Document:

Confidential Agreement and General Release

 Exhibit 10.14 
  
 CONFIDENTIAL AGREEMENT AND GENERAL RELEASE 
  
 This Confidential Agreement and General Release (“Agreement”) is entered into by and between DONALD E.
DAVIS (“Mr. Davis”) and KOPPERS INC. (“Koppers”). 
  
 WHEREAS, Mr. Davis has been employed by Koppers as its Vice President & Chief Financial Officer; 
  
 WHEREAS, effective June 10, 2003, Mr. Davis’s employment as the Vice President & Chief Financial Officer of Koppers will terminate;

  
 WHEREAS, though it has no obligation to do so, Koppers
desires — through a combination of a leave of absence and employment of Mr. Davis in the capacity of a consultant — to postpone the final termination of Mr. Davis’s employment until August 3, 2005, and Mr. Davis desires to remain
employed by Koppers through said date; 
  
 WHEREAS, prior
to entering into any arrangement covering the period from the June 10, 2003 termination of Mr. Davis from his Vice President & Chief Financial Officer job until August 3, 2005, Koppers and Mr. Davis wish to resolve, finally and completely and
with prejudice, and without judicial or administrative intervention, any and all other matters between them relating to Mr. Davis’s employment with Koppers, the terms and conditions of that employment, the termination of that employment, and
the continuing effects thereof; and 
  
 NOW,
THEREFORE, in consideration of the above recitals and the mutual promises and covenants set forth below, Mr. Davis and Koppers, each intending to be legally bound, agree as follows: 
  
 SECTION 1 — TERMINATION, LEAVE
OF ABSENCE, AND CONSULTING ARRANGEMENT 
  
 A. Termination of Employment as Vice President & Chief Financial Officer: By his execution of this Agreement, Mr. Davis acknowledges
that his employment as the Vice President & Chief Financial Officer of Koppers, and member of Koppers’ Senior Management, has been irrevocably terminated effective June 10, 2003. Mr. Davis will not be required to, and is not to,
report to work after May 30, 2003. Also, as of May 30, 2003, Mr. Davis promises to return to Koppers all files, memoranda, documents, records, electronic records, software, copies of the foregoing, credit cards, keys, and any other property of
Koppers or any other Released Party in his possession. 
  
 B. Leave of Absence, Employment as Consultant, Final Termination Date: Mr. Davis will be placed on an unpaid Leave of Absence from June 11, 2003 until January 24, 2004. Thereafter, for the period from January 25, 2004 through
August 3, 2005, he will be employed as a consultant. In his capacity as a consultant, Mr. Davis will be available upon reasonable request, for at least 40 hours per month, to consult with and advise Koppers regarding financial matters. He will not
be provided with an office or a secretary. Mr. Davis’s employment with Koppers will finally and forever terminate effective August 3, 2005. 
  
 C. Severance Pay. Upon the final termination of his employment with Koppers, Mr. Davis will be entitled to receive severance under The
Severance Plan of Koppers Industries, Inc. (the “Severance Pay Program”) in an amount equivalent to 24 weeks and three days of his base weekly salary and he, also, will be entitled to be paid for 8 weeks of his base weekly salary for
vacation that he accrued, but did not use as of June 10, 2003. At Mr. Davis’s 

 request, in lieu of payment following the final termination of his employment, and as provided in Section 2 below,
Koppers will pay these amounts, in weekly installments, to Mr. Davis during the Leave of Absence beginning on June 11, 2003 and ending on January 24, 2004.  
  
 D. Incentive Plan: Mr. Davis shall remain eligible to participate in the 2003 Senior Management Corporate
Incentive Plan for the period from January 1, 2003 through the June 10, 2003 termination of his employment as the Vice President & Chief Financial Officer. The pro-rata incentive award, if any and as determined in Koppers’ sole discretion,
to which Mr. Davis may be entitled will be determined in accordance with the terms of the Incentive Plan after the end of Koppers’ current fiscal year. Mr. Davis will not be eligible to participate in any Senior Management Corporate Incentive
Plan for any period of time subsequent to June 10, 2003. 
  
 E. Stock Option Plan: Notwithstanding any other provision in this Agreement, Mr. Davis shall have until June 10, 2006 (but in no event after the expiration date of any applicable options) to exercise any granted but
unexercised options under the Koppers Inc. 1998 Stock Option Plan or any predecessor stock option plans (collectively, the “Stock Option Plan”). Mr. Davis’s right, if any, to exercise any granted but unexercised stock options under
the Stock Option Plan shall be governed by the provisions of the Stock Option Plan. Mr. Davis will not be granted any additional stock options after June 10, 2003. For purposes of the Shareholders’ Agreement between Koppers and Mr. Davis and
Mr. Davis’s rights and obligations thereunder regarding Koppers stock owned by Mr. Davis, Mr. Davis’s date of termination shall be deemed to be January 24, 2004; otherwise nothing herein shall be construed as enlarging, limiting or
otherwise impacting any rights or obligations Mr. Davis may have under the Shareholders’ Agreement. 
  
 F. Employee Stock Purchase Plan/Travel Accident/Vacation Accrual: Mr. Davis agrees that he will not elect to participate in the Koppers Inc.
Employee Stock Purchase Plan after June 10, 2003. In addition, Mr. Davis understands and agrees that his coverage under the Travel Accident Insurance Plan of Koppers Inc. for Regular Salaried Employees shall cease as of June 10, 2003; any
perquisites that Mr. Davis enjoyed prior to June 10, 2003 will be discontinued effective June 10, 2003, including without limitation any Koppers-paid dues and memberships; and Mr. Davis will not accrue any additional vacation benefits after June 10,
2003.  
  
 SECTION 2 — SEPARATION
PAY AND CONSULTING PERIOD 
  
 For purposes of this Agreement, the period from June 11, 2003 through August 3, 2005 will hereinafter be referred to as the “Separation Pay and
Consulting Period.” 
  
 A. Payment:
During the Separation Pay and Consulting Period (i.e., from June 11, 2003 through August 3, 2005), Koppers agrees to provide to Mr. Davis, and Mr. Davis agrees to accept from Koppers, the following items: 
  
 (1) During the Separation Pay and Consulting Period, Mr.
Davis shall continue to receive from Koppers his regular monthly salary of Twenty Thousand One Hundred Twenty-Five Dollars ($20,125.00), less deductions required by law, payable on the regular Koppers pay dates. Mr. Davis expressly acknowledges (a)
that a portion of the continuation of his salary during the Separation Pay and Consulting Period, to-wit 24 weeks and 4 days, constitutes the equivalent of benefits to which he is entitled under the Severance Pay Program and is being paid to
him in installments during the Separation Pay and Consulting Period at his election and request and in lieu of payment to him by Koppers on or after August 3, 2005; (b) that a portion of the continuation of his salary 
  

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 during the Separation Pay and Consulting Period, to-wit 8 weeks, constitutes the equivalent of his
accrued and unused vacation benefits to which he is entitled and is being paid to him in installments during the Separation Pay and Consulting Period at his election and request and in lieu of a lump sum payment to him by Koppers; and (c) that the
remaining portion of the continuation of his salary during the Separation Pay and Consulting Period, to-wit 79 weeks and 3 days, relates to Koppers employment of Mr. Davis as a consultant and is in excess of that to which he is eligible under
the aforesaid Separation Pay Program and, further, is in addition to anything of value to which Mr. Davis is entitled under Koppers’ policies and procedures. 
  
 (2) During the Separation Pay and Consulting Period or until Mr. Davis is covered under another
employer’s program of insurance benefits, whichever shall first occur, and as long as Mr. Davis elects to continue coverage and pays the employee share of premiums, where applicable, Mr. Davis and his eligible dependents will continue to be
covered under the following insurance plans of Koppers: (a) Comprehensive Medical Benefits Plan of Koppers Inc. for Salaried Employees; (b) Dental Expense Plan for Salaried Employees of Koppers Inc.; (c) Group Life Insurance Plan of Koppers Inc. for
Salaried Employees; (d) Personal and Family Accident Insurance Plan of Koppers Inc. for Salaried Employees; and (e) Koppers Inc. Survivor Benefit Plan. 
  
 (3) During the Separation Pay and Consulting Period, Mr. Davis will continue to receive service credit for purposes of determining the
benefits to which Mr. Davis may be entitled under the Retirement Plan of Koppers Industries, Inc. and Subsidiaries for Salaried Employees (the “Pension Plan”); provided, however, that if the Pension Plan is terminated, frozen or otherwise
amended prior to August 3, 2005, then Mr. Davis shall have no greater right to benefits or benefit accruals under the Pension Plan than the other participants in the Pension Plan. 
  
 (4) During the Separation Pay and Consulting Period, Mr. Davis will continue to be eligible to participate
in the Employee Savings Plan of Koppers Industries, Inc. and Subsidiaries (the “401(k) Plan”). 
  
 (5) During the Separation Pay and Consulting Period, Mr. Davis will continue to receive service and compensation credit through August 3,
2005 under the two non-qualified supplemental executive retirement (“SERP”) plans sponsored by Koppers in which Mr. Davis currently participates, and the amount, form and timing of the commencement of pension benefits thereunder following
the termination of Mr. Davis’s employment shall be as set forth under the terms of such plans; provided, however, that if either or both of the SERP Plans are terminated, frozen or otherwise amended prior to August 3, 2005, then Mr. Davis shall
have no greater right to benefits or benefit accruals under the SERP Plans than the other participants in such plans. 
  
 (6) During the Separation Pay and Consulting Period, Mr. Davis will remain eligible to participate in the Salary Continuation Plan of
Koppers Inc. and in the Long Term Disability Plan of Koppers Inc. for Salaried Employees (the “LTD Plan”). At Koppers’ sole discretion, should Mr. Davis receive any benefits during said Separation Pay and Consulting Period under
either Plan, Koppers will be entitled to offset the benefits received, dollar for dollar, against all amounts to be paid pursuant to subparagraph (1) above. 
  
 All severance and vacation pay due will be completed by the “Pay-Through-Date” of August 3, 2005, at which time Mr. Davis’s benefits as a
severed employee will end. 
  

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 B. Other Employment/Non-Competition: If Mr. Davis finds other employment prior to August 3,
2005 he may accept such other employment, without any impairment or offset of the payments set forth in Section 2, paragraph A provided that he does not, in the course of or in connection with such employment, breach any of the covenants set forth
in this Agreement and provided further that he does not (during the Separation Pay and Consulting Period) engage, directly or indirectly, whether as principal or as agent, officer, director, employee, consultant, or shareholder, alone or in
association with any other person, corporation or other entity, in any Competing Business. For purposes of this Agreement, the term “Competing Business” shall mean any person, corporation or other entity engaged anywhere in the world in
the same business as Koppers, which is a global integrated producer of carbon compounds and treated wood products for use in a variety of markets including the railroad, aluminum, chemical, and steel industries. Mr. Davis recognizes and acknowledges
that Koppers conducts business on a national and international basis, and therefore, Mr. Davis agrees that this restriction is reasonable and necessary to protect Koppers’ business. Mr. Davis also covenants and agrees that, during the
Separation Pay and Consulting Period, he shall not, directly or indirectly, solicit or induce, or attempt to solicit or induce, any employee of Koppers to leave Koppers for any reason whatsoever, or hire any employee of Koppers; and he shall not,
directly or indirectly, solicit the business of, or do business with, any customer or prospective customer or supplier of Koppers for any business purpose other than for the benefit of Koppers.  
  
 C. Sufficiency of Consideration: Mr. Davis expressly acknowledges
that, during the Separation Pay and Consulting Period and otherwise, he shall not receive any payments or benefits from Koppers other than those specified above and that Koppers shall not be required to make any further payment or provide any
further benefit to him or on his behalf, for any reason whatsoever, either during the Separation Pay and Consulting Period or thereafter. Mr. Davis acknowledges and agrees that Koppers’ entry into a consulting arrangement with him as described
in Section 1; Koppers’ agreement to pay him his regular salary for a period of 79 weeks and 3 days, as described in paragraph A above; the continuation of certain pension service credit accrual; and the outplacement services as described in
paragraph D below, are significantly and substantially in addition to those benefits to which Mr. Davis was or is otherwise entitled and Mr. Davis acknowledges that these undertakings by Koppers are adequate consideration for all terms and covenants
contained in this Agreement. 
  
 D. Outplacement:
Koppers will assist Mr. Davis in finding employment with an employer other than Koppers (or its related companies or subsidiaries) by making available to Mr. Davis, at Koppers’ expense up to Fifteen Thousand Dollars ($15,000.00), the
outplacement services of Drake Beam. The cost of said services will be paid by Koppers directly to Drake Beam, and Mr. Davis must commence utilizing the services by July 15, 2003 or they will not be available to him. If Mr. Davis desires to utilize
these services, he should contact Cheryl Grec at (412) 227-2184. 
  
 SECTION 3 — COMPLETE RELEASE 
  
 A. In General: As defined in paragraph C below Mr. Davis agrees to irrevocably and unconditionally release any and all Claims he may now
have against Koppers and the Released Parties as set forth in this Section 3. 
  
 B. Released Parties: The Released Parties are Koppers and its related Koppers entities; its employees, shareholders, officers, and directors; its insurers, employee benefit plans, and funds, programs or
arrangements providing pension, welfare, and fringe benefits; and its and their successors and/or assigns, jointly and individually. 
  

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 C. Claims Released: Mr. Davis understands and agrees that he is releasing all known and
unknown claims, promises, causes of action, or similar rights of any type that he may have (the “Claims”) against any Released Party arising out of or in any way related to his employment with Koppers, the terms and conditions of his
employment with Koppers, the end of Mr. Davis’s employment as the Vice President & Chief Financial Officer of Koppers and a member of Koppers’ Senior Management, the final termination of his employment with Koppers on August 3, 2005,
and the continuing effects thereof. Mr. Davis further understands that the Claims he is releasing may arise under many different laws and under any possible legal, equitable, statutory, contractual or tort theory, including, but by no means limited
to: 
  
 (1) Anti-discrimination
statutes, such as the Age Discrimination in Employment Act and Executive Order 11141, which prohibit age discrimination in employment; Title VII of the Civil Rights Act of 1964, Section 1981 of the Civil Rights Act of 1866, and Executive Order
11246, which prohibit discrimination or harassment based on race, color, national origin, religion, or sex; the Equal Pay Act, which prohibits paying men and women unequal pay for equal work; the Americans With Disabilities Act and Sections 503 and
504 of the Rehabilitation Act of 1973, which prohibit discrimination based on disability; the Pennsylvania Human Relations Act, which prohibits discrimination based on age, race, sex, non-job related handicap or disability; and any other federal,
state, or local laws prohibiting employment or wage discrimination. 
  
 (2) Federal employment statutes, such as the Employee Retirement Income Security Act of 1974, which, among other things, protects employee benefits; the Fair Labor Standards Act of 1938, which regulates wage
and hour matters; the Family and Medical Leave Act of 1993, which requires employers to provide leaves of absence under certain circumstances; and any other federal laws relating to employment, such as veterans’ reemployment rights laws.

  
 (3) Other laws, such as any federal,
state, or local law restricting an employer’s right to terminate employees or otherwise regulating employment; any federal, state, or local laws enforcing express or implied employment contracts of any type whatsoever or requiring employers to
deal with employees fairly or in good faith; and any wage payment and collection law. 
  
 (4) Tort and Contract Claims, such as Claims for wrongful or constructive discharge, physical or personal injury, emotional
distress, fraud, fraud in the inducement, negligent misrepresentation, defamation, invasion of privacy, interference with contract or with prospective economic advantage, breach of express or implied contract, breach of covenants of good faith and
fair dealing, and similar or related claims. 
  
 (5) Other examples of released Claims, include, but are not limited to: (i) Claims for compensation, stock options, deferred compensation, bonuses, and lost wages; (ii) Claims that in any way relate to the design or administration of
any employee benefit program; (iii) Claims for severance under the Severance Pay Program or similar benefits or for post-employment health or group insurance benefits; or (iv) Claims for the fees, costs, or expenses of any and all attorneys who
represent or have represented Mr. Davis in connection with this Agreement. 
  
 Mr. Davis understands that he is releasing Claims that he may not know about. That is Mr. Davis’s knowing and voluntary intent, even though Mr. Davis recognizes that someday he might learn that some or all of the
facts that he currently believes to be true are untrue and even though he might then regret having signed this Agreement. Nevertheless, Mr. Davis is assuming that risk and he agrees that this Agreement shall remain effective in all respects in any
such case. 
  

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 That is his knowing and voluntary intent. Mr. Davis also covenants that, to his knowledge, he has not sustained any
work-related injury during his employment at Koppers. 
  
 D.
Rights Not Released. Mr. Davis does not waive, nor shall this Agreement be construed to waive, any right which is not subject to waiver as a matter of law, or any right which arises after the effective date of this Agreement. Further,
nothing in this Agreement shall affect any of the following: (i) Mr. Davis’s right to enforce this Agreement; (ii) Mr. Davis’s eligibility to receive his vested pension benefits from the Pension Plan in accordance with the terms of said
plan; (iii) Mr. Davis’s eligibility to receive the vested portion of his account balance in the 401(k) Plan in accordance with the terms of said plan; and (iv) Mr. Davis and his eligible dependents’ eligibility to purchase (effective
September 1, 2005 and at his or their own expense) continuation coverage for applicable insurance benefits as is provided to terminated employees of Koppers pursuant to the continuation coverage provisions of the Consolidated Omnibus Budget
Reconciliation Act. 
  
 SECTION 4 —
MR. DAVIS’S PROMISES 
  
 A. No Further Employment: Mr. Davis expressly acknowledges, understands, covenants, and agrees that he will not apply for or seek in any way
to be employed, reemployed, or reinstated by Koppers as the Vice President & Chief Financial Officer, or in any other Senior Management role, or in any other capacity not expressly provided for in this Agreement and for the period provided by
this Agreement. Mr. Davis acknowledges and agrees that the consulting arrangement will end by its terms on August 3, 2005 and is non-renewable; and Mr. Davis expressly agrees that he is not entitled to, nor will Koppers be obligated, either to
extend this arrangement or enter into any other agreement, consulting or otherwise, with him covering any period after that date.  
  
 B. Pursuit of Released Claims: Mr. Davis specifically covenants that he has not filed or caused to be filed any lawsuit, complaint, or
charge with respect to any Claim this Agreement purports to waive, and Mr. Davis promises never to file or prosecute a lawsuit or complaint based on any such Claim. Mr. Davis promises never to seek any damages, remedies, or other relief for himself
personally (any right to which he hereby waives) by filing or prosecuting a charge with any administrative agency with respect to any such Claim. Mr. Davis further promises to request any government agency or other body assuming jurisdiction of any
such lawsuit, complaint, or charge to withdraw from the matter or dismiss the matter with prejudice, and he hereby waives his right to monetary or other recovery should any federal, state, or local administrative agency pursue any claims on his
behalf against any of the Released Parties arising out of or relating to his employment with Koppers, the terms and conditions of that employment, or the termination of that employment.  
  
 C. No Limitation: Except for vested rights, Mr. Davis
acknowledges and agrees that no provision of this Agreement referencing his participation in any Koppers employee benefit plan, program, or policy shall be deemed to limit any rights Koppers may have to amend or terminate such plan, program, or
policy in accordance with its terms and applicable laws. 
  
 D. Taxes: Mr. Davis agrees that he is solely responsible for any tax liabilities and consequences which may result from his receipt of money under this Agreement, and Mr. Davis agrees that Koppers shall bear absolutely no
responsibility for any such tax liabilities or consequences. Mr. Davis shall indemnify and hold Koppers harmless from any liability for tax payments, tax withholdings, penalties, additions to tax and/or interest which may result from any payment
under this Agreement. Further, Mr. Davis agrees that Koppers shall not be required to pay any further sum to him, or to any other person or entity, for any reason as part of this 
  

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 settlement even if the tax liabilities and consequences to Mr. Davis are ultimately assessed in a fashion which he does
not presently anticipate. 
  
 E.
Indemnification: Mr. Davis hereby releases, indemnifies and holds the Released Parties harmless of and from any and all claims or causes of action for the fees, costs and expenses of any and all attorneys who have at any time or are now
representing Mr. Davis in connection with the underlying dispute or with the matters which are the subject of this Agreement. 
  
 F. Ownership of Claims: Mr. Davis has not assigned or transferred any Claim he is releasing, nor has he purported to do so. 

  
 G. Nonadmission of Liability: Neither this
Agreement nor the implementation thereof shall be construed to be, or shall be admissible in any proceedings as, evidence of an admission by Koppers of any violation of or failure to comply with any federal, state, or local law, common law,
agreement, rule, regulation or order. Further, Mr. Davis agrees that Koppers entry into this Agreement is not to be construed as, and is not, an admission that Koppers violated any of its duties or obligations to him or treated him improperly,
unlawfully or unfairly in any manner whatsoever.  
  
 H.
Implementation: Mr. Davis agrees to sign any documents and do anything else that is necessary in the future to implement this Agreement. 
  
 I. Confidential Information: Mr. Davis hereby acknowledges that during the course of his employment he gained knowledge or information of a
confidential nature in which Koppers has a proprietary interest. Mr. Davis agrees not to disclose to any person or any entity, without the express written authorization and consent of Koppers, any confidential, proprietary or competitive information
belonging to Koppers or its subsidiaries or affiliates, including without limitation confidential manufacturing processes, inventions, devices, cost data, marketing information, capital spending or other business plans or strategies, pricing
information, customer lists, forecasts, personnel or employment information, legal plans or strategies or any other information not disclosed to the public or otherwise generally available to the public or known by Koppers’ competitors. Nothing
contained in this Section 4 shall be construed as limiting any other obligations of confidentiality to which Mr. Davis may otherwise be bound, including without limitation the obligations of confidentiality set forth in the SERP. 

 
 J. This Agreement To Be Kept Confidential: Mr. Davis agrees
not to disclose the terms or amount of this Agreement to anyone other than members of his immediate family, his attorney, and other professional advisors and, even as to such persons, only if they agree to honor this confidentiality requirement.
Such a person’s violation of this confidentiality requirement will be treated as a violation of this Agreement by Mr. Davis. This subsection does not prohibit the disclosure of the terms or amount of this Agreement to the extent necessary
legally to enforce this Agreement, nor does it prohibit disclosures to the extent otherwise legally required. Mr. Davis acknowledges that Koppers would be irreparably harmed if this subsection were violated.  
  
 K. Consequence of Violating Any Promises: Mr. Davis agrees to
pay the reasonable attorneys’ fees and any damages any Released Party may incur as a result of Mr. Davis breaching a promise he made in this Agreement (such as suing a Released Party over a released Claim that is later determined by a Court to
have been waived and released under this Agreement) or if any representation he made in this Agreement was false when made or by violating the confidentiality provisions of this Section 4. Mr. Davis further agrees that Koppers would be irreparably
harmed by any actual or threatened violation of Section 4 that involves disclosure of 
  

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 the terms or amount payable under this Agreement, and that Koppers (in addition to the remedies in subsection J above)
will be entitled to an injunction prohibiting him from committing any such violation. 
  
 SECTION 5 — REVIEW AND REVOCATION 
  

A. Review: Mr. Davis acknowledges and agrees that his waiver of rights under this Agreement is knowing and voluntary and complies in full
with all criteria set forth in the regulations promulgated under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964 and any and all federal, state, and local laws,
regulations, and orders. Mr. Davis expressly warrants that he is advised hereby in writing to consult with an attorney prior to executing this Agreement. Mr. Davis further expressly warrants that he has had the opportunity to consult with,
and to be advised by, an attorney before executing this Agreement to help him fully understand and appreciate its legal effect. Mr. Davis acknowledges that he has been afforded the opportunity to consider this Agreement for a period of 21 days,
which is a reasonable period of time. In the event that Mr. Davis executes this Agreement prior to the expiration of the aforesaid 21-day period, he acknowledges that his execution of the Agreement was knowing and voluntary and was not induced in
any way by Koppers or any other person. 
  
 B.
Delivery: Mr. Davis shall cause the delivery of the executed counterparts of this Agreement to be made by June 23, 2003 to Steven R. Lacy, Vice President, Law and Human Resources and Secretary of Koppers, at 436 Seventh Avenue,
Pittsburgh, PA 15219. This Agreement shall be void and of no effect if it is not executed by Mr. Davis and delivered to Mr. Lacy at the aforesaid address by June 23, 2003. 
  
 C. Revocation: Mr. Davis has the right to revoke this Agreement at any time within the seven-day period
immediately following his execution of this Agreement. To exercise that right, Mr. Davis must send a written notification of revocation either by certified mail, return receipt requested, or by hand delivery, or by facsimile (412-227-2333) to Steven
R. Lacy, Vice President, Law and Human Resources and Secretary of Koppers Inc. at the address stated in paragraph B above. If Mr. Davis revokes this Agreement within such seven-day period, Koppers shall have no obligations whatsoever pursuant to
this Agreement. If Mr. Davis does not advise Koppers in writing that he revokes this Agreement within seven days of his execution of it, this Agreement shall be forever enforceable. The eighth day following Mr. Davis’s execution of this
Agreement shall be deemed the Effective Date of this Agreement. 
  
 SECTION 6 — MISCELLANEOUS 
  
 A. Entire Agreement: Mr. Davis understands and agrees that the terms and conditions of this Agreement constitute the full and complete
understanding and agreement between him and Koppers with respect to all matters covered by this Agreement, that there are no other agreements, covenants, promises, or arrangements between him and Koppers other than those set forth herein, and that
the terms and conditions of this Agreement cancel and supersede any prior understandings or agreements (including any Employment Agreement) that may have existed between Mr. Davis and Koppers with respect to all matters covered by this Agreement,
and that no other promise or inducement has been offered to him except as set forth herein.  
  
 B. Amendment: This Agreement may not be amended, modified, waived or cancelled except by a writing signed by each party hereto. No waiver of
any provision of this Agreement shall be effective as against the waiving party unless such waiver is in writing and signed by the waiving party. Waiver by a party as provided in this Section 6 shall not be 
  

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 construed as or constitute either a continuing waiver or a waiver of any other matter by the waiving party.

  
 C. Severability: If any term, condition, clause
or provision of this Agreement shall be determined by a court of competent jurisdiction to be void or invalid at law, or for any other reason, then only that term, condition, clause or provision, as is determined to be void or invalid, shall be
stricken from this Agreement, and this Agreement shall remain in full force and effect in all other respects. 
  
 D. Interpretation. This Agreement shall be construed as a whole according to its fair meaning. It shall not be construed strictly for or
against Mr. Davis or any Released Party. Unless the context indicates otherwise, the singular or plural number shall be deemed to include the other and the use of Koppers Inc. and Koppers Industries, Inc. shall have the same meaning. Captions are
intended solely for convenience of reference and shall not be used in the interpretation of this Agreement. The statutes and common law of the Commonwealth of Pennsylvania shall govern this Agreement.  
  
 E. Change of Address: Mr. Davis agrees and understands that it
is his full and complete responsibility to notify Koppers of any change of his address. Koppers will not be responsible for any amount claimed by Mr. Davis that was not received as the result of Mr. Davis’s failure to promptly notify Koppers of
any change in his address. 
  
 F. Notice of
Subsequent Employment. Mr. Davis agrees to provide Koppers with written notice within ten (10) days after the commencement of any work arrangement, including but not limited to any employment, contractor, consultant, partnership and/or agency
arrangement, during the Severance Pay and Consulting Period, of the identity of Mr. Davis’s employer, client, partner, or principal and Mr. Davis’s position with respect to such arrangements. In addition, should Mr. Davis become covered by
another employer-sponsored medical, dental, or vision plan at any time prior to August 3, 2005, Mr. Davis agrees to notify Koppers within ten (10) days after the commencement of said coverage.  
  
 G. Successors: This Agreement binds Mr. Davis, his heirs,
administrators, representatives, executors, successors and assigns, and will inure to the benefit of all Released Parties and their respective heirs, administrators, representatives, executors, successors and assigns. 
  
 H. Death Prior to August 3, 2005. In the event that Mr. Davis
dies prior to August 3, 2005, the compensation and benefits set forth herein shall terminate, except that benefits will be payable to Mr. Davis’s spouse or other beneficiaries in accordance with the provisions of the various employee benefit
plans sponsored by Koppers which provide for payment of benefits upon the death of a terminated employee. 
  
 I. Reclamation of Payments. Mr. Davis acknowledges that if he fails to abide by any of the terms of this Agreement, Koppers may reclaim any
amounts payable hereunder, without waiving the release granted by Mr. Davis in Section 3 and immediately terminate any benefits or payments that are due to him hereunder, in addition to any other remedies that Koppers may have. 
  
 J. Arbitration: Except for disputes relating to Section 2,
paragraph B and to Section 4, paragraphs J and K, any disagreement or dispute arising under or related to any provision of this Agreement shall be submitted to final and binding arbitration, pursuant to the rules then in effect of the American
Arbitration Association, by one arbitrator who is a member of the National Academy of Arbitrators. The decision of such arbitrator shall be final and binding 
  

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 upon Koppers and Mr. Davis, and judgment may be entered thereon in any court having jurisdiction. The arbitrator shall
not have the authority to alter, delete, or add to the provisions of this Agreement and the arbitrator’s decision shall be based solely upon interpretation of the provisions of this Agreement. Koppers and Mr. Davis waive any right to have any
dispute or disagreement adjudicated by any other arbitration panel or before any other forum, except as required by law. Unless otherwise agreed by the parties, the arbitration shall take place in Pittsburgh, Pennsylvania, and the arbitration fee
shall be borne equally by Koppers and Mr. Davis. 
  
 K.
Counterparts. This Agreement may be signed in two or more counterparts, each of which shall be deemed an original when signed and shall constitute the same instrument.  
  
 Mr. Davis acknowledges that he has carefully read the foregoing Agreement, that he understands completely its contents, that he understands
the significance and consequence of signing it, and that he intends to be legally bound by its terms. Mr. Davis further acknowledges that he has had a reasonable and sufficient period of time within which to consider this Agreement and that he has
had the opportunity to review this Agreement with counsel. Mr. Davis swears that he has agreed to and signed this Agreement voluntarily and as his own free will, act, and deed and for full and sufficient consideration. 
  
 IN WITNESS WHEREOF, DONALD E. DAVIS and KOPPERS INC.
have caused this Confidential Agreement and General Release to be executed as of the day and year set forth below. 
  

			
	 Witness:
  

 Dated:____________________
	 	  

 Donald E.
Davis
  
 Dated:____________________

		
	 	 	 KOPPERS INC.
  
 By: ______________________________________________
  
 Title: Vice President, Law & Human Resources
  
 Dated: May 27,
2003                                       
 

  

 10Brian H. McCurrie Employment Agreement

 Exhibit 10.15 
  
 EMPLOYMENT CONTRACT 
  
 BRIAN H. McCURRIE 
  
 The parties to this Employment Agreement (this “Agreement”) are Koppers Inc. (the “Company”) and Brian H. McCurrie
(“Executive”). The Company desires to retain the services of Executive as Vice President & Chief Financial Officer and Executive desires to accept such employment on the terms and conditions set forth below. 
  
 Accordingly, the parties, intending to be legally bound, agree as follows:

  
 1. Term of Agreement. The term of this Agreement (the
“Term”) shall commence as of October 13, 2003 and shall continue in effect until October 12, 2005; provided, however, that as of October 12, 2005, and each October 12th thereafter, the Term shall automatically be extended for one
additional year unless, at least one hundred eighty (180) days prior to such renewal date either the Company or Executive shall have given notice to the other that such party does not wish to extend such Term; and provided further, however, that if
a Change in Control (as hereinafter defined) shall have occurred during the original or extended Term, the Term shall continue for a period of not less than twenty-four (24) months following the month in which such Change in Control occurred. In no
event, however, shall the Term extend beyond the end of the calendar month in which Executive’s 65th birthday occurs. 
  
 2. Duties. During the Term, Executive shall serve as Vice President & Chief Financial Officer and shall perform the duties, services and
responsibilities and have the authority commensurate to such position. Executive shall report to the Chief Executive Officer of the Company (the “CEO”). Executive shall perform his duties at the Company’s executive offices, reasonable
periods of travel for business purposes excepted. Executive shall devote his best efforts to promote the Company’s interests, and he shall perform his duties and responsibilities faithfully, diligently and to the best of his ability, consistent
with sound business practices. Executive shall, in performing his duties, services and responsibilities for the Company, fully comply with the policies of the Company which may be instituted by the Company from time to time, including without
limitation, the Company’s Ethics and Compliance Program and the Company’s Code of Conduct or similar policies or rules, as such may be revised from time to time. Executive shall devote his full working time to the business and affairs of
the Company. Except as specifically provided for in this Agreement, nothing in this Agreement shall preclude Executive from devoting reasonable periods required for engaging in charitable and community activities, serving as a director of other
companies and managing his personal investments; provided, that such activities do not interfere in any material respect with the regular performance of his duties and responsibilities under this Agreement. 

 3. Base Salary. During the Term, the Company shall pay Executive a base salary (the “Base
Salary”) at an annual rate of at least $225,000. Such Base Salary shall be subject to periodic review by the Chief Executive Officer. The Base Salary shall be payable in accordance with the Company’s regular payroll practices, but no less
frequently than monthly. 
  
 4. Incentive Compensation.
Executive shall be entitled to participate in the Company’s Corporate Senior Management Incentive Plan (the “Senior Management Incentive Plan”) with an annual incentive target of 55% of Base Salary, and such participation shall be
subject to such terms and conditions as the Company’s Board of Directors (the “Board”) shall determine. Executive shall be entitled to participate in the Senior Management Incentive Plan on a pro-rata basis during Executive’s
first year of employment. 
  
 5. Other Benefits.

  
 (a) Expense Reimbursement. During the Term, Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by Executive in performing services under this Agreement, provided that such expenses are properly accounted for and are in accordance with the policies and
practices for senior executives in effect from time to time as established by the Company. The Company understands and agrees that such expense reimbursement shall include all reasonable costs associated with maintaining Executive’s
professional certifications related to Executive’s job performance, such as, but not limited to, CPA continuing education costs. 
  
 (b) Supplemental Executive Retirement Plan. During the Term, Executive shall be eligible to participate in the Company’s Supplemental
Executive Retirement Plan I and Supplemental Executive Retirement Plan II benefit plans, as such plans may be amended by the Board from time to time and subject to the terms and conditions of such plans. 
  
 (c) Survivor Benefit Plan. During the Term, Executive shall be
eligible to participate in the Company’s Survivor Benefit Plan, as such plan may be amended by the Board from time to time and subject to the terms and conditions of such plan and subject to the Company’s ability to purchase life insurance
on Executive’s life at standard rates. 
  
 (d)
Vacation. During the Term, Executive shall be entitled to four (4) weeks paid vacation per calendar year beginning in 2004. 
  
 (e) Club Membership. During the Term, the Company shall reimburse Executive for (i) Executive’s initiation and membership fees at the Rivers
Club in Pittsburgh, Pennsylvania and (ii) Executive’s annual membership dues for the 
  

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 St. Clair Country Club. Executive will be responsible for all expenses incurred by him in connection with his use of the
Rivers Club and the St. Clair Country Club, except for expenses that are payable or reimbursable under Section 5(a). 
  
 (f) Signing Bonus. The Company shall pay to Executive a signing bonus of $50,000 in cash, net of appropriate tax withholdings; payable in two
installments of $25,000 each on October 31, 2003 and January 2, 2004. 
  
 (g) Stock Options. At the same time the Board makes the next grant of stock options to Company employees, the Board shall grant to Executive incentive stock options (the “Options”) to purchase a total of 7,500 shares of the
Company’s Common Stock. The options will be granted under and subject to the terms of the Company’s Stock Option Plan. 
  
 (h) Participation in Plans. During the Term, Executive shall be entitled to participate in and receive benefits under and subject to the terms and
conditions of all of the Company’s benefit plans, programs and arrangements for salaried employees, as they may be duly amended, approved or adopted by the Board from time to time, including any retirement plan, savings plan, life insurance
plan, health insurance plan, and accident or disability insurance plan. 
  
 (i) Enhanced Long-Term Disability Plan. During the Term, Executive shall be entitled to participate in the Company’s enhanced long-term disability plan, as such plan may be amended from time to time and subject to the terms and
conditions of such plan. 
  
 6. Covenants. In order to
induce the Company to enter into this Agreement, Executive hereby covenants as follows: 
  
 (a) Executive agrees and understands that Executive has been and will be exposed to and receive certain confidential information of the Company relating to the confidential affairs of the Company, including, but not
limited to and without limiting the generality of the foregoing: technical information; business and marketing plans; strategies; customer information; information concerning the Company’s products; pricing information and policies; promotions;
developments; financing plans; business policies and practices; processes; techniques; methodologies; formulae; processes; compilations of information; research materials; software (source and object code); algorithms; computer processing systems;
drawings; proposals; job notes; reports; records; specifications; inventions; discoveries; improvements; innovations; designs; ideas; trade secrets; proprietary information; manufacturing, packaging, advertising, distribution, and sales methods;
sales and profit figures; and client and client lists and other forms of information considered by the Company to be confidential and in the nature of a trade secret (hereinafter all referred to as “Confidential Information”). Executive
acknowledges that the Confidential Information is a valuable and unique asset of the Company and hereby covenants that both during 
  
  

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 and after his employment, Executive shall keep such Confidential Information confidential and shall not disclose such
information, either directly or indirectly, to any third person or entity without the prior written consent of a duly authorized representative of the Company. Further, Executive agrees that he will not use any Confidential Information for any
purpose (including, but not limited to, use for Executive’s own benefit or for the benefit of a third party) other than for purposes authorized by the Company and for the benefit of the Company. The parties agree that any Confidential
Information that was disclosed or provided to Executive by the Company prior to the effective date of this Agreement was intended to be and shall be subject to the terms and conditions of this Agreement. Executive agrees that this confidentiality
covenant has no temporal or territorial restriction. The obligation of confidentiality imposed herein shall not apply: (i) to information that is now or hereafter becomes publicly known or generally known in the Company’s industry other than as
a result of Executive’s breach of his or her obligations hereunder and (ii) to information that is required to be disclosed by applicable laws, governmental regulations or judicial or regulatory process; provided, however, in such event, that
Executive may disclose such information only to the extent required and shall give prior notice of the requirement to disclose such information to the Company to the extent practicable under the circumstances. 
  
 (b) Records and other Property. Executive acknowledges that any and
all documents, files, memoranda, notes, keys, writings, lists, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machinery, technical data, electronic mail transmissions, records, sketches, plans and other property,
tangible product or materials received from the Company or relating to the business and affairs of the Company, or any of its affiliates, whether or not prepared by Executive and whether or not containing or embodying Confidential Information,
Developments or Intellectual Property Rights (as hereinafter defined) shall be the sole and exclusive property of the Company. Such documents, files, memoranda, notes, electronic mail transmissions, records, sketches, plans and other materials are
for the use of Executive solely in discharging his duties and responsibilities as an employee of the Company, and Executive has no claim or right to the continued use of thereof. Executive agrees, upon termination of his employment, or, in the
alternative, at the direction of the Company, that he will promptly return to the Company or destroy all such documents, files, memoranda, notes, electronic mail transmissions, records, sketches, plans and other materials in his possession, custody
or control without retaining any copies thereof. 
  
 (c)
Non-Competition. 
  
 (i) Executive
covenants and agrees, during his employment with the Company and for a period of one (1) year after the termination of his employment, voluntarily or involuntarily, that he will not for any reason, directly or indirectly, anywhere in the world:

  

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 (A) use, work on, develop, or assist others to use, work on or develop, information,
technologies or processes to which Executive is exposed or which Executive uses, develops or works on after the date of this Agreement while in the employ of the Company; or 
  
 (B) engage in, represent in any way, be connected with, furnish consulting services to, be employed by or
have any interest in (whether as owner, partner, servant, agent, employee, consultant, corporate officer, director or stockholder) any entity or person which competes with the Company in connection with any other information, technologies,
processes, products, services or business areas to which Employee is exposed or which Executive develops or works on after the date of this Agreement while in the employ of the Company. 
  
 (ii) In addition to the foregoing covenants and agreements and without limitation of them, Executive further
covenants and agrees that for a period of one (1) year after Executive’s employment with the Company terminates (whether said employment is terminated voluntarily or involuntarily), that he shall not, directly or indirectly engage in, represent
in any way, be connected with, furnish consulting services to, be employed by or have any interest in (whether as owner, partner, servant, agent, employee, consultant, corporate officer, director or stockholder) any entity or person which competes
with the business of the Company anywhere in the world. For purposes of this Section 6(c)(ii), the business of the Company shall be defined as the development, marketing and sales of all products and services provided by the Company during
Executive’s time of employment. 
  
 (iii)
Employee specifically acknowledges and agrees that the information, technologies, processes, products, services or business as referred to above are intended to have application, utility and marketability throughout the world. Executive further
acknowledges and agrees to the reasonableness of these covenants not to compete and the reasonableness of the scope, geographic area and duration of time, which are a part of these covenants. Executive also acknowledges and agrees that the covenants
and agreements set forth in this Section 6(c) will not preclude Executive from becoming gainfully employed following termination of his employment with the Company. 
  
 (iv) Nothing in this Section 6(c) shall prohibit Executive from (A) owning less than five percent (5%) of
any class of securities or debt of any corporation or other entity, whether publicly traded or privately held, (B) serving as a general or limited partner or having a similar ownership interest in any partnership or investment company that owns or
controls a competing entity so long as Executive is not actively engaged in the management of such competing entity or (C) serving as a director of any entity which derives less than ten percent (10%) of its sales and income from competing
businesses. 
  

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 (d) Non-Solicitation. Executive agrees that any attempt on the part of Executive to induce others
to leave the Company’s employ, or any effort by Executive to interfere with the Company’s relationship with its employees would be harmful and damaging to the Company. Executive agrees that while employed by the Company and for a period of
one (1) year after the termination of his employment, voluntarily or involuntarily, Executive will not in any way, directly or indirectly (i) induce or attempt to induce any employee of the Company to quit employment with the Company; (ii) otherwise
interfere with or disrupt the Company’s relationship with its employees; (iii) solicit, entice, or hire away any employee of the Company; or (iv) hire or engage any employee of the Company or any former employee of the Company whose employment
with the Company ceased less than one (1) year before the date of such hiring or engagement. 
  
 (e) Assignment. Executive shall disclose fully, promptly and in writing to the Company his entire right, title and interest in all Developments that are made, conceived, or developed by Executive, in whole or
in part, alone or jointly with others. Such assignment shall include, without limitation, all Intellectual Property Rights in such Developments. “Developments” as used in this Agreement shall mean all inventions, designs, work, materials,
discoveries, developments, ideas, concepts, techniques, know-how, software, documentation, improvements, enhancements, modifications or other works of authorship, whether patentable or copyrightable or not, which Executive has conceived, made or
developed, in whole or in part, solely, jointly or with others, during his employment with the Company and thereafter which result from, directly or indirectly, or are suggested by, the carrying out of Executive’s employment duties, or from or
by any information that Executive may receive as a result of business, work or activities relating to his employment. “Intellectual Property Rights” as used in this Agreement shall mean all forms of intellectual property rights and
protections that may be obtained for, or may pertain to, the confidential information (described in Section 6(a) of this Agreement) and Developments and may include, without limitation, all right, title and interest in and to (i) all Letters Patent
and all filed, pending or potential applications for Letters Patent, including any reissue, reexamination, division, continuation or continuation-in-part applications throughout the world now or hereafter filed; (ii) all trade secrets, and all trade
secret rights and equivalent rights arising under the common law, state law, Federal law and laws of foreign countries; (iii) all mask works, copyrights other literary property or author’s rights, whether or not protected by copyright or as a
mask work, under common law, state law, Federal law and laws of foreign countries; and (iv) all proprietary indicia, trademarks, tradenames, symbols, logos and/or brand names under common law, state law, Federal law and laws of foreign countries.
All Developments of Executive shall be considered work(s) made by Executive for hire for the Company as defined by 17 U.S.C. § 101 and shall belong exclusively to the Company and its designees. If by operation of law or for any other reason,
any of the Developments, including all related Intellectual Property Rights, does not constitute a work made for hire or is not owned in its entirety by the Company automatically upon creation thereof, then Executive agrees to irrevocably assign,
transfer and convey, and does hereby irrevocably assign, transfer and convey, to the 
  
  
  

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 Company and its designees the ownership of such Developments, including all related Intellectual Property Rights.
Executive agrees to take all such actions as may be requested by the Company at any time with respect to any Developments, to confirm or evidence the Company’s ownership and Executive’s assignment, transfer and conveyance of such
Developments. Furthermore, at any time, and from time to time, upon the request of the Company, Executive shall execute and deliver to the Company any and all instruments, documents and papers, give evidence and do any and all other acts that, in
the opinion of the Company, are or may be necessary or desirable to document such assignment, transfer and conveyance, or to enable the Company to file and prosecute applications for and to acquire, maintain and enforce any and all patents,
trademark registrations or copyrights, under United States or foreign law with respect to any such Developments or to obtain any extension, validation, reissue, continuance or renewal of any such patent, trademark or copyright. 
  
 (f) Non-solicitation of Business. Executive covenants and agrees that
during his employment with the Company and for a period of two (2) years after the termination of his employment, voluntarily or involuntarily, Executive will not divert or attempt to divert from the Company any business the Company had enjoyed or
solicited from its customers during the two (2) years prior to termination of this Agreement. 
  
 (g) Enforcement. Executive agrees and warrants that the covenants contained herein are reasonable, that valid consideration has been and shall be received thereof and that the agreements set forth herein are
the result of armslength negotiations between the parties hereto. Executive recognizes that the provisions of this Section 6 are vitally important to the continuing welfare of the Company and its affiliates, and that money damages constitute a
totally inadequate remedy for any violation thereof. It is further recognized and agreed that the obligations of Executive under this Agreement are of a unique and special nature, and Executive acknowledges and agrees that any violation thereof by
Executive will result in immediate and irreparable harm to the Company or its affiliates. Accordingly, in the event of any such violation by Executive, the Company and its affiliates, in addition to any other remedies they may have, shall have the
right to institute and maintain a proceeding to compel specific performance thereof or to issue an injunction or other equitable relief in addition to other rights or remedies which the Company or its affiliates may have at law or in equity.
Executive hereby waives the right to assert the defense that any such breach or violation can be adequately compensated in damages in an action at law. 
  
 7. Termination of Employment 
  
 (a) Death or Disability. Executive’s employment under this Agreement shall terminate upon Executive’s death or termination for
Disability. If, as a result of Executive’s incapacity due to physical or mental illness, Executive shall have been absent from the full-time performance of Executive’s duties with the Company for 
  
  
  

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 six (6) consecutive months, and within thirty (30) days after written notice of termination is given Executive shall not
have returned to the full-time performance of Executive’s duties, Executive’s employment shall be deemed terminated for “Disability.” 
  
 (b) Termination by the Company. The Company may terminate Executive’s employment with or without Cause by giving written Notice of Termination
(as defined below) to Executive. Termination by the Company of Executive’s employment for “Cause” shall mean termination (i) upon the willful and continued failure by Executive to substantially perform Executive’s duties with the
Company (other than any such failure resulting from Executive’s incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Executive by the Chief Executive Officer, which demand
specifically identifies the manner in which the Chief Executive Officer believes that Executive has not substantially performed Executive’s duties, and Executive is given a reasonable opportunity to remedy such identified failure to perform, or
(ii) the willful engaging by Executive in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise. For purposes of this subsection, no act, or failure to act, on Executive’s part shall be deemed
“willful” unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that Executive’s action or omission was in the best interest of the Company. Notwithstanding the foregoing, Executive shall not
be deemed to have been terminated for Cause unless and until there shall have been delivered to Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters (3/4) of the entire membership of the Board at a
meeting of the Board called and held for such purpose (after reasonable notice to Executive and an opportunity for Executive, together with Executive’s counsel, to be heard before the Board), finding that in the good faith opinion of the Board
Executive was guilty of conduct set forth above in this subsection and specifying the particulars thereof in detail. 
  
 (c) Termination by Executive. Executive may resign from his employment with the Company by giving at least sixty (60) days prior written Notice of
Termination to the Company. 
  
 (d) Notice of Termination.
Any purported termination of Executive’s employment shall be communicated by written Notice of Termination. In the case of a termination by the Company, “Notice of Termination” shall mean a notice that shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. 
  
 (e) Date of Termination. “Date of Termination” shall mean
(i) if Executive’s employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that Executive shall not have returned to the full-time performance of Executive’s duties during such thirty
(30)-day period), and (ii) if Executive’s employment is terminated pursuant to subsection (b) above or for any other reason (other than Disability), the date specified in the Notice of Termination (which, in 
  
  

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 the case of a termination for Cause shall not be less than thirty (30) days from the date such Notice of Termination is
given); provided, however, that if within fifteen (15) days after any Notice of Termination is given, or, if later, prior to the Date of Termination, the party receiving such Notice of Termination notifies the other party that a dispute exists
concerning the termination, then the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, or by a binding arbitration award; and provided, further, that the Date of
Termination shall be extended by a notice of dispute only if such notice is given in good faith and the party giving such notice pursues the resolution of such dispute with reasonable diligence. Notwithstanding the pendency of any such dispute, the
Company will continue to pay Executive Executive’s full compensation in effect when the notice giving rise to the dispute was given (including, but not limited to, base salary) and continue Executive as a participant in all compensation,
benefit and insurance plans in which Executive was participating when the notice giving rise to the dispute was given, until the Date of Termination as determined accordance with this Subsection. Amounts paid under this Subsection are in addition to
all other amounts due under this Agreement, and shall not be offset against or reduce any other amounts due under this Agreement and shall not be reduced by any compensation earned by Executive as the result of employment by another employer.

  
 8. Compensation During Disability or Upon Termination.
This Section 8 shall apply to any termination of Executive’s employment other than any termination subject to Section 9. In the event that Executive’s employment is terminated under the circumstances described in Section 9, this Section 8
shall not be applicable. 
  
         (a) Disability. During any period that Executive fails to perform Executive’s full-time duties with the Company as a result of incapacity due to physical or mental illness,
Executive shall continue to receive Executive’s base salary at the rate in effect at the commencement of any such period, until this Agreement is terminated pursuant to Section 7(a) hereof. Thereafter, or in the event Executive’s
employment shall be terminated by reason of Executive’s death, Executive’s benefits shall be determined under the Company’s retirement, insurance, disability and other compensation programs then in effect in accordance with the terms
of such programs. 
  
         (b) By the Company For Cause or by Executive. If Executive’s employment shall be terminated by the Company for Cause or by Executive for any reason, the Company shall pay Executive
his or her full Base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given, plus all other amounts to which Executive is entitled under any compensation plan of the Company at the time such payments
are due, and the Company shall have no further obligations to Executive under this Agreement. 
  

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         (c) By the Company Other Than For Cause. If
Executive’s employment is terminated by the Company other than for Cause, Executive shall be entitled to the following: 
  
                 (i) Payment of Compensation. No later than the
fifth day following the Date of Termination, the Company shall pay Executive’s full Base Salary through the Date of Termination at the rate in effect at the time Notification of Termination is given, plus all other amounts to which Executive is
entitled under any incentive, bonus or other compensation plan of the Company, at the time such payments are due; 
  
                 (ii) Severance. The Company will pay salary
continuation to Executive, at Executive’s most recent rate of pay less standard deductions and tax withholdings, according to the following schedule: 
  

			
	Months of Service

	  	 Severance Benefit

		
	0–24 months	  	52 weeks + an additional number of weeks equal to the number of full years of Executive’s service with the Company prior to the Date of Termination.
		
	25–60 months	  	78 weeks + an additional number of weeks equal to the number of full years of Executive’s service with the Company prior to the Date of Termination.
		
	61+ months	  	104 weeks + an additional number of weeks equal to the number of full years of Executive’s service with the Company prior to the Date of Termination;

  
                 (iii) During the period of time that Executive shall be receiving severance benefits according to the foregoing schedule, or such lesser period
to Executive’s 65th birthday, the Company shall arrange to provide Executive with life, disability, accident and group health insurance benefits substantially similar to those which Executive was receiving immediately prior to the commencement
of such severance period. Benefits otherwise receivable by Executive pursuant to this paragraph (iii) shall be reduced to the extent comparable benefits are actually received by Executive during such period following Executive’s termination,
and any such benefits actually received by Executive shall be reported to the Company; and 
  
                 (iv) The Company’s obligations to indemnify and defend Executive with respect to matters arising out of
Executive’s performance during the Term shall continue after Executive’s termination to the same extent that they existed prior to such termination. The Company will, at all times, maintain in force and effect Directors and Officers
Liability Insurance. 
  
  

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         (d) Release. Payment of the severance pay set
forth in Section 8(c)(ii) to Executive shall be conditioned upon Executive executing and delivering a release satisfactory to the Company releasing the Company and affiliated companies and persons from any and all claims, demands, damages, actions
and/or causes of action whatsoever, which he may have had on account of the termination of his employment, including, but not limited to claims of discrimination, including on the basis of sex, race, age, national origin, religion, or handicapped
status (with all applicable periods during which Executive may revoke the release or any provision thereof having expired), and any and all claims, demands and causes of action under any retirement or welfare benefit plan of the Company (as defined
in the Employee Retirement Income Security Act of 1974, as amended), other than under the Company’s 401(k) plan and the Qualified Plan (as hereinafter defined), severance or other termination pay. Such release shall not, however, apply to the
ongoing obligations of the Company arising under this Agreement, or any rights of indemnification Executive may have under the Company’s policies or by contract or by statute. 
  
 9. Change in Control. 
  
         (a) For purposes of this Agreement, a “Change in Control of the Company” shall be deemed to have
occurred upon the first to occur of the following events: 
  
                 (i) any person, or more than one person acting as a group, (other than Saratoga or the Management Investors, as such terms are defined in the
Stockholders’ Agreement, dated December 1, 1997, by and among the Company, Saratoga Partners III, LP and the Management Investors) acquires ownership of stock of the Company that, together with the stock held by such person or group, represents
a majority of the total voting power of the stock of the Company (“Change in Ownership”); or, 
  
                 (ii) during any twelve month period, a majority of the
Company’s Board is replaced by new directors whose appointment or election is not endorsed by a majority of the Company’s Board (“Change in Effective Control”); or, 
  
                 (iii) during any twelve
month period, any one person, or more than one person acting as a group, acquires assets from the Company having a total fair market value equal to or more than one-third (1/3) of the total fair market value of all of the assets of the Company
immediately prior to such acquisition (s) and Executive is employed in the business which relates to the assets transferred (“Change in Ownership of Substantial Assets”); notwithstanding the preceding, a Change in Ownership of Substantial
Assets does not occur when assets are transferred to (i) a shareholder in exchange for stock; (ii) an entity that is at least fifty (50%) percent owned, directly or indirectly, by the Company; (iii) a person, or more than one person acting as a
group, that owns at least fifty (50%) percent of the total value or voting power of the stock of the Company; or, (iv) an entity that is at least fifty (50%) percent 
  

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 owned by a person, or more than one person acting as a group, that owns at least fifty (50%) percent of the total value
or voting power of the stock of the Company; or, 
  
                 (iv) the Company’s termination of its business and liquidation of its assets; or, 
  
                 (v) the reorganization, merger or consolidation of the Company into or with another person or entity, by which reorganization, merger or
consolidation the shareholders of the Company receive less than fifty percent (50%) of the outstanding voting shares of the new or continuing corporation. 
  
 For purposes of the preceding Change in Ownership, Change in Effective Control and Change in Ownership of Substantial Assets, persons are considered to be
acting as a group when such persons are owners of an entity that enters into a merger, consolidation, purchase or acquisition of stock, or a similar business transaction with the Company. Persons are not considered to be acting as a group merely
because such persons happen to purchase or own stock of the Company at the same time or as a result of the same public offering. 
  
         (b) Termination Following Change in Control. If any of the events, described in Section 9(a)
constituting a Change in Control of the Company shall have occurred, Executive shall be entitled to the benefits provided in subsection (c) below if Executive shall be required to relocate his primary office to a location greater than 50 miles from
the then current location of Executive’s office or upon the termination of Executive’s employment by the Company for any reason other than for Cause or by reason of Executive’s Disability: 
  
                 (i) during the two-year period following such Change in Control or the extended term of this Agreement; or 
  
                 (ii) prior to the date on which a Change in Control of the Company occurs, if it can be reasonably demonstrated by Executive that such
termination of employment was (1) at the request of a third party who has taken steps reasonably calculated to effect a Change in Control or (2) otherwise arose in connection with or anticipation of a Change in Control. 
  
         (c) Compensation Upon
Termination 
  
  
         In the event that a termination of employment of Executive occurs under the circumstances set forth in Section 9(b) above: 
  
                 (i) No later than the fifth day following the Date of Termination, the Company shall pay to Executive his full Base Salary through the Date of
Termination at the rate in effect at the time Notice of Termination is given; 
  
  

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                 (ii) In
lieu of any further salary payments to Executive for periods subsequent to the Date of Termination, the Company shall pay as severance pay to Executive, at the time specified in subsection (d) below, a lump sum severance payment (together with the
payments provided in paragraph (iii), below, the “Severance Payments”) equal to two, or if less, the number of years, including fractional years, from the Date of Termination until Executive reaches age 65 times the sum of (1)
Executive’s annual Base Salary as in effect as of the Date of Termination or immediately prior to the Change in Control of the Company, whichever is greater, and (2) one-half of the sum of the amounts awarded to Executive under the applicable
incentive plan and bonus plans in respect of each of the two calendar years preceding that in which occurs the Date of Termination or that in which occurs the Change in Control, whichever is greater; 
  
                 (iii) In lieu of any payments under the executive incentive plan or other bonus plan in effect for the year in which Executive’s Date of
Termination occurs, the Company shall pay Executive, at the time specified in subsection (d) below, a pro rata portion of all contingent awards granted under such plans for all uncompleted periods, assuming for this purpose that the amount of each
award that would have been paid upon completion of such period would at least equal the average of the payments from the Executive Incentive Plan for the previous two (2) years, and basing such pro rata portion upon the portion of the award period
that has elapsed as of the Date of Termination; 
  
                 (iv) In addition to the retirement benefits to which Executive is entitled under the Retirement Plan of Koppers Industries, Inc. and
Subsidiaries for Salaried Executives (the “Qualified Plan”) and the Company’s “excess benefit plans” (the “Supplemental Plan”) or any successor plans thereto, lump sum payment equal to the excess of (1) over (2),
where (1) equals the sum of (A) the aggregate retirement pension to which Executive would have been entitled under the terms of the Qualified Plan (without regard to any amendment to the Qualified Plan made subsequent to the Change in Control of the
Company, which amendment adversely affects in any manner the computation of retirement benefits under such plan), determined as if Executive had accumulated thereunder two (2) additional years of Credited Service or such lesser number of years of
Credited Service, including fractional years, to Executive’s 65th birthday (after any termination pursuant to Section 9(b)) at Executive’s rate of Base Salary in effect on the Date of Termination, and (B) the retirement pension to which
Executive would have been entitled under the terms of the Supplemental Plan, determined as if Executive had accumulated thereunder two (2) additional Years of Service or such lesser number of Years of Service, including fractional years, to
Executive’s 65th birthday (after any termination pursuant to Section 9(b)) at Executive’s rate of Base Salary in effect on the Date of Termination; and where (2) equals the sum of (A) the aggregate retirement pension to which Executive is
entitled pursuant to the provisions of the Qualified Plan, and (B) the retirement pension to which Executive is entitled pursuant to the provisions of the Supplemental Plan. The supplemental pension benefit determined under the paragraph (d) shall
be payable by the Company in a lump sum payment using the discount specified in the Qualified Plan. 
  

 13 

 Benefits hereunder which commence prior to age 60 with 25 years of service, or age 55 with 10 years of service, shall be
actuarially reduced to reflect early commencement in accordance with the terms of any such Plan or Plans. All defined terms used in this paragraph (iv) shall have the same meaning as in the Qualified Plan, unless otherwise defined herein or
otherwise required by the context; 
  
                 (v) The Company shall pay to Executive all reasonable legal fees and expenses incurred by Executive as a result of such termination (including
all such fees and expenses, if any, incurred in contesting or disputing any such termination or in seeking to obtain or enforce any right or benefit provided by this Agreement), unless the decision-maker in any proceeding, contest or dispute arising
hereunder makes a formal finding that Executive did not have a reasonable basis for contesting or disputing such proceeding; 
  
                 (vi) For a twenty-four (24) month period or for the term
of this Agreement, whichever is later, or such lesser period to Executive’s 65th birthday after such termination, the Company shall arrange to provide Executive with life, disability, accident and group health insurance benefits substantially
similar to those which Executive was receiving immediately prior to the Notice of Termination. Benefits otherwise receivable by Executive pursuant to this paragraph (vi) shall be reduced to the extent comparable benefits are actually received by
Executive during the twenty-four (24) month period following Executive’s termination, and any such benefits actually received by Executive shall be reported to the Company; and 
  
                 (vii) The Company’s
obligations to indemnify and defend Executive with respect to matters arising out of Executive’s performance during the Term shall continue after Executive’s termination to the same extent that they existed prior to such termination. The
Company will, at all times, maintain in force and effect Directors and Officers Liability Insurance. 
  
         (d) Except as provided in subsection (f) hereof, the payments provided for in subsections (c) (ii) and
(iii), above, shall be made not later than the fifth day following the Date of Termination; provided, however, that if the amounts of such payments cannot be finally determined on or before such day, the Company shall pay to Executive on such day an
estimate, as determined in good faith by the Company, of the minimum amount of such payments and shall pay the remainder of such payments (together with interest at the rate provided in section 1274(b)(2)(B) of the Internal Revenue Code as amended
(the “Code”)) as soon as the amount thereof can be determined, but in no event later than the thirtieth day after the Date of Termination. In the event that the amount of the estimated payments exceeds the amount subsequently determined to
have been due, such excess shall constitute a loan by the Company to Executive, payable on the fifth day after demand by the Company (together with interest at the rate provided in section 1274(b)(2)(B) of the Code). 
  

 14 

         (e) Except as provided in subsection (c)(vi) hereof,
Executive shall not be required to mitigate the amount of any payment provided for in this Section by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Section 9 be reduced by any compensation
earned by Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by Executive to the Company, or otherwise. 
  
         (f) Notwithstanding the provisions of this Section 9, in no event shall the
aggregate present value of “parachute payments” as defined in Section 280G of the Code, exceed three times Executive’s “base amount”, as defined in Section 280G(b)(3) of the Code. If the preceding limitation is exceeded,
then Executive’s payments and benefits in this Section 9 shall be reduced to the extent necessary to cause the total payments and “parachute payments” to comply with the limitation. 
  
         (g) Executive’s
entitlement to the benefits set forth in Sections 9(c)(ii), (iii), (iv), (v) and (vi) shall be conditioned upon Executive executing and delivering a release satisfactory to the Company releasing the Company and affiliated companies and persons from
any and all claims, demands, damages, actions and/or causes of action whatsoever, which he may have had on account of the termination of his employment, including, but not limited to claims of discrimination, including on the basis of sex, race,
age, national origin, religion, or handicapped status (with all applicable periods during which Executive may revoke the release or any provision thereof having expired), and any and all claims, demands and causes of action under any retirement or
welfare benefit plan of the Company (as defined in the Employee Retirement Income Security Act of 1974, as amended), other than under the Company’s 401(k) plan and the Qualified Plan, severance or other termination pay. Such release shall not,
however, apply to the ongoing obligations of the Company arising under this Agreement, or any rights of indemnification Executive may have under the Company’s policies or by contract or by statute. 
  
 10. Successors: Binding Agreement. 
  
         (a) The Company will require
any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 
  
         (b) This Agreement shall inure to the benefit of and be enforceable by Executive and Executive’s
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Executive 
  
  

 15 

 should die while any amount would still be payable to Executive hereunder had Executive continued to live, all such
amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to our devisee, legatee or other designee or, if there is no such designee, to Executive’s estate. 
  
 11. Notice. For the purpose of this Agreement, notices and all other
communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth on the signature page of this Agreement, provided that all notice to the Company shall be directed to the attention of the Board with a copy to the Secretary of the Company, or to such other address as either party may
have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 
  
 12. Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to
in writing and signed by Executive and such officer as may be specifically designated by the Board. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. The validity interpretation, construction and performance of this Agreement shall be governed by the laws of the Commonwealth of
Pennsylvania without regard to its conflicts of law principles. All references to sections of the Exchange Act or the Code shall be deemed also to refer to any successor provisions to such sections. Any payments provided for hereunder shall be paid
net of any applicable withholding required under federal, state or local law. The obligations of the Company under Sections 8 and 9 shall survive the expiration of the term of this Agreement. 
  
 13. Validity. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
  
 14. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together
will constitute one and the same instrument. 
  
 15. Dispute
Resolution. 
  
         (a) Negotiation. If a dispute or controversy arises under or in connection with this Agreement, the parties agree first to try in good faith to settle the dispute or controversy. Any
party may initiate the negotiation process by written notice 
  

 16 

 to the others, identifying the dispute or controversy and the desire for negotiation. 
  
         (b) Arbitration. If
the parties have not resolved the dispute or controversy by direct negotiations within thirty (30) days of such notice, any party may initiate arbitration as herein provided. All disputes or controversies arising under or in connection with this
Agreement which are not resolved by negotiation shall be decided by arbitration in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association, provided, however, that any such arbitration shall be before a single
arbitrator selected by agreement of the parties. Judgment upon the award or decision of the arbitrator may be entered and enforced in any court of competent jurisdiction. In the event that the parties cannot agree upon the selection of an
arbitrator, the parties agree that the American Arbitration Association in Pittsburgh, Pennsylvania will select the arbitrator. Notwithstanding the foregoing to the contrary, a party shall not be prohibited or precluded from seeking equitable relief
in a court of competent jurisdiction without first resorting to the dispute resolution provisions of this Section 15 in circumstances in which a party’s interests or property will otherwise be compromised. It is specifically intended by the
parties that if any equitable relief is granted by an arbitrator, said relief may be enforced in any court of competent jurisdiction. The forum of such arbitration shall be in Pittsburgh, Pennsylvania to the exclusion of all other jurisdictions.

  
         (c) Notice
of Decision. The arbitrator shall promptly notify the parties in writing of the decision, together with the amount of any dispute resolution costs arising with respect thereto (the “Notice of Decision”). The Notice of Decision need not
contain an explanation of the decision or grounds thereof. 
  
         (d) Costs and Fees. All dispute resolution costs, which shall include any fee for the arbitrator for services rendered shall be borne by the Company. Each party is to pay its own
counsel fees and expenses. 
  
 16. Severability and
Reformation. The provisions of this Agreement shall be deemed to be divisible so that in the event that any of the provisions of this Agreement shall be held to be invalid or unenforceable in whole or in part, those provisions to the extent
enforceable and all other provisions shall nevertheless continue to be valid and enforceable as though the invalid or unenforceable parts had not been included in this Agreement. In the event that any provision of this Agreement (including, but not
limited to, any provision related to a time period, geographical area or scope of restriction) shall be declared by a court of competent jurisdiction to exceed the maximum limitations or restrictions such court deems reasonable and enforceable, then
such provision shall be deemed modified and reformed so as to be valid and enforceable to the maximum extent lawfully permitted. 
  
 17. Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and
supersedes all prior agreements, promises, covenants, arrangements, communications, 
  
  

 17 

 representations or warranties; whether oral or written, by any officer, employee or representative of any party hereto;
and any prior agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and canceled. 
  
 18. Withholding. All compensation paid under this Agreement shall be subject to all applicable tax withholding. 
  
 IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement as of the day and year first above written. 
  

			
		
	THE COMPANY:	 	EXECUTIVE:
	  
 /s/    W. W. Turner

 Signature
	 	  
 /s/    Brian H. McCurrie

 Signature

		
	 W. W. Turner

 Name
	 	 Brian H. McCurrie

 Name

		
	 President and Chief Executive Officer

 Title
	 	 Vice President, Chief Financial Officer

 Title

		
	 436 Seventh Avenue

 Address
	 	 436 Seventh Avenue

 Address

		
	 Pittsburgh, PA 15219-1800

  
 October 13, 2003

 Date
	 	 Pittsburgh, PA 15219-1800

  
 October 13, 2003

 Date

  

 18

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