/or the Employer, or their respective
agents, to satisfy the Tax-Related Items obligation by withholding otherwise deliverable shares of Common Stock. In addition, the Optionee authorizes the Company and/or the Employer, in their sole discretion and pursuant to such procedures as the
Company may specify from time to time, to withhold any Tax-Related Items by one or more of the following means: (i) withholding from the proceeds of the sale of shares of Common Stock acquired upon the exercise of the Option either through a
voluntary sale or through a mandatory sale arranged by the Company (on the Optionee’s behalf pursuant to this authorization); and/or (ii) withholding from any wages or other cash compensation paid to the Optionee by the Company and/or the
Employer. To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related
Items is satisfied by withholding a number of shares as described herein, the Optionee shall be deemed, for tax purposes only, to have been issued the full number of shares of Common Stock subject to the exercised portion of the Option,
notwithstanding that a number of shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Option. The Optionee shall pay to the Company and/or the Employer any amount of Tax-Related Items that
is required to be withheld or accounted for in connection with the Option that cannot be satisfied by the means previously described. The Company may refuse to deliver to the Optionee any shares of Common Stock pursuant to the Option if the Optionee
fails to comply with his or her obligations in connection with the Tax-Related Items. 

 (f) The date of exercise shall be the date the required notice is received
by the Company; provided, however, that if payment in full is not received by the Company as described herein or as otherwise permitted by the Committee, such notice shall be deemed not to have been received. 

6. Termination of Option. Unless the Committee shall exercise its discretion under Section 6.03 of the Plan, the Option shall
immediately expire and will no longer be exercisable at the time the Optionee ceases to be employed by the Company or a Subsidiary, except as otherwise provided under “Exercise After Termination of Service” as set forth in the Notice.

 7. Forfeiture. Notwithstanding any other provisions herein, the Optionee, by execution of this Agreement, agrees and
acknowledges that in return for the Option granted by the Company herein, the following continuing conditions shall apply: 
 (a) If at any time within (i) the term of this Option or (ii) within one (1) year after the Optionee exercises any part of this Option, whichever is latest, the Optionee engages in any
activity in competition with any activity of the Company or any of its Subsidiaries, or contrary or harmful to the interests of the Company or any of its Subsidiaries, including, but not limited to: (A) conduct related to the Optionee’s
employment for which either criminal or civil penalties against the Optionee may be sought, (B) violation of Company (or Subsidiary) Business Conduct Policies, (C) accepting employment with or serving as a consultant, advisor or in any
other capacity to an employer that is in competition with or acting against the interests of the Company or any of its Subsidiaries, including employing or recruiting any present, former or future employee of the Company or any of its Subsidiaries,
(D) disclosing or misusing any confidential information or material concerning the Company or any of its Subsidiaries, or (E) participating in a hostile takeover attempt, then (1) this Option shall terminate effective as of the date
on which the Optionee enters into such activity, unless terminated sooner by operation of another term or condition of this Agreement or the Plan, and (2) any “Option Gain” realized by the Optionee from exercising all or any portion
of this Option within one (1) year prior to the Optionee entering into such activity shall be paid by the Optionee to the Company. “Option Gain” shall mean the gain represented by the Fair Market Value on the date of exercise over the
Exercise Price, multiplied by the number of shares purchased, without regard to any subsequent market price decrease or increase. 
 (b) By accepting this Agreement, the Optionee consents to a deduction from any amounts the Company or any of its Subsidiaries owes the Optionee from time to time (including amounts owed to the Optionee as
wages or other compensation, fringe benefits, or vacation pay, as well as any other amounts owed to the Optionee by the Company or any of its Subsidiaries), to the extent of the amounts owed to the Company by the Optionee under paragraph 7(a) above.
Whether or not the Company elects to make any set-off in whole or in part, if the Company does not recover by means of set-off the full amount the Optionee owes it, calculated as set forth above, the Optionee agrees to pay immediately the unpaid
balance to the Company. 
 (c) The Optionee may be released from the Optionee’s obligations under paragraphs
7(a) and 7(b) above only if the Committee (or its duly appointed agent) determines, in its sole discretion, that such action is in the best interests of the Company. 
 8. Acceleration of Vesting. In the event that, during the Change in Control Period (as hereinafter defined), the Optionee is subject to an Involuntary Termination (as hereinafter defined), then the
Option shall become fully vested and immediately exercisable as of such date. If the Optionee is a party to a Change in Control Employment Agreement with the Company (a “Change in Control Agreement”), “Change in Control Period”
for purposes of this Agreement shall have the meaning ascribed to the term “Employment Period,” as defined in the Change in Control Agreement, and if the Optionee is not a party to a Change in Control Agreement, the term shall mean the
period commencing on the date of a Change in Control (as defined in the Plan) and ending on the earlier of the Optionee’s date of Retirement and the third anniversary of the effective date of the Change in Control. “Retirement” for
purposes of this paragraph 8 

 
shall mean termination of employment on or after (i) the Optionee’s “normal retirement date,” as defined in the PPG Industries, Inc. Retirement Income Plan, provided such
termination is voluntary, or (ii) if the Company may subject the Optionee to compulsory retirement under the Age Discrimination in Employment Act (29 U.S.C. Section 621 et. seq.) (ADEA) as a “bona fide executive or a high policy
maker,” the Optionee’s “normal retirement date.” 
 “Involuntary Termination” for purposes of this
Agreement shall mean, if the Optionee is a party to a Change in Control Agreement, a termination of the Optionee’s employment that gives rise to payments and benefits under Section 6 of the Change in Control Agreement, and if the Optionee
is not a party to a Change in Control Agreement, shall mean a termination by the Company for any reason other than Cause, death or Disability (as the terms are hereinafter defined). “Cause” for purposes of an Optionee who is not a party to
a Change in Control Agreement shall have the same meaning as that term is defined in the Optionee’s offer letter or other applicable employment agreement; or, if there is no such definition, “Cause” means, as determined by the
Committee in good faith: (i) engaging in any act, or failing to act, or misconduct that is injurious to the Company or its Subsidiaries; (ii) gross negligence or willful misconduct in connection with the performance of duties;
(iii) conviction of (or entering a plea of guilty or nolo contendere to) a criminal offense (other than a minor traffic offense); (iv) fraud, embezzlement or misappropriation of funds or property of the Company or a Subsidiary;
(v) material breach of any term of any agreement between the Optionee and the Company or a Subsidiary relating to employment, consulting or other services, confidentiality, intellectual property or non-competition; (vi) the entry of an
order duly issued by any regulatory agency (including federal, state and local regulatory agencies and self-regulatory bodies) having jurisdiction over the Company or a Subsidiary requiring the removal from any office held by the Optionee with the
Company or prohibiting or materially limiting the Optionee from participating in the business or affairs of the Company or any Subsidiary. “Disability” for purposes of this Agreement shall mean disability which, after the expiration of
more than 52 weeks after its commencement, is determined to be total and permanent by a physician selected by the Company or its insurers. 
 9. Nontransferability. The Option is not transferable by the Optionee except by will or the laws of descent and distribution, and may not be assigned, hypothecated or otherwise pledged and shall
not be subject to execution, attachment or similar process. Further, the Option shall be exercisable during the Optionee’s lifetime only by the Optionee. Upon any attempt to effect any such disposition, or upon the levy of any such process, the
Option shall immediately become null and void and the Option shall be forfeited. 
 10. Irrevocability. The rights and
Option granted hereby may not be rescinded, modified, canceled or otherwise affected by the Company, except as provided herein (whether expressly or by incorporation by reference), without the written consent of the Optionee. 

11. Choice of Law; Entire Agreement; Venue. The validity, construction and performance of this Agreement shall be governed by and
construed in accordance with the laws of the Commonwealth of Pennsylvania without reference to any choice of law principles. The Notice, these Terms and Conditions and the Plan contain all terms and conditions with respect to the subject matter
hereof. 
 For purposes of litigating any dispute that arises under the Option or this Agreement, the parties hereby submit to
and consent to the jurisdiction of the Commonwealth of Pennsylvania, and agree that such litigation shall be conducted in the courts of Allegheny County, Pennsylvania, or other federal courts for the United States for the Western District of
Pennsylvania, and no other courts, where this Option grant is made and/or to be performed. The parties agree that, if suit is filed in Allegheny County courts, application will be made by one or both parties, without objection, to have the case
heard in the Center for Commercial and Complex Litigation of the Court of Common Pleas of Allegheny County. 
 12.
Severability. If any provision of this Agreement shall be held to be illegal, invalid or unenforceable, that provision will be enforced to the maximum extent permissible and the legality, validity and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. 

 13. Notices. All notices provided for herein shall be in writing and, if to the
Company, shall be delivered to the Treasurer of the Company or mailed to its principal office, One PPG Place, Pittsburgh, Pennsylvania 15272, addressed to the attention of the Treasurer, and, if to the Optionee, shall be delivered personally or
mailed to the Optionee at the address appearing in the payroll records of the Company or a Subsidiary. Such addresses may be changed at any time by written notice to the other party. 

14. Prospectus. By execution of this Agreement, the Optionee acknowledges receipt of the Prospectus dated August 1, 2011,
concerning the Plan. 
 15. Nonqualified Status. This Option shall, under no circumstances, be treated as an incentive
stock option under Section 422 of the Code. 
 16. Further Assurances. The Optionee agrees, upon demand of the
Company or the Committee, to do all acts and execute, deliver and perform all additional documents, instruments and agreements which may be reasonably required by the Company or the Committee, as the case may be, to implement the provisions and
purposes of the Notice, this Agreement and the Plan. 
 17. Capitalization Adjustments. The number of shares of Common
Stock subject to the Option is subject to adjustment as provided in Section 11.07(a) of the Plan. The Optionee shall be notified of such adjustment and such adjustment shall be binding upon the Company and the Optionee. 

18. Option Confers No Rights to Continued Employment. Nothing contained in the Plan or this Agreement shall give the Optionee the
right to be retained in the employment of the Company or any Subsidiary or affect the right of any such employer to terminate the Optionee’s employment. 
 19. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means or request the
Optionee’s consent to participate in the Plan by electronic means. The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and
maintained by the Company or a third party designated by the Company. 
 20. Code Section 409A. It is the intent
that the grant, vesting and/or exercise of the Option set forth in this Agreement shall be exempt from the requirements of Section 409A of the Code, and any ambiguities herein will be interpreted to so comply. The Company reserves the right, to
the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement as may be necessary to ensure that all grants, vesting and exercises provided under this Agreement are made in a manner that
is exempt from Section 409A of the Code; provided, however, that the Company makes no representation that the Option provided under this Agreement will be exempt from and/or comply with Section 409A of the Code. 

21. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Optionee’s
participation in the Plan, on the Option and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and
to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 By accepting
below, the Optionee agrees that this Option is granted under and governed by the terms and conditions of the Company’s Omnibus Incentive Plan and this Agreement. 
  

					
	PPG Industries, Inc.	 		 	
			
	/s/ J. Craig Jordan	 		 	
	By: J. Craig Jordan, Vice President, Human Resources	 		 	
			
	I Accept	 		 	I Do Not Accept

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