Document:

EX-10.1

SEPARATION AND RELEASE AGREEMENT

This is a complete and final Agreement between Tony Pearl (for yourself, your spouse and anyone
acting for you) (“you”), and Freescale Semiconductor, Inc. (for itself, its subsidiaries and
affiliates and anyone acting for Freescale) (“Freescale”) that resolves all matters between you and
Freescale. Except where otherwise specified, this Agreement supersedes and nullifies all prior and
concurrent communications, acknowledgements and agreements between you and Freescale, including any
prior versions of this Agreement. This Agreement has been individually negotiated and is not part
of a group incentive or other termination program. In consideration for the payments and benefits
provided under this Agreement, you and Freescale agree to the following terms of your separation
from Freescale:

1. SEPARATION. You are relieved of all duties and responsibilities effective immediately,
but you will remain on payroll at your current salary until February 12, 2005, on which date your
employment will end (the “Separation Date”). You tender and Freescale accepts your resignation as
a director and/or officer of Freescale and its subsidiaries and affiliates effective as of the
Separation Date. Your separation shall be documented as a termination without cause. At
Freescale’s request, you shall execute any and all documents reasonably necessary to confirm your
resignation as a director and/or officer of Freescale and its subsidiaries and/or affiliates.

2. SEPARATION ALLOWANCE AND INCENTIVE PLANS. Freescale will pay you at your regular base
salary rate at regular payroll intervals, less applicable state and federal payroll deductions
until the Separation Date. Freescale also will pay you a lump sum Separation Allowance in the
amount of Three Hundred Twenty-Five Thousand Dollars ($325,000.00), less applicable state and
federal payroll tax deductions and any other legally required withholding. You acknowledge and
agree that this Separation Allowance constitutes an amount to which you are not otherwise entitled.
Freescale will make this payment to you on or before February 28, 2005, provided that you have
signed, returned and not revoked this Agreement.

In addition, you are eligible to receive an incentive payment from Freescale under the
Freescale/Motorola Incentive Plan for the 2004 plan year in accordance with the terms of that plan.
Freescale will apply an individual performance factor of 1.00 in computing the amount of payment
you receive under the plan. You understand that you will not receive any payment under the
Freescale Incentive Plan for the 2005 plan year.

The Separation Allowance and other payments described in this section include and exceed any pay,
bonuses, or any other amounts that are unpaid as of your separation, other than pay for accrued and
unused Paid Time Off. You will be paid for any Paid Time Off you have accrued but not used as of
your Separation Date. You acknowledge that you will only be paid the amounts specifically
identified in this Agreement and will not receive any additional payments from Freescale.

3. BENEFIT AND EQUITY PLANS.

(a) The effect of your separation and this Agreement upon your participation in, or coverage
under, any of Freescale’s benefit or compensation plans and any applicable stock option plans,
award documents or restricted stock or restricted stock unit agreements shall be governed by the
terms of those plans and agreements except as specifically modified by this Agreement. Unless
specifically set forth in this Agreement, Freescale is making no guarantee, warranty or
representation regarding any position that may be taken by any administrator or plan regarding the
effect of this Agreement upon your rights, benefits or coverage under those plans.

(b) Upon your separation, your outstanding stock option grants will be treated as follows: (i)
Pursuant to the letter offering you employment with Freescale, for the grant of options to purchase
60,000 shares of Motorola stock which was converted to Freescale stock options as of Freescale’s
separation from Motorola, options in this grant not vested as of your Separation Date will be
accelerated and vest effective February 12, 2005. You will have until February 11, 2006 to
exercise any of the options from this grant that have already vested as of your Separation Date or
are vested on February 12, 2005 pursuant to this provision (iii) Any other stock options,
restricted stock, or restricted stock units granted to you by Freescale or its predecessor,
Motorola, Inc. (including but not limited to the Freescale Initial Grant) and not vested as of your
Separation Date will be forfeited in accordance with the terms of the applicable plan and award
documents.

(c) Benefits coverage under the Freescale Employee Medical Benefits Plan (the “Medical Plan”),
as amended from time to time, will be continued at the regular employee contribution rate through
February 28, 2005, provided that you comply with all terms and conditions of the Medical Plan,
including paying the necessary contributions and provided further, if you are reemployed with
another employer and become covered under that employer’s medical plan, the medical benefits
described herein (if they are not terminated as provided in COBRA, defined below) shall be
secondary to those provided under such other plan. After your Separation Date, you may elect to
continue medical benefits under the Medical Plan at your own expense, in accordance with COBRA.
The COBRA period commences on the first of the month following the Separation Date. As additional
consideration for this Agreement, Freescale will pay you the amount of Ten Thousand Dollars
($10,000.00), less applicable state and federal tax deductions. This payment is provided to help
you with payment of COBRA premiums for continuation of your medical benefits.

4. TRANSFER OF EQUIPMENT/OUTPLACEMENT/RELOCATION. Effective on or within thirty business
days after your Separation Date, Freescale will transfer to you ownership of your company car. On
that date you will assume responsibility for all insurance, maintenance, service and other fees
related to this vehicle. You understand that the gift of this car will result in imputed income to
you based upon the fair market value of the car as of your Separation Date. Freescale will gross
up the imputed income amount to include federal taxes and employee FICA/Medicare taxes. Freescale
also will provide senior executive outplacement and career continuation services by a firm to be
selected by Freescale for a period of up to one (1) year, and will also reimburse you for up to Ten
Thousand Dollars ($10,000.00) for financial planning services and tax preparation services you
receive in 2005 (tax preparation services for your 2004 tax return). To receive this
reimbursement you must incur the expense and provide receipts for these services to David Doolittle
no later than December 31, 2004. Finally, Freescale will relocate you and your personal items from
Austin, Texas to your existing home in Illinois using our standard relocation providers. The
amount of this relocation assistance will be the lesser of the actual cost of the relocation or
Fifteen Thousand Dollars ($15,000.00).

5. NO DISPARAGEMENT. You agree that you will not, directly or indirectly, individually or
in concert with others, engage in any conduct or make any statement calculated or likely to have
the effect of undermining, disparaging or otherwise reflecting poorly upon Freescale or its good
will, products or business opportunities, or in any manner detrimental to Freescale, though you may
assist and cooperate with the Equal Employment Opportunity Commission or other government agency
and otherwise give truthful and nonmalicious testimony if properly subpoenaed to testify under
oath.

6. COOPERATION/INDEMNIFICATION. From your Separation Date, and for as long thereafter as
shall be reasonably necessary, you agree to cooperate fully with Freescale in any investigation,
negotiation, litigation or other action arising out of transactions in which you were involved or
of which you had knowledge during your employment by Freescale. If you incur any business expenses
in the course of performing your obligations under this paragraph, you will be reimbursed for the
full amount of all reasonable expenses upon your submission of adequate receipts confirming that
such expenses actually were incurred. Freescale will indemnify you for judgments, fines,
penalties, settlement amounts and expenses (including reasonable attorneys fees and expenses)
reasonably incurred in defending any actual or threatened action, lawsuit, investigation or other
similar proceeding arising out of your employment with Freescale, provided that if the matter is a
civil action, you acted in good faith and in a manner you reasonably believed to be in, or not
opposed to, the best interests of Freescale and if the matter is a criminal action, and you had no
reasonable cause to believe your conduct was unlawful.

7. PROTECTION OF CONFIDENTIAL INFORMATION AND TRADE SECRETS. You agree to maintain the
confidentiality of Freescale’s confidential or proprietary information and trade secrets in
accordance with agreements previously signed by you and with the law applicable to you as an
officer and/or director of Freescale, including but not limited to state trade secret protection
statutes and your common law fiduciary duty and duty of loyalty. Such Freescale confidential and
proprietary information and trade secrets relating to Freescale’s past, present, or future
business, products or technology include, but are not limited to, information in the following
categories: (a) strategy and roadmap information including but not limited to business plans,
strategic plans, initiatives, potential merger, acquisition and divestiture plans, venture capital
investment plans, five-year and other financial and business plans, new and existing
business/product plans, and capital planning; (b) alliance, investment and strategic relationship
information including but not limited to non-public alliance and investment identity, terms and
conditions of contracts, terms of investment, and status of existing/consideration of potential
alliances and strategic relationships; (c) management information including but not limited to
activities of any corporate-level, region-wide, Freescale-wide, business unit, regional or account
leadership team, or their direct reports; (d) technology information including but not limited to
present and future research and development, technology roadmaps, technology licensing strategies,
and communications and semiconductor core and process strategies; (e) employee and employment
information including but not limited to members of leadership teams, job functions, organization
and reporting relationships, individual performance, salaries, grades, stock options, bonus plans,
variable pay plans, management and leadership planning, and high potential employee information,
benefits, recruiting, and human resources policy and procedure; (f) customer information of
Freescale including but not limited to non-public customer identity, product purchases, purchase
volume, purchase quantity, product mix, sales strategies for particular customers, pricing,
distribution plans and strategies, and customer relationship information; (g) product pricing and
cost information including but not limited to product costs, margins, manufacturing, sales,
development, and distribution costs; (h) manufacturing information including capacity, vendors,
materials costs, foundry and outsourcing relationships, volume, pricing, and strategy, and internal
manufacturing capabilities and strategy; (i) core process redesign plans, strategies, activities
and implementation. Nothing in this Agreement is intended to prohibit you from disclosing
information about Freescale, its customers, successors or assigns, or its affiliated entities, or
about its or their products, services or business opportunities that is not confidential or
proprietary. You shall give Freescale reasonable advance written notice of your intent to disclose
any potentially confidential information obtained by you as a result of your employment by
Freescale. You agree to keep the terms of this Agreement confidential, except as required in
Paragraph 8, or unless required by law to disclose this information, or except to your attorney or
to anyone preparing your tax returns.

8. PROTECTION AGAINST INEVITABLE DISCLOSURE. You acknowledge that the nature of your
duties and responsibilities for a future employer or for any entity or business for which you
perform services in a contract relationship (including but not limited to service as a member of a
board of directors or advisory council), might, by the very nature of the duties and
responsibilities, result in the disclosure of trade secrets or other information that is
confidential and/or proprietary to Freescale. Accordingly, you agree to inform any future
employer, or entity or business contracting with you for services, of the possibility of such
disclosure and the requirements of this Agreement and request that safeguards be established to
ensure against such disclosure. You agree that you will not perform any duties or responsibilities
for any third party that will involve the disclosure of Freescale confidential and/or proprietary
information or trade secrets or that will present a reasonable possibility of such disclosure.

9. RETURN OF FREESCALE PROPERTY. You further agree, pursuant to your obligations to
Freescale under the provisions of your Assignment and Confidentiality Agreement, the Freescale Code
of Business Conduct and Ethics, and the Freescale SOP entitled Protection of Proprietary
Information (POPI) to return to Freescale by your Separation Date all Freescale property and
confidential and/or proprietary information including the originals and all copies and excerpts of
documents, drawings, reports, specifications, samples and the like that were/are in your possession
at all Freescale and non-Freescale locations, including but not limited to information stored
electronically on computer hard drives or disks.

10. NON-COMPETITION/NO SOLICITATION. You acknowledge that you have entered into certain
Stock Option Agreements and that such agreements, including the non-competition provisions therein,
continue in full force and effect. You further agree that for all options covered by one of these
agreements and converted to Freescale options as a result of the separation of Freescale from
Motorola, Freescale has the right to rely upon and enforce the Stock Option Agreements as if
Freescale and you were the original parties to the Agreement. For a period of two years following
your Separation Date, you will not recruit, solicit or induce, or cause, allow, permit or aid
others to recruit, solicit or induce, or to communicate in support of those activities, any
employee of Freescale to terminate his/her employment with Freescale and/or to seek employment with
your new or prospective employer. Before you agree to any proposed employment or other engagement
with any person, company or entity during this period (including but not limited to service as a
member of a board of directors or advisory council), you agree that you will seek Freescale’s prior
written consent that the proposed employment or other engagement does not violate the
non-competition provisions of the Stock Option Agreements. Freescale agrees that it will not
unreasonably delay or withhold consent. If the parties are unable to reach agreement within 10
business days after Freescale’s receipt of your written request for consent, you may proceed to
refer the matter to a qualified, independent neutral expert experienced in the industry, (the
“Neutral Expert”), by providing written notice to Freescale. Within five business days
after Freescale receives your written notice, the parties will choose a mutually acceptable Neutral
Expert. No party will unreasonably withhold consent to the selection of the Neutral Expert. Within
seven business days after the Neutral Expert is selected, or as soon thereafter as the Neutral
Expert is able to meet with the parties, the parties will meet with the Neutral Expert to present
their positions, in a manner to be determined by the Neutral Expert. Based exclusively on the
evidence presented by the parties at that meeting, the Neutral Expert will determine whether your
proposed employment or other engagement violates the non-competition provisions of the Stock Option
Agreements. The decision of the Neutral Expert will be final, binding, and non-appealable.

11. NEW EMPLOYMENT. You agree that you will immediately inform Freescale of (i) the
identity of any new employment, start-up business or self-employment (including but not limited to
service as a member of a board of directors or advisory council) in which you have engaged or will
engage between the date you sign this Agreement and February 11, 2007 (the “Notice Period”), (ii)
your title in any such engagement, and (iii) your duties and responsibilities. You hereby
authorize Freescale to provide a copy of this Agreement, excluding the economic terms, to any new
employer or other entity or business by which you are engaged during the Notice Period. You
further agree that during the Notice Period, you will provide such information to Freescale as it
may from time to time reasonably request in order to determine your compliance with this Agreement.

12. BREACH OF AGREEMENT. You acknowledge that Freescale’s agreement to make the payments
set forth in Paragraph 2 above is conditioned upon your faithful performance of your obligations
under this Agreement, and you agree to repay to Freescale all sums received from Freescale under
Paragraph 2 if you breach any of your obligations under Paragraphs 7, 8, 9, 10, or 11 of this
Agreement, or the Stock Option Agreements referenced in Paragraph 10. In addition, for all stock
options that you exercised within the three-year period prior to your Separation Date or at any
time following your Separation Date, you will immediately pay to Freescale an amount representing
the difference between the option price and the price you paid at the time of exercise. In any
dispute regarding this Agreement, each party will pay its own fees and costs.

13. NON-ADMISSION/GENERAL RELEASE. You, for yourself, your agents, attorneys, heirs,
administrators, executors and assigns, and anyone acting or claiming on your or their joint or
several behalf, hereby waive, release and forever discharge Freescale, its present and former
employees, officers, directors, agents, affiliates, subsidiaries, insurers, predecessors,
successors, and assigns, the Freescale Board of Directors, its agents, successors, affiliates, and
assigns, and anyone acting on their joint or several behalf (the “Releasees”), from and on any and
all known or unknown claims, causes of action, demands, damages, costs, expenses, liabilities,
grievances, or other losses whatsoever that in any way arise from, grow out of or are related to
events or circumstances that occurred prior to the date of your execution of this Separation and
Release Agreement, including but not limited to any matter that relates to your employment with
Freescale or the termination thereof.

You agree that the claims that you are waiving, releasing, and discharging include, but are not
limited to, those arising from (a) any federal, state, or municipal civil rights,
anti-discrimination, employment-related law, statute, or ordinance; or (b) any federal, state, or
municipal law, statute, ordinance, or common law doctrine regarding (i) the existence or breach of
oral or written contracts or employment, including your offer of employment (ii) defamation or
slander, (iii) negligent or intentional misrepresentations, (iv) wrongful discharge, (v)
interference with contract, (vi) negligent or intentional infliction of emotional distress, (vii)
violation of public policy, (viii) retaliation, (ix) promissory estoppel, (x) harassment, (xi)
whistle blowing, or (xii) unpaid wages. By way of example, this release covers any and all claims
arising under the Age Discrimination in Employment Act, tho Older Workers Benefit Protection Act,
Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Equal Pay Act,
the Family and Medical Leave Act, the National Labor Relations Act, the Fair Labor Standards Act,
and any other federal, local or common laws regarding rights or claims relating to employment.

14. CONDITIONS OF AGREEMENT. You agree that you are signing this Agreement knowingly and
voluntarily, that you have not been coerced or threatened into signing this Agreement and that you
have not been promised anything else in exchange for signing this Agreement. You agree that if any
part of this Agreement is found to be illegal or invalid, the rest of the Agreement will still be
enforceable. You further agree that you have had sufficient time (at least 21 days) to consider
this Agreement and you were advised to consult with an attorney, if desired, before signing below.
You understand and agree that any change, whether material or otherwise, to the initial terms of
this Agreement shall not restart the running of this twenty-one (21) day period. This Agreement
will not become effective or enforceable until seven days after you sign it, during which time you
can revoke it if you wish, by delivering a signed revocation letter within the seven-day period to
Larry M. Parsons, Freescale Law Department, 7700 West Parmer Lane, MD: TX32/PL02, Austin, Texas
78729.

	 	 	 	 	 
	TONY PEARL	 	FREESCALE SEMICONDUCTOR, INC.

	 
	 	 	 	 
	/s/ Carleton D. Pearl     

	 	By:
	 	/s/ David Doolittle
	 

	 	 	 	 

	 	 	 	David Doolittle

Senior Vice President, Human Resources

Date: February 8, 2005 Date: February 8, 2005

(to be signed no later than February 12, 2005

and original returned to Larry Parsons at above address)EX-10.1

TSR SHARE AWARD AGREEMENT 

_____________ __, 200_

This TSR SHARE AWARD AGREEMENT (this “Agreement”) is entered into as of the date first written
above by and between PPG Industries, Inc. (the “Company”) and      (the “Participant”).

The Company maintains the PPG Industries, Inc. Long Term Incentive Plan (the “Key Executive LTIP”)
and the PPG Industries, Inc. Executive Officers’ Long Term Incentive Plan (the “Executive Officers’
LTIP,” and, together with the Key Executive LTIP, the “LTIPs”), each of which is incorporated into
and forms a part of this Agreement, and the Participant has been deemed to be a Covered Employee or
has otherwise been selected by the Officers-Directors Compensation Committee or its Designee (as
applicable, the “Committee”) to receive an Award under the Key Executive LTIP or the Executive
Officers’ LTIP, as determined in accordance with paragraph 1.C hereof. Capitalized terms used in
this Agreement shall have the respective meanings given to such terms in the Key Executive LTIP or
the Executive Officers’ LTIP, as the context dictates, or elsewhere in this Agreement.

The Award of TSR Shares shall be confirmed by a separate Grant Notice (“Grant Notice”), specifying
the date of grant of the Award (the “Grant Date”), the number of TSR Shares granted and the Award
Goals applicable to such TSR Shares. Such Award shall be subject to the terms and conditions of
this Agreement and such Grant Notice shall be deemed incorporated by reference into this Agreement.

NOW, THEREFORE, the Company and the Participant, intending to be legally bound, agree as follows:

1. Terms and Conditions of the Award.

	 	A.	 	This Agreement sets forth the terms and conditions applicable to the Award of
TSR Shares confirmed in the Grant Notice.

	 	B.	 	The Committee may terminate the Award at any time during the Award Period if,
in its sole discretion, the Committee determines that the Participant is no longer in a
position to have a substantial opportunity to influence the long-term growth of the
Company.

	 	C.	 	If the Participant is deemed to be a Covered Employee as of the last day of an
Award Period, the Participant’s Award for that Award Period will be made under the
Executive Officers’ LTIP; provided, that: (1) Awards under the Executive
Officers’ LTIP will only be made if the Committee certifies that the Award Goals set
forth in the Grant Notice have been achieved, and (2) the Committee reserves the right
to exercise negative discretion in reducing or eliminating any Award that would
otherwise be payable. If the Participant is not deemed to be a “Covered Employee,” the
Participant’s Award will be made under the Key Executive LTIP; provided, that
the Committee may, in its sole discretion, adjust the amount of an Award Goal during an
Award Period for any such Participant. The LTIP that is determined to be applicable to
the Participant under the provision set forth above is referred to in this agreement as
the “applicable LTIP.”

	 	D.	 	On each date that the Company pays a dividend on its Common Stock during the
Award Period, the Participant shall be entitled to a Dividend Equivalent on each TSR
Share in the Participant’s TSR Account. Unless prohibited under applicable law or
otherwise determined by the Committee in its discretion, the value of such Dividend
Equivalents shall be automatically deferred, on behalf of the Participant, into the PPG
Stock Account of the Deferred Compensation Plan.

	 	E.	 	If the Participant’s employment with the Company terminates during the Award
Period but after the first anniversary of the Grant Date because of retirement or
Disability (as determined in accordance with the applicable LTIP) or job elimination,
the Participant shall be entitled to the same Award to which the Participant would have
been entitled has the Participant’s employment continued to the end of the Award
Period; provided, however, that the Committee, in its sole discretion, may
determine that the Participant will be entitled to a lesser Award. If the
Participant’s employment with the Company terminates during the Award Period but after
the first anniversary of the Grant Date because of the Participant’s death, the
Participant’s Award shall be deemed fully earned and such Award shall be paid as
promptly as practicable to the Participant’s Beneficiary; provided, however,
that the Committee, in its sole discretion, may determine that the Participant will be
entitled to a lesser Award.

	 	F.	 	If the Participant’s employment with the Company terminates during the Award
Period for any reason other than retirement, Disability, job elimination or death, or
for any reason before the first anniversary of the Grant Date, the Participant’s Award
shall be forfeited on the date of such termination; provided, however, that the
Committee, in its sole discretion, may determine that the Participant will be entitled
to a full or partial payment with respect to the Award.

	 	G.	 	Promptly following the end of the Award Period, the Committee shall determine
the extent, if any, to which the applicable Award Goals have been attained and the
extent, if any, to which the Award has been earned by the Participant. The Committee
shall have the negative discretion to reduce or eliminate any payment for the Award.

	 	H.	 	The Award shall be subject to the provisions of the applicable LTIP concerning
Change in Control of the Company.

2. Payment on Account of Awards.

	 	A.	 	Upon attainment of the Award Goals, and subject to this Agreement and the terms
of the applicable LTIP, the Participant shall, at the end of the Award Period, earn a
payment determined by reference to the number of shares of Common Stock constituting
the earned Award as determined by the Committee in accordance with paragraph 1.F. The
Participant shall receive payment in the form of cash and/or shares of Common Stock as
determined by the Committee in its sole discretion. The amount of any cash to be paid
in lieu of Common Stock shall be determined on the basis of the Fair Market Value of
the Common Stock.

	 	B.	 	Any shares of Common Stock issued to the Participant with respect to his or her
Award shall be subject to such restrictions as the Committee may deem advisable under
the rules, regulations and other requirements of the Securities and Exchange
Commission, the New York Stock Exchange and any applicable state or foreign securities
laws, and the Committee may cause a legend or legends to be endorsed on any stock
certificates for such shares making appropriate references to such legal restrictions.

	 	C.	 	Except as otherwise provided in this Agreement, and except in the event the
Participant is permitted and elects to defer payment, the payment of cash and shares of
Common Stock in accordance with the provisions of paragraph 2 will be delivered not
later than March 15 of the year following the end of the Award Period.

	 	3.	 	Continuing Conditions. Notwithstanding any other provisions herein, the Participant,
by execution of this Agreement, agrees and acknowledges that in return for the Award granted
by the Company in this Agreement, the following continuing conditions shall apply:

	 	A.	 	If at any time within the Award Period or within one (1) year after the Award
Period the Participant engages in any activity in competition with any activity of the
Company or any of its Subsidiaries, or contrary or harmful to the interests of the
Company or any of its Subsidiaries, including, but not limited to: (1) conduct related
to the Participant’s employment for which either criminal or civil penalties against
the Participant may be sought; (2) violation of Company (or Subsidiary) Business
Conduct Policies; (3) accepting employment with or serving as a consultant, advisor or
in any other capacity to an employer that is in competition with or acting against the
interests of the Company or any of its Subsidiaries, including employing or recruiting
any present, former or future employee of the Company or any of its Subsidiaries; (4)
disclosing or misusing any confidential information or material concerning the Company
or any of its Subsidiaries; or (5) participating in a hostile takeover attempt, then
this Award shall terminate effective the date on which the Participant enters into such
activity, unless terminated sooner by operation of another term or condition of this
Agreement, and any “Award Gain” realized by the Participant shall be paid by the
Participant to the Company. “Award Gain” shall mean the cash and the closing market
price of the Common Stock delivered to the Participant pursuant to paragraph 2 on the
date of such delivery times the number of shares so delivered. Any shares of Common
Stock deferred by the Participant shall be considered to have been delivered for the
purpose of this paragraph 3.

	 	B.	 	By accepting this Agreement, the Participant consents to a deduction from any
amounts the Company or any of its Subsidiaries owes the Participant from time to time
(including amounts owed the Participant as wages or other compensation, fringe benefits
or vacation pay, as well as any other amounts owed to the Participant by the Company or
any of its Subsidiaries), to the extent of the amounts payable to the Company by the
Participant under paragraph 3.A. above. Whether or not the Company elects to make any
set-off in whole or in part, if the Company does not recover by means of set-off the
full amount payable by the Participant, calculated as set forth above, the Participant
agrees to pay immediately the unpaid balance to the Company.

	 	C.	 	The Participant may be released from the Participant’s obligations under
paragraphs 3.A and 3.B above only if the Committee determines, in its sole discretion,
that such action is in the best interest of the Company.

	 	4.	 	Nonassignability. Except as provided in the applicable LTIP with respect to a
“Qualified Domestic Relations Order” (“QDRO”) as defined in §414(p) of the Internal Revenue
Code, neither the Participant nor his/her Beneficiary shall have the power to encumber, sell,
alienate, or otherwise dispose of his/her interest under the this Agreement prior to actual
payment to and receipt thereof by such person; nor shall the Administrator of the applicable
LTIP 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.

	 	5.	 	Beneficiary Designation. In the event of the Participant’s death, any amount payable
under this Agreement shall be paid to the Participant’s Beneficiary as determined in
accordance the applicable LTIP.

	 	6.	 	Limited Right to Assets of the Corporation. Any amounts payable under this Agreement
shall be paid from the general funds of the Company and from shares authorized and available
for issuance under the applicable LTIP, and the Participant 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.

	 	7.	 	Certain Adjustments. In the event of any change in the number of outstanding shares
of Common Stock by reason of any stock dividend, stock split, reorganization, merger,
consolidation, exchange of shares or similar change, a corresponding change shall be made in
the number of TSR Shares subject to this Agreement unless the Committee makes a contrary
determination, which it may do in its sole discretion and which, if done, shall be final and
binding.

	 	8.	 	Applicable Law. This Agreement is intended to be governed by ERISA. In any case
where ERISA does not apply, this Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania without reference to any choice of law
principles.

	 	9.	 	Severability. If any provision of this Agreement shall be held to be illegal,
invalid or unenforceable, that provision will be enforced to the maximum extent permissible
and the legality, validity and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

	 	10.	 	Applicable LTIP Governs. Notwithstanding anything in this Agreement to the contrary,
the terms of this Agreement shall be subject to the terms of the applicable LTIP, a copy of
which may be obtained by the Participant from the office of the Secretary of the Company.

	 	11.	 	Entire Agreement. This Agreement, including without limitation all documents
incorporated by reference herein, contains all terms and conditions with respect to the
subject matter hereof.

	 	12.	 	Amendment. Subject to the terms of the applicable LTIP, including any limitations on
amendments thereof, this Agreement may be amended by written agreement of the Participant and
the Company without the consent of any other person.

	 	13.	 	No Right to Further Awards. Neither this Agreement nor the grant of an Award to the
Participant under the LTIPs shall confer upon the Participant any claim of right to be granted
further Awards under the LTIPs or any other compensation plan or program of the Company.

	 	14.	 	No Rights as Shareholder. The Participant shall have no rights as a shareholder of
the Company, including without limitation voting or dividend rights, with respect to an Award
under the applicable LTIP unless and until shares of Common Stock are actually issued to the
Participant with respect to such Award.

	 	15.	 	Taxes. The Company shall have the right to deduct, or to require the Participant or
other person receiving a payment under this Agreement to pay to the Company any Federal or
state taxes required by law to be withheld or paid.

	 	16.	 	Successors of the Company. The rights and obligations of the Company under this
Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns
of the Company

PPG Industries, Inc.

By:

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