Document:

Deferred Compensation Plan related to compensation deferred prior to 1/1/2005

 Exhibit 10.3 
 DefCompensation 
 Revised 07/14/04 

PPG INDUSTRIES, INC. 
 DEFERRED COMPENSATION PLAN 
 (FOR PRE-2005 DEFERRALS) 

As amended effective January 1, 2011 

 Preamble 
 In accordance with the Resolution adopted by the Officers-Directors Compensation Committee of the Board of Directors of PPG Industries, Inc. on December 8, 2010, the PPG Industries Inc. Deferred
Compensation Plan (for Pre-2005 Deferrals) is hereby amended and restated to be effective January 1, 2011. 
 The Plan is adopted primarily
for the purpose of providing deferred compensation to a select group of management and highly compensated employees. 

 Table of Contents 

 

			
	Section I	  	Definitions
		
	Section II	  	Deferrals
		
	Section III	  	Investment Options
		
	Section IV	  	Savings Plan Restoration Contributions
		
	Section V	  	Withdrawal Provisions
		
	Section VI	  	Specific Provisions Related to Benefits
		
	Section VII	  	Administration and Claims
		
	Section VIII	  	Amendment and Termination
		
	Section IX	  	Miscellaneous
		
	Section X	  	Change in Control

 SECTION I—DEFINITIONS 

 

	1.01	Account means all amounts transferred from the Prior Plan, deferred Award amounts, all deferred Salary amounts, all deferred Long Term Incentive Plan or
Executive Officers’ Long Term Incentive Plan Payments and all Restoration Contributions and earnings on each in a Participant’s account at any particular time. 

 

	1.02	Administrator means an officer or officers of the Company appointed by the Committee, and any person(s) designated by such Administrator to assist in the
administration of the Plan. 

  

	1.03	Affiliate means any business entity, other than a Subsidiary Corporation, in which PPG has an equity interest. 

 

	1.04	Annual Plan means the PPG Industries, Inc. Executive Officers’ Annual Incentive Compensation Plan. 

 

	1.05	Award means a grant to a Participant under either the IC Plan, the Annual Plan or MAP which such person may elect to defer. Awards to Participants may be made in
the form of cash (“cash component”), shares of PPG stock (“stock component”), or a combination of both. 

  

	1.06	Beneficiary means the person or persons designated by a Participant to receive benefits hereunder following the Participant’s death, in accordance with
Section 6.02. For purposes of this Section 1.06, “person or persons” is limited to an individual, a Trustee or a Participant’s estate. 

 

	1.07	Board means the Board of Directors of PPG Industries, Inc. 

  

	1.08	Code means the Internal Revenue Code of 1986, and amendments thereto. 

 

	1.09	Committee means the Officers-Directors Compensation Committee (or any successor) of the Board. 

 

	1.10	Company or PPG means PPG Industries, Inc. 

  

	1.11	Conversion Formula means dividing an amount by the average of the closing sale prices for PPG Stock reported on the New York Stock Exchange-Composite Tape for
all days in the month of January during which the New York Stock Exchange is open during the year following the Plan Year to which the Award relates. 

  

	1.12	Corporation means PPG and any Subsidiary Corporation and any Affiliate designated by the Administrator as eligible to participate in the Plan, and which,

  
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by proper authorization of the Board of Directors or other governing body of such Subsidiary Corporation or Affiliate, elects to participate in the Plan. 

 

	1.13	Disability means any long-term disability. The Administrator, in his complete and sole discretion, shall determine a Participant’s Disability; provided,
however, that a Participant who is approved to receive Long-Term Disability benefits pursuant to the PPG Industries, Inc. Long-Term Disability Plan shall be considered to have a Disability. The Administrator may require that a Participant submit to
an examination from time to time, but no more often than annually, at the expense of the Company, by a competent physician or medical clinic, selected by the Administrator, to confirm Disability. On the basis of such medical evidence, the
determination of the Administrator as to whether or not a condition of Disability exists or continues shall be conclusive. 

  

	1.14	Discretionary Transaction means a transaction pursuant to any employee benefit plan of the Company that: 

 

	 	(a)	Is at the volition of the plan participant; 

  

	 	(b)	Is not made in connection with the participant’s death, disability, retirement or termination of employment; 

 

	 	(c)	Is not required to be made available to a plan participant pursuant to a provision of the Code; and 

 

	 	(d)	Results in either an intra-plan transfer involving a PPG Stock Fund or a cash distribution funded by a volitional disposition of PPG Common Stock by the plan
participant. 

  

	1.15	Employee means any full-time or permanent part-time salaried employee (including any officer) of the Corporation. 

 

	1.16	Executive Officers’ Long Term Plan means the PPG Industries, Inc. Executive Officers’ Long Term Incentive Plan. 

 

	1.17	ERISA means the Employee Retirement Income Security Act of 1974, as amended. 

 

	1.18	Financial Hardship means an unexpected need for cash arising from an illness, casualty loss, sudden financial reversal, or other such unforeseeable occurrence,
as determined by the Administrator, in his complete and sole discretion. 

  

	1.19	Former Participant means a Participant who becomes ineligible to receive an Award but who continues to have an Account hereunder. 

  
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	1.20	IC Plan means the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees. 

 

	1.21	Insider means a Participant who at any time within the prior six (6) months was a person subject to Section 16 of the Securities Act of 1934.

  

	1.22	Investment Account means any one of the following: 

 Fidelity Growth Company Fund Account: A recordkeeping account, the value of which is based on the Fidelity Growth Company Fund. 

Fidelity Contrafund Account: A recordkeeping account, the value of which is based on the Fidelity Contrafund. 

Fidelity Spartan U.S. Equity Index Fund Account: A recordkeeping account, the value of which is based on the Fidelity Spartan U.S.
Equity Index Fund. 
 Fidelity Growth and Income Portfolio Account: A recordkeeping account, the value of which is based
on the Fidelity Growth and Income Portfolio. 
 Fidelity Intermediate Bond Fund Account: A recordkeeping account, the
value of which is based on the Fidelity Intermediate Bond Fund. 
 Fidelity Institutional MM Portfolio - Class 1 Account:
A recordkeeping account, the value of which is based on the Fidelity Institutional MM Portfolio Class 1. 
  

	1.23	Investment Account Share means a recordkeeping unit for the appropriate Investment Account, in each case, equivalent to one share of the mutual fund on which the
value of the particular Investment Account is based. 

  

	1.24	Long Term Incentive Plan means the PPG Industries, Inc. Long Term Incentive Plan. 

 

	1.25	MAP means the PPG Industries, Inc. Management Award and Deferred Income Plan. 

 

	1.26	Participant means an Employee approved to participate in either the Executive Officers’ Long Term Incentive Plan, the Long Term Incentive Plan, the IC Plan,
the Annual Plan or MAP. As used herein, “Participants” may be used collectively to include Retired Participants, Terminated Participants and Former Participants. 

 

	1.27	Plan means the PPG Industries, Inc. Deferred Compensation Plan, as amended. 

 

	1.28	Plan Year means the calendar year. 

  
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	1.29	PPG Stock means Common Stock of the Company. Shares of PPG Stock issued under the Plan may be either authorized but unissued shares or issued shares acquired by
the Company and held in its treasury. 

  

	1.30	PPG Stock Account means a record-keeping account maintained for a Participant who elects to defer all or part of an Award/Salary and/or to maintain all or part
of a deferred Award/Salary in the form of Stock Account Shares. 

  

	1.31	PPG Stock Fund means the PPG Stock Account or any other fund or account of any other benefit plan of the Company or a Subsidiary which account or fund is
invested in, or valued based upon, PPG Common Stock and which fund or account is an alternative to other funds or accounts made available to plan participants which funds or accounts are not invested in, or valued based upon PPG Common Stock.

  

	1.32	Prior Plan means the PPG Industries, Inc. Deferred Compensation Plan, as in effect through September 30, 2000. 

 

	1.33	Prohibited Discretionary Transaction means a Discretionary Transaction to be effected pursuant to an election made less than six months following the date of the
most recent previous election to make a Discretionary Transaction with respect to any employee benefit plan of the Company which most recent previous election effected: 

 

	 	(a)	An increase in a PPG Stock Fund if the current transaction would entail a disposition of PPG Stock or a decrease in a PPG Stock Fund; or 

 

	 	(b)	A disposition of PPG Stock or a decrease in a PPG Stock Fund if the current transaction would entail an increase in a PPG Stock Fund . 

 

	1.34	Restoration Contributions means contributions to a Participant’s Account in accordance with Section IV. 

 

	1.35	Retired Participant means a Participant who elects to maintain an Account in the Plan after his/her Retirement Date. 

 

	1.36	Retirement Date means the first day of the month following a Participant’s termination of employment, provided such Participant is eligible to receive a
benefit from a retirement plan sponsored by the Corporation on such date. 

  

	1.37	Salary means a Participant’s monthly base salary from the Corporation (excluding bonuses, commissions and other non-regular forms of compensation) and
including payments from the PPG Industries Salary Continuance Plan, before reductions for deferrals under the Plan or under any other Plan sponsored by the Corporation. In the case of Salary Continuance, Salary deferral elections shall be applied to
the actual amount of Salary Continuance being paid. 

  
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	1.38	Savings Plan means the PPG Industries Employee Savings Plan, as amended from time to time. 

 

	1.39	Savings Plan Election means the sum of the percentage the Participant is contributing to the Savings Plan as Savings and as Elective Deferrals not to exceed the
percentage eligible for the Company match in the Savings Plan. 

  

	1.40	Savings Plan Matching Percentage means the percentage of the Company’s Matching Contributions for a Plan Year in the Savings Plan. 

 

	1.41	Stock Account Share means a record-keeping unit which is equivalent to one share of PPG Stock. 

 

	1.42	Subsidiary means any corporation of which fifty percent (50%) or more of the outstanding voting stock or voting power is owned, directly or indirectly, by
the Company and any partnership or other entity in which the Company has a fifty percent (50%) or more ownership interest. 

  

	1.43	Terminated Participant means a Participant who maintains an Account in the Plan following his/her termination of employment from the Corporation.

  

	1.44	Transferred Interest Account means a separate Interest Account, transferred from the Prior Plan, for any amount which the Participant had transferred from
his/her CEA-2 account. 

  

	1.45	Unscheduled Withdrawal means a distribution of all or a portion of a Participant’s Investment Accounts and/or PPG Stock Account requested by a Participant,
or a Beneficiary, if the Participant is deceased, in accordance with Section 5.07. 

  
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 SECTION II—DEFERRALS 

 

	2.01	Deferral of Award 

  

	 	(a)	In accordance with the provisions of either the IC Plan, the Annual Plan or MAP, whichever is applicable, the value of that portion of the cash component of a deferred
Award which the Participant has designated to one or more of the Investment Accounts in accordance with Section 3.01 shall be credited to such Investment Account(s) on the day such deferral would otherwise have been paid to the Participant.

  

	 	(b)	In accordance with the provisions of either the IC Plan, the Annual Plan or MAP, whichever is applicable, the value of: 

 

	 	(1)	that portion of the cash component of a deferred Award which the Participant has designated in accordance with Section 3.01 to the PPG Stock Account; and/or

  

	 	(2)	the value of the stock component of a deferred Award 

 shall be credited to the PPG Stock Account in the Participant’s Account on the day such deferral would otherwise have been paid to the Participant. 

 

							
		 	(c)  	  	(1)    	  	Share Awards credited to the PPG Stock Account shall be credited in the form of Stock Account Shares and cash Awards credited to the PPG Stock Account shall be credited in the form
of whole and fractional Stock Account Shares, the number of which will be determined according to the Conversion Formula.

  

	 	(2)	Cash Awards credited to the Investment Account(s) shall be credited in the form of Investment Account Shares, the number of which will be determined according to the
most recent closing market value of the appropriate Investment Account Shares. 

  

	 	(d)	Any amount designated by the Participant for in-service withdrawal in accordance with either the IC Plan, the Annual Plan or MAP may not be credited to the PPG Stock
Fund. 

  

	2.02	Deferral of Salary 

  

	 	(a)	Prior to the beginning of each quarter, a Participant may elect to defer a percentage, in whole percentages only, of his/her Salary as follows:

  
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		 	Minimum Deferral	 	Maximum Deferral	 	
		 	1%	 	50%	 	

  

	 	(b)	Elections made pursuant to this Section 2.02 shall remain in effect until the earlier of: 

 

	 	(1)	The first day of the quarter following the quarter the Participant rescinds or modifies the election; or 

 

	 	(2)	The first day of the Plan Year following the Plan Year in which the Participant becomes a Former Participant. 

 

	 	(c)	Any election filed by a Participant pursuant to this Section 2.02 must be received by the Administrator on or before the last business day of the quarter prior to
the quarter in which such election is to become effective. Deferred Salary shall be credited to the Participant’s Account on the first day of the month following the month in which the deferral is made. 

 

	 	(d)	A Participant is ineligible to defer or continue to have deferred any Salary percentage during a quarter in which the Participant’s salary is subject to a
garnishment, tax lien, child support or any similar attachment to Salary. 

  

	 	(e)	A Participant who becomes ineligible for Salary deferral, in accordance with Paragraph (d) above, may thereafter resume Salary deferral upon the discontinuance of
the attachment to the Salary and in accordance with the Salary election provisions of this Section 2.02. 

  

	 	(f)	The number of Stock Account Shares credited to the PPG Stock Account shall be determined by the closing price for PPG Stock on the last business day of the month in
which the deferral is made. 

  

	 	(g)	The number of Investment Account Shares credited to the appropriate Investment Account shall be determined by the closing market price for shares of the mutual fund on
which the value of the Investment Account is based on the last business day of the month in which the deferral is made. 

  

	2.03	Deferral of Payment under the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan 

 

	 	(a)	In accordance with the provisions of the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan, the portion of a Payment under those Plans
which a Participant has elected to defer shall be credited to the PPG Stock Account in the Participant’s Account on the day such Payment would otherwise have been paid to the Participant. 

  
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	 	(b)	The portion of a Payment deferred by the Participant under the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan, which would have been
paid in PPG stock, shall be credited to the PPG Stock Account in the form of Stock Account Shares. 

  

	 	(c)	Dividend Equivalents under the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan 

 

	 	(1)	Dividend Equivalents credited in accordance with the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan shall be credited into the PPG
Stock Account or other Investment Account(s) as designated by the Participant in accordance with Section 3.01. 

  

	 	(2)	The number of Stock Account Shares, if any, credited to the PPG Stock Account due to Dividend Equivalents credited from the Executive Officers’ Long Term Incentive
Plan or the Long Term Incentive Plan shall be determined on the basis of the closing sale price of PPG Stock reported on the Composite Tape for the day on which the corresponding dividend is paid on PPG Stock. 

 

	 	(3)	Dividend Equivalents credited to the Investment Account(s) shall be credited in the form of Investment Account Shares in the same manner as cash Awards are credited to
Investment Account(s). 

  
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 SECTION III—INVESTMENT OPTIONS 

 

	3.01	Investment Election  

  

	 	(a)	Participants must file an election with the Administrator designating the investment election for any cash amounts or Dividend Equivalents from the Executive
Officers’ Long Term Incentive Plan or the Long Term Incentive Plan being deferred into or credited to the Plan. 

  

	 	(b)	Any election filed by a Participant under Section 3.01(a) above, shall remain in effect unless and until the Participant files a new election with the
Administrator. 

  

	 	(c)	Elections filed in accordance with this Section 3.01 must be filed in accordance with the procedure established by the Administrator. 

 

	3.02	Investment Accounts 

Amounts credited to the Investment Accounts shall be credited in the form of whole and fractional Investment Account Shares. 

 

	3.03	PPG Stock Account 

  

	 	(a)	Amounts credited to the PPG Stock Account shall be credited in the form of whole and fractional Stock Account Shares. 

 

	 	(b)	Participants shall not receive cash dividends or have voting or other shareholders’ rights as to Stock Account Shares; however, Stock Account Shares shall accrue
whole and fractional dividend equivalents, in the form of additional Stock Account Shares, on the basis of the closing sale price for PPG Stock, reported on the Composite Tape for the day on which a dividend is paid, based on the number of whole
Stock Account Shares in the PPG Stock Account on the record date. 

  

	3.04	Transfers from the Prior Plan 

  

	 	(a)	Any amounts in a Participant’s account on September 30, 2000, shall be transferred to his/her Account effective October 1, 2000, in accordance with the
election filed by the Participant in accordance with Section 3.01. 

  

	 	(b)	In the event a Participant has not filed a valid election in accordance with Section 3.01, amounts credited to the Participant’s PPG Stock account in the
Prior Plan shall be transferred to the PPG Stock Account; and amounts credited to the Participant’s interest account in the Prior Plan shall be transferred to the Fidelity Institutional MM Portfolio -Class 1 Account. 

  
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	 	(c)	Any amounts in the Participant’s PPG Stock Account in the Prior Plan which the participant has designated for withdrawal in accordance with the provisions of
Section XI of the Prior Plan, including any amounts representing dividend equivalents, accrued in accordance with Section 3.03(b), shall be distributed to the Participant on April 1, 2001. 

 

	 	(d)	Any amount credited to a Participant’s transferred interest account in the Prior Plan, shall be transferred to the Transferred Interest Account notwithstanding any
election filed by the Participant. 

  

	3.05	Transfers 

  

	 	(a)	Subject to paragraph (b) below, a Participant who has a balance in the Investment Accounts may elect to transfer any amounts between/among the Investment Accounts
or into the PPG Stock Account. Such transfers shall be subject to the following: 

  

	 	(1)	Participants must file a transfer request with the Administrator in accordance with the procedure established by the Administrator. 

 

							
		 	(2)    	 	(A)	  	For transfers into the PPG Stock Account, the number and value of whole and fractional Stock Account Shares shall be determined by the closing price of PPG Stock on the last
business day of the month in which the election is received by the Administrator.

  

	 	(B)	For transfers into and out of any of the Investment Accounts, the number and value of whole and fractional Investment Account Shares shall be determined by the closing
price of the appropriate Investment Account Share on the last business day of the month in which the election is received by the Administrator. 

  

	 	(3)	No transfers may be made out of the PPG Stock Account at any time. 

  

	 	(4)	No transfers may be made out of the Transferred Interest Account at any time. 

 

	 	(b)	Insiders are prohibited from making any transfer which would constitute a Prohibited Discretionary Transaction. 

  
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 SECTION IV—SAVINGS PLAN RESTORATION CONTRIBUTIONS 

 

	4.01	Restoration Contributions 

Participants who are currently contributing to the Savings Plan may be eligible to receive Restoration Contributions as follows:

  

	 	(a)	For Participants whose Salary exceeds the amount specified in §401(a)(17) of the Code, Restoration Contributions shall equal the sum of (1) and
(2) below: 

  

	 	(1)	Lesser of: 

 Excess Salary times
Savings Plan Election times Savings Plan Matching Percentage; or 
 Amount of monthly deferred Salary. 

 

	 	(2)	If the difference between the Participant’s Salary deferral and Excess Salary (“Difference”) is greater than zero: 

Difference times Savings Plan Election times Savings Plan Matching Percentage. 

 

	 	(b)	For a Participant whose Salary equals or is less than the amount specified in §401(a)(17) of the Code and such Participant elects to defer Salary in accordance
with Section 2.02, Restoration Contributions shall equal the amount of the deferred Salary times the Participant’s Savings Plan Election times the Savings Plan Matching Percentage. 

 

	 	(c)	For purposes of this Section 4.01 Excess Salary means Salary minus the amount specified in §401(a)(17) of the Code divided by 12. 

 

	4.02	Savings Plan Restoration Account 

 Restoration Contributions shall be credited monthly to the Participant’s PPG Stock Account in the form of Stock Account Shares. The number of whole and fractional Stock Account Shares shall be
determined by using the closing price for PPG Stock on the last business day of the month in which such Restoration Contributions are made, and shall be credited to the Participant’s Account on such day. 

  
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	4.03	Vesting 

 Restoration
Contributions shall be 100% vested at the time such Restoration Contributions are credited to a Participant’s Account. 
  

	4.04	Transfers 

 Restoration
Contributions may not be transferred from the PPG Stock Account. 

  
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 SECTION V—WITHDRAWAL PROVISIONS 

 

	5.01	Scheduled In-Service Withdrawals 

 Except as otherwise provided in this Section V, payment of any amount designated by a Participant for in-service withdrawal, in accordance with provisions of either the IC Plan, the Annual Plan or MAP,
whichever is applicable, shall be made to the Participant in a lump sum as of the first day of the quarter/year specified by the Participant. 
  

	5.02	Withdrawals at/after a Participant’s Retirement Date 

  

	 	(a)	A Participant may elect a payment schedule applicable to his/her Account provided such election is filed with the Administrator: 

 

	 	(1)	Prior to the Participant’s Retirement Date; and 

  

	 	(2)	In the year prior to the year the first payment is to be made and, in all cases, at least six months/ten days prior to the time the first payment is to be made.

  

	 	(b)	Participants may elect: 

  

	 	(1)	One lump-sum payment; or 

  

	 	(2)	Quarterly, semiannual or annual installments - to be made over a period of years, up to a maximum period of 15 years; or 

 

	 	(3)	A combination of (1) and (2). 

  

	 	(c)	Subject to the provisions of this paragraph (c), a Participant may delay the first payment for a period up to ten years following his/her Retirement Date; provided,
however, that, in all cases, payments must begin no later than the year in which the Participant’s 75th birthday occurs for Participants who retire prior to their 75th birthday; or no later than the Participant’s Retirement Date for
Participants who retire on or after their 75th birthday. 

  

	 	(d)	The payment schedule elected by the Participant shall apply to his/her entire Account. Participants may designate the first day of the quarter for the commencement of
the payment schedule on an annual, semiannual or quarterly basis. 

 Each installment payment shall be calculated
by dividing the Participant’s account balance by the remaining number of installments -(e.g.: Ten 

  
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annual installments shall be paid: 1st installment = 1/10 of Account; 2nd installment = 1/9 of Account; 3rd installment = 1/8 of Account, etc.). In the case of distributions made prior to
May 1, 2001, if the installment payment is to be in the form of PPG Stock, any stock increment shall be rounded down to the nearest whole stock share. Any remaining stock increments shall remain in the Account until subject to further payment.
In the case of distributions made on and after May 1, 2001, if the installment payment is to be in the form of PPG Stock, such distribution shall be made in whole shares and cash equal to any fractional share. 

 

	 	(e)	In the event a Participant fails to file a payment schedule election with the Administrator prior to his/her Retirement Date, his/her Account shall be paid in one lump
sum in the year following the year of such Retirement Date and shall be paid during the first quarter of such year which is at least six months/ten days following such Retirement Date. 

 

	 	(f)	Payment schedules pursuant to this Section 5.02 shall supersede any prior payment election(s) filed with the Administrator; and shall become irrevocable on the
Participant’s Retirement Date. 

  

	5.03	Withdrawals Following Termination 

  

	(a)	Except as provided in paragraph (d) below: 

  

	 	(1)	A Participant may elect one lump-sum payment, in accordance with subparagraph (b)(1) below, or may elect to receive up to five annual installments, in accordance with
subparagraph (b)(2) below. 

  

	 	(2)	Any election made pursuant to this paragraph (a) must be filed with the Administrator no later than 30 days after the Participant’s Termination of Employment.

  

					
	(b)  	  	(1)  	  	Participants who elect to receive a lump-sum, must specify the quarter/year that the lump-sum payment is to be made; provided, however, that the Participant must elect to receive
the payment no later than the last quarter of the year in which the fifth anniversary of his/her termination date occurs. Payment must occur no earlier than the Plan Year after the Plan Year of the Participant’s election and as of the first day
of the first quarter which is at least six (6) months and 10 days following the Participant’s election.

  

	 	(2)	 Participants who elect to receive installments, must specify the quarter/year that such installments will begin; provided, however, that the
Participant must elect to begin installments no later than the last quarter of the year in which the fifth anniversary of his/her termination date occurs. Installments must begin no earlier than the Plan Year after the Plan Year of the
Participant’s election and as of the first day of the first quarter which is at least six (6) months and 10 days following 

  
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the Participant’s election. The payment schedule elected by the Participant shall apply to his/her entire Account. Each installment shall be calculated by dividing the Participant’s
account balance by the remaining number of installments - (e.g.: Five annual installments shall be paid: 1st installment = 1/5 of Account; 2nd installment = 1/4 of Account, etc.). In the case of distributions made prior to May 1, 2001, if the
installment payment is to be in the form of PPG Stock, any stock increment shall be rounded down to the nearest whole stock share. Any remaining stock increments shall remain in the Account until subject to further payment. In the case of
distributions made on and after May 1, 2001, if the installment payment is to be in the form of PPG Stock, such distribution shall be made in whole shares and cash equal to any fractional share. 

 

	 	(c)	In the event a Participant fails to file a payment election with the Administrator within the time provided in paragraph (a) above, his/her Account shall be paid
in one lump sum in the year following: 

  

	 	(i)	the year in which the Participant’s termination occurs; or, if later 

  

	 	(ii)	the year in which the 30th day following the Participant’s termination occurs; and 

shall be paid during the first quarter of the applicable year specified in (i) or (ii) above. 

 

	 	(d)	In the event the Administrator determines, in his sole discretion, that a termination is “for cause,” or is otherwise potentially adverse to the
Company’s interest, as for example, a Participant’s termination in order to accept a position with a major competitor, the Participant shall have no election with respect to payment of his/her Account. Such Participant shall receive
his/her entire Account balance as of the first day of the first quarter immediately following his/her termination date. 

  

	 	(e)	Payment schedules pursuant to this Section 5.03 shall supersede any prior payment election(s) filed with the Administrator. 

 

	 	(f)	In accordance with authority delegated to the Administrator by the Committee at its meeting on September 20, 1995, the Administrator granted the option of five
installments, as provided in paragraphs (a) and (b) of this Section to those employees whose employment with the Company was terminated as a result of the sale of the Chemicals Surfactants business to BASF Corp. on December 1, 1997.

  

	 	(g)	 In accordance with authority delegated to the Administrator by the Committee at its meeting on September 20, 1995, the Administrator has adopted
the following with respect to Participants who become employees of PPG Auto Glass, LLC: Such Participants shall not incur a 

  
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“termination” as contemplated by this Section 5 unless or until the Participant is no longer employed by either PPG Industries, Inc. or PPG Auto Glass, LLC.

  

	5.04	Withdrawals in the event of Disability 

  

	 	(a)	In the event a Participant becomes disabled, he/she may elect a payment schedule applicable to his/her Account provided such election is filed with the Administrator
within 30 days of the Administrator’s determination that such Participant has a Disability. 

  

	 	(b)	Participants may elect: 

  

	 	(1)	One lump-sum payment; or 

  

	 	(2)	Quarterly, semiannual or annual installments - to be made over a period of years, up to a maximum period of 15 years; or 

 

	 	(3)	A combination of (1) and (2). 

  

	 	(c)	A Participant may delay the first payment for a period of up to ten years following the determination that he/she has a Disability; provided, however, that, in all
cases, payments must begin no later than the year in which the Participant’s 75th birthday occurs. Payments must commence no earlier than the Plan Year following the Plan Year in which the Participant files an election in accordance with
paragraph (a) of this Section 5.04, and as of the first day of the first quarter which is at least six (6) months and 10 days following such election. 

 

	 	(d)	The payment schedule elected by the Participant shall apply to his/her entire Account. Participants may designate the first day of a quarter for the commencement of the
payment schedule on an annual, semiannual or quarterly basis. 

 Each installment payment shall be the applicable
fraction of the Participant’s Account balance -(e.g.: Ten annual installments shall be paid: 1st installment = 1/10 of Account; 2nd installment = 1/9 of Account; 3rd installment = 1/8 of Account, etc.). .). In the case of distributions made
prior to May 1, 2001, if the installment payment is to be in the form of PPG Stock, any stock increment shall be rounded down to the nearest whole stock share. Any remaining stock increments shall remain in the Account until subject to further
payment. In the case of distributions made on and after May 1, 2001, if the installment payment is to be in the form of PPG Stock, such distribution shall be made in whole shares and cash equal to any fractional share. 

  
 - Page 5.4 -

	 	(e)	In the event a Participant fails to file a payment schedule election with the Administrator within the period specified in paragraph (a) above, his/her Account
shall be paid in one lump sum in the year following the year in which the latest date for filing an election occurs, and shall be paid during the first quarter in such year. 

 

	 	(f)	Payment schedules pursuant to this Section 5.04 shall supersede any prior payment election(s) filed with the Administrator; and shall become irrevocable when filed
in accordance with paragraph (a). 

  

	5.05	Withdrawals following a Participant’s death 

  

	 	(a)	Death prior to a Participant’s Election Date 

 In the event of a Participant’s death prior to his/her Election Date, the Participant’s entire Account shall be paid to the Participant’s Beneficiary as soon as possible following the
Participant’s death. 
  

	 	(b)	Death on or after a Participant’s Election Date 

 In the event of a Participant’s death on or after his/her Election Date, the Participant’s Beneficiary may elect to receive the remaining balance of the Participant’s Account paid as a lump
sum, or in accordance with the payment schedule filed by the Participant. 
 Such election must be filed by the Beneficiary
within 60-days following the Participant’s death. If no such election is made, the balance in the Participant’s Account shall be paid in a lump sum. Any lump sum payment made in accordance with this paragraph shall be paid in the Plan Year
following: 
  

	 	(i)	the year in which the Participant’s death occurs; or, if later 

  

	 	(ii)	the year in which the 60th day following the Participant’s death occurs; and 

shall be paid during the first quarter of the applicable year specified in (i) or (ii) above. 

 

	 	(c)	For purposes of this Section 5.05 “Election Date” means the date on which the Participant’s election schedule becomes irrevocable in accordance with
paragraph (f) of Section 5.02 or paragraph (f) of Section 5.04. 

  

	5.06	Withdrawals upon finding of Financial Hardship 

  
 - Page 5.5 -

	 	(a)	Upon a finding that the Participant, or Beneficiary if the Participant is deceased, has suffered a Financial Hardship, the Administrator may, in his sole discretion,
permit the acceleration of a withdrawal under the Plan in an amount reasonably necessary to alleviate such Financial Hardship. 

  

	 	(b)	If the Administrator permits a withdrawal due to Financial Hardship, the Participant shall cease Salary deferrals, if any, and may not make any deferrals under the
Plan, in the form of an Award or Salary, until one entire Plan Year has elapsed following the Plan Year in which such withdrawal is made. 

  

	 	(c)	The Participant shall be required to exhaust all other sources of funds, other than the Savings Plan, before the Administrator will consider an accelerated withdrawal
in accordance with this Section 5.06. 

  

	 	(d)	A withdrawal pursuant to this Section 5.06 shall nullify any in-service withdrawal election filed in accordance with Section 5.01. 

 

	5.07	Unscheduled Withdrawals 

  

	 	(a)	A Participant, or Beneficiary if the Participant is deceased, may request an Unscheduled Withdrawal of all or a portion of the Participant’s Investment Accounts
and/or PPG Stock Account. Payments from the PPG Stock Fund shall be made in the form of PPG Shares, and payment from the Investment Accounts shall be paid in cash. 

An Insider of PPG may not request an Unscheduled Withdrawal from the PPG Stock Account at any time that such withdrawal would constitute a
Prohibited Discretionary Transaction. A Participant, or Beneficiary, may request not more than one (1) Unscheduled Withdrawal in a Plan Year. 
  

	 	(b)	An Unscheduled Withdrawal must be a minimum of 25% of the Participant’s Investment and PPG Stock Accounts. 

 

	 	(c)	An election to withdraw 75% or more of the Participant’s Investment and Stock Accounts shall be deemed a request to withdraw the entire Account balance.

  

	 	(d)	 Prior to payment of any Unscheduled Withdrawal, a penalty of 10% of the Unscheduled Withdrawal amount shall be withheld and forfeited (or 5% if such
Unscheduled Withdrawal is made during the Plan Year in which a Change in Control occurs, or the Plan Year immediately following such Change in Control) and the Participant shall cease Salary deferrals, if any, effective on the date the withdrawal is
paid and may not make any deferrals under the Plan, in the form of an Award or Salary, until one 

  
 - Page 5.6 -

	 	
entire Plan Year has elapsed following the Plan Year in which such Unscheduled Withdrawal is made. 

  

	 	(e)	A withdrawal pursuant to this Section 5.07 shall nullify any scheduled in-service withdrawal election filed in accordance with Section 5.01.

  

	5.08	Methods of Payment 

  

	 	(a)	PPG Stock Account 

 Any payment
from the PPG Stock Account shall be paid in the form of PPG Stock. 
 At the time of the final scheduled payment, if payments
were disbursed from the PPG Stock Account in shares of PPG Stock, any remaining fractional shares of PPG Stock shall be converted to and paid in cash. 
  

	 	(b)	Investment Accounts 

Payments from the Investment Accounts shall be made in cash. The value shall be determined using the value of the closing price of the
appropriate Investment Account Shares on the last business day of the month preceding the month in which the distribution is made. 
  

	 	(c)	All payments to Participants, or their Beneficiaries, shall be made on the first business day of a calendar quarter. 

 

	5.09	Small Account Provision 

  

	 	(a)	Each scheduled withdrawal must equal a minimum of $2,000. 

  

	 	(b)	If the remaining balance in a Participant’s Account is less than $2,000, the Administrator may, at his discretion, distribute the remainder of the Account.

  
 - Page 5.7 -

	5.10	Special Rules for Withdrawals by Insiders 

 Anything to the contrary in this Section 5 notwithstanding, Insiders may not, without prior approval of the Senior Vice President, Human Resources and Administration, or his or her successor,
withdraw any amount from the PPG Stock Account which was credited to their Account balance within the prior six months. 
  

	5.11	Withdrawals of amounts from the Transferred Interest Account 

  

	 	(a)	Withdrawals from the Transferred Interest Account shall be governed by the election made by the Participant for his/her CEA-2 account. 

 

	 	(b)	In the event of a Participant’s death prior to receiving the entire balance in his/her Transferred Interest Account, the Participant’s Beneficiary may elect
to receive the remaining balance of the Participant’s Transferred Interest Account paid as a lump sum, or in accordance with the payment schedule filed by the Participant. 

Such election must be filed by the Beneficiary within 60-days following the Participant’s death. If no such election is made, the
balance in the Participant’s account shall be paid in a lump sum. Any lump sum payment made in accordance with this paragraph shall be paid in the Plan Year following: 

 

	 	(i)	the year in which the Participant’s death occurs; or, if later 

  

	 	(ii)	the year in which the 60th day following the Participant’s death occurs; and 

 shall be paid during the first quarter of the applicable year specified in (i) or (ii) above. 

  
 - Page 5.8 -

 SECTION VI—SPECIFIC PROVISIONS RELATED TO BENEFITS 

 

	6.01	Nonassignability 

  

	 	(a)	Except as provided in paragraph (b) below and in Section 6.02, no person shall have any power to encumber, sell, alienate, or otherwise dispose of his/her
interest under the Plan prior to actual payment to and receipt thereof by such person; nor shall the Administrator recognize any assignment in derogation of the foregoing. No interest hereunder of any person shall be subject to attachment,
execution, garnishment or any other legal, equitable, or other process. 

  

	 	(b)	Paragraph (a) above shall not apply to the extent that a Participant’s interest under the Plan is alienated pursuant to a “Qualified Domestic Relations
Order” (“QDRO”) as defined in §414(p) of the Code, received by the Administrator prior to January 1, 2011. 

  

	 	(1)	The Administrator is authorized to adopt such procedural and substantive rules and to take such procedural and substantive actions as the Administrator may deem
necessary or advisable to provide for the payment of amounts from the Plan to an Alternate Payee as provided in a QDRO. Such rules and actions shall be consistent with the principal purposes of the Plan. 

 

	 	(2)	Under no circumstances may the Administrator accept an order as a QDRO following a Participant’s death. 

 

	 	(3)	An Alternate Payee may not establish an account in the Plan. All amounts taken from a Participant’s Account, as provided in a QDRO, must be distributed as soon as
possible following the acceptance of an order as a QDRO. 

  

	 	(4)	In the sole discretion of the Administrator, a Participant’s scheduled withdrawal or otherwise requested withdrawal may be delayed for a period, not to exceed six
months, if the Administrator has notice that part or all of the Participant’s Account may be subject to alienation pursuant to a QDRO. 

  

	6.02	Beneficiary Designation 

  

	 	(a)	The Participant shall have the right, at any time and from time to time, to designate any person(s) as Beneficiary. The designation of a Beneficiary shall be effective
on the date it is received by the Administrator, provided the Participant is alive on such date. 

  
 - Page 6.1 -

	 	(b)	Each time a Participant submits a new Beneficiary designation form to the Administrator, such designation shall cancel all prior designations. 

 

	 	(c)	In the case of a Participant who does not have a valid Beneficiary designation on file at the time of his/her death, or in the case the designated Beneficiary
predeceases the Participant, the entire balance in the Participant’s Account shall be paid as soon as possible to the Participant’s estate. 

  

	 	(d)	Any Beneficiary designated by the Participant under the IC Plan, the Annual Plan or MAP filed before January 1, 1996, shall remain in effect for this Plan, until a
new Beneficiary designation form is filed in accordance with this Section 6.02, on or after January 1, 1996. 

  

	6.03	Limited Right to Assets of the Corporation 

 The Benefits paid under the Plan shall be paid from the general funds of the Company, and the Participants and any Beneficiary shall be no more than unsecured general creditors of the Company with no
special or prior right to any assets of the Company for payment of any obligations hereunder. 
  

	6.04	Protective Provisions 

The Participant or Beneficiary shall cooperate with the Administrator by furnishing any and all information requested by the Administrator
in order to facilitate the payment of benefits hereunder. If a Participant refuses to cooperate, he/she may be deemed ineligible to receive a distribution and/or ineligible to continue to actively participate in the Plan. 

 

	6.05	Withholding 

 The
Participant or Beneficiary shall make appropriate arrangements with the Administrator for satisfaction of any federal, state or local income tax withholding requirements and Social Security or other employee tax requirements applicable to the
payment of benefits under the Plan. If no other arrangements are made, the Administrator may provide for such withholding and tax payments by any means he deems appropriate, in his sole discretion. 

 

	6.06	Forfeiture Provision 

  

	 	(a)	In the event the Company becomes aware that a Participant is engaged or employed as a business owner, employee, or consultant in any activity which is in competition
with any line of business of the Corporation, or has engaged in any activity otherwise determined to be detrimental to the Company, the Administrative Subcommittee may: 

  
 - Page 6.2 -

	 	(1)	Terminate such Participant’s participation in the Plan, and distribute the entire amount in the Participant’s Account in a lump sum; 

 

	 	(2)	Apply any other diminution or forfeiture of benefits, which is specifically approved by the Administrative Subcommittee. 

For purposes of this Section 6.06, the Administrative Subcommittee shall consist of the Senior Human Resources Officer of the
Company, the Director, Payroll and Benefits, and a representative of the Law Department, as appointed by the General Counsel of PPG. The Administrative Subcommittee shall report all of its activities to the Committee. 

 

	 	(b)	Executive Officers’ Long Term Incentive Plan and the Long Term Incentive Plan 

A Participant may forfeit any or all deferrals from the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan
held in his/her Account if the Committee determines that such forfeiture shall occur in accordance with Section 4.04 of the Executive Officers’ Long Term Incentive Plan or the Long Term Incentive Plan, as applicable. 

  
 - Page 6.3 -

 SECTION VII—ADMINISTRATION & CLAIMS 

 

	7.01	Administration 

  

	 	(a)	The Administrator shall administer the Plan and interpret, construe and apply its provisions in accordance with its terms. The Administrator shall have the complete
authority to: 

  

	 	(1)	Determine eligibility for benefits; 

  

	 	(2)	Construe the terms of the Plan; and 

  

	 	(3)	Control and manage the operation of the Plan. 

  

	 	(b)	The Administrator shall have the authority to establish rules for the administration and interpretation of the Plan and the transaction of its business. The
determination of the Administrator as to any disputed question shall be conclusive. 

  

	 	(c)	The Administrator may employ counsel and other agents and may procure such clerical, accounting and other services as the Administrator may require in carrying out the
provisions of the Plan. 

  

	 	(d)	The Administrator shall not receive any compensation from the Plan for his services. 

 

	 	(e)	The Corporation shall indemnify and save harmless the Administrator against all expenses and liabilities arising out of the Administrator’s service as such,
excepting only expenses and liabilities arising from the Administrator’s own gross negligence or willful misconduct, as determined by the Committee. 

  

	7.02	Claims 

  

	 	(a)	Every person receiving or claiming benefits under the Plan shall be conclusively presumed to be mentally and physically competent and of age. If the Administrator
determines that such person is mentally or physically incompetent or is a minor, payment shall be made to the legally appointed guardian, conservator, or other person who has been appointed by a court of competent jurisdiction to care for the estate
of such person, provided that proper proof of such appointment is furnished in a form and manner suitable to the Administrator. Any payment made under the provisions of the paragraph (a) shall be a complete discharge of any liability therefor
under the Plan. The Administrator shall not be required to see to the proper application of any such payment. 

  
 - Page 7.1 -

	 	(b)	Claims Procedure 

 Claims
for benefits by a Participant or Beneficiary shall be filed, in writing, with the Administrator. If the Administrator denies the claim, in whole or in part, the Administrator shall furnish a written notice to the claimant setting forth a statement
of the specific reasons for the denial of the claim, references to the specific provisions of the Plan on which the denial is based, a description of any additional material or information necessary to perfect the claim and an explanation of why
such material or information is necessary, and an explanation of the review procedure. Such notice shall be written in a way calculated to be understandable by the claimant. 
 The written notice from the Administrator shall be furnished to the claimant within ninety (90) days following the date on which the claim was filed, except that if special circumstances require an
extension of time, the Administrator shall notify the claimant of this need within such 90-day period. Such notice shall inform the claimant the nature of the circumstances necessitating the need for additional time and the date by which the
claimant will be furnished with the decision regarding the claim. Such extension may provide for up to an additional 90 days. 
  

	 	(c)	Review Procedure  

Within sixty (60) days of the date the Administrator denies a claim, in whole or in part, the claimant, or his/her authorized
representative, may request that the decision be reviewed. Such request shall be in writing, shall be filed with the Administrator, and shall contain the following information: 

 

	 	(1)	The date on which the denial was received by the claimant; 

  

	 	(2)	The date on which the claimant’s request for review was filed with the Administrator; 

 

	 	(3)	The specific portions of the denial which the claimant requests the Administrator to review; 

 

	 	(4)	A statement setting forth the basis on which the claimant believes that a review of the decision is required; 

 

	 	(5)	Any written material which the claimant desires the Administrator to take into consideration in reviewing the claim. 

The Administrator shall afford the claimant, or his/her authorized representative, an opportunity to review documents pertinent to the
claim, 

  
 - Page 7.2 -

 and shall conduct a full and fair review of the claim and its denial. The
Administrator’s decision on such review shall be furnished to the claimant in writing, and shall be written in a manner calculated to be understandable to the claimant. Such decision shall include a statement of the specific reason(s) for the
decision, including references to the specific provision(s) of the Plan relied upon. 
 The written notice from the
Administrator shall be furnished to the claimant within sixty (60) days following the date on which the request for review was received by the Administrator, except that if special circumstances require an extension of time, the Administrator
shall notify the claimant of this need within such 60-day period. Such notice shall inform the claimant the nature of the circumstances necessitating the need for additional time and the date by which the claimant will be furnished with the decision
regarding the claim. Such extension may provide for up to an additional 60 days. 

  
 - Page 7.3 -

 SECTION VIII—AMENDMENT AND TERMINATION 

 

	8.01	Amendment of the Plan 

Except as provided in Section X, the Committee may amend the Plan, in whole or in part, at any time; however, no such amendment may
decrease the amount of benefit currently accrued in Participants’ Accounts. 
 Except as provided in Section X, the
Administrator shall have the authority to adopt amendments to the Plan, in whole or in part, at any time, necessary for the implementation and/or administration of the Plan, which will not result in a material change to the Plan. Moreover, no such
amendment by the Administrator may decrease the amount of benefit currently accrued in Participants’ Accounts. 
  

	8.02	Termination of the Plan 

Except as provided in Section X, the Committee may terminate the Plan at any time. Upon a termination pursuant to this Section 8.02,
the Committee has the sole discretion to determine distribution schedules for any or all Accounts, notwithstanding a Participant’s previous distribution schedule. 
  

	8.03	Constructive Receipt 

 In
the event the Administrator determines that amounts deferred under the Plan have been constructively received by Participants and must be recognized as income for federal income tax purposes, distributions shall be made to Participants, as
determined by the Administrator. The determination of the Administrator under this Section 8.03 shall be binding and conclusive. 

  
 - Page 8.1 -

 SECTION IX—MISCELLANEOUS 

 

	9.01	Successors of the Company 

The rights and obligations of the Company under the Plan shall inure to the benefit of, and shall be binding upon, the successors and
assigns of the Company. 
  

	9.02	ERISA Plan 

 The Plan is
intended to be an unfunded plan maintained primarily to provide deferred compensation benefits for “a select group of management or highly compensated employees” within the meaning of Sections 201, 301 and 401 of ERISA and therefore to be
exempt from Parts 2, 3 and 4 of Title I of ERISA. 
  

	9.03	Trust 

 The Company shall
be responsible for the payment of all benefits under the Plan. Except as otherwise required by Section X, the Company, at its discretion, may establish one or more grantor trusts for the purpose of providing for payment of benefits under the Plan.
Such trust(s) may be irrevocable, but the assets thereof shall be subject to the claims of the Company’s creditors. Benefits paid to the Participant from any such trust shall be considered paid by the Company for purposes of meeting the
obligations of the Company under the Plan. 
  

	9.04	Employment Not Guaranteed 

Nothing contained in the Plan nor any action taken hereunder shall be construed as a contract of employment or as giving any Participant
any right to continued employment with the Corporation. 
  

	9.05	Gender, Singular and Plural 

 All pronouns and variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person(s) requires. As the context may require, the singular may be read as the
plural and the plural as the singular. 
  

	9.06	Headings 

 The headings of
the Sections, subsections and paragraphs of the Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions. 

  
 - Page 9.1 -

	9.07	Validity 

 If any
provision of the Plan is held invalid, void or unenforceable, the same shall not affect, in any respect, the validity of any other provision(s) of the Plan. 
  

	9.08	Waiver of Breach 

 The
waiver by the Company of any breach of any provision of the Plan by a Participant or Beneficiary shall not operate or be construed as a waiver of any subsequent breach. 
  

	9.09	Applicable Law 

 The Plan
is intended to conform and be governed by ERISA. In any case where ERISA does not apply, the Plan shall be governed and construed in accordance with the laws of the Commonwealth of Pennsylvania. 

 

	9.10	Notice 

 Any notice
required or permitted to be given to the Administrator under the Plan shall be sufficient if in writing and either hand-delivered, or sent by first class mail to the principal office of the Company at One PPG Place, Pittsburgh, PA 15272, directed to
the attention of the Administrator. Such notice shall be deemed given as of the date of delivery. 

  
 - Page 9.2 -

 SECTION X—CHANGE IN CONTROL 

 

	10.01	 Payments to a Trustee 

 Upon, or in reasonable anticipation of, a Change in Control, as defined in Section 10.02 below, the Senior Vice President, Human Resources and Administration and the Senior Vice President, Finance,
or either of them or their successor, shall cause an amount, as they deem appropriate, to be paid to a trustee on such terms as they shall deem appropriate (including such terms as are appropriate to cause such payment not to be a taxable event to
Participants, if possible, and to cause such Awards to be distributable to Participants in accordance with elections filed with the Administrator). Such amount shall be paid in cash and shall be sufficient, at a minimum, to equal to all deferred
amounts credited to the Investment Accounts, the Transferred Interest Account, and the PPG Stock Account. Amounts in the PPG Stock Account shall be converted to cash on the basis of the fair market value of PPG Stock on the date of the occurrence of
the Change in Control, or, if higher, within 30 days of such date. Amounts in the Investment Accounts shall be converted to cash on the basis of the fair market value of the appropriate Investment Account on the date of the occurrence of the Change
in Control, or, if higher, within 30 days of such date. 
  

	10.02	 Definition: Change in Control 

 A “Change in Control” shall mean: 
  

	 	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”). 

 For purposes of this subsection (a) the following acquisitions shall not constitute a
Change in Control: 
 Any acquisition directly from the Company; 

Any acquisition by the Company; 
 Any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or 

  
 - Page 10.1 -

 Any acquisition by any corporation pursuant to a transaction which complies with clauses
(i), (ii) and (iii) of paragraph (c) of this Section 10.02. 
  

	 	(b)	Individuals who, as of September 20, 1995, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to such date whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising
the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

 

	 	(c)	Approval by the shareholders of the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the
Company (a “Business Combination”), in each case, unless, following such Business Combination: 

  

	 	(i)	All or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company
or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be; 

  

	 	(ii)	 No Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination)
beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting

  
 - Page 10.2 -

	 	
securities of such corporation except to the extent that such ownership existed prior to the Business Combination; and 

 

	 	(iii)	At least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time
of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

  

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company; or 

 

	 	(e)	A majority of the Board otherwise determines that a Change in Control shall have occurred. 

 

	10.03	 Plan Provisions 

 Following
a Change in Control, the Plan may not be amended and may not be terminated. Upon a Change in Control, in accordance with Section 10.01, the Plan Document then in existence (“Controlling Plan”) shall be provided to the Trustee. The
Controlling Plan shall govern all amounts transferred and remain in effect until the Trustee has paid all such amounts to Participants and/or Beneficiaries. 

  
 - Page 10.3 -Deferred Compensation Plan related to compensation deferred on or after 1/1/2005

 Exhibit 10.4 
 PPG INDUSTRIES, INC. 
 DEFERRED COMPENSATION PLAN 

 Preamble 
 The Plan is adopted primarily for the purpose of providing deferred compensation to a select group of management and highly compensated employees. 
 This PPG Industries, Inc. Deferred Compensation Plan (this “Plan”) is an amendment and restatement of the PPG Industries, Inc. Deferred Compensation Plan as in effect on December 12, 2007
(the “Prior Plan”). Except as otherwise provided herein, this amended and restated Plan applies to deferrals of all compensation that is earned or that becomes vested on or after January 1, 2005 (including any earnings thereon)
(except that the Plan was operated in good faith compliance with the requirements of Section 409A of the Internal Revenue Code for periods prior to January 1, 2008). All such deferred compensation shall be paid in accordance with the terms
of this amended and restated Plan. The Prior Plan applies to deferrals of all compensation that was earned and vested prior to January 1, 2005 (including any earnings thereon). This amendment and restatement of the Plan is made on
December 8, 2010, and is effective as of January 1, 2011. 

 Table of Contents 

 

			
	Section I	  	Definitions
	Section II	  	Deferrals
	Section III	  	Investment Options
	Section IV	  	Restoration Contributions
	Section V	  	Withdrawal Provisions
	Section VI	  	Specific Provisions Related to Benefits
	Section VII	  	Administration and Claims
	Section VIII	  	Amendment and Termination
	Section IX	  	Miscellaneous
	Section X	  	Change in Control

 SECTION I—DEFINITIONS 

 

	1.01	Account means all deferred Award amounts, all deferred Salary amounts, all deferred Payments pursuant to the LTIP or Executive Officers’ LTIP, all deferred
Omnibus Plan Stock Awards, all Savings Plan Restoration Contributions and all Defined Contribution Retirement Plan Restoration Contributions and earnings on each of the foregoing held at any particular time in the form of Stock Account Shares or
Investment Account Shares in a Participant’s account established pursuant to the terms hereof. 

  

	1.02	Administrator means an officer or officers of the Company appointed by the Committee, and any person(s) designated by such Administrator to assist in the
administration of the Plan. 

  

	1.03	Affiliate means any business entity, other than a Subsidiary, in which PPG has an equity interest. 

 

	1.04	Annual Plan means the PPG Industries, Inc. Executive Officers’ Annual Incentive Compensation Plan, as amended from time to time. 

 

	1.05	Award means a grant to a Participant under the IC Plan, MAP or the Annual Plan, and a Short-Term Cash Incentive Award under Article X of the Omnibus Plan which
such person may elect to defer. 

  

	1.06	Beneficiary means the person or persons designated by a Participant to receive benefits hereunder following the Participant’s death, in accordance with
Section 6.02. For purposes of this Section 1.06, “person or persons” is limited to an individual, a Trustee or a Participant’s estate. 

 

	1.07	Board means the Board of Directors of PPG Industries, Inc. 

  

	1.08	Code means the Internal Revenue Code of 1986, and amendments thereto. 

 

	1.09	Committee means the Officers-Directors Compensation Committee (or any successor) of the Board. 

 

	1.10	Company or PPG means PPG Industries, Inc. 

  

	1.11	Conversion Formula means, with respect to the cash component of an Award, the number of Stock Account Shares obtained by dividing such Award amount by the
closing price as reported on the New York Stock Exchange Composite Tape of PPG Stock on the date payment of the Award is processed. 

  

	1.12	 Corporation means PPG and any Subsidiary or Affiliate designated by the Administrator to permit such Subsidiary’s or Affiliate’s
employees to participate 

  
 - Page 1 -

	 	
in the Plan, and which, by proper authorization of the board of directors or other governing body of such Subsidiary or Affiliate, elects to participate in the Plan. 

 

	1.13	Defined Contribution Plan Restoration Contributions means contributions to a Participant’s Account in accordance with Section 4.02.

  

	1.14	Disability means a medical or physical impairment that can be expected to result in death or that can be expected to last for a continuous period of not less
than 12 months, by reason of which, a Participant has received income replacement benefits for a period of not less than six months under the Corporation’s disability plans, within the meaning of Section 409A of the Code.

  

	1.15	Discretionary Transaction means a transaction pursuant to any employee benefit plan of the Company that: 

 

	 	(a)	Is at the volition of the plan participant; 

  

	 	(b)	Is not made in connection with the participant’s death, disability, retirement or termination of employment; 

 

	 	(c)	Is not required to be made available to a plan participant pursuant to a provision of the Code; and 

 

	 	(d)	Results in either an intra-plan transfer involving a PPG Stock Fund or a cash distribution funded by a volitional disposition of PPG Stock by the plan participant.

  

	1.16	Employee means any full-time or permanent part-time salaried employee (including any officer) of the Corporation. 

 

	1.17	ERISA means the Employee Retirement Income Security Act of 1974, as amended. 

 

	1.18	Executive Officers’ LTIP means the PPG Industries, Inc Executive Officers’ Long Term Incentive Plan, as amended from time to time.

  

	1.19	IC Plan means the PPG Industries, Inc. Incentive Compensation Plan for Key Employees, as amended from time to time and formerly known as the PPG Industries, Inc.
Incentive Compensation and Deferred Income Plan for Key Employees. 

  

	1.20	Insider means a Participant who at any time within the prior six (6) months was a person subject to Section 16 of the Securities Act of 1934.

  

	1.21	Investment Account means, for any Participant, one or more recordkeeping accounts the value of which is based on or derived from such investment funds,

  
 - Page 2 -

 money market accounts or other investment vehicles as determined by the Committee from time
to time and pursuant to which such Participant makes elections pursuant to Section III hereof. 
  

	1.22	Investment Account Share means a recordkeeping unit for the appropriate Investment Account, in each case, equal in value to one share or other ownership unit of
the investment fund, money market account or other investment vehicle upon which the value of the particular Investment Account is based. 

  

	1.23	Key Employee has the meaning assigned to that term under Section 416(i) of the Code (determined without regard to subsection 416(i)(5) thereof). For
purposes of Sections 5.02(h) and 5.03(b), a Participant who is a Key Employee for a calendar year shall be treated as a Key Employee during the 12-month period commencing on the first day of the fourth month following the last day of such calendar
year. 

  

	1.24	LTIP means the PPG Industries, Inc. Long Term Incentive Plan, as amended from time to time. 

 

	1.25	MAP means the PPG Industries, Inc. Management Award and Deferred Income Plan, as amended from time to time and formerly known as the PPG Industries, Inc.
Management Award and Deferred Income Plan. 

  

	1.26	Omnibus Plan means the PPG Industries, Inc. Omnibus Incentive Plan, as amended from time to time. 

 

	1.27	Omnibus Plan Stock Award means an Award (as that term is defined under the Omnibus Plan) other than an Option, Stock Appreciation Right (as those terms are
defined in the Omnibus Plan) or Short-Term Cash Incentive Award under Article X of the Omnibus Plan, whether settled in cash or in PPG Stock. 

  

	1.28	Participant means an Employee who is approved to participate in either the LTIP, the Executive Officers’ LTIP, the IC Plan, MAP, or the Annual Plan or who
is eligible to receive an Omnibus Plan Stock Award or Short-Term Cash Incentive Award under Article X of the Omnibus Plan and has made one or more deferral elections pursuant to Section II hereof. 

 

	1.29	Payment has the meaning assigned to that term under the LTIP or the Executive Officers’ LTIP, as applicable. 

 

	1.30	Plan means this PPG Industries, Inc. Deferred Compensation Plan as amended and restated on December 13, 2006, effective as of January 1, 2007.

  

	1.31	Plan Year means any calendar year. 

  
 - Page 3 -

	1.32	PPG Stock means, as of any date, the then issued and outstanding voting common stock of the Company. Shares of PPG Stock issued or transferred in accordance with
the terms of the Plan may be either authorized but unissued shares or issued shares acquired by the Company and held in its treasury. 

  

	1.33	PPG Stock Account means a record-keeping account maintained for a Participant who elects to defer all or part of an Award, Salary, Payment, or Omnibus Plan Stock
Award and/or to maintain all or part of a deferred Award, Salary, Payment, or Omnibus Plan Stock Award in the form of Stock Account Shares. 

  

	1.34	PPG Stock Fund means the PPG Stock Account or any other fund or account of any other benefit plan of the Company or a Subsidiary which account or fund is
invested in, or valued based upon, PPG Stock. 

  

	1.35	Prohibited Discretionary Transaction means a Discretionary Transaction to be effected pursuant to an election made less than six months following the date of the
most recent previous election to make a Discretionary Transaction with respect to any employee benefit plan of the Company which most recent previous election effected: 

 

	 	(a)	An increase in a PPG Stock Fund if the current transaction would entail a disposition of PPG Stock or a decrease in a PPG Stock Fund; or 

 

	 	(b)	A disposition of PPG Stock or a decrease in a PPG Stock Fund if the current transaction would entail an increase in a PPG Stock Fund. 

 

	1.36	Retired Participant means a Participant who elects to maintain an Account in the Plan after his/her Retirement Date. 

 

	1.37	Retirement Age means the date on which a Participant is eligible to receive a benefit from a retirement plan sponsored by the Corporation.

  

	1.38	Retirement Date means the first day of the month following a Participant’s termination of employment on or after such Participant’s Retirement Age.

  

	1.39	Salary means a Participant’s monthly base salary from the Corporation (excluding bonuses, commissions and other non-regular forms of compensation) and
including payments from the PPG Industries Salary Continuance Plan, before reductions for deferrals under the Plan or under any other Plan sponsored by the Corporation. In the case of Salary continuance, Salary deferral elections shall be applied to
the actual amount of Salary continuance being paid. Effective January 1, 2009, any temporary reduction in a Participant’s monthly base salary pursuant to the Fiber Glass business unit temporary salary reduction program shall be disregarded
in determining such Participant’s Salary, and such Participant’s Salary shall be determined without regard to such temporary reduction. 

  
 - Page 4 -

	1.40	Savings Plan means the PPG Industries Employee Savings Plan, as amended from time to time. 

 

	1.41	Savings Plan Restoration Contributions means contributions to a Participant’s Account in accordance with Section 4.01. 

 

	1.42	Stock Account Share means a record-keeping unit which is equivalent to one share of PPG Stock. 

 

	1.43	Subsidiary means any corporation of which fifty percent (50%) or more of the outstanding voting stock or voting power is owned, directly or indirectly, by
the Company and any partnership or other entity in which the Company has a fifty percent (50%) or more ownership interest. 

  

	1.44	Unforeseeable Emergency means a severe financial hardship to a Participant resulting from (i) an illness or accident of such Participant, the
Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in Code Section 152, without regard to subsections 152(b)(1), (b)(2) and (d)(1)(B)), (ii) loss of the Participant’s
property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance, for example, not as a result of a natural disaster), or (iii) other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant, to the extent that such financial hardship is not or may not be relieved through reimbursement or compensation from insurance or otherwise, by liquidation of the
Participant’s assets (to the extent the liquidation of such assets would not cause severe financial hardship), or by cessation of deferrals of Salary, Awards or Payments. 

  
 - Page 5 -

 SECTION II—DEFERRALS 

2.01 Deferral of Salary  
  

	 	(a)	Prior to the beginning of each Plan Year, a Participant may, in accordance with procedures established from time to time by the Administrator, elect to defer a
percentage, in whole percentages only, of his/her Salary for services performed for such Plan Year as follows: 

  

							
		 	Minimum Deferral	 	Maximum Deferral	 	
		 	1%	 	50%	 	

  

	 	(b)	 Elections made pursuant to Section 2.01 shall remain in effect until (i) the last day of the Plan Year to which such election applies, or
(ii) in the discretion of the Administrator, terminated or modified pursuant to a new election filed by a Participant in accordance with the requirements of Section 2.01(a) and Section 2.01(c). Notwithstanding the foregoing, a
Participant may elect to cancel a deferral election (i) upon an Unforeseeable Emergency, or (ii) pursuant to the Participant’s Disability, provided that such cancellation election is made by the later of December 31 of the Plan
Year in which the Disability occurs or the 15th day of the
third month following the date of the Disability. 

  

	 	(c)	Except as provided by Section 2.05, any election filed by a Participant pursuant to Section 2.01(a), including any election to terminate or modify an
election, must be received by the Administrator on or before the last business day of the Plan Year prior to the Plan Year in which such election is to become effective. Deferred Salary shall be credited to the Participant’s Account on the last
day of the month in which the deferral is made. 

  

	 	(d)	The number of Stock Account Shares credited to the PPG Stock Account shall be determined by the closing price as reported on the New York Stock Exchange Composite Tape
for PPG Stock on the last business day of the month in which the deferral is made. 

  

	 	(e)	The number of Investment Account Shares credited to the appropriate Investment Account shall be determined by the closing market price for shares of the mutual fund on
which the value of the Investment Account is based on the last business day of the month in which the deferral is made. 

  

	 	(f)	Notwithstanding any other provision of this Section 2.01, a Participant may file a new deferral election with respect to Salary for services performed during the
2005 Plan Year no later than March 15, 2005 (and 

  
 - Page 6 -

 any such new election filed between January 1, 2005 and March 15, 2005 shall
replace any election filed on or before December 31, 2004) that (i) increases the deferral of Salary earned on or after April 1, 2005, or (ii) cancels all deferral elections with respect to Salary earned from January 1, 2005
through April 15, 2005. In the event of a cancellation of a deferral election pursuant to clause (ii) above, the amount deferred prior to the filing of such election, adjusted for earning or losses, shall be paid to such Participant as
soon as practicable after the election is filed, but in no event later than December 31, 2005. 
  

	2.02	Deferral of Awards  

  

	 	(a)	Prior to the beginning of the Plan Year, a Participant may, in accordance with procedures established from time to time by the Administrator, elect to defer a
percentage, in whole percentages only and no less than 10%, of his/her Award granted for such Plan Year. Elections made pursuant to Section 2.02 shall be effective (i) with respect to Awards earned during the Plan Year to which such
election applies, or (ii) in the discretion of the Administrator, with respect to Awards earned in subsequent Plan Years until terminated or modified pursuant to a new election filed by a Participant in accordance with the requirements of
Section 2.02(a) and Section 2.02(b). 

  

	 	(b)	 Except as otherwise provided in Section 2.05, any election filed by a Participant pursuant to Section 2.02(a), including any election to
terminate or modify an election, must be received by the Administrator on or before the last business day of the Plan Year prior to the Plan Year in which such election is to become effective. Notwithstanding the foregoing, a Participant may elect
to cancel a deferral election (i) upon an Unforeseeable Emergency, or (ii) pursuant to the Participant’s Disability, provided that such cancellation election is made by the later of December 31 of the Plan Year in which the
Disability occurs or the 15th day of the third month
following the date of Disability. 

  

	 	(c)	 Except as provided by Section 2.05, any election filed by a Participant pursuant to Section 2.02(a), including any election to terminate or
modify an election, must be received by the Administrator on or before the last business day of the Plan Year prior to the Plan Year in which such election is to become effective. Notwithstanding the foregoing, a Participant may elect to cancel a
deferral election (i) upon an Unforeseeable Emergency, or (ii) pursuant to the Participant’s Disability, provided that such cancellation election is made by the later of December 31 of the Plan Year in which the Disability occurs
or the 15th day of the third month following the date of
the Disability. 

  

	 	(d)	In accordance with the provisions of this Section 2.02, the value of: 

  
 - Page 7 -

	 	(1)	that portion of the cash component of an Award which the Participant elects to defer and has designated in accordance with Section 3.01 to the PPG Stock Account;
and/or 

  

	 	(2)	the stock component of a deferred Award 

 shall be credited to the PPG Stock Account in the Participant’s Account on the day such deferral would otherwise have been paid to the Participant. 

 

					
	 (e)    
	  	(1)  	 	Share-based Awards credited to the PPG Stock Account shall be credited in the form of Stock Account Shares and cash Awards credited to the PPG Stock Account shall be credited in the
form of whole and fractional Stock Account Shares, the number of which will be determined according to the Conversion Formula.

  

	 	(2)	Cash-based Awards credited to the Investment Account(s) shall be credited in the form of Investment Account Shares, the number of which will be determined according to
the most recent closing market value of the appropriate Investment Account Shares as of the date credited to the Participant’s Investment Account(s). 

  

	 	(f)	Any amount designated by the Participant for in-service withdrawal in accordance with Section 5.01(b) hereof may not be credited to the PPG Stock Fund.

  

	 	(g)	Notwithstanding any other provision of this Section 2.02, at any time on or before March 15, 2005, a Participant may cancel any prior deferral election for
Awards that were earned in 2004. 

  

	2.03	Deferral of Payment under the LTIP and the Executive Officers’ LTIP and Deferral of Omnibus Plan Stock Award  

 

	 	(a)	A participant who is entitled to receive a Payment under the terms of the LTIP or the Executive Officers’ LTIP, or an Omnibus Plan Stock Award under the Omnibus
Plan may elect to defer receipt of such Payment, or Omnibus Plan Stock Award in accordance with this Section 2.03. 

  

	 	(b)	A Participant may elect to defer either 25%, 50%, 75% or 100% of his/her Payment or Omnibus Plan Stock Award. Any balance that is not deferred in accordance with this
Section 2.03 shall be paid to the Participant as provided in the LTIP, the Executive Officers’ LTIP, or the Omnibus Plan, as applicable. 

  

	 	(c)	Except as otherwise provided in Section 2.05, all elections with respect to a Payment or Omnibus Plan Stock Award pursuant to this Section 2.03

  
 - Page 8 -

 must be filed no later than (i) if such Payment or Omnibus Plan Stock Award meets the
requirements for performance-based compensation with the meaning of Treasury Regulation Section 1.409A-1(e), the last day of the year prior to the last year of the period of service with respect to which the Payment or Omnibus Plan Stock Award
is made, or (ii) if such Payment or Omnibus Plan Stock Award does not meet the requirements for performance-based compensation within the meaning of Treasury Regulation Section 1.409A-1(e), the last day of the year prior to the first year
of the period of service with respect to which the Payment or Omnibus Plan Stock Award is made , and, in either case, such election shall become irrevocable as of the first day of the last year of such period or the first year of such period, as
applicable. Notwithstanding the foregoing, in the case of an election with respect to a Payment or Omnibus Plan Stock Award that constitutes performance-based compensation with the meaning of Treasury Regulation Section 1.409A-1(e), no election
to defer a Payment or Omnibus Plan Stock Award may be made after such Payment or Omnibus Plan Stock Award becomes readily ascertainable and the Participant must be continuously employed from the later of the beginning of the performance period with
respect to which the Payment or Omnibus Plan Stock Award is made or the date the performance criteria applicable to such Payment or Omnibus Plan Stock Award are established, to the date of the election under this Section 2.03. 

The Administrator may, in its discretion, adopt a procedure, pursuant to which an election made by a Participant with respect to a Payment
or an Omnibus Plan Stock Award will continue in effect with respect subsequent Payments or Omnibus Plan Stock Awards unless and until modified by such Participant. In such event, any election filed by a Participant to terminate or modify an election
with respect to a Payment or an Omnibus Plan Stock Award must be received by the Administrator on or before the election deadline set forth above with respect to such Payment or Omnibus Plan Stock Award. 

 

	 	(d)	In accordance with the provisions of Sections 2.03(a), (b) and (c) above, the value of that portion of the cash component of a Payment or Omnibus Plan Stock
Award which the Participant elects to defer under this Plan and has designated to one or more of the Investment Accounts in accordance with Section 3.01 shall be credited to such Investment Account(s) on the day such deferral would otherwise
have been paid to the Participant. 

  

	 	(e)	In accordance with the provisions of this Section 2.03, the value of: 

 

	 	(1)	that portion of the cash component of a Payment or Omnibus Plan Stock Award which the Participant elects to defer and has designated in accordance with
Section 3.01 to the PPG Stock Account; and/or 

  
 - Page 9 -

	 	(2)	the stock component of a deferred Payment or Omnibus Plan Stock Award 

 shall be credited to the PPG Stock Account in the Participant’s Account on the day such deferral would otherwise have been paid to the Participant. 

 

					
	 (f)    
	  	(1)    	  	Share-based portions of Payments and Omnibus Plan Stock Awards credited to the PPG Stock Account shall be credited in the form of Stock Account Shares and cash-based portions of
Payments and Omnibus Plan Stock Awards credited to the PPG Stock Account shall be credited in the form of whole and fractional Stock Account Shares, the number of which will be determined according to the Conversion Formula.

	 	

  

	 	(2)	Cash-based portions of Payments and Omnibus Plan Stock Awards credited to the Investment Account(s) shall be credited in the form of Investment Account Shares, the
number of which will be determined according to the most recent closing market value of the appropriate Investment Account Shares as of the date credited to the Participant’s Investment Account(s). 

2.04 Dividend Equivalents under the LTIP, the Executive Officers’ LTIP or the Omnibus Plan  

 

	 	(a)	Dividend Equivalents credited to a Participant in accordance with the LTIP, the Executive Officers’ LTIP or, with respect to Omnibus Plan Stock Awards, the Omnibus
Plan, shall be credited to such Participant’s PPG Stock Account in the form of Stock Account Shares or to such Participant’s Other Investment Account(s), as designated by the Participant in accordance with Section 3.01.

  

	 	(b)	The number of Stock Account Shares, if any, credited to the PPG Stock Account pursuant to Section 2.04(a) above shall be determined on the basis of the closing
price as reported on the New York Stock Exchange Composite Tape of PPG Stock for the day on which the corresponding dividend is paid on PPG Stock. 

  

	 	(c)	Dividend Equivalents credited to the Investment Account(s) shall be credited in the form of Investment Account Shares in the same manner as cash Awards are credited to
Investment Account(s). 

 2.05 New Participants  

 

	 	(a)	Notwithstanding any other provision of this Plan to the contrary, in the case of the first year a Participant becomes eligible to participate in the

  
 - Page 10 -

 Plan, such Participant’s election to defer Salary, may be made within thirty days after
the date the Participant becomes eligible to participate in the Plan. Such election shall be effective the first day of the month following such thirty day period. 
  

	 	(b)	If a Participant first becomes eligible to participate in the Plan prior to June 1 of a calendar year, such Participant may file an election to defer an Award or a
Payment for such year no later than June 30 of such year provided that such Award or Payment constitutes performance-based compensation within the meaning of Treasury Regulation Section 1.409A-1(e) (or any successor regulation) and,
otherwise, shall not be permitted to file an election to defer such an Award or Payment. 

  

	 	(c)	If a Participant first becomes eligible to participate in the plan on or after June 1 of a calendar year, such Participant may not file an election to defer an
Award or a Payment for such year. For purposes of this Section 2.05, the date on which a Participant first becomes eligible to participate in the Plan is the date on which such Participant is notified of his or her eligibility.

  

	2.06	Vesting  

  

	 	(a)	All amounts credited to a Participant’s Account shall be 100% vested at all times, except to the extent provided in Section 5.03(c). 

  
 - Page 11 -

 SECTION III—INVESTMENT OPTIONS 

 

	3.01	Investment Election  

  

	 	(a)	Participants must file an election with the Administrator designating the investment election for any cash amounts or Dividend Equivalents from the LTIP, the Executive
Officers’ LTIP or the Omnibus Plan being credited to the Plan. If a Participant does not provide an investment election to the Administrator in accordance with this Section 3.01, such Participant shall be deemed to have filed an election
to have elected all amounts to be deemed invested in such Investment Account as the Committee shall determine from time to time. 

  

	 	(b)	Any election filed by a Participant under Section 3.01(a) above shall remain in effect unless and until the Participant files a new election with the
Administrator. 

  

	 	(c)	Elections filed in accordance with this Section 3.01 must be filed in accordance with the procedure established by the Administrator. 

 

	3.02	Investment Accounts  

Amounts credited to the Investment Accounts shall be credited in the form of whole and fractional Investment Account Shares. 

 

	3.03	PPG Stock Account  

  

	 	(a)	Amounts credited to the PPG Stock Account shall be credited in the form of whole and fractional Stock Account Shares. 

 

	 	(b)	Participants shall not receive cash dividends or have voting or other shareholders’ rights as to Stock Account Shares; however, Stock Account Shares shall accrue
whole and fractional dividend equivalents, in the form of additional Stock Account Shares, on the basis of the closing price as reported on the New York Stock Exchange Composite Tape for PPG Stock for the day on which the dividend with respect to
which such dividend equivalent is credited is paid, based on the number of whole and fractional Stock Account Shares in the PPG Stock Account on the record date. 

 

	3.04	Transfers  

  

	 	(a)	Subject to paragraph (b) below, a Participant who has a balance in the Investment Accounts may elect to transfer any amounts between/among the Investment Accounts
or into the PPG Stock Account. Such transfers shall be subject to the following: 

  
 - Page 12 -

	 	(1)	Participants must file a transfer request with the Administrator in accordance with the procedure established by the Administrator. 

 

					
	 (2)   
	  	(A)  	  	For transfers into the PPG Stock Account, the number and value of whole and fractional Stock Account Shares shall be determined by the closing price as reported on the New York
Stock Exchange Composite Tape of PPG Stock on the last business day of the month in which the election is received by the Administrator.

  

	 	(B)	For transfers into and out of any of the Investment Accounts, the number and value of whole and fractional Investment Account Shares shall be determined by the closing
price of the appropriate Investment Account Share on the date of such transfer. 

  

	 	(3)	No transfers may be made out of the PPG Stock Account at any time. 

  

	 	(4)	A Participant may file no more than five (5) transfer requests per calendar quarter separately with respect to (i) amounts credited to Section 4.02,
(ii) each amount subject to a scheduled in service withdrawal on a specified date pursuant to Section 3.05, (iii) all other amounts attributable to amounts deferred prior to January 1, 2005 and (iv) all other amounts
attributable to deferrals on or after January 1, 2005. 

  

	 	(b)	Insiders are prohibited from making any transfer which would constitute a Prohibited Discretionary Transaction. 

 

	3.05	Scheduled In-Service Withdrawals  

  

	 	(a)	A Participant must file a separate investment election with respect to amounts that the Participant has elected to be paid as a Scheduled In-Service Withdrawal pursuant
to Section 5.01. A single election shall be made for all amounts scheduled to be paid on the same date. No such election may designate the investment of any such amount in the PPG Stock Fund. 

  
 - Page 13 -

 SECTION IV—RESTORATION CONTRIBUTIONS 

4.01 Savings Plan Restoration Contributions  
  

	 	(a)	Savings Plan Restoration Contributions will be credited to the accounts of Participants in the manner set forth in Section 4.01(b). The amount with respect to
which Stock Account Shares are credited to a Participant’s PPG Stock Account for a month pursuant to Section 4.01(b) shall be an amount equal to the difference between (1) and (2) below, but no greater than the amount of such
Participant’s deferred Salary for such month: 

  

	 	(1)	The amount of Company matching contributions that would have been credited to such Participant’s account under the Savings Plan for such month (i) without
regard to the limitations of Section 401(a)(17) of the Code, and (ii) by including the Participant’s Salary deferral amounts pursuant to Section 2.01 of this Plan in the determination of such Participant’s eligible earnings
for such month. 

  

	 	(2)	The amount of Company matching contributions actually credited to such Participant’s account under the Savings Plan for such month. 

 

	 	(b)	Savings Plan Restoration Contributions for a month shall be credited to the Participant’s PPG Stock Account in the form of Stock Account Shares at the same time as
the associated matching contributions for such month under the Savings Plan are contributed to the Savings Plan. The number of whole and fractional Stock Account Shares shall be determined by using the closing price as reported on the New York Stock
Exchange Composite Tape for PPG Stock on the last business day of the month in which such Restoration Contributions are made, and shall be credited to the Participant’s Account as of such day. 

 

	 	(c)	Savings Plan Restoration Contributions may not be transferred from the PPG Stock Account. 

 

	4.02	Defined Contribution Retirement Plan Restoration Contributions  

  

	 	(a)	Effective January 1, 2006, Defined Contribution Retirement Plan Restoration Contributions will be credited to the Accounts of Participants on an annual basis after
the end of each Plan Year. The amount credited to a Participant’s Account for a Plan Year shall be an amount equal to the difference between (1) and (2) below: 

 

	 	(1)	The amount of employer contributions that would have been credited to such Participant’s account under the PPG Industries, 

  
 - Page 14 -

 Inc. Defined Contribution Retirement Plan for such Plan Year determined (A) without
regard to the limitations of Sections 401(a)(17) and 415 of the Code, and (B) by including bonus awards under the terms of the PPG Industries, Inc. Management Award Plan, Incentive Compensation Bonuses, Executive Officers Incentive Compensation
and other compensation amounts to the extent otherwise excluded from the definition of “Eligible Compensation” under the PPG Industries, Inc. Defined Contribution Retirement Plan for purposes of determining allocations thereunder for such
Plan Year. 
  

	 	(2)	The amount of employer contributions actually credited to such Participant’s account under the PPG Industries, Inc. Defined Contribution Retirement Plan for such
Plan Year. 

  

	 	(b)	Defined Contribution Plan Restoration Contributions shall be credited to the Investment Accounts in the same manner as cash amounts invested pursuant to Section 3.

  
 - Page 15 -

 SECTION V—WITHDRAWAL PROVISIONS 

 

	5.01	Scheduled In-Service Withdrawals  

  

	 	(a)	Except as otherwise provided in this Section V, payment of any amount designated by a Participant for in-service withdrawal, in accordance with the provisions of
Section 5.01(b) below, shall be made to the Participant in a lump sum as of the first day of the quarter/year specified by the Participant. 

  

	 	(b)	A Participant may designate for in-service withdrawal any portion of an Award that the Participant has elected to defer pursuant to Section 2.02 as follows:

  

	 	(1)	At the time an election is made to defer all or a portion of the cash component of an Award pursuant to Section 2.02, a Participant may designate all or a portion
of the cash component of such deferred amount, including any earnings thereon, to be paid on the first day of a specified quarter/year. 

  

	 	(2)	Withdrawal elections made pursuant to this Section 5.01 may not specify a year which is any sooner than the fourth Plan Year after the Plan Year in which the
deferred amount is credited to the Participant’s Account. 

  

	 	(3)	Any amount subject to withdrawal pursuant to this Section 5.01 must be invested in the Investment Account. 

 

	 	(4)	Any election made in accordance with this subsection 5.01(b) shall be irrevocable. 

 

	 	(c)	An election under this Section 5.01 shall become null and void upon the payment or commencement of payment of benefits under Section 5.02, 5.03, 5.04 or 5.05.

  

	5.02	Withdrawals at/after a Participant’s Retirement Date  

  

	 	(a)	In the event of a Participant’s termination of employment on or after the date of such Participant’s Retirement Age, such Participant’s Account shall be
paid in accordance with this Section 5.02. 

  

	 	(b)	A Participant may elect a payment schedule applicable to his/her Account provided such election is filed with the Administrator at the time the Participant files his or
her initial deferral election pursuant to Section 2.01, 2.02 or 2.03 of the Plan. Notwithstanding the foregoing, each Participant 

  
 - Page 16 -

 in the Plan who was an active Participant in the Plan on January 1, 2005, must file
such election no later than June 30, 2005. 
  

	 	(c)	Participants may elect: 

  

	 	(1)	One lump-sum payment; or 

  

	 	(2)	Quarterly or annual installments - to be made over a period of years, up to a maximum period of 15 years. 

 

	 	(d)	Subject to the provisions of this paragraph (d), a Participant may delay the first payment for a period up to five years following his/her Retirement Date; provided,
however, that, in all cases, payments must begin no later than the year in which the Participant’s 75th birthday occurs for Participants who retire prior to their 75th birthday; or no later than the Participant’s Retirement Date for
Participants who retire on or after their 75th birthday. Any election pursuant to this Section 5.02(d) shall be filed with and at the time of the election described in Section 5.02(b). 

 

	 	(e)	The payment schedule elected by the Participant shall apply to his/her entire Account, except as provided in subsection (j) below. Participants may designate the
first day of the quarter for the commencement of the payment schedule on an annual or quarterly basis. 

 Each
installment payment shall be calculated by dividing the Participant’s then current Account balance by the remaining number of installments (e.g.: Ten annual installments shall be paid: 1st installment = 1/10 of Account balance at time of
payment; 2nd installment = 1/9 of Account balance at time of payment; 3rd installment = 1/8 of Account balance at time of payment, etc.). If the installment payment is to be in the form of PPG Stock, such distribution shall be made in whole shares
and cash equal to any fractional share. 
  

	 	(f)	In the event a Participant fails to file a payment schedule election with the Administrator at the time described in Section 5.02(b), his/her Account shall be paid
in one lump sum on the later of (i) the first day of the first quarter of a Plan Year that is six months and ten days following such Retirement Date or (ii) January 1 of the year following such Retirement Date.

  

	 	(g)	A Participant who has filed a payment election in accordance with this Section 5.02 may, at any time thereafter, file a subsequent election that specifies another
form or time of payout, provided that: 

  

	 	(1)	Any subsequent election filed less than 12 months prior to the 

  
 - Page 17 -

 date on which payment of the Participant’s Account would otherwise have commenced or
been made shall be disregarded, null and void; 
  

	 	(2)	 The date on which payment of the Participant’s Account will be made or commence under such subsequent election must be (i) at least five
years later than the date on which such payment would otherwise have been made under such Participant’s original election, and (ii) no later than ten years following his/her Retirement Date; provided, however, that in all cases, payments
must begin no later than the year in which the Participant’s 75th birthday occurs for Participants who retire prior to their 75th birthday, or no later than the Participant’s Retirement Date for Participant’s who retire on or after their 75th birthday; 

  

	 	(3)	The form and time of payment elected under such subsequent election may not cause any payment to be paid sooner than such payment would otherwise have been paid under
such Participant’s original election; and 

  

	 	(4)	The form of payment must be one permitted under 5.02(c). 

 For purposes of this Section 5.02(g), an installment form of payment shall be treated as one payment. Accordingly, a Participant may elect to change his or her payment election from an installment
form to a lump sum provided that such election is filed at least 12 months prior to the date on which such installment payments are scheduled to commence and provided that the lump sum is paid no earlier than the fifth anniversary of the date on
which such installments were scheduled to commence. 
  

	 	(h)	Notwithstanding any other provision of this Section 5.02, no amount shall be payable under this Section 5.02 earlier than (i) in the case of a
Participant who is a Key Employee, the first day of the seventh month following the date of such Key Employee’s Separation from Service with the Corporation (as that term is defined in Section 409A of the Code and the regulations
thereunder), and (ii) in the case of a Participant who is a non-Key Employee, the date of such non-Key Employee’s Separation from Service with the Corporation. In the event the provisions of this Section 5.02 would otherwise require
that a payment be made to a Participant prior to the date specified in clause (i) or (ii) above, as applicable, such payment shall be postponed and made on the date specified in clause (i) or (ii), as applicable.

  

	 	(i)	Notwithstanding any other provision of this Section 5.02 (other than subsection (j) below), all amounts credited to the Account of a Participant

  
 - Page 18 -

 that are attributable to Defined Contribution Retirement Plan Restoration Contributions
credited pursuant to Section 4.02(a) and investments credits thereon pursuant to Section 4.02(b) shall be paid in a lump sum on the date that is the later of (i) the first day of the first quarter of a Plan Year that is six months and
10 days following such Participant’s Retirement Date or (ii) January 1 of the year following such Retirement Date. 
  

	 	(j)	Notwithstanding any other provision of this Section 5.02, if, at the time the Participant’s payments commence under this Section 5.02, the
Participant’s Account balance is $2,000 or less, such Participant’s Account shall be paid in a lump sum on such date and the Participant’s form of payment election shall be disregarded, null and void. 

 

	5.03	Withdrawals Following Termination  

  

	 	(a)	In the event of a Participant’s termination of employment prior to the Participant’s Retirement Age, such Participant’s Account shall be paid in a lump
sum on the date that is the later of (i) the first day of the first quarter of a Plan Year that is six months and 10 days following such termination of employment or (ii) January 1 of the year following such termination of employment.

  

	 	(b)	Notwithstanding any other provision of this Section 5.03, no amount shall be payable under this Section 5.03 earlier than (i) in the case of a
Participant who is a Key Employee, the first day of the seventh month following the date of such Key Employee’s Separation from Service with the Corporation (as that term is defined in Section 409A of the Code), and (ii) in the case
of a Participant who is a non-Key Employee, the date of such non-Key Employee’s Separation from Service with the Corporation. In the event the provisions of this Section 5.03 would otherwise require that a payment be made to a Participant
prior to the date specified in clause (i) or (ii) above, as applicable, such payment shall be postponed and made on the date specified in clause (i) or (ii), as applicable. 

 

	 	(c)	Notwithstanding any other provision of the Plan, the portion of a Participant’s Account that is attributable to Defined Contribution Retirement Plan Restoration
Contributions (including any earnings and losses thereon) shall be paid to a Participant pursuant to this Section 5.03 only if, at the time of such Participant’s termination of employment, such Participant is a Vested Participant as that
term is defined under the PPG Industries, Inc. Defined Contribution Retirement Plan. The Account of a Participant who is not a Vested Participant shall be forfeited at the same time as such Participant’s account under the PPG Industries, Inc.
Defined Contribution Retirement Plan is forfeited. If such Participant is later rehired, such Participant’s Account shall be restored to the same extent 

  
 - Page 19 -

 that such Participant’s account under the PPG Industries, Inc. Defined Contribution
Retirement Plan is restored. 
  

	5.04	Withdrawals in the event of Disability  

  

	 	(a)	In the event a Participant’s Disability, such Participant’s Account shall be paid in a lump sum on the date that is the later of (i) the first day of the
first quarter of a Plan Year that is six months and 10 days following the date on which such Participant is determined to be Disabled, or (ii) January 1 of the year following the year in which such Participant is determined to be Disabled.

  

	5.05	Withdrawals Following a Participant’s Death  

  

	 	(a)	In the event of a Participant’s death, the Participant’s entire Account shall be paid to the Participant’s Beneficiary in a lump sum as soon as
practicable following the Participant’s death. 

  

	5.06	Withdrawals upon finding of Unforeseeable Emergency  

  

	 	(a)	Upon a finding that the Participant has suffered an Unforeseeable Emergency, the Administrator may, in his sole discretion, permit the acceleration of a withdrawal
under the Plan in an amount reasonably necessary to alleviate the financial hardship giving rise to such Unforeseeable Emergency. 

  

	 	(b)	The amount paid to a participant pursuant to this Section 5.06 shall not exceed the amount necessary to satisfy such emergency plus amounts reasonably necessary to
pay any federal, state, local or foreign taxes reasonably anticipated as a result of such payment. 

  

	 	(c)	Notwithstanding the foregoing, no amount attributable to a Participant’s Defined Contribution Retirement Plan Restoration Contributions (including investment
credits pursuant to Section 4.02(b)) shall be available for withdrawal pursuant to this Section 5.06. 

  

	5.07	Methods of Payment  

  

	 	(a)	PPG Stock Account  

 Any
payment from the PPG Stock Account shall be paid in the form of PPG Stock. 
 At the time of the final scheduled payment,
payments from the PPG Stock Account with respect to remaining fractional shares of PPG Stock shall be converted to and paid in cash. 

  
 - Page 20 -

	 	(b)	Investment Accounts  

Payments from the Investment Accounts shall be made in cash. The value shall be determined using the value of the closing price of the
appropriate Investment Account Shares on the last business day of the month preceding the month in which the distribution is made. 
  

	 	(c)	All payments to Participants, or their Beneficiaries, shall be made on the first business day of a calendar quarter or as soon as reasonably practicable thereafter.

  

	5.09	Termination of Employment in 2005  

 Notwithstanding any other provision of this Plan, if a Participant terminates employment in 2005, all amounts credited to the Account of such Participant shall be paid in a single lump sum cash payment as
soon as practicable on or after such termination of employment but no later than December 31, 2005, provided that a Participant who has filed an election under Section 5.02(c) may, in the event of such Participant’s termination of
employment on or before December 31, 2005, and on or after such Participant’s Retirement Age, elect to receive payment in accordance with such election in lieu of the payment described in this Section 5.09. 

 

	5.10	Payment Delays 

 Notwithstanding any other provision of this Plan, any payment to a Participant hereunder may, in the discretion of the Administrator, be delayed where (i) the Company reasonably anticipates that the
Company’s deduction with respect to such payment would not be permitted due to the application of Section 162(m) of the Code, provided that the payment is made either during the Participant’s first taxable year in which the Company
reasonably anticipates, or should reasonably anticipate, that if the payment is made during such year, the deduction of such payment will not be barred by application of Section 162(m) of the Code or during the period beginning with the date of
the Participant’s Separation from Service (within the meaning of Section 409A of the Code and the regulations thereunder) and ending on the later of the last day of the taxable year of the Company in which the Participant Separates from
Service or the 15th day of the third month following the
Participant’s Separation from Service and provided, further, that all such payments that could be delayed in accordance with this clause (i) are also so delayed, or (ii) the Company reasonably anticipates that the making of the
payment will violate federal securities laws or other applicable law (in which case, such payment shall be made at the earliest date at which the Company reasonably anticipates that the making of the payment will not cause

  
 - Page 21 -

 such violation), or (iii) the making of the payment on the date otherwise provided
would jeopardize the ability of the Company to continue as a going concern, provided that payment is made during the first taxable year of the Participant in which the making of the payment would not have such effect. 

  
 - Page 22 -

 SECTION VI—SPECIFIC PROVISIONS RELATED TO BENEFITS 

 

	6.01	Nonassignability 

  

	 	(a)	Except as provided in paragraph (b) below and in Section 6.02, no person shall have any power to encumber, sell, alienate, or otherwise dispose of his/her
interest under the Plan prior to actual payment to and receipt thereof by such person; nor shall the Administrator recognize any assignment in derogation of the foregoing. No interest hereunder of any person shall be subject to attachment,
execution, garnishment or any other legal, equitable, or other process. 

  

	 	(b)	Section 6.01(a) above shall not apply to the extent that a Participant’s interest under the Plan is alienated pursuant to a “Qualified Domestic Relations
Order” (“QDRO”), as defined in §414(p) of the Code, received by the Administrator prior to January 1, 2011. 

  

	 	(1)	The Administrator is authorized to adopt such procedural and substantive rules and to take such procedural and substantive actions as the Administrator may deem
necessary or advisable to provide for the payment of amounts from the Plan to an Alternate Payee as provided in a QDRO. Such rules and actions shall be consistent with the principal purposes of the Plan. 

 

	 	(2)	Under no circumstances may the Administrator accept an order as a QDRO following a Participant’s death. 

 

	 	(3)	An Alternate Payee may not establish an account in the Plan. All amounts taken from a Participant’s Account, as provided in a QDRO, must be distributed as soon as
possible following the acceptance of an order as a QDRO. 

  

	6.02	Beneficiary Designation  

  

	 	(a)	The Participant shall have the right, at any time and from time to time, to designate any person(s) as Beneficiary. The designation of a Beneficiary shall be effective
on the date it is received by the Administrator, provided the Participant is alive on such date. 

  

	 	(b)	Each time a Participant submits a new Beneficiary designation form to the Administrator, such designation shall cancel all prior designations. 

 

	 	(c)	 In the case of a Participant who does not have a valid Beneficiary designation on file at the time of his/her death, or in the case the designated
Beneficiary predeceases the Participant, the entire balance in 

  
 - Page 23 -

	 	
the Participant’s Account shall be paid as soon as possible to the Participant’s estate. 

  

	 	(d)	Any Beneficiary designation with respect to a Participant in effect under the Prior Plan, shall remain in effect under this Plan, until a new Beneficiary designation
form is filed in accordance with this Section 6.02. 

  

	6.03	Limited Right to Assets of the Company 

 The Benefits paid under the Plan shall be paid from the general funds of the Company, and the Participants and any Beneficiary shall be no more than unsecured general creditors of the Company with no
special or prior right to any assets of the Company for payment of any obligations hereunder. 
  

	6.04	Protective Provisions  

The Participant or Beneficiary shall cooperate with the Administrator by furnishing any and all information requested by the Administrator
in order to facilitate the payment of benefits hereunder. If a Participant refuses to cooperate, he/she may be deemed ineligible to receive a distribution and/or ineligible to continue to actively participate in the Plan. 

 

	6.05	Withholding  

 The
Participant or Beneficiary shall make appropriate arrangements with the Administrator for satisfaction of any federal, state or local income tax withholding requirements and Social Security or other employee tax requirements applicable to the
payment of benefits under the Plan. If no other arrangements are made, the Administrator may provide for such withholding and tax payments by any means he deems appropriate, in his sole discretion. 

 

	6.06	Forfeiture Provision 

  

	 	(a)	In the event the Company becomes aware that a Participant is engaged or employed as a business owner, employee, or consultant in any activity which is in competition
with any line of business of the Corporation, or has engaged in any activity otherwise determined to be detrimental to the Company, the Administrative Subcommittee may apply any diminution or forfeiture of benefits, which is specifically approved by
the Administrative Subcommittee. 

 For purposes of this Section 6.06, the Administrative Subcommittee shall
consist of the senior human resources officer of the Company, PPG’s Director of Payroll and Benefits, and a representative of the Law Department, as appointed by the PPG’s General Counsel, or, if not so

  
 - Page 24 -

 appointed, PPG’s General Counsel. The Administrative Subcommittee shall report all of
its activities to the Committee. 
  

	 	(b)	LTIP and Executive Officers’ LTIP  

 A Participant may forfeit any or all deferrals of Payments to which the Participant is entitled under the terms of the LTIP or Executive Officers’ LTIP held in his/her Account if the Committee
determines that such forfeiture shall occur in accordance with Section 4.04 of the LTIP or Executive Officers’ LTIP, as applicable. 

  
 - Page 25 -

 SECTION VII—ADMINISTRATION AND CLAIMS 

 

	7.01	Administration  

  

	 	(a)	The Administrator shall administer the Plan and interpret, construe and apply its provisions in accordance with its terms. The Administrator shall have the complete
authority to: 

  

	 	(1)	Determine eligibility for benefits; 

  

	 	(2)	Construe the terms of the Plan; and 

  

	 	(3)	Control and manage the operation of the Plan. 

  

	 	(b)	The Administrator shall have the authority to establish rules for the administration and interpretation of the Plan and the transaction of its business. The
determination of the Administrator as to any disputed question shall be conclusive. 

  

	 	(c)	The Administrator may employ counsel and other agents and may procure such clerical, accounting and other services as the Administrator may require in carrying out the
provisions of the Plan. 

  

	 	(d)	The Administrator shall not receive any compensation from the Plan for his services. 

 

	 	(e)	The Company shall indemnify and save harmless the Administrator against all expenses and liabilities arising out of the Administrator’s service as such, excepting
only expenses and liabilities arising from the Administrator’s own gross negligence or willful misconduct, as determined by the Committee. 

  

	7.02	Claims  

  

	 	(a)	General  

 Every person
receiving or claiming benefits under the Plan shall be conclusively presumed to be mentally and physically competent and of age. If the Administrator determines that such person is mentally or physically incompetent or is a minor, payment shall be
made to the legally appointed guardian, conservator, or other person who has been appointed by a court of competent jurisdiction to care for the estate of such person, provided that proper proof of such appointment is furnished in a form and manner
suitable to the Administrator. Any payment made under the provisions of this Section 7.02(a) shall be a complete discharge of any 

  
 - Page 26 -

 
liability therefore under the Plan. The Administrator shall not be required to see to the proper application of any such payment. 

 

	 	(b)	Non-Disability Claims  

Except as provided in Section 7.02(c) below, all claims for benefits under the Plan shall be submitted to, and within 90 days
thereafter decided by, in writing, the person designated by the Company (the “Claims Reviewer”) acting directly or through such employees of the Company as the Claims Reviewer shall designate. If the Claims Reviewer determines that an
extension of time for processing the claim is required, the Claims Reviewer may extend the date by which a decision is required to 180 days after the claim is submitted provided that the Claims Reviewer provides written notice of the extension to
the claimant prior to the termination of the initial 90-day period, including the special circumstances requiring an extension of time and the date by which the Claims Reviewer expects to render a decision. 

 

	 	(c)	Disability Claims  

 All
claims for benefits under the Plan that are based upon the Participant’s Disability (each a “Disability Claim”) shall be submitted to, and within 45 days thereafter decided in writing by, the Claims Reviewer acting directly or through
such employees of the Company as the Claims Reviewer shall designate. If the Claims Reviewer determines that an extension of time for processing the Disability Claim is required, the Claims Reviewer may extend the date by which a decision is
required to 75 days after the Disability Claim is submitted, provided that the Claims Reviewer provides written notice of the extension to the claimant prior to the termination of the initial 45-day period, including the special circumstances
requiring an extension of time and the date by which the Claims Reviewer expects to render a decision. If the Claims Reviewer determines that, due to matters beyond the control of the Plan, a decision on a Disability Claim cannot be rendered within
75 days after the Disability Claim is submitted, the Claims Reviewer may extend the date by which a decision is required to 105 days after the Disability Claim is filed, provided that the Claims Reviewer notifies the claimant, prior to expiration of
the 75-day period, of the circumstances requiring the extension and the date as of which the Plan expects to render a decision. In the case of any extension of the 45-day or 75-day review period, the notice of extension shall specifically explain
the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the Disability Claim, and the additional information needed to resolve those issues, and the claimant shall be afforded at least 45 days
within which to provide the specified information. 

  
 - Page 27 -

	 	(d)	Information Provided Upon Denial of Claim (Including Disability Claims)  

 Written notice of the decision on each claim (including any Disability Claim) shall be furnished reasonably promptly to the claimant. If the claim is wholly or partially denied, such written notice shall
set forth (i) the specific reason or reasons for the denial, (ii) reference to the specific Plan provisions on which the denial is based, (iii) a description of any additional material or information necessary for the claimant to
perfect the claim and an explanation of why such material or information is necessary, (iv) a description of the Plan’s review procedures and the time limits applicable to such procedures, including a statement of the claimant’s right
to bring a civil action under Section 502(a) of ERISA, as amended, following the denial of a claim on review, (v) in the case of a denial of a Disability Claim, if an internal rule, guideline, protocol, or other criterion was relied upon
in making the adverse determination, either the specific rule, guideline, protocol, or other similar criterion or a statement that such a rule, guideline, protocol, or other similar criterion was relied upon in denying the claim and that a copy of
such rule, guideline, protocol, or other criterion will be provided free of charge to the claimant upon request. 
  

	 	(e)	Review of Denial of Non-Disability Claim  

 Except as provided in Section 7.02(f) below, a claimant may request a review by the Claims Reviewer of a decision denying a claim in writing within 60 days following receipt of the denial. All such
reviews shall be decided in writing by the Claims Reviewer within 60 days after receipt of the request for review. If the Claims Reviewer determines that an extension of time for processing the review is required, the Claims Reviewer may extend the
date by which a decision is required to 120 days after the request for review is submitted provided that the Claims Reviewer provides written notice of the extension to the claimant prior to the termination of the initial 60-day period, including
the special circumstances requiring an extension of time and the date by which the Claims Reviewer expects to render a decision. 
  

	 	(f)	Review of Denial of Disability Claim  

 A claimant may request a review by the person designated by the Company as responsible for reviews of denied Disability Claims, which such person shall be neither the Claims Reviewer nor a person
subordinate to the Claims Reviewer (the “Disability Appeals Reviewer”) of a decision denying a Disability Claim in writing within 180 days following receipt of the denial. All such reviews shall be decided in writing by the Disability
Appeals Reviewer within 45 days after receipt of the request for review. If the Disability Appeals Reviewer determines that an extension of time for processing the review is required, the Disability Appeals Reviewer

  
 - Page 28 -

 
may extend the date by which a decision is required to 90 days after the request for review is submitted provided that the Disability Appeals Reviewer provides written notice of the extension to
the claimant prior to the termination of the initial 45-day period, including the special circumstances requiring an extension of time and the date by which the Disability Appeals Reviewer expects to render a decision. If the Disability Appeals
Reviewer cannot reach a decision about a claimant’s request for review because the claimant has not submitted information requested by the Disability Appeals Reviewer, the 45-day period (or 45-day extension if applicable) shall be tolled until
the date on which the claimant responds to the request for additional information. The Disability Appeals Reviewer may delegate its duty to review denied Disability Claims hereunder provided that the person or entity to whom such duty is
delegated shall not be the Claims Reviewer or a subordinate of the Claims Reviewer. Any review of a denied Disability Claim hereunder shall be without deference to the Claims Reviewer’s denial of the Disability Claim. 

 

	 	(g)	Review Procedures for All Claims  

 In connection with a review of a denied claim for benefits (including a Disability Claim), a claimant shall (i) have the opportunity to submit written comments, documents, records, and other
information relating to the claim for benefits, and (ii) be provided, upon request and free of charge, reasonable access to, and copies of all documents, records, and other information relevant to the claimant’s claim for benefits. The
review of a denied claim shall take into account all comments, documents, records, and other information submitted by the claimant related to the claim, without regard to whether such information was submitted or considered in the initial review of
the claim. If a claim is denied upon review, the written notice of the denial shall specify (i) the specific reason or reasons for the denial, (ii) reference to the specific Plan provisions upon which the denial is based, and (iii) a
statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claimant’s claim for benefits. 

 

	 	(h)	Additional Review Procedures for Disability Claims  

 If the denial of a Disability Claim upon review is based in whole or in part on a medical judgment the Disability Appeals Reviewer or its delegate shall consult with a health care professional who has
appropriate training and experience in the field of medicine involved in the medical judgment. Such professional shall be an individual who is neither an individual who was consulted in connection with the initial denial of the Disability Claim nor
the subordinate of any such individual. The Disability Appeals Reviewer or its delegate shall provide for the identification of medical or vocational experts whose advice was obtained on behalf of the Plan in

  
 - Page 29 -

 
connection with a denied Disability Claim without regard as to whether the advice was relied upon in making the benefit determination. If an internal rule, guideline or protocol, or other similar
criterion was relied upon in denying a Disability Claim upon review, the notice denying such claim upon review shall set forth either the specific rule, guideline, protocol, or other similar criterion, or a statement that such rule, guideline,
protocol, or other criterion was relied upon in denying the claim and that a copy of the rule, guideline, protocol, or other similar criterion will be provided free of charge to the claimant upon request. Any notice denying a Disability Claim upon
review shall contain the following statement: “You and your plan may have other voluntary alternative dispute resolution options, such as mediation. One way to find out what may be available is to contact your local U.S. Department of Labor
Office and your State insurance regulatory agency.” 
  

	 	(i)	Authorized Representative  

The claimant may have an authorized representative to act on the claimant’s behalf in pursuing a benefit claim or appeal of the
denial of the benefit. In order for a representative to be recognized as acting on behalf of the claimant, the claimant must provide in writing to the Administrator the name, address and phone number of his authorized representative and a statement
that the representative is authorized to act in his behalf concerning his claim for benefit, and if applicable, an appeal of the denial of the benefit. 

  
 - Page 30 -

 SECTION VIII—AMENDMENT AND TERMINATION 

 

	8.01	Amendment of the Plan  

Except as provided in Section X, the Board or the Committee may amend the Plan, in whole or in part, at any time; however, no such
amendment may decrease the amount of benefit currently accrued in Participants’ Accounts. 
 Except as provided in Section
X, the Administrator shall have the authority to adopt amendments to the Plan, in whole or in part, at any time, necessary for the implementation and/or administration of the Plan, which will not result in a material change to the Plan. Moreover, no
such amendment by the Administrator may increase or decrease the amount of benefit currently accrued in Participants’ Accounts. 
  

	8.02	Plan Freeze  

 The
Committee may freeze the Plan at any time. Upon a Plan freeze pursuant to this Section 8.02, no further deferrals of Salary, Awards, Payments under the LTIP or the Executive Officers’ LTIP or Omnibus Plan Stock Awards under the Omnibus
Plan shall be permitted. 
  

	8.03	Premature Income Inclusion  

 In the event the Administrator determines that amounts deferred under the Plan are includable in income pursuant to Section 409A of the Code, distributions shall be made to Participants, as
determined by the Administrator up to an amount not to exceed the amount included the Participant’s income under Section 409A of the Code. The determination of the Administrator under this Section 8.03 shall be binding and conclusive.

  

	8.04	Termination 

 Except as
provided in Section X, the Committee may, in its discretion, terminate the Plan under any one of the following circumstances: 
  

	 	(a)	 At any time, provided that all nonqualified deferred compensation arrangements sponsored by the Company and any company required to be aggregated with
the Company under Section 414(b) and (c) of the Code that are treated, together with the Plan, as one arrangement under Section 409A of the Code, provided that (i) the termination does not occur proximate to a downturn in the
financial health of the Company, (ii) no payments other than payments that would be payable under the terms of the Plan and such other arrangements if the termination had not occurred are made within 12 months of the termination of the Plan and
such other arrangements, (ii) all such payments are made within 24 months of the 

  
 - Page 31 -

	 	
termination of the Plan and such other arrangements, (iii) neither the Company nor any company required to be aggregated with the Company under Section 414(b) or (c) of the Code
adopts a new arrangement that would, with the Plan or any such other terminated arrangement, be treated as a single arrangement under Section 409A of the Code, at any time within three years following the date of termination of the Plan and
such other arrangements. 

  

	 	(b)	At any time during the period beginning 30 days preceding and ending 12 months following a change in control event (as that term is defined in Treasury Regulation
Section 1.409A-3(i)(5) (or any successor regulation)), provided that (i) all substantially similar arrangements sponsored by the Company and any company required to be aggregated with the Company under Sections 414(b) or (c) of the
Code are terminated and (ii) all participants under the Plan and such other arrangements are required to receive all amounts of compensation deferred under the Plan and such other arrangements within 12 months of the date of termination of the
Plan and such other arrangements. 

  

	 	(c)	At any time within 12 months of a dissolution of the Company taxed under Section 331 of the Code, or with the approval of a bankruptcy court pursuant to 11 U.S.C.
Section 503(b)(1)(A), provided that the amounts deferred under the Plan are included in Participants’ gross incomes in the latest of (i) the calendar year in which the termination occurs, (ii) the first calendar year in which the
payment is administratively practicable, or (iii) the first calendar year in which such amounts are vested, or, if earlier, the calendar year in which the amounts are constructively received. 

  
 - Page 32 -

 SECTION IX—MISCELLANEOUS 

 

	9.01	Successors of the Company 

The rights and obligations of the Company under the Plan shall inure to the benefit of, and shall be binding upon, the successors and
assigns of the Company. 
  

	9.02	ERISA Plan 

 The Plan is
intended to be an unfunded plan maintained primarily to provide deferred compensation benefits for “a select group of management or highly compensated employees” within the meaning of Sections 201, 301 and 401 of ERISA and therefore to be
exempt from Parts 2, 3 and 4 of Title I of ERISA. 
  

	9.03	Trust 

 The Company shall
be responsible for the payment of all benefits under the Plan. Except as otherwise required by Section X, the Company, at its discretion, may establish one or more grantor trusts for the purpose of providing for payment of benefits under the Plan.
Such trust(s) may be irrevocable, but the assets thereof shall be subject to the claims of the Company’s creditors. Benefits paid to the Participant from any such trust shall be considered paid by the Company for purposes of meeting the
obligations of the Company under the Plan. 
  

	9.04	Employment Not Guaranteed 

Nothing contained in the Plan nor any action taken hereunder shall be construed as a contract of employment or as giving any Participant
any right to continued employment with the Corporation. 
  

	9.05	Gender, Singular and Plural 

 All pronouns and variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person(s) requires. As the context may require, the singular may be read as the
plural and the plural as the singular. 
  

	9.06	Headings 

 The headings of
the Sections, subsections and paragraphs of the Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions. 
  

	9.07	Validity 

 If any
provision of the Plan is held invalid, void or unenforceable, the same shall not affect, in any respect, the validity of any other provision(s) of the Plan. 

  
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	9.08	Waiver of Breach 

 The
waiver by the Company of any breach of any provision of the Plan by a Participant or Beneficiary shall not operate or be construed as a waiver of any subsequent breach. 
  

	9.09	Applicable Law 

 Where
applicable, the Plan is intended to conform and be governed by ERISA. In any case where ERISA does not apply, the Plan shall be governed and construed in accordance with the laws of the Commonwealth of Pennsylvania. 

 

	9.10	Notice 

 Any notice
required or permitted to be given to the Administrator under the Plan shall be sufficient if in writing and either hand-delivered, or sent by first class mail to the principal office of the Company at One PPG Place, Pittsburgh, PA 15272, directed to
the attention of the Administrator. Such notice shall be deemed given as of the date of delivery. 
  

	9.11	409A Compliance 

 The plan
is intended to comply with the requirements applicable to nonqualified deferred compensation plans under Section 409A of the Code. Notwithstanding any other provision of this plan, the Plan shall be interpreted and administered in accordance
with the requirements of Section 409A of the Code. 
  

	9.12	Adjustments Upon Changes in Capitalization 

 In the event of any change in the number of outstanding shares of the Company’s voting common stock by reason of any stock dividend, stock split or similar change, a corresponding change shall be
made in the number Stock Account Shares held in each Participant’s Account. In the event of any change in the outstanding shares of the Company’s voting common stock, or in the number thereof, by reason of any merger, consolidation,
combination, sale of assets, exchange of shares, recapitalization, reorganization, spin-off or similar change, the Board of Directors or the Committee may make such changes in the Stock Account Shares held in each Participant’s Account as the
Board or the Committee may deem to be equitable. No such change, without the consent of a Participant, may adversely affect the rights of such Participant with respect to Stock Account Shares held immediately prior to any such change, and any such
change shall be final, conclusive and binding on all persons, including the Company and the Participants. 

  
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 SECTION X—CHANGE IN CONTROL 

 

	10.01 Payments	to a Trustee 

 Upon, or in
reasonable anticipation of, a Change in Control, as defined in Section 10.02 below, the senior human resources officer and the senior finance officer, or either of them or their successor, shall cause an amount, as they deem appropriate, to be
paid to a rabbi trust on such terms as they shall deem appropriate. Such amount shall be paid in cash and shall be sufficient, at a minimum, to equal to all deferred amounts credited to the Investment Accounts, and the PPG Stock Account. Amounts in
the PPG Stock Account shall be converted to cash on the basis of the fair market value of PPG Stock on the date of the occurrence of the Change in Control, or, if higher, within 30 days of such date. Amounts in the Investment Accounts shall be
converted to cash on the basis of the fair market value of the appropriate Investment Account on the date of the occurrence of the Change in Control, or, if higher, within 30 days of such date. 

 

	10.02	 Definition: Change in Control 

 For purposes of this Section X, “Change in Control” means, and shall be deemed to have occurred upon the occurrence of, any one of the following events: 

 

	 	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then issued and outstanding shares of the Company’s voting
common stock (“Outstanding Common Stock”) or (ii) the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board of Directors of the Company
(“Outstanding Voting Securities”); provided that, for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company; (ii) any acquisition by
the Company; (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or (iv) any acquisition by any corporation pursuant to a transaction
which complies with clauses (i), (ii) and (iii) of paragraph (c) of this Section 10.02. 

  

	 	(b)	 Individuals who, as of February 16, 2006 (the “Reference Date”), constitute the Board of Directors of the Company (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Reference Date whose election, or nomination for election by the
Company’s shareholders, was approved by a vote of at least a majority of 

  
 - Page 35 -

	 	
the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose
initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than
the Incumbent Board; or 

  

	 	(c)	Approval by the shareholders of the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the
Company (a “Business Combination”), in each case, unless, following such Business Combination: 

  

	 	(i)	All or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Common Stock and Outstanding Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to
vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially
all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Common Stock and Outstanding Voting
Securities, as the case may be; 

  

	 	(ii)	No Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation
except to the extent that such ownership existed prior to the Business Combination; and 

  

	 	(iii)	At least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time
of the execution of the initial agreement, or of the action taken by the Incumbent Board approving such Business Combination; or 

  

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company; or 

  
 - Page 36 -

	 	(e)	A majority of the Incumbent Board otherwise determines that a Change in Control shall have occurred. 

 

	10.03	 Plan Provisions 

Following a Change in Control, the Plan may not be amended and may not be terminated. Upon a Change in Control, in accordance with
Section 10.01, the Plan Document then in existence (“Controlling Plan”) shall be provided to the Trustee. The Controlling Plan shall govern all amounts transferred and remain in effect until the Trustee has paid all such amounts to
Participants and/or Beneficiaries. 
 SECTION XI – TREATMENT OF FORMER AUTOMOTIVE GLASS & SERVICES BUSINESS
PARTICIPANTS 
  

	11.01	 Sale of AG&S Business 

 Upon the closing date (the “Closing Date”) of the Company’s sale (the “Sale”) of its Automotive Glass & Services business (the “AG&S Business”), each
Participant who is employed in the AG&S Business and who is hired by the purchaser (the “Purchaser”) of the AG&S Business (each, an “Affected AG&S Business Participant”) will terminate employment with the Company. The
purpose of this Section XI is to set forth the impact of the Sale and such termination of employment upon such Affected AG&S Business Participants under the Plan. 
  

	11.02	 Eligibility 

 On and
after the Closing Date, each Affected AG&S Business Participant shall cease to be eligible to make deferrals under the Plan or to receive Savings Plan Restoration Contributions or Defined Contribution Retirement Plan Restoration Contributions
(except to the extent of any Savings Plan Restoration Contributions or Defined Contribution Retirement Plan Restoration Contributions made after the Closing Date with respect to compensation earned prior to the Closing Date). 

 

	11.03	 Pre-January 1, 2005 Deferrals and Restoration Contributions 

Notwithstanding the provisions of the Preamble, this Plan shall apply to all deferrals by or for Affected AG&S Business Participants,
including all deferrals by or for Affected AG&S Business Participants before January 1, 2005. Accordingly, this Plan shall apply to the entire Account of each Affected AG&S Business Participant. 

 

	11.04	 Separation from Service 

  
 - Page 37 -

 Notwithstanding the termination of employment of each Affected AG&S Business Participant
with the Company pursuant to the Sale, and pursuant to Treasury Regulation Section 1.409A-1(h)(4), an Affected AG&S Business Participant shall not be treated as having incurred a Separation from Service under the terms of this Plan until
such Affected AG&S Business Participant shall terminate employment with the Purchaser and each entity that is required to be aggregated with the Purchaser under Sections 414(b), (c), (m) or (o) and 409A of the Code. 

 

	11.05	 New Payment Elections  

 On or before such date as the Administrator may determine (which such date shall be no later than December 31, 2008), an Affected AG&S Business Participant may, in accordance with
Section 3.01(B)(1)(.02) of Internal Revenue Service Notice 2007-86 and procedures established by the Administrator for such purpose: 
  

	 	(a)	make an election to receive payment of his or her entire Account on January 1, 2009; or 

 

	 	(b)	make new retirement payment elections with respect to such Affected AG&S Business Participant’s entire Account pursuant to Section 5.02.

  
 - Page 38 -

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