Document:

EX-10.4

 Exhibit 10.4 
 FIRST AMENDMENT TO THE GEORGIA GULF CORPORATION 
 2011 EQUITY AND
PERFORMANCE INCENTIVE PLAN 
 This First Amendment to the Georgia Gulf Corporation 2011 Equity and Performance Incentive
Plan (this “Plan Amendment”) is made as of January 28, 2012 by the Board of Directors (the “Board”) of Georgia Gulf Corporation, a Delaware corporation (the “Company”).
This Plan Amendment will be effective for all awards granted under the Georgia Gulf 2011 Equity and Performance Incentive Plan (the “Plan”) only after the effective date of this Plan Amendment as described herein. 

WHEREAS, on March 25, 2011, the Board approved and adopted, subject to the approval of the Company’s stockholders at the
Company’s 2011 annual meeting of stockholders, the Plan; 
 WHEREAS, on May 17, 2011, the Company’s stockholders
approved the Plan; 
 WHEREAS, the Company has entered into the Merger Agreement, dated as of July 18, 2012 (the
“Merger Agreement”), by and among the Company, PPG Industries, Inc., Eagle Spinco Inc. and Grizzly Acquisition Sub, Inc.; 
 WHEREAS, it is the desire of the Company to amend the Plan, subject to the approval by the Company’ stockholders and effective as of the date the transactions contemplated by the Merger Agreement are
consummated, to: (1) increase the maximum number of shares of Common Stock that may be issued or transferred under the Plan; (2) permit the grant of awards in substitution for or conversion of stock or stock-based awards held by awardees
of an entity engaging in a corporate acquisition or merger transaction with the Company or any subsidiary, with the shares of Common Stock delivered under the substituted or converted award not counting against the share limit or other limits on the
number of shares of Common Stock available for issuance under the Plan; and (3) limit the aggregate amount of stock or stock-based awards which a non-employee director may be granted under the Plan during any calendar year to a value as of
their respective Dates of Grant of $300,000. 
 WHEREAS, the Board may amend the Plan, subject to the approval by the
Company’s stockholders and conditioned upon the consummation of the transactions contemplated by the Merger Agreement, under Section 19(a) of the Plan to make the changes described above. 

NOW, THEREFORE, subject to the approval by the Company’ stockholders and effective as of the date the transactions contemplated by
the Merger Agreement are consummated, the Board hereby amends the Plan as follows: 
 1. Amendment to Section 3(a)(i) of
the Plan. Section 3(a)(i) of the Plan is hereby amended and restated in its entirety as follows: 

“(i) Subject to adjustment as provided in Section 12 of this Plan, the number of shares of Common Stock that may
be issued or transferred (A) upon the exercise of Option Rights or Appreciation Rights, (B) as Restricted Stock and released from substantial risks of forfeiture thereof, (C) in payment of Restricted Stock Units, (D) in payment
of Performance 

 
Shares or Performance Units that have been earned, (E) as awards to non-employee Directors, (F) as awards contemplated by Section 10 of this Plan, or (G) in payment of
dividend equivalents paid with respect to awards made under the Plan will not exceed in the aggregate 3,600,000 shares of Common Stock. Such shares may be shares of original issuance or treasury shares or a combination of the foregoing.”

 2. Section 3(c)(iv) of the Plan. Section 3(c)(iv) of the Plan is hereby added as follows: 

“(iv) Notwithstanding anything in this Section 3(c) to the contrary, during any calendar year, no non-employee
Director will be granted stock or stock-based awards under this Plan that, in the aggregate, have a value as of their respective Dates of Grant in excess of $300,000.” 
 3. Section 9 of the Plan. Section 9 of the Plan is hereby amended and restated in its entirety as follows: 

“Awards to Non-Employee Directors. Subject to the limits set forth in Section 3(c) and Section 3(d)
of this Plan, the Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting to non-employee Directors of Option Rights, Appreciation Rights or other awards contemplated by Section 10 of this
Plan and may also authorize the grant or sale of shares of Common Stock, Restricted Stock or Restricted Stock Units to non-employee Directors. Each grant of an award to a non-employee Director will be upon such terms and conditions as approved by
the Committee, and will be evidenced by an Evidence of Award in such form as will be approved by the Committee. Each grant will specify in the case of an Option Right an Option Price per share, and in the case of a Free-Standing Appreciation Right,
a Base Price per share, which will not be less than the Market Value per Share on the Date of Grant. Each Option Right and Free-Standing Appreciation Right granted under the Plan to a non-employee Director will expire not more than 10 years from the
Date of Grant and will be subject to earlier termination as hereinafter provided. If a non-employee Director subsequently becomes an employee of the Company or a Subsidiary while remaining a member of the Board, any award held under this Plan by
such individual at the time of such commencement of employment will not be affected thereby. Non-employee Directors, pursuant to this Section 9, may be awarded, or may be permitted to elect to receive, pursuant to procedures established by the
Board, all or any portion of their annual retainer, meeting fees or other fees in shares of Common Stock, Restricted Stock, Restricted Stock Units or other awards under the Plan in lieu of cash.” 

  
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 4. Amendment to Section 22(j) of the Plan. Section 22(j) of the Plan is
hereby added as follows: 
 “(j) Awards may be granted under this Plan in substitution for or conversion of,
or in connection with an assumption of, option rights, appreciation rights, restricted stock, restricted stock units or other stock or stock-based awards held by awardees of an entity engaging in a corporate acquisition or merger transaction with
the Company or any Subsidiary. Any conversion, substitution or assumption will be effective as of the close of the merger or acquisition. The awards so granted may reflect the original terms of the awards being assumed or substituted or converted
for and need not comply with other specific terms of this Plan, and may account for Common Stock substituted for the securities covered by the original awards and the number of shares subject to the original awards, as well as any exercise or
purchase prices applicable to the original awards, adjusted to account for differences in stock prices in connection with the transaction. Any shares of Common Stock that are issued or transferred, and any awards that are granted by or become
obligations of the Company, under this Section 22(j) will not reduce the Common Stock available for issuance or transfer under the Plan or otherwise count against the limits contained in Section 3 of the Plan.” 

5. Miscellaneous. 
 (a) Except as amended by this Plan Amendment, the Plan shall remain in full force and effect. 
 (b) Capitalized terms used but not defined in this Plan Amendment have the respective meanings ascribed thereto in the Plan. 

  
 3Compensation of Directors

 Exhibit 10.21 

 
 UNITIL CORPORATION 

 
 Compensation of Directors 

 
 On December 13, 2012, the Board of Directors of Unitil Corporation
(“Unitil”) approved and adopted a revised compensation arrangement for members of the Board of Directors. The revised compensation arrangement became effective as of January 1, 2013. 

 
 The revised compensation arrangement applies to members of the Board of
Directors who are not employees of Unitil or any of its subsidiaries. The following table summarizes the material terms of the revised compensation arrangement. 
  

					
	 Category
	  	 Description
	  	 Amount

			
	 Board of Directors –

Annual Cash Retainer
	  	Each member of the Board of Directors will receive an annual cash retainer. Unitil will pay one-fourth of the annual cash retainer on the first business day of each fiscal
quarter.	  	$50,000 per year
			
	 Board of Directors –

Annual Equity Retainer
	  	Each member of the Board of Directors will receive an annual equity retainer. Unitil will issue the equity retainer on the first business day of October each year. Each member of
the Board may elect to receive restricted stock units (with any phantom dividends reinvested in additional restricted stock units), in lieu of Unitil’s common stock, as his or her annual equity retainer.	  	$45,000 per year (payable in kind as common stock or restricted stock units)
			
	 Board of Directors –

Special Meetings
	  	Each member of the Board of Directors will receive a fee for each special meeting of the Board of Directors that such member attends in person.	  	$2,000 per special meeting
			
	 Committees –

Annual Cash Retainer for Chair
	  	Each chair of a committee of the Board of Directors will receive an annual cash retainer. Unitil will pay one-fourth of the annual cash retainer on the first business day of each
fiscal quarter.	  	$8,000 per committee per year
			
	 Committees –

Annual Cash Retainer for Non-Chair Members
	  	Each non-chair member of a committee of the Board of Directors will receive an annual cash retainer. Unitil will pay one-fourth of the annual cash retainer on the first business day
of each fiscal quarter.	  	$3,000 per committee per year

  
 In addition, Unitil will reimburse each
member of the Board of Directors for reasonable expenses that such member incurs in connection with attending meetings of the Board of Directors or committees thereof.Form of CONSOL Stock Unit Award Agreement

 Exhibit 10.1 
 CONSOL ENERGY INC. 
 EQUITY INCENTIVE PLAN 

CONSOL STOCK UNIT AWARD AGREEMENT 
 This CONSOL Stock Unit Award Agreement set forth below (this “Agreement”) is dated as of the grant date (the “Grant Date”) set forth on Exhibit A and is between CONSOL
Energy Inc., a Delaware corporation (the “Company”), and the individual to whom the Compensation Committee of the Board of Directors (the “Committee”) of the Company has made this Performance Award and whose name is
set forth on Exhibit A (the “Participant”). 
 The Company has established the CONSOL Energy Inc. Equity
Incentive Plan, as amended (the “Plan”), to advance the interests of the Company and its stockholders by providing incentives to certain eligible persons who contribute significantly to the strategic and long-term performance
objectives and growth of the Company. Unless the context otherwise requires, all capitalized terms not otherwise defined in this Agreement have the same meaning given such capitalized terms in the Plan. 

Pursuant to the provisions of the Plan, the Committee has full power and authority to direct the execution and delivery of this Agreement
in the name and on behalf of the Company, and has authorized the execution and delivery of this Agreement. 
 Agreement

 1. CONSOL Stock Unit Award. Subject to and pursuant to all terms and conditions stated in this Agreement and in
the Plan, as of the Grant Date, the Company hereby grants a Performance Award to the Participant in the form of CONSOL stock units (the “Stock Units”) with the target number set forth on Exhibit A. Each Stock Unit awarded under this
Agreement shall represent a contingent right to receive one share of the Company’s common stock as described more fully herein, to the extent such Stock Unit is earned and becomes payable pursuant to the terms of this Agreement.
Notwithstanding, Stock Units as initially awarded have no independent economic value, but rather are mere units of measurement used for purposes of calculating the value of benefits, if any, to be paid under this Agreement. 

2. Performance Period. The “Performance Period” means the performance period as set forth on Exhibit A. 

3. Performance Goals of the Stock Units. Subject to the provisions of this Agreement, the total number of Stock Units awarded to
Participant will be earned (at a maximum award level of 150% of the target number of Stock Units awarded), if the performance measures set by and on file with the Committee are satisfied (each, a “Performance Goal”); provided,
however, that the Committee has sole discretion to determine whether the Performance Goals are met and the date of such determination shall be the vesting date of the Award (the “Vesting Date”) and provided, further, that the Award
will only become payable, except as otherwise provided herein, if the Participant remains an employee of the Company and its subsidiaries through the Vesting Date. As a condition to receiving this Award, Participant agrees that all determinations
made by the Committee are final and conclusive. 
 4. Issuance and Distribution. 

4.1 After the end of the Performance Period and prior to the commencement of the payment of Shares relating to the Award, the Committee
shall certify in writing the extent to which the Performance Goals and any other material terms of this Agreement have been achieved. For purposes of 

 
this provision, and for so long as the Code permits, the approved minutes of the Committee meeting in which the certification is made may be treated as written certification. 

4.2 Subject to the terms and conditions of this Agreement, Stock Units earned by the Participant will be settled and paid in Shares in
the first calendar year immediately following the end of the Performance Period on a date determined in the Committee’s discretion, but in no event later than March 15th of such year, subject to Participant’s satisfaction of all
applicable income and employment withholding taxes (the “Payment Date”). 
 4.3 Notwithstanding any other
provision of this Agreement, in the event of a Change in Control, the Performance Goals will be deemed to have been achieved (at a target award level of 100% of Stock Units awarded) and the value of such units will be settled on the closing date of
the Change in Control transaction (the “CiC Payment Date”); provided, further, in the event of a Change in Control, Stock Units may, in the Committee’s discretion, be settled in cash and/or securities or other property.

 5. Dividends. Each Stock Unit will be cumulatively credited with dividends that are paid on the Company’s common
stock in the form of additional units. These additional units shall be deemed to have been purchased on the record date for the dividend using the closing stock price of the Company’s common stock as reported in The Wall Street Journal and
shall be subject to all the same conditions and restrictions as provided in this Agreement applicable to Stock Units. 
 6.
Change in Participant’s Status. 
 6.1 In the event the Participant Separates from Service (i) on or after the
date the Participant has reached the age of 55 by reason of an “Early Retirement”, or is eligible for an “Incapacity Retirement” or has reached the age of 62 by reason of a “Normal Retirement,” (ii) on account of
death or Disability (other than an Incapacity Retirement), or (iii) by reason of a reduction in force as specified and implemented by the Company, prior to any Payment Date or the CiC Payment Date, as applicable, the Participant shall be
entitled to retain the Stock Units and receive payment therefore to the extent earned and payable pursuant to the provisions of this Agreement; provided, however, that in the case of a Separation from Service on account of Disability, the
Participant shall only be entitled to retain a prorated portion of the Stock Units determined at the end of the Performance Period and based on the ratio of the number of complete months the Participant is employed or serves during the Performance
Period to the total number of months in the Performance Period. In the event the Participant Separates from Service for any other reason, including, but not limited to, by the Participant voluntarily, or by the Company with Cause or without Cause
(other than in connection with a reduction in force as specified above), prior to any Payment Date or the CiC Payment Date, as applicable, the Stock Units awarded to the Participant shall be cancelled and forfeited, whether payable or not, without
payment by the Company or any Affiliate. Any payments due a deceased Participant shall be paid to his estate as provided herein after the end of the Performance Period. 
 6.2 For purposes of the Agreement, and except as provided above regarding age, the terms “Early Retirement,” “Incapacity Retirement” and “Normal Retirement,” shall have the
meanings ascribed thereto under the CONSOL Energy Inc. Employee Retirement Plan, as amended, or any successor thereto applicable to the Participant; provided, however, for purposes of the Agreement the Participant shall not be considered to have
Separated from Service on account of “Early Retirement” unless the Participant shall also have completed at least one year of continuous service with the Company after the Grant Date. 

  
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 7. Tax Consequences/Withholding. 

7.1 It is intended that: (i) the Participant’s Stock Units shall be considered to be subject to a substantial risk of
forfeiture in accordance with those terms as defined in Sections 409A and 3121(v)(2) of the Code; and (ii) the Participant shall have merely an unfunded, unsecured promise to be paid a benefit, and such unfunded promise shall not consist of a
transfer of “property” within the meaning of Code Section 83. 
 7.2 Participant acknowledges that any income for
federal, state or local income tax purposes, including payroll taxes, that the Participant is required to recognize on account of the vesting of the Stock Units and/or issuance of the Shares under this Award to Participant shall be subject to
withholding of tax by the Company. In accordance with administrative procedures established by the Company, Participant may elect to satisfy Participant’s minimum statutory withholding tax obligations, if any, on account of the vesting of the
Stock Units and/or issuance of Shares under this Award, in one or a combination of the following methods: in cash or by separate check made payable to the Company and/or by authorizing the Company to withhold from the Shares to be issued to the
Participant a sufficient number of whole Shares distributable in connection with this Award equal to the applicable minimum statutory withholding tax obligation. 
 7.3 This Agreement is intended to comply with, or be excepted from coverage under, Section 409A of the Code and the regulations promulgated thereunder and shall be administered, interpreted and
construed accordingly. Notwithstanding any provision of this Agreement to the contrary, if any benefit provided under this Agreement is subject to the provisions of Section 409A of the Code and the regulations issued thereunder (and not
excepted therefrom), the provisions of the Agreement shall be administered, interpreted and construed in a manner necessary to comply with Section 409A (or disregarded to the extent such provision cannot be so administered, interpreted, or
construed). Notwithstanding, Section 409A may impose upon the Participant certain taxes or other charges for which the Participant is and shall remain solely responsible, and nothing contained in this Agreement or the Plan shall be construed to
obligate any member of the Committee or Board, the Company or any Affiliate (or its employees, officers or directors) for any such taxes or other charges. 
 7.4 Notwithstanding any provision of this Agreement to the contrary, if the Award of Stock Units under this Agreement is intended to qualify as performance-based compensation under Section 162(m) of
the Code and the regulations issued thereunder and a provision of this Agreement would prevent such Award from so qualifying, such provision shall be administered, interpreted and construed to carry out such intention (or disregarded to the extent
such provision cannot be so administered, interpreted or construed). 
 8. Non-Competition. 

8.1 The Participant hereby agrees that this Section 8 is reasonable and necessary in order to protect the legitimate business
interests and goodwill of the Company, including the Company’s trade secrets, valuable confidential business and professional information, substantial relationships with prospective and existing customers and clients, and specialized training
provided to the Participant and other employees of the Company. The Participant acknowledges and recognizes the highly competitive nature of the business of the Company and its Affiliates and accordingly agrees that during the term of
Participant’s employment and for a period of two (2) years after the termination thereof: 

  
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 (a) The Participant will not directly or indirectly engage in any business substantially
similar to any line of business conducted by the Company or any of its Affiliates, including, but not limited to, where such engagement is as an officer, director, proprietor, employee, partner, investor (other than as a holder of less than 1% of
the outstanding capital stock of a publicly traded corporation), consultant, advisor, agent or sales representative, in any geographic region in which the Company or any of its Affiliates conducted business; 

(b) The Participant will not contact, solicit, perform services for, or accept business from any customer or prospective customer of the
Company or any of its Affiliates; 
 (c) The Participant will not directly or indirectly induce any employee of the Company or
any of its Affiliates to: (1) engage in any activity or conduct which is prohibited pursuant to subparagraph 8.1(a); or (2) terminate such employee’s employment with the Company or any of its Affiliates. Moreover, the Participant will
not directly or indirectly employ or offer employment (in connection with any business substantially similar to any line of business conducted by the Company or any of its Affiliates) to any person who was employed by the Company or any of its
Affiliates unless such person shall have ceased to be employed by the Company or any of its Affiliates for a period of at least 12 months; and 
 (d) The Participant will not directly or indirectly assist others in engaging in any of the activities, which are prohibited under subparagraphs (a) — (c) above. 

8.2 It is expressly understood and agreed that although the Participant and the Company consider the restrictions contained in this
Section 8 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against the Participant,
the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable against such
Participant. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the
enforceability of any of the other restrictions contained herein. The restrictive covenants set forth in this Section 8 shall be extended by any amount of time that the Participant is in breach of such covenants, such that the Company receives
the full benefit of the time duration set forth above. 
 9. Confidential Information and Trade Secrets. The Participant
and the Company agree that certain materials, including, but not limited to, information, data and other materials relating to customers, development programs, costs, marketing, trading, investment, sales activities, promotion, credit and financial
data, manufacturing processes, financing methods, plans or the business and affairs of the Company and its Affiliates, constitute proprietary confidential information and trade secrets. Accordingly, the Participant will not at any time during or
after the Participant’s employment with the Company (including any Affiliate) disclose or use for such Participant’s own benefit or purposes or the benefit or purposes of any other person, firm, partnership, joint venture, association,
corporation or other business organization, entity or enterprise other than the Company and any of its Affiliates, any proprietary confidential information or trade secrets, provided that the foregoing shall not apply to information which is not
unique to the Company or any of its Affiliates or which is generally known to the industry or the public other than as a result of such Participant’s breach of this covenant. The Participant agrees that upon termination of employment with the
Company (including any Affiliate) for any reason, the Participant will immediately return to the Company all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, which in any way relate to the
business of the Company and its Affiliates, except that the Participant may retain personal notes, 

  
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notebooks and diaries. The Participant further agrees that the Participant will not retain or use for the Participant’s own account at any time any trade names, trademark or other
proprietary business designation used or owned in connection with the business of the Company or any of its Affiliates. 
 10.
Remedies/Forfeiture. 
 10.1 The Participant acknowledges that a violation or attempted violation on the
Participant’s part of Sections 8 and/or 9 will cause irreparable damage to the Company and its Affiliates, and the Participant therefore agrees that the Company and its Affiliates shall be entitled as a matter of right to an injunction, out of
any court of competent jurisdiction, restraining any violation or further violation of such promises by the Participant or the Participant’s employees, partners or agents. The Participant agrees that such right to an injunction is cumulative,
in addition to whatever other remedies the Company (including any Affiliate) may have under law or equity and to the Participant’s obligations to make timely payment to the Company as set forth in Section 10.2 of this Agreement. The
Participant further acknowledges and agrees that the Participant’s Stock Units shall be cancelled and forfeited without payment by the Company if the Participant breaches any of his obligations set forth in Sections 8 and 9 herein. 

10.2 At any point after becoming aware of a breach of any obligation set forth in Sections 8 and 9 of this Agreement, the Company shall
provide notice of such breach to the Participant. By agreeing to receive the Stock Units pursuant to this Agreement, the Participant agrees that within ten (10) days after the date the Company provides such notice, the Participant shall pay to
the Company in cash an amount equal to any and all distributions paid to or on behalf of such Participant under this Agreement within the six (6) months prior to the date of the earliest breach. The Participant agrees that failure to make such
timely payment to the Company constitutes an independent and material breach of the terms and conditions of this Agreement, for which the Company may seek recovery of the unpaid amount as liquidated damages, in addition to all other rights and
remedies the Company may have resulting from the Participant’s breach of the obligations set forth in Sections 8 and/or 9. The Participant agrees that timely payment to the Company as set forth in this provision of this Agreement is reasonable
and necessary because the compensatory damages that will result from breaches of Sections 8 and/or 9 cannot readily be ascertained. Further, the Participant agrees that timely payment to the Company as set forth in this provision of this Agreement
is not a penalty, and it does not preclude the Company from seeking all other remedies that may be available to the Company, including without limitation those set forth in this Section 10. 

11. Assignment/Nonassignment. 
 11.1 The Company shall have the right to assign this Agreement, including without limitation Sections 8 and/or 9, and the Participant agrees to remain obligated by all provisions of this Agreement that
are assigned to any successor, assign or surviving entity. Any successor to the Company is an intended third party beneficiary of this Agreement. 
 11.2 The Stock Units shall not be sold, pledged, assigned, hypothecated, transferred or disposed of (a “Transfer”) in any manner, other than by will or the laws of descent and
distribution. Any attempt by the Participant to Transfer the Stock Units in violation of the terms of this Agreement shall render the Stock Units null and void, and result in the immediate forfeiture of such Stock Units, without payment by the
Company. 
 12. Impact on Benefit Plans. Payments under this Agreement shall not be considered as earnings for purposes
of the Company’s and/or Affiliate’s qualified retirement plans or any such retirement or benefit plan unless specifically provided for therein. Nothing herein shall prevent the 

  
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Company or any Affiliate from maintaining additional compensation plans and arrangements for its employees. 
 13. Successors; Changes in Stock. The obligation of the Company under this Agreement shall be binding upon the successors and assigns of the Company. If a dividend or other distribution shall be
declared upon the Company’s common stock payable in Shares, the Stock Units and the Shares on which the Performance Goals are based shall be adjusted by adding thereto the number of Shares which would have been distributable thereon if such
shares and Stock Units had been actual Shares and outstanding on the date fixed for determining the stockholders entitled to receive such stock dividend or distribution. In the event of any spin-off, split-off or split-up, dividend in property other
than cash, recapitalization or other change in the capital structure of the Company, or any merger, consolidation, reorganization, partial or complete liquidation or other distribution of assets (other than a normal cash dividend), or any other
corporate transaction or event having an effect similar to any of the foregoing, or extraordinary distribution to stockholders of the Company’s common stock, the Stock Units, the Shares relating to the Stock Units, and the Performance Goals
shall be appropriately adjusted to prevent dilution or enlargement of the rights of Participants which would otherwise result from any such transaction, provided such adjustment shall be consistent with Code Section 162(m) and
Section 409A, as applicable. 
 In the case of a Change in Control, any obligation under this Agreement shall be handled in
accordance with the terms of Section 4 hereof. In any case not constituting a Change in Control in which the Company’s common stock is changed into or becomes exchangeable for a different number or kind of shares of stock or other
securities of the Company or another corporation, or cash or other property, whether through reorganization, reclassification, recapitalization, stock split-up, combination of shares, merger or consolidation, then (i) the value of the Stock
Units constituting the Award shall be calculated based on the closing price of such common stock on the closing date of the transaction on the principal market on which such common stock is traded, (ii) there shall be substituted for each Stock
Unit constituting the Award, the number and kind of shares of stock or other securities (or cash or other property) into which each outstanding Share shall be so changed or for which each such Share shall be exchangeable, and (iii) the Share on
which the Performance Goals are based shall be appropriately and equitably adjusted, provided any such adjustments shall be consistent with Code Section 162(m) and Section 409A, as applicable. In the case of any such adjustment, the Stock
Units shall remain subject to the terms of the Agreement. 
 14. Governing Law, Jurisdiction, and Venue. 

14.1 This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the
principles of conflicts of law. 
 14.2 The Participant hereby irrevocably submits to the personal and exclusive jurisdiction of
the United States District Court for the Western District of Pennsylvania or the Court of Common Pleas of Allegheny County, Pennsylvania in any action or proceeding arising out of, or relating to, this Agreement (whether such action or proceeding
arises under contract, tort, equity or otherwise). The Participant hereby irrevocably waives any objection which the Participant now or hereafter may have to the laying of venue or personal jurisdiction of any such action or proceeding brought in
said courts. 
 14.3 Jurisdiction over, and venue of, any such action or proceeding shall be exclusively vested in the United
States District Court for the Western District of Pennsylvania or the Court of Common Pleas of Allegheny County, Pennsylvania. 

14.4 Provided that the Company commences any such action or proceeding in the courts identified in Section 14.3, the Participant
irrevocably waives the Participant’s right to object to or 

  
 6 

 
challenge the above selected forum on the basis of inconvenience or unfairness under 28 U.S.C. § 1404, 42 Pa. C.S. § 5322 or similar state or federal statutes. The Participant agrees to
reimburse the Company for all of the attorneys’ fees and costs it incurs to oppose the Participant’s efforts to challenge or object to litigation proceeding in the courts identified in Section 14.3 with respect to actions arising out
of or relating to this Agreement (whether such actions arise under contract, tort, equity or otherwise). 
 15. Failure to
Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. 

16. Severability. In the event that any one or more of the provisions of this Agreement shall be held to be invalid, illegal or
unenforceable, the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 17. Funding. This Agreement is not funded and all amounts payable hereunder, if any, shall be paid from the general assets of the Company or its Affiliate, as applicable. No provision contained in
this Agreement or the Plan and no action taken pursuant to the provisions of this Agreement or the Plan shall create a trust of any kind or require the Company to maintain or set aside any specific funds to pay benefits hereunder. To the extent the
Participant acquires a right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. 

18. Headings. The descriptive headings of the Sections of this Agreement are inserted for convenience of reference only and shall
not constitute a part of this Agreement. 
 19. Amendment or Termination of this Agreement. This Agreement may be
modified, amended, suspended or terminated by the Committee at any time; provided, however, that no modification, amendment, suspension or termination of the Plan or this Agreement shall adversely affect the rights of the Participant under this
Agreement without the consent of such Participant. Notwithstanding the foregoing or any provision of this Agreement to the contrary, the Company may, in its sole discretion and without the Participant’s consent, modify or amend the terms of the
Agreement or a Stock Unit award, or take any other action it deems necessary or advisable, to cause the Agreement to comply with Section 409A or Section 162(m) (or an exception thereto). Any modification, amendment, suspension or
termination shall only be effective upon a writing issued by the Company, and the Participant shall not offer evidence of any purported oral modifications or amendments to vary or contradict the terms of this Agreement document. 

[Remainder of this page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Agreement on the day and year
indicated below. This Agreement may be executed in more than one counterpart, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

 

					
		 		 	PARTICIPANT
			
	Dated:                  , 2013	 		 	  

			
		 		 	CONSOL ENERGY INC.
			
	Dated:                  , 2013	 		 	  

		 		 	William Powell, on behalf of the Compensation Committee

 Exhibit A 
 Participant: 
 Grant Date: 
 Stock Units (Target): 
 Performance
Period:        [3 years]

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