EX-10 2 dex10.htm MATERIAL TERMS OF RETIREMENT ARRANGEMENT WITH WILLIAM H. HERNANDEZ Material terms of retirement arrangement with William H. Hernandez

Exhibit 10

Material Terms of Retirement Arrangement with William H. Hernandez

The retirement arrangement between PPG Industries, Inc. and William H. Hernandez, entered into as of May 20, 2009, was a verbal agreement. The material terms of the agreement are set forth below.

 

Effective date of retirement:

   March 1, 2010

Monthly base salary of $43,750 continues through:

   February 28, 2010

Eligible for annual incentive award payable for fiscal 2009:

   Payable in first quarter 2010

Lump sum cash payment of $650,000:

   Payable on or about March 15, 2010