AWARD AGREEMENT pursuant to the OWENS CORNING OPTION AWARDTerm Incentive Program • February 12th, 2014 • Owens Corning • Abrasive, asbestos & misc nonmetallic mineral prods • Delaware
OWENS CORNING, a Delaware corporation (the “Company”), hereby grants to [Participant Name] (the “Holder”), as of [Grant Date] ( the “Grant Date”), pursuant to the provisions of the Owens Corning 2010 Stock Plan (the “Plan”), a non-qualified option to purchase from the Company (the “Option”) [Number of Shares Granted] shares of its Common Stock, $0.01 par value (“Stock”), with an exercise price equal to [Grant Price] per share of Stock, which shall expire on the tenth anniversary of the Grant Date, upon and subject to the terms and conditions set forth below (the “Award”). References to employment by the Company shall also mean employment by a Subsidiary. Capitalized terms not defined herein shall have the meanings specified in the Plan.
