Document:

Exhibit 10.1

 Exhibit 10.1 
 VISTEON CORPORATION 2010 INCENTIVE PLAN 
 TERMS AND CONDITIONS OF
PERFORMANCE STOCK UNIT GRANTS 
 Visteon Corporation, a Delaware corporation (together with its subsidiaries, the
“Company”), subject to the terms of the Visteon Corporation 2010 Incentive Plan (the “Plan”) and this Agreement, hereby grants to the Participant named in the Notification Summary or Appendix to this Agreement, performance stock
units (“Performance Stock Units”) as further described herein. 
 1. Grant of Performance Stock Units, Target
Awards and Final Awards. 
 The Company hereby grants to the Participant the number of Performance Stock Units set forth in
the Notification Summary or Appendix, effective as of the date or dates (“Grant Date”) and subject to such restrictions set forth in the Notification Summary or Appendix. The Performance Stock Units represent a target number of shares of
Company common stock to be paid (the “Target Award”) in the event certain Performance Goals are satisfied. The actual number of shares of Company common stock to be transferred to the Participant (the “Final Award”) may be more
or less than the Target Award, depending on the extent to which the Performance Goals have been satisfied and the exercise of discretionary authority by the Organization and Compensation Committee of the Board of Directors of the Company (the
“Committee”) to determine and approve Final Awards; provided that the Committee will not exercise discretion to increase the amount of any award that is intended to constitute qualified performance-based compensation under Code
Section 162(m). The Participant has no right to receive any particular number of shares of Company common stock unless and until the Committee has approved distribution of a Final Award to the Participant following completion of the performance
period set forth in the Notification Summary or Appendix (the “Performance Period”). In the event of certain corporate transactions, the number of Performance Stock Units covered by the Target Award and this Agreement may be adjusted by
the Committee as further described in Section 13 of the Plan. 
 2. Effect of Termination of Employment. 

a. Except as set forth in the remaining provision of this Paragraph 2 or as otherwise determined by the Committee, the Participant’s
Performance Stock Units will be cancelled immediately and without notice to the Participant, and no Final Award will be made, in the event that the Participant terminates employment with the Company prior to the last day of the Performance Period.

 b. Notwithstanding the provisions of Paragraph 2a, if the Participant is placed on an approved leave of absence, with or
without pay, the Participant will continue to be eligible to receive a Final Award as if the Participant was actively employed during any period of the leave. 
 c. Notwithstanding the provisions of Paragraph 2a, if the Participant’s employment with the Company is terminated by reason of disability (as defined in the

 
Company’s long-term disability plan), death, retirement or involuntary termination without Cause, and if the Participant had remained in the employ of the Company for at least 180 days
following the Grant Date, the Performance Stock Units that have not previously been forfeited will vest on a pro rata basis, based on the number of months that have lapsed following the Grant Date in the manner set forth in the Notification Summary
or Appendix. For purposes of this Agreement, “retirement” means the Participant’s voluntary termination of employment either (1) after attaining age 55 and completion of 10 years of service, or (2) after completion of at
least 30 years of service, regardless of age. For purposes of this Agreement, “Cause” for termination by the Company of the Participant’s employment shall mean (i) the willful and continued failure by the Participant to
substantially perform the Participant’s duties with the Company (other than any such failure resulting from the Participant’s incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to
the Participant by (A) if the Participant is an executive officer of the Company, the Board of Directors, or (B) if the Participant is not an executive officer of the Company, the head of the Company’s global human resources
department, which demand specifically identifies the manner in which the Company believes that the Participant has not substantially performed the Participant’s duties, or (ii) the willful engaging by the Participant in conduct which is
demonstrably and materially injurious to the Company, monetarily or otherwise. For purposes of clauses (i) and (ii) of this definition, (x) no act, or failure to act, on the Participant’s part shall be deemed “willful”
unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that the Participant’s act, or failure to act, was in the best interest of the Company, and (y) in the event of a dispute concerning the
application of this provision, no claim by the Company that Cause exists shall be given effect unless the Company establishes by clear and convincing evidence that Cause exists. 

3. Payment of Final Awards. 
 a. The Committee will determine the amount of the Final Award with respect to the Performance Period, and the Participant will receive shares of common stock of the Company in settlement of a Final Award,
between January 1 and March 15 of the year immediately following the completion of the Performance Period. The number of shares of Company common stock delivered to each Participant shall equal the number of shares included in the
Participant’s Final Award, less applicable withholding and brokerage fees associated with the sale of any shares to pay applicable withholding. Any shares of common stock of the Company shall be issued in book-entry form, registered in the
Participant’s name or in the name of the Participant’s legal representatives, beneficiaries or heirs, as the case may be. The Company will not deliver any fractional share of common stock of the Company but will pay, in lieu thereof, cash
equal to the Fair Market Value of such fractional share. Notwithstanding the foregoing, the Committee may direct that in lieu of settlement through delivery of common stock of the Company, the Participant’s Final Award shall be settled by a
single lump sum payment equal to the number of shares of Company common stock that would otherwise be issued in settlement of the Final Award multiplied by the Fair Market Value of a share of the common stock of the Company, less applicable
withholding taxes. All Performance Stock that have become vested and are settled shall be cancelled. 

  
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 b. The Company may retain the services of a third-party administrator to perform
administrative services in connection with the Plan. To the extent the Company has retained such an administrator, any reference to the Company shall be deemed to refer to any such third-party administrator retained by the Company, and the Company
may require the Participant to exercise the Participant’s rights under this Agreement only through such third-party administrator. 
 4. Dividend Equivalents. 
 Upon distribution of the Final Award, the
Participant shall be entitled to receive payment of the same amount of cash, subject to applicable taxes, that such Participant would have received as cash dividends, as if, on each record date during the period beginning on the Grant Date and
ending on the date of settlement of the Final Award, such Participant had been the holder of record of a number of shares of common stock of Visteon Corporation equal to the number of shares included in the Participant’s Final Award.

 5. Withholding. 
 Upon the distribution of a Final Award, the Company may satisfy its tax withholding obligations in any manner determined by the Committee, including by withholding a portion of the Participant’s cash
compensation or by withholding a number of the shares of Company common stock having a Fair Market Value, as determined by the Committee, equal to the amount required to be withheld. The Fair Market Value of any fractional share of Company common
stock remaining after the withholding requirements are satisfied will be paid to the Participant in cash. The Company may also require the Participant to deliver a check in the amount of any tax withholding obligation, or to otherwise indemnify the
Company, as a condition to the issuance of any stock hereunder. 
 6. Conditions on Award. 

Notwithstanding anything herein to the contrary, the Committee may cancel an award of Performance Stock Units, and may refuse to settle a
Final Award, if: 
 a. During the period from the date of the Participant’s termination of employment from the Company to
the date of settlement of a Final Award, the Committee determines that the Participant has either (i) refused to be available, upon request, at reasonable times and upon a reasonable basis, to consult with, supply information to and otherwise
cooperate with the Company with respect to any matter that was handled by the Participant or under the Participant’s supervision while the Participant was in the employ of the Company or (ii) engaged in any activity that is directly or
indirectly in competition with any activity of the Company; or 
 b. The Committee determines that the Participant, at any time
(whether before or after the Participant’s termination of employment with the Company, and whether before or after the grant of the Performance Stock Units), acted in any manner that the Committee deems detrimental to the best interests of the
Company. 

  
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 7. Effect of Change in Control. 

Notwithstanding anything to the contrary herein, upon the occurrence of a Change in Control, the Performance Period shall be terminated,
and the Participant will be entitled to a prorated Final Award calculated in accordance with this Paragraph 7. The prorated Final Award shall be determined by assuming target levels of performance or, if greater, projected performance assuming
continuation of the performance levels achieved during the portion of the Performance Period that has been completed prior to the Change in Control; provided, however, that to the extent that separate Performance Goals or other measures have been
established with respect to each calendar year within the Performance Period, (a) the portion of the Final Award that relates to any completed calendar year shall be determined based upon the actual results for such calendar year, and
(b) the portion of the Final Award that relates to any calendar year that has not been completed as of the date of the Change in Control will be determined by assuming target levels of performance (or if greater, projected performance assuming
continuation of performance achieved during the portion of the calendar year in which the Change in Control occurs). The Final Award as so determined will be prorated based upon the portion of the Performance Period that had been completed as of the
date of the Change in Control. Distribution shall be made as soon as practicable (and not more than 90 days) following the occurrence of the Change in Control. If the Participant is subject to another agreement governing the Participant’s
employment, such other agreement will govern the Participant’s rights with respect to the Performance Stock Units to the extent that such agreement provides greater rights to the Participant upon a Change in Control of the Company. 

8. Nontransferability. 
 Except as provided in Paragraph 9 of this Agreement, the Participant has no right to sell, assign, transfer, pledge, or otherwise alienate the Performance Stock Units, and any attempted sale, assignment,
transfer, pledge or other conveyance will be null and void. 
 9. Beneficiary. 

The Participant may designate a beneficiary to receive any settlement of any Final Award that may be made on or after the
Participant’s death on the form or in the manner prescribed for such purpose by the Committee. Absent such designation, the Participant’s beneficiary will be the Participant’s estate. The Participant may from time to time revoke or
change the beneficiary designation without the consent of any prior beneficiary by filing a new designation with the Company. If a Participant designates his or her spouse as beneficiary, such designation automatically shall become null and void on
the date of the Participant’s divorce or legal separation from such spouse. The last such designation received by the Company will be controlling; provided, however, that no designation, or change or revocation thereof, will be effective
unless received by the Company prior to the Participant’s death, and in no event will any designation be effective as of a date prior to such receipt. If the Committee is in doubt as to the identity of the beneficiary, the Committee may deem
the Participant’s estate as the beneficiary, or the Company may apply to any court of appropriate jurisdiction and such application will be a complete discharge of the liability of the Company therefor. 

  
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 10. Securities Law Restrictions. 

a. The Participant acknowledges that any stock that may be transferred to the Participant in settlement of a Final Award, is being
acquired for investment purposes only and not with a view to resale or other distribution thereof to the public in violation of the Securities Act of 1933, as amended (the “Act”). The Participant agrees and acknowledges, with respect to
any stock that has not been registered under the Act, that (a) the Participant will not sell or otherwise dispose of such stock except pursuant to an effective registration statement under the Act and any applicable state securities laws, or in
a transaction which in the opinion of counsel for the Company is exempt from such registration, and (b) a legend may be placed on the certificates for the stock to such effect. As further conditions to the issuance of the stock, the Participant
agrees for himself or herself, the Participant’s beneficiary, and the Participant’s heirs, legatees and legal representatives, prior to such issuance, to execute and deliver to the Company such investment representations and warranties,
and to take such other actions, as the Committee determines may be necessary or appropriate for compliance with the Act and any applicable securities laws. 
 b. Notwithstanding anything herein to the contrary, the Committee, in its sole and absolute discretion, may delay settlement of or transferring stock to a Participant or the Participant’s beneficiary
in settlement of a final Award or may impose restrictions or conditions on the Participant’s (or any beneficiary’s) ability to directly or indirectly sell, hypothecate, pledge, loan, or otherwise encumber, transfer or dispose of the stock,
if the Committee determines that such action is necessary or desirable for compliance with any applicable state, federal or foreign law, the requirements of any stock exchange on which the stock is then traded, or is requested by the Company or the
underwriters managing any underwritten offering of the Company’s securities pursuant to an effective registration statement filed under the Act. 
 11. Voting Rights. 
 The Participant shall have no voting rights with
respect to the Performance Stock Units either during the Performance Period or at any time prior to the actual distribution of a Final Award. 
 12. Limited Interest. 
 a. The grant of the Performance Stock Units shall
not be construed as giving the Participant any interest other than as provided in this Agreement. The Participant shall have no rights as a shareholder as a result of the grant or vesting of the Performance Stock Units unless and until shares of
common stock of the Company are issued in settlement of a Final Award. 
 b. The grant of the Performance Stock Units shall not
confer on the Participant any right to continue as an employee or continue in service of the Company, nor interfere in any way with the right of the Company to terminate the Participant’s employment at any time. 

  
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 c. The grant of the Performance Stock Units shall not affect in any way the right or power
of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger, consolidation or business combination of the Company, or any
issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the stock or the rights of the holders thereof, or the dissolution or liquidation of the Company, or
any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise. 
 d. The Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any
time. The grant of the Performance Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Performance Stock Units or benefits in lieu of Performance Stock Units in the future. Future
grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number of shares or units to be granted, and restrictions placed on such shares or units. 

13. Consent to Transfer of Personal Data. 
 The Participant voluntarily acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph. The Participant is not obliged to consent to such
collection, use, processing and transfer of personal data. However, failure to provide the consent may affect the Participant’s ability to participate in the Plan. The Company holds certain personal information about the Participant, including
the Participant’s name, home address and telephone number, date of birth, social security number or other employee identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all
options or any other entitlement to shares of stock or units awarded, canceled, purchased, vested, unvested or outstanding in the Participant’s favor, for the purpose of managing and administering the Plan (“Data”). Visteon
Corporation and/or its subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of the Participant’s participation in the Plan, and the Company may further transfer Data to
any third parties assisting the Company in the implementation, administration and management of the Plan. These recipients may be located in the European Economic Area, or elsewhere throughout the world, such as the United States. The Participant
authorizes them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of
such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on the Participant’s behalf to a broker or other third party with whom the Participant may elect to deposit any shares of stock
acquired pursuant to the Plan. The Participant may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect the Participant’s
ability to participate in the Plan. 

  
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 14. Incorporation by Reference. 

The terms of the Plan are expressly incorporated herein by reference. Capitalized terms that are not defined in this Agreement will have
the meaning ascribed to them under the Plan. In the event of any conflict between this Agreement and the Plan, the Plan shall govern. 
 15. Governing Law. 
 This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, without reference to any conflict of laws principles thereof. 
 16.
Severability. 
 In the event any provision of the Agreement is held illegal or invalid for any reason, the illegality or
invalidity will not affect the remaining provisions of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision has not been inserted. 

17. Amendment. 
 This Agreement may not be amended, modified, terminated or otherwise altered except by the written consent of Visteon Corporation and the Participant. 

18. Counterparts. 
 This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original but all of which together will constitute one and the same instrument. 

 

			
	VISTEON CORPORATION
		
	By:	 	  

		
	Title:	 	  

		
	Date:	 	  

  
 7Amended and Restated Non-Qualified Deferred Compensation Plan

 Exhibit 10.2 
 FIRST COMMONWEALTH FINANCIAL CORPORATION 
 NON-QUALIFIED DEFERRED COMPENSATION PLAN

 As Amended and Restated 
 Effective as of January 1, 2012 

 THIS PLAN, is amended and restated as of the 1st day of January, 2012. 

WITNESSETH 

RECITALS 

The First Commonwealth Financial Corporation Supplemental Executive Retirement Plan (the “Plan”) was originally adopted as of
January 1, 1998, by First Commonwealth Financial Corporation, a bank holding company organized and existing under the laws of the Commonwealth of Pennsylvania (the “Employer”) for certain Executive Employees (as defined herein) of the
Employer. 
 WHEREAS, pursuant to the authority reserved in Section 11.1 of the Plan, the Plan has been amended from time
to time to incorporate changes that have been deemed appropriate; and 
 WHEREAS, the Plan was most recently amended and
restated effective as of January 1, 2008 as a result of application of certain provisions of Internal Revenue Code Section 409A which generally became effective as of January 1, 2009; and 

WHEREAS, the Plan was amended as of April 9, 2009 and again as of January 1, 2010, in certain respects and there are certain
other changes that have been approved to be made to the Plan effective as of January 1, 2012, which have resulted in the decision to amend and restate the Plan as of that date. 
 Accordingly, the Plan, as amended and restated, is hereby adopted. 

 TABLE OF CONTENTS 

 

									
	 ARTICLE
	 	 TITLE
	  	PAGE	 
			
	 I
	 	 DEFINITIONS
	  	 	1	  
			
	 II
	 	 INTRODUCTION AND PURPOSE
	  	 	6	  
				
		 	 2.1
	  	 Introduction
	  	 	6	  
		 	 2.2
	  	 Purpose
	  	 	6	  
			
	 III
	 	 PARTICIPATION
	  	 	7	  
				
		 	 3.1
	  	 Participation
	  	 	7	  
		 	 3.2
	  	 Termination of Employment
	  	 	7	  
			
	 IV
	 	 CONTRIBUTIONS AND ALLOCATIONS
	  	 	8	  
				
		 	 4.1
	  	 Salary Reduction (Elective) Contributions
	  	 	8	  
		 	 4.2
	  	 Non-Elective Contributions.
	  	 	8	  
		 	 4.3
	  	 Termination of Employment During Year
	  	 	9	  
			
	 V
	 	 VESTING
	  	 	10	  
				
		 	 5.1
	  	 Vesting in Salary Reduction (Elective) Contributions
	  	 	10	  
		 	 5.2
	  	 Vesting in Non-Elective Contributions
	  	 	10	  
			
	 VI
	 	 INVESTMENTS AND VALUATIONS
	  	 	11	  
				
		 	 6.1
	  	 Investment of Participant’s Aggregate Account
	  	 	11	  
		 	 6.2
	  	 Adjustment of Investment Earnings
	  	 	11	  
		 	 6.3
	  	 Valuation of the Investment Funds
	  	 	11	  
		 	 6.4
	  	 Right to Change Procedures
	  	 	12	  
		 	 6.5
	  	 Statement of Accounts
	  	 	12	  
			
	 VII
	 	 DETERMINATION AND DISTRIBUTION OF BENEFITS
	  	 	13	  
				
		 	 7.1
	  	 Distribution Events
	  	 	13	  
		 	 7.2
	  	 Distribution Forms for Executive Employees who were Plan Participants on or before January 1, 2011
	  	 	14	  
		 	 7.2A
	  	 Distribution Forms for Executive Employees who become Plan Participants on or after January 1, 2012
	  	 	16	  
		 	 7.3
	  	 Distribution Timing for Executive Employees who were Plan Participants on or before January 1, 2011
	  	 	16	  
		 	 7.3A
	  	 Distribution Timing for Executive Employees who become Plan Participants on or after January 1, 2012
	  	 	16	  
		 	 7.4
	  	 Distribution Elections for Post-December 31, 2007 Salary Deferrals and FCFC Contributions for Executive Employees who were
Plan Participants on or before January 1, 2011
	  	 	16	  

									
		 	 7.5
	  	 Post-December 31, 2007 Installments Payments Considered Separate Payments
	  	 	17	  
		 	 7.6
	  	 Making of Distribution
	  	 	17	  
			
	 VIII
	 	 BENEFICIARIES; PARTICIPANT DATA
	  	 	18	  
				
		 	 8.1
	  	 Beneficiary Designations
	  	 	18	  
		 	 8.2
	  	 Communications
	  	 	18	  
			
	 IX
	 	 ADMINISTRATION
	  	 	19	  
				
		 	 9.1
	  	 Powers and Responsibilities of Administrator
	  	 	19	  
		 	 9.2
	  	 Plan Sponsor
	  	 	19	  
		 	 9.3
	  	 Powers and Responsibilities of Committee
	  	 	19	  
		 	 9.4
	  	 Claims Procedure
	  	 	19	  
			
	 X
	 	 TRUST FUND
	  	 	21	  
				
		 	 10.1
	  	 Establishment of Trust
	  	 	21	  
		 	 10.2
	  	 Right of Assignment and Transfer of Interest
	  	 	21	  
		 	 10.3
	  	 Unfunded Nature of Plan
	  	 	21	  
			
	 XI
	 	 AMENDMENT AND TERMINATION
	  	 	22	  
				
		 	 11.1
	  	 Amendment
	  	 	22	  
		 	 11.2
	  	 Termination of Plan
	  	 	22	  
			
	 XII
	 	 MISCELLANEOUS
	  	 	23	  
				
		 	 12.1
	  	 Limitation of Rights
	  	 	23	  
		 	 12.2
	  	 Headings
	  	 	23	  
		 	 12.3
	  	 Gender and Number
	  	 	23	  
		 	 12.4
	  	 Governing Law
	  	 	23	  

 ARTICLE I 
 DEFINITIONS 
 As used in this Plan, the following words and phrases shall have the
meaning set forth below, unless a different meaning is clearly required by the context: 
  

	1.1	“Act” means the Employee Retirement Income Security Act of 1974 (P.L. 93-406, 29 USC § 1001 et seq), as the same maybe amended from time to time.

  

	1.2	“Administrator” means the Employer. 

  

	1.3	“Aggregate Account” means, with respect to each Participant, the value of all accounts maintained on behalf of that Participant. 

 

	1.4	“Anniversary Date” means December 31, 2012 and each thirty-first day of December thereafter. 

 

	1.5	“Basic 401(k) Plan” means the First Commonwealth Financial Corporation 401(k) Retirement Savings and Investment Plan, as amended from time to time.

  

	1.6	“Beneficiary” means the person to whom, or the entity to which, a share of a deceased Participant’s interest in the Plan is payable.

  

	1.7	“Board of Directors” means the Board of Directors of the Employer. 

 

	1.8	“Change of Control” means any person or group of persons acting in concert (within the meaning of Section 13(d) of the Securities Exchange Act of 1934
and the regulations of the Securities and Exchange Commission promulgated hereunder) who shall acquire legal or beneficial ownership interest, or voting rights, in twenty-five percent (25%) or more of the common voting stock of the Employer and
a Participant is separated from service with the Employer as a result of the Change of Control. 

  

	1.9	“Committee” means the Compensation and Human Resources Committee of the Board of Directors of the Employer, as the same shall from time to time be
constituted. 

  

	1.10	“Compensation” on or after April 9, 2009, with respect to any Participant, means such Participant’s base compensation paid to him during the Plan
Year excluding overtime pay, bonuses, commissions and incentive pay, income realized on or after January 1, 2012, from becoming vested in restricted stock awards, any non-qualified deferred compensation, income from exercise of stock options,
separation pay, early retirement pay, any reimbursement or other expense allowances and other taxable fringe benefits. 

  

	1.11	“Code” means the Internal Revenue Code of 1986 (26 USC), as amended from time to time. 

 

	1.12	“Deferred Compensation” means that portion of a Participant’s remuneration which he would have been entitled to receive in cash during a calendar year
but for a Salary Reduction Agreement between such Participant and the Employer. 

  
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	1.13	“Effective Date” means the first day of January, 2012. The original effective date of the Plan was January 1, 1998. 

 

	1.14	“Elective Contribution” means the Employer’s contributions to this Plan that are made pursuant to the Participant’s deferral election in accordance
with Section 4.1 hereof. 

  

	1.15	“Employee” means any person employed by the Employer or of any subsidiaries or affiliates of which the Employer shall own a fifty percent (50%) or
greater capital interest, but shall not include consultants, directors who are not also employed by the Employer and other persons not employed by the Employer. 

 

	1.16	“Employer” means First Commonwealth Financial Corporation, a bank holding company, and any successor or successors thereto. 

 

	1.17	“ESOP” means the First Commonwealth Financial Corporation Employee Stock Ownership Plan, as amended from time to time. 

 

	1.18	“Executive Employee” means an Employee who is a member of the Employer’s select group of management or highly compensated employees within the meaning of
Section 201(2) of the Act (29 USC § 1051(2)). 

  

	1.19	“Fiduciary” means any person who, or entity which, (a) exercises any discretionary authority or discretionary control respecting management of the Plan
or exercises any authority or control respecting management or disposition of its assets, (b) renders investment advice for a fee or other compensation, direct or indirect, with respect to any moneys or other property of the Plan or has any
authority or responsibility to do so, or (c) has any discretionary authority or discretionary responsibility in the administration of the Plan, including, but not limited to, the Trustee, the Employer and the Administrator.

  

	1.20	“Forfeiture” means that portion of a Participant’s Account that is not Vested, and occurs on the same date that a forfeiture would occur for the
Participant under Basic 401(k) Plan. 

  

	1.21	“Former Participant” means a person who has once been a Participant hereunder but who is no longer an Employee and whose Vested Aggregate Account has not yet
been fully distributed to him. 

  

	1.22	“Investment Funds” means the various investment funds established and maintained under the Trust which shall be identical, (to the extent possible), or
similar to those maintained under the Basic 401(k) Plan. To the extent a stable value fund is used as an investment option, the applicable rules under that fund for transferring out of such investment option shall apply to all monies invested
therein. 

  

	1.23	“Labor Regulations” means the regulations of the United States Department of Labor (29 CFR), and as amended periodically. 

 

	1.24	“Non-Elective Contribution” means a contribution made by the Employer on behalf of a Participant other than an Elective Contribution.

  

	1.25	“Participant” means any Executive Employee who participates in this Plan. 

  
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	1.26	“Participant’s Aggregate Account” means the sum of a Participant’s Elective Account and the Participant’s Non-Elective Account.

  

	1.27	“Participant’s Elective Account” means the account established and maintained by the Administrator for each Participant with respect to his interest in
the Plan resulting from his Elective Contributions. 

  

	1.28	“Participant’s Non-Elective Account” means the account established and maintained by the Administrator for each Participant with respect to his interest
in the Plan resulting from his Non-Elective Contributions. 

  

	1.29	“Plan” means the First Commonwealth Financial Corporation Non-Qualified Deferred Compensation Plan as contained herein or as subsequently amended and/or
restated. 

  

	1.30(a)	“Plan Compensation” for certain Participants as of January 1, 2011,and for certain Executive Employees who become Participants on or after
January 1, 2012, whose Compensation for any calendar year is in excess of the amount permitted to be recognized for that calendar year under the Basic 401(k) Plan and ESOP because of the requirements of Section 401(a) (17) of the
Code, means a Participant’s Compensation for each calendar year in excess of the amount permitted to be recognized for that calendar year, under the Basic Plan 401(k) Plan and ESOP because of the requirements of Section 401(a)(17) of the
Code. 

  

	1.30(b)	“Plan Compensation” for certain Participants as of January 1, 2011, and for certain Executive Employees who become Participants on or after
January 1, 2012, whose Compensation for any calendar year on or after January 1, 2012, is at least $110,000 but not in excess of the amount permitted to be recognized for that calendar year under the Basic 401(k) Plan and ESOP because of
the requirements of Section 401(a)(17) of the Code, means a Participant’s Compensation for a calendar year of at least $110,000 but not in excess of the amount permitted to be recognized for that calendar year under the Basic 401(k) Plan
and ESOP because of the requirements of Section 401(a) (17) of the Code. 

  

	1.31	“Plan Year” means each calendar year commencing with the 2012 calendar year. 

 

	1.32	“Retirement Date” means the date on which a Participant can retire normally in accordance with the provisions of the Basic 401(k) Plan.

  

	1.33	“Salary Reduction Agreement” means an agreement between a Participant and the Employer, or, if applicable, with the subsidiary or affiliate employing the
Participant, pursuant to which such Participant’s Compensation shall be reduced and he shall be entitled to Deferred Compensation pursuant to Section 4.1 hereof. 

 

	1.34	 “Specified Employee” means a Participant who is a key employee as described in Code Section 416(i)(I)(A) with W-2 earnings for any
calendar year of at least $165,000 (subject possible cost-of-living adjustment). A Participant will not be considered a Specified Employee unless any stock of First Commonwealth Financial Corporation is publicly traded on an established securities
market or otherwise and the Participant is a Specified Employee on the date of his/her termination of employment. If a Participant is a Specified Employee at any time during the 12 months ending on the Specified Employee identification date, the
Participant is a Specified Employee for the twelve 

  
 3 

	 	
month period commencing on the Specified Employee effective date. The Specified Employee identification date is December 31. The Specified Employee effective date is the April 1st following the Specified Employee identification date. First Commonwealth Financial Corporation will determine whether
the Employer has publicly traded stock as of the date of the Participant’s termination of employment. 

  

	1.35	“Total Disability” means (a) the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (b) the Participant is determined to be totally disable by the Social Security Administration, or
(c) the Participant is determined to be disable in accordance with the long term disability program sponsored by FCFC. 

  

	1.36	“Treasury Regulation” means the income tax regulations as promulgated by the Secretary of the Treasury or his delegate (26 CFR), and as amended periodically.

  

	1.37	“Trust Administrative Committee” means the Trust Administrative Committee of the Trustee which shall have the authority to review, approve and modify
Participant requests for changes in the allocation of investments under the Plan with respect to a Participant’s Elective Account and Non-Elective Account. 

 

	1.38	“Trust Agreement” means that certain Agreement and Declaration of Trust made and entered into as of a given date with the Plan by and between the Employer, as
settlor, and the Trustee used for funding the benefits accrued hereunder, and any amendments, substitutions or recodifications thereto. 

  

	1.39	“Trust Fund” means the assets held in trust by the Trustee from time to time pursuant to the Trust Agreement. 

 

	1.40	“Trustee” means First Commonwealth Bank-Trust Division and any successor or successors thereto. 

 

	1.41	 “Unforeseen Emergency” means a severe financial hardship resulting from an illness or accident of the Participant or the Participant is
dependent (as defined in Section 152 of the Internal Revenue Code), loss of the Participant or the Participant’s beneficiaries 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 other similar extraordinary or unforeseeable circumstances arising as a result of events beyond the Participant’s control. For example, the imminent foreclosure of or
eviction from the Participant or the Participant’s beneficiaries primary residence may constitute an unforeseeable emergency. In addition, the need to pay for medical expenses, including non-refundable deductibles, as well as for the costs of
prescription drug medication, may constitute an unforeseeable emergency. Finally, the need to pay for the funeral expense of a spouse, or a dependent (as defined in Section 152 of the Internal Revenue Code) may also constitute an unforeseeable
emergency. Whether the Participant or the Participant’s beneficiary is faced with any unforeseeable emergency permitting a distribution is to be determined based on the relevant facts and circumstances of each case, but, in any case, a
distribution on account of unforeseeable emergency may not be made to the extent that such emergency is or may be relieved through reimbursement of compensation from insurance or otherwise,

  
 4 

	 	
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 under the Plan.

 Distributions because of an unforeseeable emergency must be limited to the amount reasonable necessary to
satisfy the emergency need (which may include amounts necessary to pay any Federal, State, Local, or foreign income taxes or penalties reasonably anticipated to result from the distribution). 

Determination of amounts reasonably necessary to satisfy the emergency need must take into account any additional compensation that is
available because the Plan provides for cancellation of a Salary Deferral election upon a payment due to an unforeseeable emergency. 
  

	1.42	“Valuation Date” means each day during the year in which the New York Stock Exchange is open for trading. 

 

	1.43	“Vested” means the non-forfeitable portion of any account maintained on behalf of a Participant. 

 

	1.44	“Year of Service” means any calendar year of employment with the Employer in which an Executive Employee completes at least 1,000 Hours of Service.

  
 5 

 ARTICLE II 
 INTRODUCTION AND PURPOSE 
  

	2.1	Introduction 

 This Plan
was originally adopted as of January 1, 1998, and was amended and restated initially as of January 1, 2003. The Plan was amended and restated as of January 1, 2008 to comply with applicable provisions of Internal Revenue Code 409A. It
is being amended and restated again as of January 1, 2012, to incorporate changes made as of April 9, 2009 and January 1, 2010, as well as certain other changes to be effective as of January 1, 2012. Notwithstanding anything to
the contrary, above, the provisions of the Plan that were in effect as of December 31, 2004 for those Executive Employees who were Participants on that date shall continue to apply for that portion of their Aggregate Account that was
attributable to Participant Elective Contributions and Non-Elective Contributions made through that date as well as earnings on such contributions. 
 The Plan continues to constitute “a plan which is unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly
compensated employees” within the meaning of Section 201(2) of the Act (29 USC § 1051(2)) and the Labor Regulations applicable thereto. Accordingly, it shall be exempt from Parts 2 and 3 of Title I of the Act and shall be subject to
simplified reporting and disclosure under Part 1 of Title I of the Act as provided by the applicable Labor Regulations. 
  

	2.2	Purpose 

 The purpose of
this Plan continues to be to restore some of the equity to Participants as compared with other Employees that would otherwise be lost under certain provisions of the Basic 401(k) Plan and the ESOP that have been incorporated in those two latter
instruments in order to meet specific legal requirements, such as: 
 a. The maximum compensation restrictions
contained at Section 401(a)(17) of the Code. 
 b. The Actual Deferral Percentage restrictions contained at
Section 401(k)(3)(ii) of the Code. 
 c. The Actual Contribution Percentage restrictions contained at
Section 401(m)(2)(A) of the Code. 
 d. The maximum contribution and forfeiture restrictions contained at
Section 415 of the Code. 
 e. The maximum salary reduction deferral restrictions contained at
Section 402(g) of the Code. 

  
 6 

 ARTICLE III 
 PARTICIPATION 
  

	3.1	Participation 

 An
Executive Employee will be eligible for participation in the Plan if his/her total annual or annualized applicable Plan Compensation for a calendar year is at least the amount specified in Section 1.30(b). 

 

	3.2	Termination Of Employment 

A Participant who ceases being an Employee shall cease being a Participant hereunder and shall thereupon become a Former Participant. If
such a Former Participant shall thereafter again become an Employee, he shall not automatically again become a Participant, but shall become a Participant again if, and only if, his/her total annual or annualized applicable Plan Compensation for a
calendar year is at least the amount specified in Section 1.30(b) and he elects to make Salary Reduction (Elective) Contributions pursuant to Section 4.1. 

  
 7 

 ARTICLE IV 
 CONTRIBUTIONS AND ALLOCATIONS 
  

	4.1	Salary Reduction (Elective) Contributions 

 Any Participant who is a Participant on the first day of a Plan Year may enter into a Salary Reduction Agreement with the Employer, or if applicable, with the subsidiary or affiliate employing the
Participant, but in any event is not required to enter into such an agreement, pursuant to which the Participant’s applicable Plan Compensation (either Section 1.30(a) or Section 1.30(b) Plan Compensation) shall be reduced by the
percentage that such Participant elects, not less than one percent (1%) nor more than twenty-five percent (25%), in whole integer percentages, such amount to constitute the Participant’s Deferred Compensation. For the purpose of assisting the
Employer and the Administrator in recording the amount of Deferred Compensation, and for providing additional assurance to the Participant of his rights thereto under certain circumstances, all as provided herein and in the Trust Agreement, the
Employer shall make an Elective Contribution on behalf of each such Participant, equal to the Participant’s elected Deferred Compensation for the Plan Year, in the manner provided by the next sentence hereto. The amount of such Elective
Contribution, as calculated at the beginning of each Plan Year, shall be conveyed and transferred to the Trustee in as level an amount as possible over the number of paychecks in that Plan Year to be held in trust for the benefit of the Participant,
but subject in any event to the interest of the creditors of the Employer under certain circumstances, as provided in the Trust Agreement. 
 Any such election shall be made prior to the first day of the applicable Plan Year and shall thereafter be irrevocable with respect to that Plan Year, but may be modified or revoked as it pertains to any
future Plan Year. The Employer, or if applicable, the subsidiary or affiliate employing the Participant, shall thereupon cause the Participant’s applicable Plan Compensation (either Section 1.30(a) or Section 1.30(b) Plan
Compensation) to be reduced in an amount equal to his Deferred Compensation for the Plan Year pursuant to such election, in as level an amount as possible over the number of paychecks in that Plan Year. 

Notwithstanding anything to the contrary above, if an Executive Employee becomes initially eligible to participate during a Plan Year, he
may elect to enter into a Salary Reduction Agreement with the Employer for that initial Plan Year by reducing applicable Plan Compensation (either Section 1.30(a) or Section 1.30(b) Plan Compensation) by any whole percentage necessary, if
applicable, to achieve a salary deferral equal to twenty-five percent (25%) of the applicable Plan Compensation for such Plan Year, provided such Salary Reduction Agreement is effective no sooner than thirty (30) days after it is completed
and returned to the Employer. Such election shall constitute the Participant’s Deferred Compensation for the initial Plan Year and shall thereafter be irrevocable with respect to that Plan Year. 

 

	4.2	Non-Elective Contributions 

There shall be no Non-Elective Contributions made to the Plan by the Employer on or after April 9, 2009, (or the pay period ending
which includes April 9, 2009). 

  
 8 

	4.3	Termination of Employment During Year 

 If a Participant shall terminate his employment during a Plan Year, all contributions, Elective and Non-Elective, shall cease after the last paycheck received by the Participant as a result of such
termination of employment. 

  
 9 

 ARTICLE V 
 VESTING 
  

	5.1	Vesting in Salary Reduction (Elective) Contributions 

 A Participant is always 100% vested in Salary Reduction (Elective) Contributions. 
  

	5.2	Vesting in Non-Elective Contributions 

 A Participant will be vested in Non-Elective Contributions in accordance with the following: 
  

	 	•	 	 100% immediate vesting in any 3% of Plan Compensation automatic contribution made on or before April 9, 2009 

 

	 	•	 	 Vesting in any Employer matching contributions made on or before April 9, 2009, upon completion of three (3) Years of Service and any end of
the year automatic contributions made on or before April 9, 2009, upon completion of five (5) Years of Service. 

  
 10 

 ARTICLE VI 
 INVESTMENTS AND VALUATIONS 
  

	6.1	Investment of Participant’s Aggregate Account 

 All contributions and earnings therein which are held in a Participant’s Elective Account or Non-Elective Account (which, in the aggregate, shall constitute a Participant’s Aggregate Account)
shall be invested in the Investment Funds maintained under the Trust. The Participant will be consulted with respect to the investment of his or her Participant’s Aggregate Account. However, the Trust Administrative Committee reserves the
right, in its sole discretion, to invest the Participant’s Aggregate Account as it deems best. 
  

	6.2	Adjustment for Investment Earnings 

 The amounts credited to a Participant’s Aggregate Account shall be credited or debited with a proportionate share of any gains or losses resulting from the Investment Funds from time to time in
accordance with uniform procedures established by the Trust Administrative Committee to reflect the values of an investment equal to the proportionate share of the Participant’s Aggregate Account balance in an Investment Fund. The Investment
Funds available may be added or eliminated from time to time by the Trust Administrative Committee, with the approval of the Trustee; provided however, that the Trust Administrative Committee may not retroactively eliminate any Investment Fund.

 A Participant may express his or her desire to the Investment Fund(s) to be used with respect to his or her Elective
Contributions and Non-Elective Contributions in multiplies of 1%. A written investment expression may be delivered to the Trust Administrative Committee on the date that he or she commences participation in the Plan. The Participant may change his
or her Investment Fund(s) expression with respect to future Elective Contributions and Non-Elective Contributions and/or with respect to amounts previously credited to the Participant’s Aggregate Account, by notifying the Trust Administrative
Committee or its designee. A revised investment expression may be made by a Participant in writing at any time and shall be effective on a designated Valuation Date following the Trust Administrative Committee meeting at which such investment
expression is considered. 
 Notwithstanding anything to the contrary above, if a Participant does not make an investment
expression, the Trust Administrative Committee will invest all of the Participant’s Aggregate Account in the Federated Prime Obligations Fund. 
  

	6.3	Valuation of the Investment Funds 

 The Investment Funds shall be valued daily. On each calendar quarter Valuation Date as provided in Section 6.5, there shall be allocated to the Aggregate Account of each Participant his proportionate
share of the increase or decrease in the fair market value of his Aggregate Account in each of the Investment Funds. In addition, whenever an event requires a determination of the value of the Participant’s Aggregate Account, the value shall be
computed as of the Valuation Date on the date of determination, subject to the provisions of Section 6.2. 

  
 11 

	6.4	Right to Change Procedures 

The Trust Administrative Committee reserves the right to change from time to time the procedures used in valuing the Participant’s
Aggregate Account or crediting (or debiting) these Accounts if it determines, after due deliberation and upon the advice of counsel and/or the current recordkeeper, that such an action is justified in that it results in a more accurate reflection of
the fair market value of assets. In the event of a conflict between the provisions of this Article and such new administrative procedures, those new administrative procedures shall prevail. 

 

	6.5	Statement of Accounts 

 As
of the end of each calendar quarter Valuation Date (March 31, June 30, September 30, and December 31) each Participant shall be furnished with a statement setting forth the value of his Aggregate Account and the Vested portion of
his Aggregate Account. 

  
 12 

 ARTICLE VII 
 DETERMINATION AND DISTRIBUTION OF BENEFITS 
  

	7.1	Distribution Events 

 The
events which will cause a distribution to be made from the Plan include the following: 
 a. Termination of
Employment. A distribution will be triggered upon a Participant’s termination of employment for any reason for that portion of the Vested Aggregate Account attributable to Plan participation before January 1, 2005 and from January 1,
2005 through December 31, 2007. 
 b. The Later of Termination of Employment or Attainment of Age 62. A
distribution will be triggered upon the later of a Participant’s (i) termination of employment, or (ii) attainment of age 62 for that portion of the Vested Aggregate Account attributable to Plan participation after December 31,
2007. 
 c. Total Disability. A distribution will be triggered if a Participant incurs a Total Disability for
that portion of his Vested Aggregate Account attributable to Plan participation after December 31, 2007. 

d. Change of Control. A distribution will be triggered of a Participant’s total Vested Aggregate Account if there is
a Change of Control in total stock ownership of the Employer. 
 e. Unforeseen Emergency. A distribution will be
triggered if a Participant experiences an Unforeseen Emergency that causes such Participant to request a distribution for any reason. The distribution will be for that part of the Vested Aggregate Account attributable to Plan participation after
December 31, 2007. 
 Distributions that are because of an Unforeseen Emergency will be limited to the
amount reasonably necessary to satisfy the emergency need (can include amounts necessary to satisfy the emergency need, which may include amounts necessary to pay any Federal, State, Local or foreign income taxes or penalties reasonably anticipated
to result from the distribution). 
 Determination of amounts reasonably necessary to satisfy the emergency need
must take into account any additional compensation that will be available since a Salary Deferral election must be cancelled when a payment due to an Unforeseen Emergency is made. 

f. Death. Upon the death of a Participant, his/her designated beneficiary(ies) will receive a distribution of the total
Aggregate Account or the remaining balance of his/her total Aggregate Account under the Plan in one lump sum as soon as administratively practical after the Participant’s death. 

  
 13 

	7.2	Distribution Forms for Executive Employees who were Plan Participants on or before January 1, 2011 

a. Pre-January 1, 2005 Portion of the Aggregate Account 

If applicable, for that portion of the Vested Aggregate Account attributable to Pre-January 1, 2005 Plan participation,
the forms of distribution available include: 
  

	 	•	 	 Lump sum or 

  

	 	•	 	 Installment payments from 2 to 10 years. An election to receive installment payments shall be subject to the following: 

i. An election to receive installment payments must be made on a date that is at least one year prior to when the
Aggregate Account would otherwise be paid in a lump sum. 
 ii. The first installment shall be determined as of a
Valuation Date immediately preceding the commencement date of the first payment. Each installment shall be calculated by making each payment a fraction of the remaining Aggregate Account, the numerator of which is (1) and the denominator
(‘n”) of which is the remaining payments due. 
 iii. Until all installments have been paid, the
balance of the Vested portion of the Participant’s Aggregate Account shall continue to be credited with earnings (and losses) in accordance with Section 6.2 of Article VI. 

iv. In the event of the death of a Participant or Former Participant prior to the total Vested portion of his
Participant’s Aggregate Account being distributed to him, the remainder shall be distributed to his Beneficiary as soon as practicable after his death in a lump sum. 

Any Participant may change the elected form of distribution by filing such change with the designated representative of
the Administrator; provided, however, any change to the elected distribution form will not be effective until one year following the date the completed and executed form is returned. 

b. Post-January 1, 2005 Portion of the Aggregate Account 

For that portion of the Vested Aggregate Account attributable to post-December 31, 2004 Plan participation, the forms
of distribution available include: 
  

	 	•	 	 Lump sum, or 

  

	 	•	 	 Installment payments from 2 to 10 years. An election to receive installment payments shall be subject to the following: 

i. An election to receive installment payments must be made on a date that is at least one year prior to when the
Aggregate Account would otherwise be paid in a lump sum. 

  
 14 

 ii. The first installment shall be determined as of a Valuation Date
immediately preceding the commencement date of the first payment. Each installment shall be calculated by making each payment a fraction of the remaining Aggregate Account, the numerator of which is (1) and the denominator (‘n”) of
which is the remaining payments due. 
 iii. Until all installments have been paid, the balance of the Vested
portion of the Participant’s Aggregate Account shall continue to be credited with earnings (and losses) in accordance with Section 6.2 of Article VI. 
 iv. In the event of the death of a Participant or Former Participant prior to the total Vested portion of his Participant’s Aggregate Account being distributed to him, the remainder shall be
distributed to his Beneficiary as soon as practicable after his death in a lump sum. 
 Any change to the elected
form of distribution through December 31, 2008 will be subject to the following rules: 
 v. The change will
not be effective until one year following the date the completed and executed form is returned to the designated representative of the Administrator. 
 vi. The anti-acceleration rule under IRC Section 409A will not apply. For example, the elected form of distribution can be changed from installment payments over a 4-year period to a lump sum
payment. 
 vii. The 5-year deferral rule under IRC Section 409A will not apply. This means that any change
to a Participant’s elected form of distribution will not have to be delayed for 5 years following the originally scheduled commencement date. 
 viii. The distribution will be delayed for 6 months following the Participant’s termination of employment. 
 Any change to the elected form of distribution form on or after January 1, 2009 will be subject to the following rules: 

ix. The change will not be effective until one year following the date the completed and executed form is returned to the
designated representation of the Administrator. 
 x. The change in the elected form of distribution is subject
to the anti-acceleration rule of IRC Section 409A. For example, a Participant who elected installments over a 4-year period could not change to a lump sum payment or installments over a 2-year period. 

xi. Payments under the revised elected form of distribution will be delayed for 5 years beyond the
originally scheduled commencement date. For example, if Participant elected installment payments to be made over a 4-year period beginning on his 62nd birthday and wanted to change to installment 

  
 15 

 
payments to be made over a 10-year period, the 10-year installment payments would not begin until the Participant’s 67th birthday. 
 xii. The distribution will be delayed for 6 months following the Participant’s termination of employment. 
  

	7.2A	Distribution Form for Executive Employees who become Plan Participants on or after January 1, 2012 

a. The distribution form for the vested Aggregate Account for all Executive Employees who become Plan Participants on or after
January 1, 2012 shall be a lump sum. 
  

	7.3	Distribution Timing for Executive Employees who were Plan Participants on or before January 1, 2011 

a. Pre-January 1, 2005 Participation 
 Any Participant who has a portion of his Vested Aggregate Account attributable to pre-January 1, 2005 participation will have that portion of such Vested Aggregate Account paid or begin to be paid as
soon as administratively practical after termination of employment. 
 b. Post-December 31, 2004 Participation 

If an Executive Employee becomes a Participant in the Plan on or after January 1, 2005, but before January 1,
2012, or has a portion of his Vested Aggregate Account attributable to post-December 31, 2004 participation and was a Participant before January 1, 2012, and the Participant is determined to be a Specified Employee on his date of termination of
employment, the distribution will be postponed until 6 months after termination of employment pursuant to IRC Section 409A, unless the distribution is a result of an Unforeseen Emergency, in which case the distribution will be made as soon as
practical following the Unforeseen Emergency. 
  

	7.3A	Distribution Timing for Executive Employees who become Plan Participants on or after January 1, 2012 

a. If an Executive Employee becomes a Plan Participant on or after January 1, 2012, and the Participant is determined to be a
Specified Employee on his date of termination of employment, the distribution will be postponed until 6 months after his termination of employment, unless the distribution is a result of an Unforeseen Emergency, in which case the distribution will
be made as soon as practical following the Unforeseen Emergency. 
  

	7.4	Distribution Elections for Post-December 31, 2007 Salary Deferrals and FCFC Contributions for Executive Employees who were Plan Participants on or before
January 1, 2011 

  
 16 

 Distribution elections for post-December 31, 2007 Salary Deferrals and FCFC
Non-Elective Contributions will apply on a year-by-year basis. That is, a Participant’s distribution election for 2008 Salary Deferrals and Employer Non-Elective Contributions will apply for that year only, and a new separate election will
apply for 2009 Salary Deferrals and FCFC Non-Elective Contributions and for each subsequent year thereafter. 
  

	7.5	Post-December 31, 2007 Installment Payments Considered Separate Payments 

If a Participant elects installment payments for that portion of the Vested Aggregate Account attributable to post-December 31, 2007
participation, each installment payment will be considered a separate payment. As an example, assume a Participant elects for payment of the 2008 Plan Year Salary Deferrals, Employer Non-Elective Contributions and earnings to be made in a series of
5 equal annual installments, each of which is designated as a separate payment. The first installment is scheduled to be paid on January 1, 2010. On or before December 31, 2008, the Participant elects to receive the entire amount equal to
the sum of all 5 of the installments in a lump sum payment. Receipt of the lump sum payment cannot occur until January 1, 2019, 5 years from January 1, 2014. 
  

	7.6	Making of Distribution 

All distributions from this Plan, as provided herein, shall be made by the Trustee, from the Trust Fund, upon written authorization and
direction by the Administrator to the Trustee, as long as the Employer shall not then be bankrupt or insolvent, as defined and provided in the Trust Agreement. If payments to the Participants, Former Participants and Beneficiaries shall then be
suspended or terminated because of the bankruptcy or insolvency of the Employer, in accordance with the provisions of the Trust Agreement, distributions shall then be made by the Employer, subject to any necessary approvals of a bankruptcy court or
other supervising court; provided, however, if the suspension of payment from the Trust Fund shall later be discontinued, distributions shall again be made from the Trust Fund, all as more fully provided in the Trust Agreement. 

  
 17 

 ARTICLE VIII 
 BENEFICIARIES; PARTICIPANT DATA 
  

	8.1	Beneficiary Designations 

Each Participant from time to time may designate any person or persons (who may be named contingently or successively) to receive such
benefits as may be payable under the Plan upon or after the Participant’s death, and such designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the
same Participant, shall be in a form prescribed by the Employer, and will be effective only when filed in writing with the Employer during the Participant’s lifetime. 
 In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Employer shall pay
any such benefit payment to the Participant’s spouse, if then living, but otherwise to the Participant’s then living descendants, if any, per stirpes, but, if none, to the Participant’s estate. In determining the existence or
identity of anyone entitled to a benefit payment, the Employer may rely conclusively upon information supplied by the Participant’s personal representative, or if a dispute arises with respect to any such payment, then notwithstanding the
foregoing, the Employer, in its sole discretion, may distribute such payment to the Participant’s estate without liability for any tax or other consequences which might flow therefrom, or may take such other action as the Employer deems to be
appropriate. 
  

	8.2	Communications 

 Any
communication, statement, or notice addressed to a Participant or to a Beneficiary at his last post office address as shown on the Employer’s records shall be binding on the Participant or Beneficiary for all purposes of the Plan. The Employer
shall not be obliged to search for any Participant or Beneficiary beyond the sending of a registered letter to such last known address. 

  
 18 

 ARTICLE IX 
 ADMINISTRATION 
  

	9.1	Powers and Responsibilities of Administrator 

 The Administrator shall administer, construe, and interpret this Plan and shall, subject to its provisions, certify and direct the Trustee as to the making of distributions hereunder. The Administrator
shall have discretionary authority to exercise all powers and to make all determination, consist with the terms of the Plan, in all matters entrusted to it, and its determination shall be given deference and shall be final and binding on all
interested parties. The Administrator shall constitute the named administrator within the meaning of Section 3(16)(A) of the Act (29 USC § 1002(16)(A)). 
  

	9.2	Plan Sponsor  

 The plan
sponsor within the meaning of Section 3(15)(B) of the Act (29 USC § 1102(15)(B)) shall be the Employer. 
  

	9.3	Powers and Responsibilities of Committee 

 The Committee may permit additional Participants into the Plan from time to time and provide exceptions and waivers as to any provision thereof, provided no such exception or waiver shall reduce the
benefit to which a Participant is otherwise entitled under any provision hereof. The Committee shall also have the power to amend and terminate the Plan to the extent provided by Article X hereof. 

 

	9.4	Claims Procedure 

 Any
Participant, Former Participant or Beneficiary, or his duly authorized representative, may file with the Administrator a claim for a benefit under this Plan. Such a claim must be in writing, be on a form provided by the Administrator if the
Administrator had previously issued such a form and made the same available to the Participant, Former Participant or Beneficiary, and must be delivered to ‘the Administrator, in person or by mail, postage prepaid. Within ninety (90) days
after the receipt of such a claim, the Administrator shall send to the claimant, by mail, postage prepaid, a notice of the granting or denying, in whole or in part, of such claim, unless special circumstances require an extension of time for the
processing of the claim. In no event may the extension exceed ninety (90) days from the date of the initial period. If such an extension is necessary, the claimant will be given written notice to this effect prior to the expiration of the
initial ninety (90) day period. The Administrator shall have full discretion to grant or deny a claim in whole or in part in accordance with the terms of this Plan. If notice of the denial of a claim is not furnished in accordance with this
Section 9.4, the claim shall be deemed denied and the claimant shall be permitted to exercise his right of review as hereinafter provided. 
 The Administrator shall provide to every claimant who is denied a claim for benefits a written notice setting forth, in a manner calculated to be understood by the claimant the following information,
viz.: 
 a. The specific reason or reasons for the denial. 

  
 19 

 b. Specific references to the pertinent Plan provisions on which the denial
is based, together with a copy of such Plan provisions. 
 c. A description of any additional material or
information necessary of the claimant to perfect the claim and an explanation of why such material or information is necessary, and 
 d. An explanation of the Plan’s claim review procedure. 
 Within sixty
(60) days after the receipt by a claimant of written notification of the denial (in whole or in part) of a claim by the Administrator, the claimant or his duly authorized representative, upon written application to the Administrator, delivered
in person or by certified mail, postage prepaid, may review pertinent documents and submit to the Administrator, in writing, his notice of appeal from the initial decision, together with a detailed statement of the basis and arguments upon which
such appeal is based, including such statements of fact and conclusions of law, together with the justification therefor, as claimant or his authorized representative believe supports his appeal from the initial decision of the Administrator.

 Upon the Administrator’s receipt of a notice of a request for review, the Administrator shall make a prompt decision on
the review and shall communicate the decision on review to the claimant or his authorized representative. The decision on review shall be written in a manner calculated to be understood by the claimant and shall (unless the decision shall fully
reverse the denial of the claim and completely accept the claim of the claimant) include specific reasons for the decision and specific references to the pertinent Plan provisions upon which the decision is based. The decision on review shall be
made not later than sixty (60) days after the Administrator’s receipt of a request for a review, unless special circumstances require an extension of time for processing, in which case a decision shall be rendered not later than
one-hundred-twenty (120) days after receipt of the request for review. If an extension is necessary, the claimant shall be given written notice of the extension by the Administrator prior to the expiration of the initial sixty (60) day
period. If notice of the decision on review is not furnished in accordance with this Section 8.4, the claim shall be deemed denied on review. 

  
 20 

 ARTICLE X 
 TRUST FUND 
  

	10.1	Establishment of Trust 

In order to assist the Employer in meeting its obligations hereunder and provide a more certain and regular procedure for receipt of
benefits by the Participants, Former Participants and Beneficiaries, the Employer has entered into a Trust Agreement with the Trustee for the holding of the Trust Fund in trust in accordance with all of the provisions thereof contained. Such trust
shall continue to be a grantor trust within the meaning of Section 671 of the Code and an accumulation trust within the meaning of Subpart C of Part 1 of Subchapter J of Chapter 1 of Subtitle A of the Code. 

 

	10.2	Right of Assignment and Transfer of Interest 

 No amounts payable hereunder may be assigned, pledged, mortgaged, hypothecated, sold or transferred nor may any such amounts be subject to lien, levy, distraint or other legal process or attachment. All
right to benefits hereunder shall be personal to the Participant, Former Participant or Beneficiary and no such person shall have a right to the assets held in the Trust Fund, or any portion thereof, prior to the Administrator directing the Trustee
to make payment therefrom in a particular instance. 
  

	10.3	Unfunded Nature of Plan 

Since the rights of the Participants, Former Participants and Beneficiaries are not absolute but are defeasible in the event of the
bankruptcy or insolvency of the Employer, as provided by the Trust Agreement, this Plan shall, notwithstanding the existence of the Trust Fund, be deemed unfunded for the purpose of Title I of the Act, in accordance with Department of Labor
Regulations. 

  
 21 

 ARTICLE XI 
 AMENDMENT AND TERMINATION 
  

	11.1	Amendment 

 This Plan may
be amended at any time and from time to time by the Committee; provided, however, no such amendment shall reduce the benefit hereunder accrued by any Participant, Former Participant or Beneficiary prior to the later of (a) the date that such
amendment is to be effective or (b) the date that such amendment is so adopted by the Committee. The Committee may authorize and direct any officer of the Employer to take such action, and execute such documents as are necessary or appropriate
to evidence the adoption of any amendment hereto. 
  

	11.2	Termination of Plan 

 The
Committee may cause and authorize this Plan to be terminated at any time; provided however, no such termination shall defease any right of a Participant, Former Participant or Beneficiary to any benefit accrued prior to the date of such termination
(whether such benefit shall otherwise be Vested or not under the terms of the Plan). The Committee may authorize and direct any officer of the Employer to take such action, and execute such documents, as are necessary or appropriate to effectuate
any such decision of the Committee. 

  
 22 

 ARTICLE XII 
 MISCELLANEOUS 
  

	12.1	Limitation of Rights 

Nothing contained in this Plan shall be construed to limit in any way the right of the Employer (or, if applicable, the subsidiary or
affiliate employing the Employee) to terminate an Employee’s or Participant’s employment at any time or in. any way to constitute an agreement or understanding, express or implied, that the Employer (or, if applicable, the subsidiary or
affiliate employing the Employee) will continue to employ Employee, or will employ, or continue to employ, the Employee in any particular position or under any particular circumstances. 

 

	12.2	Headings 

 The headings
and subheading contained herein are for convenience of reference only and are to be ignored in any construction thereof. 
  

	12.3	Gender and Number 

Whenever used in this Plan, the masculine shall be deemed to include the feminine and the singular shall be deemed to include the plural.

  

	12.4	Governing Law 

 This Plan
shall be construed in accordance with, and governed by, the laws of the Commonwealth of Pennsylvania, to the extent such laws are not preempted by the laws of the Untied States of America. 

IN WITNESS WHEREOF, the undersigned officers, being duly authorized, have caused this amended and restated Plan to be duly executed
by, and on behalf of, FIRST COMMONWEALTH FINANCIAL CORPORATION, a corporation organized and existing pursuant to the laws of the Commonwealth of Pennsylvania, this 7th day of December, 2011, but to be effective as and from the first day of January 1, 2012. 

 

							
	 (SEAL)
	 		 	FIRST COMMONWEALTH FINANCIAL CORPORATION
				
	Attest:	 		 		 	
				
	 /s/ Matthew C. Tomb
	 		 	By	 	 /s/ John J. Dolan

			
	Executive Vice President,	 		 	President and Chief
	Secretary	 		 	Executive Officer

  
 23

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