Document:

EX-10.4

NONQUALIFIED OPTION AGREEMENT

FOR DIRECTORS

[Date]

This Nonqualified Option Agreement is made as of      ,     (the “Date of Grant”),
between PPG INDUSTRIES, INC. (the “Company”), and,      (the “Optionee”).

The purpose of this Agreement is to evidence the grant by the Company to the Optionee of a
Nonqualified Option pursuant to the PPG Industries, Inc. Stock Plan (the “Plan”).

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

1. Incorporation by Reference. The capitalized terms used herein (including Fair
Market Value, which means the closing sale price on the applicable date) shall have the meanings
set forth in the Plan, the text of which is set forth in the Prospectus dated April 18, 2002,
concerning the Plan, which, unless previously delivered to you, is enclosed. The Plan is
incorporated herein by reference. Also incorporated herein by reference are the Rules and
Regulations of the Committee, as presently in effect and as they may be amended from time-to-time.

2. Grant. The Company hereby grants to the Optionee the right and option to purchase
     shares of the Common Stock of the Company, subject to adjustment as provided in Section 12
of the Plan, on the terms and conditions herein set forth or incorporated by reference.

3. Option Price. The Option Price of the shares subject to the Option, unless
adjusted as provided in Section 12 of the Plan, shall be $  per share, which
is the Fair Market Value of a share of Common Stock on the Date of Grant.

4. Option Term. The Option may be exercised as to any or all shares subject to the
Option, at any time or from time-to-time, during the period beginning      ,     and
ending      ,     inclusive (the “Expiration Date”), subject to earlier termination as
provided herein; provided, however, that the Rules and Regulations of the Committee may provide for
the acceleration of the exercisability of the Option in such events as the Committee may from
time-to-time prescribe.

5. Exercise of Option.

(a) The Option may be exercised by the Optionee giving written notice to the Company
specifying the number of shares to be purchased.

(b) The Option Price shall be payable in such form and at such times as the Rules and
Regulations of the Committee may from time-to-time prescribe or permit.

(c) As soon as practicable after receipt by the Company of the required notice and payment in
full of the Option Price for the shares purchased, but in no event earlier than the third (3rd)
business day after the date of exercise, a certificate or certificates representing the shares to
be acquired by the Optionee shall be issued to the Optionee; provided that any certificate(s) for
the shares purchased may be retained by the Company or its stock transfer agent or kept in a
book-entry account by its stock transfer agent or may have such restrictive legends imprinted
thereon prohibiting the transfer of such certificate(s) for such period as may be prescribed by the
Committee in the Rules and Regulations of the Committee or otherwise. Subject to the foregoing,
the Optionee shall have the rights of a shareholder with respect to such shares on the third (3rd)
business day after the date of exercise.

(d) The date of exercise shall be the date the required notice is received by the Company;
provided, however, that if payment in full is not received by the Company as prescribed or
permitted by the Rules and Regulations of the Committee, such notice shall be deemed not to have
been received.

6. Termination and Continuation of Option. Unless the Committee shall determine
otherwise, the Option shall immediately expire and shall not become exercisable if for any reason
the Optionee ceases to be a Director of the Company prior to      ,     .

If the Optionee continues to be a Director of the Company for a year or more after the Date of
Grant:

(a) the Option may be exercised by the Optionee during the option term set forth in Section
4;

(b) if the Optionee becomes totally and permanently disabled a year or more after the Date of
Grant, the Option will become immediately exercisable and remain exercisable through the Expiration
Date; and

(c) if the Optionee dies a year or more after the Date of Grant, the Option will become
immediately exercisable and may be exercised by the Optionee’s Successor at any time through the
Expiration Date.

7. Forfeiture. Notwithstanding any other provisions herein, the Optionee, by
execution of this Agreement, agrees and acknowledges that in return for the Options granted by the
Company herein, the following continuing conditions shall apply:

(a) if at any time within (i) the term of this Option or (ii) within one (1) year after the
Optionee exercises any part of this Option, whichever is latest, the Optionee 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:
(A) conduct related to the Optionee’s activities relating to the Company for which either criminal
or civil penalties against the Optionee may be sought, (B) 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, (C) disclosing or
misusing any confidential information or material concerning the Company or any of its
subsidiaries, or (D) participating in a hostile takeover attempt, then (1) this option shall
terminate effective the date on which the Optionee enters into such activity, unless terminated
sooner by operation of another term or condition of this Agreement, the Rules and Regulations or
the Plan, and (2) any “Option Gain” realized by the Optionee from exercising all or any portion of
this Option within one (1) year prior to the Optionee entering into such activity shall be paid by
Optionee to the Company. “Option Gain” shall mean the gain represented by the closing market price
on the date of exercise over the exercise price, multiplied by the number of shares purchased,
without regard to any subsequent market price decrease or increase.

(b) By accepting this Agreement, Optionee consents to a deduction from any amounts the Company
or any of its subsidiaries owes the Optionee from time to time (including amounts owed to the
Optionee as fees or benefits, as well as any other amounts owed to the Optionee by the Company or
any of its subsidiaries), to the extent of the amounts owed to the Company by the Optionee under
paragraph (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 the Optionee owes it, calculated
as set forth above, the Optionee agrees to pay immediately the unpaid balance to the Company.

(c) Optionee may be released from Optionee’s obligations under paragraphs (a) and (b) above
only if the Committee (or its duly appointed agent) determines, in its sole discretion, that such
action is in the best interests of the Company.

8. Restored Option Feature Not Available. The Restored Option feature of the Plan
shall not apply to the Option granted in this Agreement and Restored Options will not be granted
upon any exercise of the Option granted in this Agreement.

9. Nontransferability. The Option is not transferable by the Optionee except by will
or the laws of descent and distribution and shall be exercisable during the Optionee’s lifetime
only by the Optionee.

10. Irrevocability. The rights and options granted hereby may not be rescinded,
modified, canceled or otherwise affected by the Company, except as provided herein (whether
expressly or by incorporation by reference), without the written consent of the Optionee.

11. Choice of Law. The validity, construction and performance of 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.

12. 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.

13. Notices. All notices provided for herein shall be in writing and, if to the
Company, shall be delivered to the Secretary of the Company or mailed to its principal office, One
PPG Place, Pittsburgh, Pennsylvania 15272, addressed to the attention of the Secretary, and, if to
the Optionee, shall be delivered personally or mailed to the Optionee at the address appearing in
the records of the Company or a Subsidiary. Such addresses may be changed at any time by written
notice to the other party.

14. Prospectus. By execution of this Agreement, the Optionee acknowledges receipt of
the Prospectus dated April 18, 2002, concerning the Plan.

This Nonqualified Option shall, under no circumstances, be treated as an Incentive Option.

Optionee

	 	 	 
	PPG INDUSTRIES, INC.

ByEX-10.5

PPG INDUSTRIES, INC.

BOARD OF DIRECTORS

SUMMARY

OF

COMPENSATION

AND

BENEFITS

The following is a summary of the compensation and benefits provided to non-employee members
of the Board of Directors of PPG Industries, Inc.

	 
	 

	Retainers and Meeting Fees

	 

Each non-employee Director will receive an annual retainer of $90,000. An additional annual
retainer is paid to the Chairperson of the following committees as indicated below:

	 	 	 	 	 
	Committee	 	Retainer
	Audit
	 	$	7,500	 
	Nominating
	 	$	5,000	 
	O-D Compensation
	 	$	5,000	 
	Investment
	 	$	5,000	 

	 
	 

	Deferred Compensation

	 

The PPG Industries, Inc. Deferred Compensation Plan for Directors gives each non-employee Director
the opportunity to defer receipt of all or any portion of the compensation each such Director earns
as a Director until such Director leaves the Board. Each non-employee Director’s Plan account is
credited in the form of stock equivalents with the amount of compensation that is deferred and such
stock equivalents are credited with dividend equivalents as and to the extent dividends are
declared in respect of PPG’s common stock.

For compensation deferred prior to January 1, 2005, each non-employee Director may elect to receive
payment of such Director’s account balance in one to fifteen annual installments after leaving the
Board of Directors. For compensation deferred on or after January 1, 2005, each Director’s account
balance will be paid out in a lump sum six months after such Director leaves the Board.
Distributions are made in the form of PPG Common Stock. In the event of a Director’s death,
payment will be made to such Director’s beneficiary.

	 
	 

	stock options

	 

Each non-employee Director receives an annual Stock Option Grant of 2,500 option shares. Grants
are made on the date of the February Officers-Directors Compensation Committee (ODCC) meeting, and
the exercise price is the closing price for that day. Each option grant is exercisable three years
after the date of the grant and has a 10-year term. Options granted prior to January 1, 2004, are
exercisable one year after the date of the grant and have a 10-year term.

	 
	 

	stock ownership

	 

PPG has established Stock Ownership Guidelines for all Directors effective January 1, 2005. All
Directors must own 5,000 shares of PPG stock. Directors can achieve this requirement by either
deferring a portion of their compensation to the Deferred Compensation Plan or by certifying
ownership of shares in personal brokerage accounts.

	 
	 

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	dividend reinvestment and Stock Purchase Plan

	 

The Investor Services Program provides all PPG Shareholders with a convenient way to reinvest
dividends and purchase additional shares of PPG common stock without having to pay brokerage
commissions or service charges. If a non-employee Director holds any shares of PPG common stock,
such Director is eligible to participate in the Plan at any time.

All shares that are purchased through this Plan are held by the Plan Administrator and earn
dividends. A statement of account is mailed to Plan participants after each dividend payment date,
and each participant is entitled to vote the shares held in the Plan on their behalf. Participants
may also withdraw shares held in the Plan.

	 
	 

	Insurance Coverage

	 

Each non-employee Director is provided with liability coverage for claims against such Directors
relating to their service as a PPG director, accidental death and dismemberment insurance coverage
and aircraft travel insurance coverage.

	 
	 

	Directors’ Charitable Award Plan

	 

Non-employee Directors who were elected prior to July 17, 2003, are eligible to participate in the
Directors’ Charitable Award Plan. Under the provisions of this Plan, PPG makes a charitable
contribution of $1,000,000 in the name of each non-employee Director at the time of their death.

	 
	 

	Matching Gifts

	 

The PPG Industries Foundation Matching Gift Program enhances personal charitable giving by PPG
non-employee Directors by matching contributions to eligible institutions. Contributions must be a
minimum of $25 up to a total of $10,000 per year. Eligible institutions include colleges or
universities, private secondary schools, cultural institutions, and organizations serving
exceptional children.

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