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<CONFORMED-NAME>AXIALL CORP/DE/
<CIK>0000805264
<ASSIGNED-SIC>2821
<IRS-NUMBER>581563799
<STATE-OF-INCORPORATION>DE
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<BUSINESS-ADDRESS>
<STREET1>1000 ABERNATHY ROAD NE
<STREET2>SUITE 1200
<CITY>ATLANTA
<STATE>GA
<ZIP>30328
<PHONE>7703954500
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<FORMER-CONFORMED-NAME>AXIALL Corp /DE/
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<FORMER-CONFORMED-NAME>GEORGIA GULF CORP /DE/
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<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM&nbsp;8-K </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B></B>Date of Report (Date of earliest event reported):<B>&nbsp;&nbsp;March 7, 2016 </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>AXIALL CORPORATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">(Exact
name of registrant as specified in its charter) </P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1-09753</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>58-1563799</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(State or other jurisdiction of</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">incorporation)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(Commission File Number)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(IRS Employer Identification No.)</TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>1000 Abernathy Road, Suite&nbsp;1200, Atlanta, GA</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>30328</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center">(Address of principal executive offices)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">(Zip&nbsp;Code)</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Registrant&#146;s telephone number, including area code:&nbsp;&nbsp;<B>(770) 395 - 4500</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Former name or former address, if changed since last report.) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2 (b)) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4 (c)) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Equity Awards for 2016 and 2017 </I></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Leadership
Development and Compensation Committee (the &#147;Committee&#148;) of the Board of Directors (the &#147;Board&#148;) of Axiall Corporation (the &#147;Company&#148;) recently conducted an annual review of its executive officers&#146; existing
compensation. As a result of that review, pursuant to the Company&#146;s 2011 Equity and Performance Incentive Plan (the &#147;Plan&#148;), the Committee awarded to each of the executive officers named below 2016 equity grants of performance-based
restricted stock units (&#147;PRSUs&#148;) and time-based restricted stock units (&#147;RSUs&#148;), together with retention awards attributable to 2017. The Committee believes that these combined grants better align executive compensation and
long-term shareholder value creation, provide a strong incentive for successful execution of the Company&#146;s strategies and help ensure the retention of senior management during this important period for the Company. In addition, the Committee
reviewed the incentives in place for its executive officers in light of the Company&#146;s success in its continuing efforts to reduce costs, improve productivity and optimize its portfolio. Specifically, the Committee noted that since
July&nbsp;2015, the Company has captured more than $50 million of annualized savings and signed definitive agreements to sell two non-core building products businesses, and is in the process of selling its core building products business. As a
result of the determinations with respect to these awards, the Committee anticipates making no further grants of such equity awards in 2017 to the executive officers identified below. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accordingly, on March 7, 2016, the Committee approved for Timothy Mann, Jr., the Company&#146;s President and Chief Executive Officer, Gregory C. Thompson, the
Company&#146;s Chief Financial Officer, and William H. Doherty, the Company&#146;s Senior Vice President, Chemicals, and the independent members of the Board subsequently ratified with respect to Mr. Mann, the following awards: </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">94,292, 22,580 and 18,610 TSR-based PRSUs at target, respectively, to Messrs. Mann, Thompson and Doherty, for which the performance restriction over the three-year period is relative total shareholder return
(&#147;TSR&#148;) and which will vest on the third anniversary of the grant date, as long as the executive officer remains employed by the Company through that date and subject to the achievement of the performance goal; </TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">94,292, 22,580 and 18,610 TSR-based PRSUs at target, respectively, to Messrs. Mann, Thompson and Doherty, in lieu of 2017 equity awards, for which the performance restriction over the four-year period is relative TSR
and which will vest on the fourth anniversary of the grant date, as long as the executive officer remains employed by the Company through that date and subject to the achievement of the performance goal; </TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">94,292 and 18,610 adjusted EBITDA-based RSUs, respectively, to Messrs. Mann and Doherty, that will vest in three equal installments on each of the first, second and third anniversaries of the grant date, provided that
the Company achieves positive adjusted EBITDA for fiscal 2016 and the executive officer remains employed by the Company through each vesting date; </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">45,160 time-based RSUs to Mr. Thompson, one-half of which will vest in three equal installments on each of the first, second and third anniversaries of the grant date and the remaining one-half of which, in lieu of 2017
equity awards, will vest in four equal installments on each of the first, second, third and fourth anniversaries of the grant date, provided that he remains employed by the Company through each vesting date; and </TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">94,292 and 18,610 time-based RSUs, respectively, to Messrs. Mann and Doherty, in lieu of 2017 equity awards, that will vest in four equal installments on each of the first, second, third and fourth anniversaries of the
grant date; provided that the executive officer remains employed by the Company through each vesting date. </TD></TR></TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise described
above, the performance and vesting terms of the TSR-based PRSUs, EBITDA-based RSUs and time-based RSUs are generally consistent with prior grants made by the Company. The form of agreement for the TSR-based PRSUs, the form of agreement for adjusted
EBITDA-based RSUs and the form of agreement for time-based RSUs are attached hereto as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Change of Control Severance Plan </I></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March 8, 2016, the Board also adopted an amended and restated Axiall Corporation Amended and Restated Executive and Key Employee Change of Control Severance
Plan (the &#147;Change of Control Plan&#148;), which provides for certain benefits for designated participants in the event of a change of control. The Change of Control Plan is intended to ensure that executive officers are able, as a practical
matter, to evaluate any potential change of control transaction objectively and to encourage executive officers to remain employed by the Company in the event a change of control becomes a real possibility. The Change of Control Plan&#146;s benefits
are based on typical market practices at what the Board believes to be no more than median compensation levels when compared to our market references. All of the named executive officers of the Company (other than Simon Bates, the Company&#146;s
Executive Vice President, Building Products) will participate in the Change of Control Plan. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to update the Change of Control Plan, the Board
adopted the following modifications and amendments: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">revisions to the cutback provision regarding&nbsp;Section 280G of the Internal Revenue Code of 1986 to provide that it would only apply if the named executive officer were to be placed in a better after-tax position
being cutback than if no cutback applied and the participant were required to pay the excise tax; </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">revisions to the &#147;good reason&#148; definition to trigger upon (1) a material reduction in base salary or target bonus in the aggregate, (2) a relocation of more than 35 miles and (3) a material diminution in
duties, responsibilities, authorities or reporting relationships; </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">modifications to the definition of &#147;cause&#148; to streamline and modernize the definition such that it is based on more objective criteria, such as a material violation of the provision of the Change of Control
Plan, willful refusal to perform duties, conviction of a felony, willful misconduct or other conduct that is materially injurious to the Company; and </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">inclusion of a restrictive covenant that, in the event of a violation of the covenant, a participant would forfeit his right to severance and have to repay any severance previously paid to him. </TD></TR></TABLE>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as set forth above, the original terms and conditions of the Change of Control Plan have not been materially amended. The foregoing description of the
Change of Control Plan does not purport to be complete and is qualified in its entirety by the full text of that agreement, which is filed as Exhibit 10.4 and incorporated herein by reference. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Events. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March 8, 2016, the Company issued press releases announcing that William L. Mansfield had been elected Non-Executive Chairman of the Board, effective
immediately, and that the Board has declared a cash dividend of $0.16 per common share, payable on April 8, 2016 to shareholders of record as of March&nbsp;25, 2016. Copies of these press releases are filed as Exhibits 99.1 and 99.2 hereto,
respectively, and are incorporated herein by reference. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Information </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the 2016 Annual Meeting, Axiall will file a proxy statement and other documents regarding the 2016 Annual Meeting with the Securities and
Exchange Commission (&#147;SEC&#148;) and will mail the definitive proxy statement and a WHITE proxy card to each stockholder of record entitled to vote at the 2016 Annual Meeting. STOCKHOLDERS ARE ENCOURAGED TO READ THE PROXY STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. The final proxy statement will be mailed to stockholders. Investors and security holders will be able to obtain the
documents free of charge at the SEC&#146;s website, <U>www.sec.gov</U>, from Axiall at its website, <U>www.axiall.com</U>, or 1000 Abernathy Road NE, Suite 1200, Atlanta, GA 30328, Attention: General Counsel. </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in Solicitation </B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company and its
directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the 2016 Annual Meeting. Information concerning the Company&#146;s participants is set forth in the proxy statement, dated April 17,
2015, for its 2015 annual meeting of stockholders as filed with the SEC on Schedule 14A and the Company&#146;s Current Reports, dated July 6, 2015, July 28, 2015, September 25, 2015 and November 18, 2015, as filed with the SEC on Form 8-K.
Additional information regarding the interests of participants of the Company in the solicitation of proxies in respect of the 2016 Annual Meeting and other relevant materials will be filed with the SEC when they become available. </P>
<P STYLE="margin-top:0pt;margin-bottom:0pt;page-break-before:always"></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item
9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; margin-left:12%; margin-right:10%; text-indent:-5%; font-size:10pt; font-family:Times New Roman"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.80pt; font-size:10pt; font-family:Times New Roman"><U>Exhibit<BR></U>Number&nbsp;&nbsp;</P></TD>
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<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Description</P></TD></TR></TABLE>
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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of TSR-Based Performance Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of Adjusted EBITDA-Based Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of Time-Based Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Axiall Corporation Amended and Restated Executive and Key Employee Change of Control Severance Plan</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Press Release, dated March 8, 2016</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Press Release, dated March 8, 2016</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:6%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="41%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">AXIALL CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Daniel S. Fishbein</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">&nbsp;Daniel S. Fishbein</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">&nbsp;Vice President &amp; General Counsel</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;March 8, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EXHIBIT INDEX </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.80pt; font-size:10pt; font-family:Times New Roman"><U>Exhibit<BR></U>Number&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Description</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of TSR-Based Performance Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of Adjusted EBITDA-Based Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Form of Time-Based Restricted Stock Unit Agreement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Axiall Corporation Amended and Restated Executive and Key Employee Change of Control Severance Plan</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Press Release, dated March 8, 2016</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Press Release, dated March 8, 2016</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d156837dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF TSR-BASED PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">This Performance Restricted Stock Unit Agreement (the &#147;Agreement&#148;) is dated as of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, by and between Axiall Corporation, a Delaware corporation (together with any Subsidiaries, as applicable, the &#147;Company&#148;), and
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (&#147;Grantee&#148; or &#147;You&#148;). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">1.&nbsp;<B>Grant of PRSUs</B>.&nbsp;Subject to and upon the terms, conditions, and restrictions set forth in this Agreement and in the
Company&#146;s 2011 Equity and Performance Incentive Plan, as amended (the &#147;Plan&#148;), the Committee has granted to Grantee, as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the
&#147;Date of Grant&#148;), an award of a target number of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> performance-based Restricted Stock Units (otherwise referred to in this Agreement as
&#147;Performance Restricted Stock Units&#148; or &#147;PRSUs&#148;), payment of which depends on the Company&#146;s performance as set forth below. Each Performance Restricted Stock Unit shall represent the contingent right to receive one share of
Common Stock. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">2.<B>&nbsp;Restrictions on Transfer of PRSUs.</B>&nbsp;The PRSUs may not be transferred, sold, pledged, exchanged, assigned
or otherwise encumbered or disposed of by Grantee. Any purported transfer, encumbrance or other disposition of the PRSUs that is in violation of this Agreement shall be null and void, and the other party to any such purported transaction shall not
obtain any rights to or interest in the PRSUs. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">3.<B>&nbsp;Normal Vesting of PRSUs.</B>&nbsp;Except as otherwise provided herein,
Grantee&#146;s nonforfeitable right to receive shares of Common Stock upon payment of the PRSUs is contingent upon his or her remaining in the continuous employ of the Company until
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;Normal Vesting Date&#148;). As soon as practicable after the Normal Vesting Date, the Committee shall determine the number of PRSUs
that shall have become earned hereunder based on the achievement of the Management Objectives as set forth in the Statement of Management Objectives attached hereto as Exhibit A. For purposes of this Agreement, the term &#147;earned&#148; (or
similar terms) refers to the number of PRSUs that are earned under this Agreement based on the achievement of the Management Objectives as described in the immediately prior sentence, and the term &#147;vested&#148; (or similar terms) refers to the
number of PRSUs that become nonforfeitable and entitled to be earned and paid in shares of Common Stock under this Agreement. Subject to the terms of the Plan, before any PRSUs are paid, the Committee shall make a determination that the performance
conditions set forth under this Agreement have been satisfied. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">4.<B>&nbsp;Alternative Vesting of PRSUs.</B>&nbsp;Notwithstanding the
provisions of Section&nbsp;3, Grantee shall vest in some or all of the PRSUs under the following circumstances: </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;Death,
Disability, Retirement or Termination without Cause. If, prior to a Change in Control occurring, Grantee should die, become Permanently Disabled, Retire, or be terminated by the Company or a Subsidiary without Cause while Grantee is continuously
employed by the Company, then, to the extent the PRSUs have not previously been forfeited or vested, Grantee shall vest in a number of PRSUs equal to the product of (i)&nbsp;the number of PRSUs that Grantee would have earned and in which Grantee
would have vested in accordance with the terms and conditions of Section&nbsp;3 if Grantee had remained in the continuous employ of the Company from the Date of Grant until the end of the Performance Period multiplied by (ii)&nbsp;a fraction (in no
case greater than 1) the numerator of which is the number of whole weeks from the Date of Grant through such date on which the Grantee dies, becomes Permanently Disabled, Retires or is terminated without Cause and the denominator of which is
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;Change in Control. In the event a Change in Control occurs prior to the Normal
Vesting Date or such time when the PRSUs have been forfeited, the PRSUs covered by this Agreement shall become earned and vested as provided in the Statement of Management Objectives if, either (i)&nbsp;in connection with such Change in Control, the
entity that is the successor to the Company as a result of the Change in Control (the &#147;Successor&#148;) does not assume the obligations of the Company under this Agreement in the manner described in the Statement of Management Objectives or
(ii)&nbsp;prior to the Change in Control, Grantee has died, become Permanently Disabled or has Retired or the Company has terminated Grantee&#146;s employment without Cause. The number of PRSUs earned and vested in such case shall be as set forth in
the Statement of Management Objectives. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">Subject to the following sentence, if the Successor assumes the obligations of the Company under
this Agreement in the manner described in the Statement of Management Objectives, then no such acceleration shall apply. Notwithstanding the foregoing, if (x)&nbsp;the Successor assumes the obligations of the Company under this Agreement in the
manner described in the Statement of Management Objectives and (y)&nbsp;on or after the Change in Control the Company, the Successor or any subsidiary of either terminates Grantee&#146;s employment without Cause or Grantee terminates his or her
employment for Good Reason or Grantee dies, becomes Permanently Disabled or is or becomes eligible to Retire, then a number of PRSUs (or a number of units subject to a substitute award) that have not previously become earned and vested and have not
previously been forfeited shall become earned and vested as set forth in the Statement of Management Objectives. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">5.<B>&nbsp;Restrictive
Covenants</B>. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;<U>Confidential Information and Trade Secrets</U>. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; text-indent:15%; font-size:11pt; font-family:Times New Roman">(i)&nbsp;Grantee shall hold in a fiduciary capacity for the benefit of the Company all Confidential Information, including
but not limited to trade secrets (as &#147;trade secrets&#148; are defined by applicable Delaware law) pursuant to this Agreement and as otherwise required by law. During Grantee&#146;s employment with the Company and following the termination of
Grantee&#146;s employment for any reason, Grantee shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, use, communicate, or divulge Confidential Information to any other person or
entity, except that Grantee may disclose Confidential Information to other Company employees and professional advisors of the Company who have a true need to know about such Confidential Information in order to carry out their duties of service to
the Company; provided, however, that the non-use and non-disclosure restrictions described herein will only apply for so long as the particular information at issue remains Confidential Information. The protection afforded to Confidential
Information by this Agreement is not intended by the parties hereto to limit, and is intended to be in addition to, any protection provided to any such information under any applicable federal, state, or local law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; text-indent:15%; font-size:11pt; font-family:Times New Roman">(ii)&nbsp;All files, records, documents, drawings, specifications, data, computer programs, customer or vendor lists,
specific customer or vendor information, marketing techniques, business strategies, contract terms, pricing terms, discounts and management compensation of the Company whether prepared by Grantee or otherwise coming into Grantee&#146;s possession,
shall remain the exclusive property of the Company and Grantee shall not remove any such items from the premises of the Company, except in furtherance of Grantee&#146;s duties. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; text-indent:15%; font-size:11pt; font-family:Times New Roman">(iii)&nbsp;It is understood that while employed by the Company, Grantee will promptly disclose to the Company in writing, and
assign to the Company Grantee&#146;s interest in any invention, improvement, copyrightable material or discovery made or conceived by Grantee, either alone or jointly with others, which arises out of Grantee&#146;s employment (&#147;Grantee
Invention&#148;). At the Company&#146;s request and expense, Grantee will reasonably assist the Company during the period of Grantee&#146;s employment by the Company and thereafter in connection with any controversy or legal proceeding relating to a
Grantee Invention and in obtaining domestic and foreign patent or other protection covering a Grantee Invention. As a matter of record, Grantee hereby states that he or she has provided below a list of all unpatented inventions in which Grantee owns
all or partial interest. Grantee agrees not to assert any right against the Company with respect to any invention which is not patented or which is not listed. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; text-indent:15%; font-size:11pt; font-family:Times New Roman">(iv)&nbsp;As requested by the Company and at the Company&#146;s expense, from time to time and upon the termination of
Grantee&#146;s employment with the Company for any reason, Grantee will promptly deliver to the Company all copies and embodiments, in whatever form, of all Confidential Information in Grantee&#146;s possession or within his control (including, but
not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information) irrespective of
the location or form of such material. If requested by the Company, Grantee will provide the Company with written confirmation that all such materials have been delivered to the Company as provided herein. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;<U>Non-Solicitation</U>.&nbsp;During his employment with the Company and for a period
of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> year(s) following the termination of Grantee&#146;s employment for any reason, Grantee shall not, in any way, directly or indirectly, solicit, divert, or take away or attempt to solicit,
divert, or take away (i)&nbsp;any party who is a customer or prospective customer of the Company with which Grantee had Material Contact while employed with the Company, for the purpose of marketing, selling, or providing to any such party any
services or products offered by or competitive with the Company&#146;s Business other than general solicitations to the public and not directed specifically at a customer of the Company, or (ii)&nbsp;any employee of the Company to terminate such
employee&#146;s employment relationship with the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;<U>Non-Competition</U>.&nbsp;During Grantee&#146;s employment by the
Company and for a period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> year(s) following the termination of Grantee&#146;s employment, Grantee shall not render Services to any person or entity that engages in or owns, invests in,
operates, manages, or controls any venture or enterprise which engages or proposes to engage in the Business within the Restricted Territory. Notwithstanding the foregoing, nothing in this Agreement shall prevent Grantee from owning for passive
investment purposes not intended to circumvent this Agreement, less than five percent (5%)&nbsp;of the publicly traded voting securities of any company engaged in the Business (so long as Grantee has no power to manage, operate, advise, consult with
or control the competing enterprise and no power, alone or in conjunction with other affiliated parties, to select a director, manager, general partner, or similar governing official of the competing enterprise other than in connection with the
normal and customary voting powers afforded Grantee in connection with any permissible equity ownership). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(d)&nbsp;<U>Remedies: Specific
Performance</U>.&nbsp;The parties acknowledge and agree that Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this Section will result in irreparable and continuing damage to the Company for which there may be no
adequate remedy at law and that the Company shall be entitled to equitable relief, including specific performance and injunctive relief as remedies for any such breach or threatened or attempted breach. Grantee hereby consents to the grant of an
injunction (temporary or otherwise) against Grantee or the entry of any other court order against Grantee prohibiting and enjoining him from violating, or directing him to comply with any provision of this Section. Grantee also agrees that such
remedies shall be in addition to any and all remedies, including damages, available to the Company against him for such breaches or threatened or attempted breaches. In addition, without limiting the remedies of the Company for any breach of any
restriction on Grantee set forth in this Section, except as required by law, the Company and Grantee acknowledge and agree that in the event of Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this Section, Grantee
shall forfeit any right to Performance Restricted Stock Units to the extent then unpaid and the Company shall have the right to recoup from Grantee any previously paid Performance Restricted Stock Units. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(e)&nbsp;<U>Communication of Contents of Agreement</U>.&nbsp;During Grantee&#146;s employment and for one year thereafter, Grantee will
communicate his obligations under this Section to any person, firm, association, partnership, corporation or other entity which Grantee intends to be employed by, associated with, or represent. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(f)&nbsp;<U>Independent Covenants</U>.&nbsp;The existence of any claim, demand, action or cause of action of Grantee against the Company,
whether predicated upon this Agreement or otherwise, is not to constitute a defense to the Company&#146;s enforcement of any of the covenants or agreements contained in this Section. The Company&#146;s rights under this Agreement are in addition to,
and not in lieu of, all other rights the Company may have at law or in equity to protect its confidential information, trade secrets and other proprietary interests. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(g)&nbsp;<U>Extension</U>.&nbsp;If a court of competition jurisdiction finally determines that Grantee has violated any of Grantee&#146;s
obligations under this Section, then the period applicable to those obligations is to automatically be extended by a period of time equal in length to the period during which those violations occurred. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(h)&nbsp;<U>Fair and Reasonable</U>.&nbsp;Grantee acknowledges that the provisions in this Agreement, including, but not limited to, this
Section&nbsp;5, are fair and reasonable, that the enforcement of this Agreement will not cause Grantee undue hardship, and that this Agreement is necessary and commensurate with the Company&#146;s need to protect its legitimate business interests
from irreparable harm. If, at the time of enforcement of this Section&nbsp;5, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
existing, the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to enforce the
restrictions contained herein to cover the maximum period, scope and area permitted by law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman"><B>6.&nbsp;&nbsp;Definitions.</B>&nbsp;As
used in this Agreement, the following terms shall be defined as follows: </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Business</U>&#148;&nbsp;shall mean the production,
distribution, marketing, and/or sales of the following; provided, however, that, if the applicable termination of employment occurs within 24 months after a Change in Control, the definition shall apply only to the extent that the Company engages in
the production, marketing and/or sales of the following as of immediately prior to the Change in Control: (i)&nbsp;chlor-alkali and derivative products and chlorovinyls products that are manufactured, distributed and/or sold by the Company; and
(ii)&nbsp;polyvinyl chloride/vinyl-based building products that are manufactured, distributed and/or sold by the Company, including window and door profiles, pipe and pipe fittings, exterior siding and claddings, interior and exterior mouldings and
trim, and decking. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Cause</U>&#148;&nbsp;shall mean any of the following: (i)&nbsp;the Grantee&#146;s material violation of the
provisions of Section&nbsp;5 of this Agreement; (ii)&nbsp;the Grantee&#146;s willful refusal to substantially perform the Grantee&#146;s duties to the Company; (iii)&nbsp;the Grantee&#146;s conviction or plea of guilty or nolo contendere to a
felony; (iv)&nbsp;the Grantee&#146;s willful misconduct in the performance of the Grantee&#146;s duties to the Company; or (v)&nbsp;any other conduct or act by the Grantee that is materially and demonstrably injurious, detrimental or prejudicial to
the Company unless the Grantee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Confidential Information</U>&#148;&nbsp;shall mean &#147;trade secrets,&#148; as such term is defined by applicable Delaware law, and
knowledge or data relating to the Company, and its respective businesses that is not generally known to persons not employed by the Company, is not generally disclosed by the Company and is the subject of reasonable efforts to keep it confidential.
Confidential Information includes, but is not limited to, information regarding: (i)&nbsp;product or service cost or pricing; (ii)&nbsp;personnel allocation or organizational structure; (iii)&nbsp;the business operations or financial performance of
the Company; (iv)&nbsp;sales and marketing plans; (v)&nbsp;strategic initiatives (independent or collaborative); (vi)&nbsp;existing or proposed methods of operation; (vii)&nbsp;current and future development and expansion or contraction plans;
(viii)&nbsp;sale/acquisition plans; and (ix)&nbsp;non-public information concerning the legal or financial affairs of the Company. Confidential Information does not include information that has become generally available to the public by the act of
one who has the right to disclose such information without violating any right or privilege of the Company. This definition is not intended to limit any definition of confidential information or any equivalent term under applicable federal, state,
or local law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Good Reason</U>&#148;&nbsp;shall mean (i)&nbsp;the Company (a)&nbsp;materially reduces the Grantee&#146;s annual
base salary, (b)&nbsp;materially reduces the Grantee&#146;s target bonus, or (c)&nbsp;reduces the Grantee&#146;s employee benefits by a material amount except to the extent the Company has instituted a reduction in employee benefits applicable to
all senior executives of the Company, (ii)&nbsp;a material diminution in the Grantee&#146;s duties, responsibilities, authorities or reporting relationships, or (iii)&nbsp;any attempted relocation of the Grantee&#146;s place of employment to a
location more than 50 miles from the location of such employment on the date of such attempted relocation; provided, that the Grantee&#146;s termination shall only constitute a termination for Good Reason hereunder if (x)&nbsp;the Grantee provides
the Company with a notice of termination within 90 days after the initial existence of the facts or circumstances constituting Good Reason, (y)&nbsp;the Company has failed to cure such facts or circumstances within 30 days after receipt of the
notice of termination, and (z)&nbsp;the date of termination occurs no later than 120 days after the initial occurrence of the facts or circumstances constituting Good Reason. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Material Contact</U>&#148;&nbsp;shall mean contact between Grantee and any customer or prospective customer (i)&nbsp;with whom
Grantee dealt on behalf of the Company; (ii)&nbsp;whose dealings with the Company were coordinated or supervised by Grantee; (iii)&nbsp;about whom Grantee obtained confidential information in the ordinary course of business as a result of
Grantee&#146;s association with the Company; or (iv)&nbsp;who receives products authorized by the Company, the sale or provision of which results or resulted in compensation, commissions, or earnings for Grantee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Permanently Disabled</U>&#148;&nbsp;shall mean that Grantee has qualified for long-term disability benefits under a disability plan
or program of the Company or, in the absence of a disability plan or program of the Company, under a government-sponsored disability program and is &#147;disabled&#148; within the meaning of Section&nbsp;409A(a)(2)(C) of the Code. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Restricted Territory</U>&#148; shall mean the United States and Canada. Grantee
acknowledges and agrees that the Restricted Territory accurately describes the territory in which the Company manufactures, markets, and/or sells products. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Retires</U>&#148; shall mean the termination of employment of Grantee after Grantee has attained the age of 55 and at a time when
Grantee&#146;s age when added to the number of years of continuous employment of such Grantee by the Company equals or exceeds 70. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">&#147;<U>Services</U>&#148; mean services or activities that are the same as or similar to the type provided, conducted, or engaged in by the
Grantee within the two-year period prior to Grantee&#146;s termination or separation from the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">7.&nbsp;&nbsp;<B>Forfeiture of
PRSUs.&nbsp;</B>Except as provided in Section&nbsp;3 or Section&nbsp;4, or as the Committee may determine on a case-by-case basis, subject to the terms of the Plan, at such time as Grantee ceases to be continuously employed by the Company before the
Normal Vesting Date, any PRSUs that have not theretofore become vested hereunder shall be forfeited. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">8.&nbsp;&nbsp;<B>Payment of
PRSUs.</B>&nbsp;To the extent that the PRSUs (or a number of units subject to a substitute award) become vested and earned pursuant to Section&nbsp;3 or Section&nbsp;4 above, the shares of Common Stock underlying such PRSUs (or shares underlying
such substitute award units) shall be transferred to Grantee no later than 15 days after the date on which the PRSUs (or substitute award units) become vested and earned, and in all events within the short-term deferral period specified in Treas.
Reg. &#167; 1.409A-1(b)(4), except as otherwise provided in Section&nbsp;10. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">9.&nbsp;&nbsp;<B>Dividend Equivalents, Voting and Other
Rights.</B>&nbsp;Grantee shall have no rights of ownership in the shares of Common Stock underlying the PRSUs and shall have no right to vote such shares of Common Stock until the date on which the shares of Common Stock are transferred to Grantee
pursuant hereto. Dividend equivalents will be paid in cash on the shares of Common Stock underlying the PRSUs and shall be deferred (with no earnings accruing) until and paid contingent upon the earning of the related PRSUs and paid at the same time
the underlying shares are transferred to the Grantee. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">10.&nbsp;<B>Delivery of Shares of Common Stock.</B>&nbsp;The shares of Common Stock
underlying the PRSUs shall be released to Grantee by the Company&#146;s transfer agent at the direction of the Company. At such time as the PRSUs become payable as specified in this Agreement, the Company shall direct the transfer agent to forward
the applicable number of shares of Common Stock to Grantee except in the event that Grantee has notified the Company of his or her election to satisfy any tax obligations by surrender of a portion of such shares, the transfer agent will be directed
to forward the remaining balance of shares after the amount necessary for such taxes has been deducted. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">11.&nbsp;<B>Compliance with
Law.</B>&nbsp;The Company shall make reasonable efforts to comply with all applicable federal and state securities laws; <U>provided</U>, <U>however</U>, notwithstanding any other provision of this Agreement, the Company shall not be obligated to
issue any PRSUs or shares of Common Stock or other securities pursuant to this Agreement if the issuance thereof would, in the reasonable opinion of the Company, result in a violation of any such law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">12.&nbsp;<B>Relation to Other Benefits.</B>&nbsp;Any economic or other benefit to Grantee under this Agreement shall not be taken into account
in determining any benefits to which Grantee may be entitled. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">13.&nbsp;<B>Amendments.</B>&nbsp;Any amendment to the Plan shall be deemed
to be an amendment to this Agreement to the extent that the amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of Grantee under this Agreement without Grantee&#146;s consent. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">14.&nbsp;<B>Severability.</B>&nbsp;In the event that one or more of the provisions of this
Agreement shall be invalidated for any reason by a court of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and the remaining provisions hereof shall continue to be valid and
fully enforceable. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">15.&nbsp;<B>Withholding Taxes.</B>&nbsp;To the extent that the Company is required to withhold federal, state, local
or foreign taxes in connection with any payment made or benefit realized by Grantee under this Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the
realization of such benefit that Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such
benefit. If Grantee fails to make arrangements for the payment of tax, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when Grantee is required to pay the
Company an amount required to be withheld under applicable income and employment tax laws, Grantee may elect to satisfy the obligation, in whole or in part, by electing to have withheld, from the shares required to be delivered to Grantee, shares of
Common Stock having a value equal to the amount required to be withheld. The shares used for tax withholding will be valued at an amount equal to the Market Value per Share of such shares of Common Stock on the date the benefit is to be included in
Grantee&#146;s income. In no event will the market value of the shares of Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes
required to be withheld. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">16.&nbsp;<B>Relation to Plan.</B>&nbsp;This Agreement is subject to the terms and conditions of the Plan. In the
event of any inconsistent provisions between this Agreement and the Plan, the Plan shall govern. Capitalized terms used herein without definition shall have the meanings assigned to them in the Plan. The Committee, acting pursuant to the Plan shall,
except as expressly provided otherwise herein, have the right to determine any questions which arise in connection with this grant. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">17.&nbsp;<B>Successors and Assigns.</B>&nbsp;The provisions of this Agreement shall inure to the benefit of, and be binding upon, the
successors, administrators, heirs, legal representatives and assigns of Grantee, and the successors and assigns of the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">18.&nbsp;<B>Governing Law.</B>&nbsp;The interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the
State of Delaware, without giving effect to the principles of conflict of laws thereof. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">19.&nbsp;<B>Notices</B>.&nbsp;Any notice to the
Company provided for herein shall be in writing to the Company, marked Attention: Executive Vice President, General Counsel and Secretary, and any notice to Grantee shall be addressed to said Grantee at his or her address currently on file with the
Company. Except as otherwise provided herein, any written notice shall be deemed to be duly given if and when delivered personally or deposited in the United States mail, first class registered mail, postage and fees prepaid, and addressed as
aforesaid. Any party may change the address to which notices are to be given hereunder by written notice to the other party as herein specified (provided that for this purpose any mailed notice shall be deemed given on the third business day
following deposit of the same in the United States mail). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">20.&nbsp;<B>Compliance with Section&nbsp;409A of the Code</B>.&nbsp;To the
extent applicable, it is intended that this Agreement and the Plan comply with, or be exempt from, the provisions of Section&nbsp;409A of the Code, so that the income inclusion provisions of Section&nbsp;409A(a)(1) do not apply to Grantee. This
Agreement and the Plan shall be administered in a manner consistent with this intent. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">21.&nbsp;<B>Counterparts.</B>&nbsp;This Agreement
may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute the same instrument. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">22.&nbsp;<B>Data Protection</B>.&nbsp;By signing below, Grantee consents to the Company processing Grantee&#146;s personal data provided
herein (the &#147;Data&#148;) exclusively for the purpose of performing this Agreement, in particular in connection with the earning of PRSUs awarded herein. For this purpose the Data may also be disclosed to and processed by companies outside the
Company, <I>e.g</I>., banks involved. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its
duly authorized officer and Grantee has also executed this Agreement, as of the day and year first above written. </P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">AXIALL CORPORATION</TD></TR>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="top">Title:</TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT A </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Statement of Management Objectives </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">This Statement of Management Objectives applies to the Performance Restricted Stock Units granted to Grantee on the Date of Grant and applies
with respect to the Performance Restricted Stock Unit Agreement, dated as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, between the Company and Grantee (the
&#147;Agreement&#148;). Capitalized terms used herein that are not specifically defined in this Statement of Management Objectives have the meanings assigned to them in the Agreement or in the Plan, as applicable. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Definitions. For purposes hereof: </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Performance Period</I></B>&#148; means, except as otherwise
provided below, the four-year period commencing <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> and ending on
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Peer Group</I></B>&#148; means the companies set forth on Table
1 below; provided that: (i)&nbsp;any such company that is acquired during the Performance Period will be excluded from the Peer Group; and (ii)&nbsp;any such company that files for bankruptcy during the Performance Period will be treated from and
after the date of such filing as the lowest performer in the Peer Group. For purposes of this Statement of Management Objectives, (x)&nbsp;a company shall be treated as &#147;acquired&#148; if a Change in Control occurs with respect to such company
during the Performance Period and (y)&nbsp;a company shall be treated as &#147;filing for bankruptcy&#148; if such company during the Performance Period (1)&nbsp;is dissolved (other than pursuant to a consolidation, amalgamation or merger);
(2)&nbsp;becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3)&nbsp;makes a general assignment, arrangement or composition with or for the benefit of its
creditors; (4)&nbsp;institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors&#146; rights, or a petition
is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A)&nbsp;results in a judgment of insolvency or bankruptcy or the entry of an order
for relief or the making of an order for its winding-up or liquidation or (B)&nbsp;is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5)&nbsp;has a resolution passed for its
winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6)&nbsp;seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee,
custodian or other similar official for it or for all or substantially all its assets; (7)&nbsp;has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process
levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days thereafter; (8)&nbsp;causes
or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1)&nbsp;to (7)&nbsp;(inclusive); or (9)&nbsp;takes any action in furtherance of,
or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Relative Total Stockholder Return</I></B>&#148; or
&#147;<B><I>RTSR</I></B>&#148; means the Company&#146;s TSR as compared to the company in the Peer Group that achieves the median TSR for the Peer Group; provided, however, that if, due to changes in the composition of the Peer Group (e.g., due to a
company in the Peer Group being acquired, and thus, dropped from the Peer Group) there is an even number of companies in the Peer Group at the time of the determination of the RTSR, such that there can be
</P>

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no median company for the Peer Group, the comparison of the Company&#146;s TSR shall be to the average TSR achieved during the Performance Period by the two companies of the Peer Group whose TSR
performance ranks them in the middle of the entire Peer Group regarding TSR performance (the &#147;<B><I>Peer Group TSR</I></B>&#148;). </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B><I>Total Stockholder Return</I></B>&#148; or &#147;<B><I>TSR</I></B>&#148; means,
with respect to the Common Stock and the common stock of each of the members of the Peer Group, a rate of compound annual return reflecting stock price appreciation, plus the reinvestment of dividends in additional shares of stock on the ex-dividend
date, from the beginning of the Performance Period through the end of the Performance Period. For purposes of calculating Total Stockholder Return for each of the Company and each member of the Peer Group: (i)&nbsp;the beginning stock price will be
based on the volume-weighted average closing stock price for the 60 consecutive trading days immediately prior to the first day of the Performance Period on the principal stock exchange on which the stock is then traded and (ii)&nbsp;the ending
stock price will be based on the volume-weighted average closing stock price for the 60 consecutive trading days immediately preceding the last day of the Performance Period on the principal stock exchange on which the stock then trades; provided,
however, if the PRSUs shall become earned and vested in connection with a Change in Control pursuant to Section&nbsp;3 below, the end stock price of the Company&#146;s Common Stock will be based on the Market Value Per Share of the Company&#146;s
Common Stock as of the date immediately prior to the Change in Control (the &#147;<B><I>Measurement Date</I></B>&#148;). </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Performance Matrix. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">From 0% to 200% of the PRSUs will be earned based on RTSR, which shall be measured by the percentage point difference between
the Company&#146;s TSR and the Peer Group TSR, as set forth as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Company&#146;s TSR Relative to
the&nbsp;&nbsp;&nbsp;&nbsp;</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Peer Group TSR</B></P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt"><B>% of Target RSUs Earned*</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">+ 1000 bps</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">200%</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">+ 450 bps</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">150%</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">+/(-) 50 bps</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">100%</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">(-) 450 bps</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">50%</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">More than (-) 600 bps</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">0%</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">* The payout for levels of achievement between the percentages set forth on the table above will be determined
by straight line interpolation. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><B>Section&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Effect of Change in Control. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event a Change in Control occurs prior to the Normal Vesting Date or before such
time when the PRSUs have been forfeited, the PRSUs covered by this Agreement shall become earned and vested if, either (i)&nbsp;in connection with such Change in Control, the Successor does not assume the obligations of the Company under this
Agreement in the manner described in Section&nbsp;3(b) below or (ii)&nbsp;prior to the Change in Control, Grantee has died, become Permanently Disabled </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">
or has Retired or the Company terminates Grantee&#146;s employment without Cause. Except as modified by the sentence which follows, the number of PRSUs earned and vested in such case shall be
determined based on the performance matrix set forth in Section&nbsp;2, provided that the last day of the Performance Period shall be the Measurement Date (<I>i.e.</I>, the last day of the Performance Period in such case shall be the date
immediately prior to the Change in Control. In the case of Section&nbsp;3(a)(ii), the Grantee shall vest in a number of PRSUs equal to the product of (x)&nbsp;the number of PRSUs in which Grantee would have vested in accordance with the terms and
conditions of this Section&nbsp;3(a) if Grantee had remained in the continuous employ of the Company from the Date of Grant until the Measurement Date and the Successor does not assume the obligations of the Company under this Agreement in the
manner described in Section&nbsp;3(b) below multiplied by (y)&nbsp;a fraction (in no case greater than 1) the numerator of which is the number of whole weeks from the Date of Grant through such date on which the Grantee has died, becomes Permanently
Disabled, or has Retired, or is terminated without Cause and the denominator of which is <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Successor shall be deemed to have assumed the obligations of the Company under the
Agreement only where the Successor: (i)&nbsp;determines the number of shares of Company Common Stock that Grantee would be entitled to receive on the Change of Control if the PRSUs became earned and vested on the Measurement Date pursuant to
Section&nbsp;3(a) above; (ii)&nbsp;the Successor converts that number of shares of Company Common Stock into a number of restricted stock units for the Successor&#146;s stock that would have the same market value as the shares of Company Common
Stock at the Measurement Date (the &#147;Replacement RSUs&#148;); and (iii)&nbsp;all of those Replacement RSUs for the Successor&#146;s stock shall otherwise be subject to substantially the same terms and conditions after the Measurement Date as the
terms and conditions applicable to the PRSUs immediately prior to the Measurement Date; provided however, that from and after the Measurement Date, the vesting of such Replacement RSUs shall cease to be subject to satisfaction of performance goals.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:8%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the following sentence, if the Successor assumes the obligations of the
Company under the Agreement, then no such accelerated earning and vesting shall apply. Notwithstanding the foregoing, if (i)&nbsp;the Successor assumes the obligations of the Company under this Agreement in the manner described in this
Section&nbsp;3 and (ii)&nbsp;on or after the Change in Control, but prior to the Normal Vesting Date, the Company, the Successor or any subsidiary of either terminates Grantee&#146;s employment without Cause or Grantee terminates his or her
employment for Good Reason or Grantee dies, becomes Permanently Disabled or is or becomes eligible to Retire, then the Replacement RSUs shall become earned and vested. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>Table 1 </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Monsanto Co</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Sherwin-Williams</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Co.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Albemarle&nbsp;Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Minerals Technologies,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Inc.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Calgon&nbsp;Carbon Corp</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">E.I. du Pont de</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Nemours&nbsp;&amp; Co.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">CF Industries</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Holdings, Inc.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">RPM<BR>International,<BR> Inc.<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Olin Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">A. Schulman, Inc.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Dow Chemical</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Company</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Eastman Chemical</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:Times New Roman">Co</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">NewMarket<BR> Corp.<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Balchem Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Koppers Holdings, Inc.</TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Lyondell Basell Industries NV</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">The Chemours Company</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Scotts<BR> Miracle-<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:11pt; font-family:Times New Roman">Gro Co</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Stepan Co</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Tredegar Corp.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Praxair, Inc</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">FMC Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Innospec Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Intrepid Potash, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">American Vanguard
Corp.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Ecolab, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Airgas, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">PolyOne<BR>Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Flotek Industries, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Kraton Performance
Polymers, Inc.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">PPG Industries, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">International</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Flavors and Fragrances, Inc.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Cabot Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Quaker Chemical Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">LSB Industries, Inc.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Air Products &amp; Chemicals, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Ashland, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Sensient<BR>Technologies<BR> Corp.<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Innophos Holdings, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Mosaic Co.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">Valspar Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">H.B. Fuller Co.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">FutureFuel<BR>Corp.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Hawkins, Inc.</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Rayonier Advanced
Materials, Inc.</P> <P STYLE="font-size:26pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d156837dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF ADJUSTED EBITDA-BASED RESTRICTED STOCK UNIT AGREEMENT </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">This Restricted Stock Unit Agreement (the &#147;Agreement&#148;) is dated as of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> by and between AXIALL CORPORATION, a Delaware corporation (together with any Subsidiaries, as applicable, the &#147;Company&#148;), and
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (&#147;Grantee&#148; or &#147;You&#148;). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">1.&nbsp;<B>Grant of Restricted Stock Units.</B> Subject to and upon the terms, conditions, and restrictions set forth in this Agreement and in
the Company&#146;s 2011 Equity and Performance Incentive Plan, as amended (the &#147;Plan&#148;), the Committee has granted to Grantee, as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
(the &#147;Date of Grant&#148;), <B></B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> restricted stock units (otherwise referred to in this Agreement as &#147;Restricted Stock Units&#148;).
Each Restricted Stock Unit shall represent the contingent right to receive one share of Common Stock. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">2.&nbsp;<B>Restrictions on Transfer
of Restricted Stock Units.</B> The Restricted Stock Units may not be transferred, sold, pledged, exchanged, assigned or otherwise encumbered or disposed of by Grantee. Any purported transfer, encumbrance or other disposition of the Restricted Stock
Units that is in violation of this Agreement shall be null and void, and the other party to any such purported transaction shall not obtain any rights to or interest in the Restricted Stock Units. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">3.&nbsp;<B>Vesting of Restricted Stock Units. </B>The Restricted Stock Units specified in Section 1 of this Agreement shall vest as follows:
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;On
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, a number of Restricted Stock Units equal to
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> multiplied by the number of Restricted Stock Units specified in Section 1 of this Agreement shall
become nonforfeitable on a cumulative basis until 100% of the Restricted Stock Units specified in Section 1 of this Agreement have become nonforfeitable. Each such date shall be a settlement date under this Agreement. In addition to the other
conditions described above, your right to receive all or any portion of the Restricted Stock Units is contingent upon the Company achieving positive adjusted earnings before interest, taxes, depreciation and amortization for the
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;In the event a Change in Control occurs prior
to all of the Restricted Stock Units specified in Section 1 of this Agreement becoming nonforfeitable as provided in Section 3(a) above and while Grantee is an employee of the Company or any Subsidiary, the Restricted Stock Units covered by this
Agreement shall become nonforfeitable if, in connection with such Change in Control, the successor corporation does not assume the obligations of the Company under this Agreement or provide Grantee with a substitute award with rights equivalent to
the rights provided under this Agreement. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">Subject to the following sentence, if the obligations of the Company under this Agreement
remain unchanged or the successor corporation assumes the obligations of the Company under this Agreement or provides Grantee with a substitute award with rights equivalent to the rights provided under this Agreement, then no such acceleration shall
apply and the terms of this Agreement shall apply to the assumed or substitute award, except as may otherwise be provided in a written agreement between Grantee and the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">Notwithstanding the foregoing, if, following a Change in Control, (i) the obligations of the Company under this Agreement remain unchanged or
the successor corporation assumes the obligations of the Company under this Agreement or provides Grantee with a substitute award with rights equivalent to the rights provided under this Agreement and (ii) after the Change in Control, but prior to
all of the Restricted Stock Units specified in Section 1 of this Agreement becoming nonforfeitable, the Company or any successor corporation or any subsidiary of either terminates Grantee&#146;s employment without Cause or Grantee terminates his
employment for Good Reason, then the Restricted Stock Units covered by this Agreement or any substitute award shall become nonforfeitable upon such termination of employment. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">4.&nbsp;<B>Forfeiture of Restricted Stock Units.</B> Except as provided in Section 3 or as the Committee may determine on a case-by-case
basis, subject to the terms of the Plan, at such time as Grantee ceases to be continuously employed by the Company, any Restricted Stock Units that have not theretofore become nonforfeitable hereunder shall be forfeited. </P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">5.&nbsp;<B>Payment of Restricted Stock Units.</B> To the extent the Restricted Stock Units shall
become nonforfeitable pursuant to Section 3 above, shares of Common Stock underlying such Restricted Stock Units shall be transferred to Grantee no later than 15 days after the date on which the Restricted Stock Units become nonforfeitable, and in
all events within the short-term deferral period specified in Treas. Reg. &#167; 1.409A-1(b)(4), except as otherwise provided in Section&nbsp;7. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">6.&nbsp;<B>Dividend Equivalents, Voting and Other Rights.</B> Grantee shall have no rights of ownership in the shares of Common Stock
underlying the Restricted Stock Units and shall have no right to vote such shares of Common Stock until the date on which the shares of Common Stock are transferred to Grantee pursuant hereto. Dividend equivalents will be paid in cash on the shares
of Common Stock underlying the Restricted Stock Units and shall be deferred (with no earnings accruing) until and paid contingent upon the earning of the related Restricted Stock Units and paid at the same time the underlying shares are transferred
to Grantee. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">7.&nbsp;<B>Delivery of Shares of Common Stock.</B> The shares of Common Stock underlying the Restricted Stock Units shall be
released to Grantee by the Company&#146;s transfer agent at the direction of the Company. At such time as the Restricted Stock Units become payable as specified in this Agreement, the Company shall direct the transfer agent to forward all such
payable shares of Common Stock to Grantee except, in the event that Grantee has notified the Company of his election to satisfy any tax obligations by surrender of a portion of such shares, the transfer agent will be directed to forward the
remaining balance of shares after the amount necessary for such taxes has been deducted. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">8.&nbsp;<B>Restrictive Covenants.</B> </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;<U>Confidential Information and Trade Secrets</U>. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grantee shall hold in a fiduciary capacity for the benefit of the
Company all Confidential Information, including but not limited to trade secrets (as &#147;trade secrets&#148; are defined by applicable Delaware law) pursuant to this Agreement and as otherwise required by law. During Grantee&#146;s employment with
the Company and following the termination of Grantee&#146;s employment for any reason, Grantee shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, use, communicate, or divulge
Confidential Information to any other person or entity, except that Grantee may disclose Confidential Information to other Company employees and professional advisors of the Company who have a true need to know about such Confidential Information in
order to carry out their duties of service to the Company; provided, however, that the non-use and non-disclosure restrictions described herein will only apply for so long as the particular information at issue remains Confidential Information. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; font-size:11pt; font-family:Times New Roman">The protection afforded to Confidential Information by this Agreement is not intended by the parties hereto to limit, and is intended to be
in addition to, any protection provided to any such information under any applicable federal, state, or local law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(ii)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All files, records, documents, drawings, specifications, data, computer programs, customer or vendor lists, specific customer or vendor information, marketing techniques, business strategies, contract
terms, pricing terms, discounts and management compensation of the Company whether prepared by Grantee or otherwise coming into Grantee&#146;s possession, shall remain the exclusive property of the Company and Grantee shall not remove any such items
from the premises of the Company, except in furtherance of Grantee&#146;s duties. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is understood that while
employed by the Company, Grantee will promptly disclose to the Company in writing, and assign to the Company Grantee&#146;s interest in any invention, improvement, copyrightable material or discovery made or conceived by Grantee, either alone or
jointly with others, which arises out of Grantee&#146;s employment (&#147;Grantee Invention&#148;). At the Company&#146;s request and expense, Grantee will reasonably assist the Company during the period of Grantee&#146;s employment by the Company
and thereafter in connection with any controversy or legal proceeding relating to a Grantee Invention and in obtaining domestic and foreign patent or other protection covering a Grantee Invention. As a matter of record, Grantee hereby states that he
or she has provided below a list of all unpatented inventions in which Grantee owns all or partial interest. Grantee agrees not to assert any right against the Company with respect to any invention which is not patented or which is not listed. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As requested by the Company and at the Company&#146;s expense, from time to
time and upon the termination of Grantee&#146;s employment with the Company for any reason, Grantee will promptly deliver to the Company all copies and embodiments, in whatever form, of all Confidential Information in Grantee&#146;s possession or
within his control (including, but not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any
Confidential Information) irrespective of the location or form of such material. If requested by the Company, Grantee will provide the Company with written confirmation that all such materials have been delivered to the Company as provided herein.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;<U>Non-Solicitation</U>. During his employment with the Company and for a period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
year(s) following the termination of Grantee&#146;s employment for any reason, Grantee shall not, in any way, directly or indirectly, solicit, divert, or take away or attempt to solicit, divert, or take away (i) any party who is a customer or
prospective customer of the Company with which Grantee had Material Contact while employed with the Company, for the purpose of marketing, selling, or providing to any such party any services or products offered by or competitive with the
Company&#146;s Business other than general solicitations to the public and not directed specifically at a customer of the Company, or (ii) any employee of the Company to terminate such employee&#146;s employment relationship with the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;<U>Non-Competition</U>. During Grantee&#146;s employment by the Company and for a period of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> year(s) following the termination of Grantee&#146;s employment, Grantee shall not render Services to any person or entity that engages in or owns, invests in, operates, manages, or controls any venture or
enterprise which engages or proposes to engage in the Business within the Restricted Territory. Notwithstanding the foregoing, nothing in this Agreement shall prevent Grantee from owning for passive investment purposes not intended to circumvent
this Agreement, less than five percent (5%) of the publicly traded voting securities of any company engaged in the Business (so long as Grantee has no power to manage, operate, advise, consult with or control the competing enterprise and no power,
alone or in conjunction with other affiliated parties, to select a director, manager, general partner, or similar governing official of the competing enterprise other than in connection with the normal and customary voting powers afforded Grantee in
connection with any permissible equity ownership). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(d)&nbsp;<U>Remedies: Specific Performance</U>. The parties acknowledge and agree
that Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this Section will result in irreparable and continuing damage to the Company for which there may be no adequate remedy at law and that the Company shall be
entitled to equitable relief, including specific performance and injunctive relief as remedies for any such breach or threatened or attempted breach. Grantee hereby consents to the grant of an injunction (temporary or otherwise) against Grantee or
the entry of any other court order against Grantee prohibiting and enjoining him from violating, or directing him to comply with any provision of this Section. Grantee also agrees that such remedies shall be in addition to any and
</P>

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all remedies, including damages, available to the Company against him for such breaches or threatened or attempted breaches. In addition, without limiting the remedies of the Company for any
breach of any restriction on Grantee set forth in this Section, except as required by law, the Company and Grantee acknowledge and agree that in the event of Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this
Section, Grantee shall forfeit any right to Restricted Stock Units to the extent then unpaid and the Company shall have the right to recoup from Grantee any previously paid Restricted Stock Units. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(e)&nbsp;<U>Communication of Contents of Agreement</U>. During Grantee&#146;s employment and for one year thereafter, Grantee will
communicate his obligations under this Section to any person, firm, association, partnership, corporation or other entity which Grantee intends to be employed by, associated with, or represent. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(f)&nbsp;<U>Independent Covenants</U>. The existence of any claim, demand, action or cause of action of Grantee against the Company, whether
predicated upon this Agreement or otherwise, is not to constitute a defense to the Company&#146;s enforcement of any of the covenants or agreements contained in this Section. The Company&#146;s rights under this Agreement are in addition to, and not
in lieu of, all other rights the Company may have at law or in equity to protect its confidential information, trade secrets and other proprietary interests. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(g)&nbsp;<U>Extension</U>. If a court of competition jurisdiction finally determines that Grantee has violated any of Grantee&#146;s
obligations under this Section, then the period applicable to those obligations is to automatically be extended by a period of time equal in length to the period during which those violations occurred. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(h) <U>Fair and Reasonable</U>. Grantee acknowledges that the provisions in this Agreement, including, but not limited to, this Section 8,
are fair and reasonable, that the enforcement of this Agreement will not cause Grantee undue hardship, and that this Agreement is necessary and commensurate with the Company&#146;s need to protect its legitimate business interests from irreparable
harm. If, at the time of enforcement of this Section 8, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the maximum duration, scope or area reasonable under such
circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to enforce the restrictions contained herein to cover the maximum period, scope and area permitted by law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">9.&nbsp;<B>Definitions. </B>As used in this Agreement, the following terms shall be defined as follows: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;&#147;<U>Business</U>&#148; shall mean the production, distribution, marketing, and/or sales of the following; provided, however,
that, if the applicable termination of employment occurs within 24 months after a Change in Control, the definition shall apply only to the extent that the Company engages in the production, marketing and/or sales of the following as of immediately
prior to the Change in Control: (i) chlor-alkali and derivative products and chlorovinyls products that are manufactured, distributed and/or sold by the Company; and (ii) polyvinyl chloride/vinyl-based building products that are manufactured,
distributed and/or sold by the Company, including window and door profiles, pipe and pipe fittings, exterior siding and claddings, interior and exterior mouldings and trim, and decking. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;&#147;<U>Cause</U>&#148; shall mean any of the following: (i) the Grantee&#146;s material violation of the provisions of Section 8
of this Agreement; (ii) the Grantee&#146;s willful refusal to substantially perform the Grantee&#146;s duties to the Company; (iii) the Grantee&#146;s conviction or plea of guilty or nolo contendere to a felony; (iv) the Grantee&#146;s willful
misconduct in the performance of the Grantee&#146;s duties to the Company; or (v) any other conduct or act by the Grantee that is materially and demonstrably injurious, detrimental or prejudicial to the Company unless the Grantee acted in good faith
and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;&#147;<U>Confidential Information</U>&#148; shall mean &#147;trade secrets,&#148; as such term is defined by applicable Delaware
law, and knowledge or data relating to the Company and its respective businesses that is not generally known to persons not employed by the Company, is not generally disclosed by the Company and is the subject of reasonable efforts to keep it
confidential. Confidential Information includes, but is not limited to, information regarding: (i) product or service cost or pricing; (ii) personnel allocation or organizational structure; (iii) the
</P>

<p Style='page-break-before:always'>
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business operations or financial performance of the Company; (iv) sales and marketing plans; (v) strategic initiatives (independent or collaborative); (vi) existing or proposed methods of
operation; (vii) current and future development and expansion or contraction plans; (viii) sale/acquisition plans; and (ix) non-public information concerning the legal or financial affairs of the Company. Confidential Information does not include
information that has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the Company. This definition is not intended to limit any definition of
confidential information or any equivalent term under applicable federal, state, or local law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(d) &#147;<U>Good Reason</U>&#148; shall
mean (i) the Company (a) materially reduces the Grantee&#146;s annual base salary, (b) materially reduces the Grantee&#146;s target bonus, or (c) reduces the Grantee&#146;s employee benefits by a material amount except to the extent the Company has
instituted a reduction in employee benefits applicable to all senior executives of the Company, (ii) a material diminution in the Grantee&#146;s duties, responsibilities, authorities or reporting relationships, or (iii) any attempted relocation of
the Grantee&#146;s place of employment to a location more than 50 miles from the location of such employment on the date of such attempted relocation; provided, that the Grantee&#146;s termination shall only constitute a termination for Good Reason
hereunder if (x) the Grantee provides the Company with a notice of termination within 90 days after the initial existence of the facts or circumstances constituting Good Reason, (y) the Company has failed to cure such facts or circumstances within
30 days after receipt of the notice of termination, and (z) the date of termination occurs no later than 120 days after the initial occurrence of the facts or circumstances constituting Good Reason. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(e) &#147;<U>Material Contact</U>&#148; shall mean contact between Grantee and any customer or prospective customer (i) with whom Grantee
dealt on behalf of the Company; (ii) whose dealings with the Company were coordinated or supervised by Grantee; (iii) about whom Grantee obtained confidential information in the ordinary course of business as a result of Grantee&#146;s association
with the Company; or (iv) who receives products authorized by the Company, the sale or provision of which results or resulted in compensation, commissions, or earnings for Grantee. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(f) &#147;<U>Restricted Territory</U>&#148; shall mean the United States and Canada. Grantee acknowledges and agrees that the Restricted
Territory accurately describes the territory in which the Company manufactures, markets, and/or sells products. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(g)
&#147;<U>Services</U>&#148; mean services or activities that are the same as or similar to the type provided, conducted, or engaged in by the Grantee within the two-year period prior to Grantee&#146;s termination or separation from the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">10. <B>Compliance with Law.</B> The Company shall make reasonable efforts to comply with all applicable federal and state securities laws;
<U>provided</U>, <U>however</U>, notwithstanding any other provision of this Agreement, the Company shall not be obligated to issue any Restricted Stock Units or shares of Common Stock or other securities pursuant to this Agreement if the issuance
thereof would, in the reasonable opinion of the Company, result in a violation of any such law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">11. <B>Relation to Other Benefits.</B>
Any economic or other benefit to Grantee under this Agreement shall not be taken into account in determining any benefits to which Grantee may be entitled. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">12. <B>Amendments.</B> Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent that the amendment is
applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of Grantee under this Agreement without Grantee&#146;s consent. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">13. <B>Severability.</B> In the event that one or more of the provisions of this Agreement shall be invalidated for any reason by a court of
competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and the remaining provisions hereof shall continue to be valid and fully enforceable. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">14. <B>Withholding Taxes.</B> To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection with
any payment made or benefit realized by Grantee under this Agreement, and the </P>

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amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that Grantee make arrangements
satisfactory to the Company for payment of the balance of such taxes to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If Grantee fails to make arrangements for the
payment of tax, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when Grantee is required to pay the Company an amount required to be withheld under
applicable income and employment tax laws, Grantee may elect to satisfy the obligation, in whole or in part, by electing to have withheld, from the shares required to be delivered to Grantee, shares of Common Stock having a value equal to the amount
required to be withheld. The shares used for tax withholding will be valued at an amount equal to the Market Value per Share of such shares of Common Stock on the date the benefit is to be included in Grantee&#146;s income. In no event will the
market value of the shares of Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes required to be withheld. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">15.&nbsp;<B>Relation to Plan.</B> This Agreement is subject to the terms and conditions of the Plan. In the event of any inconsistent
provisions between this Agreement and the Plan, the Plan shall govern. Capitalized terms used herein without definition shall have the meanings assigned to them in the Plan. The Committee, acting pursuant to the Plan shall, except as expressly
provided otherwise herein, have the right to determine any questions which arise in connection with this grant. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">16.&nbsp;<B>Successors
and Assigns.</B> The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of Grantee, and the successors and assigns of the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">17.&nbsp;<B>Governing Law.</B> The interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State
of Delaware, without giving effect to the principles of conflict of laws thereof. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">18.&nbsp;<B>Consent to Jurisdiction.</B> Company and
Grantee each (a) hereby irrevocably submits to the exclusive jurisdiction of the federal and state courts located in Wilmington, Delaware for the purpose of any action, claim, cause of action or suit (in contract, tort, or otherwise), inquiry,
proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not to assert by way of motion, as a defense or otherwise,
in any such action, any claim that it is not subject personally to the jurisdiction of the above named courts, that any such proceeding brought in one of the above named courts is improper, or that this Agreement or the subject matter hereof or
thereof may not be enforced in or by such court and (c) hereby agrees not to commence or maintain any action, claim, cause of action, or suit (in contract, tort, or otherwise), inquiry, proceeding, or investigation arising out of or based upon this
Agreement or relating to the subject matter hereof or thereof other than before one of the above named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such action, claim, cause of
action, or suit (in contract, tort, or otherwise), inquiry, proceeding or investigation to any court other than one of the above named courts whether on the grounds of inconvenient forum or otherwise. Company and Grantee each hereby consents to
service of process in any such proceeding in any manner permitted by Delaware law, and agrees that service of process by registered or certified mail, return receipt requested, at the address of Grantee as reflected in the books and records of the
Company is reasonably calculated to give actual notice. The provisions of this Section shall not restrict the ability of the Company or Grantee to enforce in any court any judgment obtained in one of the courts specified in clause (a) of the first
sentence of this Section. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">19.&nbsp;<B>Notices.</B> Any notice to the Company provided for herein shall be in writing to the Company,
marked Attention: Executive Vice President, General Counsel and Secretary, and any notice to Grantee shall be addressed to said Grantee at his address currently on file with the Company. Except as otherwise provided herein, any written notice shall
be deemed to be duly given if and when delivered personally or deposited in the United States mail, first class registered mail, postage and fees prepaid, and addressed as aforesaid. Any party may change the address to which notices are to be given
hereunder by written notice to the other party as herein specified (provided that for this purpose any mailed notice shall be deemed given on the third business day following deposit of the same in the United States mail). </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">20. <B>Compliance with Section 409A of the Code.</B> To the extent applicable, it is intended
that this Agreement and the Plan comply with, or be exempt from, the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) do not apply to Grantee. This Agreement and the Plan shall be administered in
a manner consistent with this intent. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">21. <B>Counterparts.</B> This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute the same instrument. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">22. <B>Construction.</B> The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their
mutual intent, and no rule of strict construction shall be applied against any party. This Agreement will be construed as if drafted jointly by the Company and Grantee and no presumption or burden of proof will arise favoring or disfavoring the
Company or Grantee by virtue of the authorship of any provision in this Agreement. The word &#147;including&#148; in this Agreement means &#147;including without limitation.&#148; All words in this Agreement will be construed to be of such gender or
number as the circumstances require. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">23. <B>Data Protection. </B>By signing below, Grantee consents to the Company processing
Grantee&#146;s personal data provided herein (the &#147;Data&#148;) exclusively for the purpose of performing this Agreement, in particular in connection with the vesting of Restricted Stock Units awarded herein. For this purpose the Data may also
be disclosed to and processed by companies outside the Company, <I>e.g</I>., banks involved. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company has caused
this Agreement to be executed on its behalf by its duly authorized officer and Grantee has also executed this Agreement, as of the day and year first above written. </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">AXIALL CORPORATION</TD></TR>
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<TYPE>EX-10.3
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<FILENAME>d156837dex103.htm
<DESCRIPTION>EX-10.3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF TIME-BASED RESTRICTED STOCK UNIT AGREEMENT </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">This Restricted Stock Unit Agreement (the &#147;Agreement&#148;) is dated as of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> by and between AXIALL CORPORATION, a Delaware corporation (together with any Subsidiaries, as applicable, the &#147;Company&#148;), and
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (&#147;Grantee&#148; or &#147;You&#148;). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">1.&nbsp;<B>Grant of Restricted Stock Units.</B> Subject to and upon the terms, conditions, and restrictions set forth in this Agreement and in
the Company&#146;s 2011 Equity and Performance Incentive Plan, as amended (the &#147;Plan&#148;), the Committee has granted to Grantee, as of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (the &#147;Date of
Grant&#148;), <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> restricted stock units (otherwise referred to in this Agreement as &#147;Restricted Stock Units&#148;). Each Restricted Stock Unit shall represent the
contingent right to receive one share of Common Stock. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">2.&nbsp;<B>Restrictions on Transfer of Restricted Stock Units.</B> The Restricted
Stock Units may not be transferred, sold, pledged, exchanged, assigned or otherwise encumbered or disposed of by Grantee. Any purported transfer, encumbrance or other disposition of the Restricted Stock Units that is in violation of this Agreement
shall be null and void, and the other party to any such purported transaction shall not obtain any rights to or interest in the Restricted Stock Units. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">3.&nbsp;<B>Vesting of Restricted Stock Units. </B>The Restricted Stock Units specified in Section 1 of this Agreement shall vest as follows:
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;On
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> a number of Restricted Stock Units equal to
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> multiplied by the number of Restricted Stock Units specified in Section 1 of this Agreement shall
become nonforfeitable on a cumulative basis until 100% of the Restricted Stock Units specified in Section 1 of this Agreement have become nonforfeitable. Each such date shall be a settlement date under this Agreement. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;In the event a Change in Control occurs prior to all of the Restricted Stock Units specified in Section 1 of this Agreement becoming
nonforfeitable as provided in Section 3(a) above and while Grantee is an employee of the Company or any Subsidiary, the Restricted Stock Units covered by this Agreement shall become nonforfeitable if, in connection with such Change in Control, the
successor corporation does not assume the obligations of the Company under this Agreement or provide Grantee with a substitute award with rights equivalent to the rights provided under this Agreement. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">Subject to the following sentence, if the obligations of the Company under this Agreement remain unchanged or the successor corporation
assumes the obligations of the Company under this Agreement or provides Grantee with a substitute award with rights equivalent to the rights provided under this Agreement, then no such acceleration shall apply and the terms of this Agreement shall
apply to the assumed or substitute award, except as may otherwise be provided in a written agreement between Grantee and the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">Notwithstanding the foregoing, if, following a Change in Control, (i) the obligations of the Company under this Agreement remain unchanged or
the successor corporation assumes the obligations of the Company under this Agreement or provides Grantee with a substitute award with rights equivalent to the rights provided under this Agreement and (ii) after the Change in Control, but prior to
all of the Restricted Stock Units specified in Section 1 of this Agreement becoming nonforfeitable, the Company or any successor corporation or any subsidiary of either terminates Grantee&#146;s employment without Cause or Grantee terminates his
employment for Good Reason, then the Restricted Stock Units covered by this Agreement or any substitute award shall become nonforfeitable upon such termination of employment. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">4.&nbsp;<B>Forfeiture of Restricted Stock Units.</B> Except as provided in Section 3 or as the Committee may determine on a case-by-case
basis, subject to the terms of the Plan, at such time as Grantee ceases to be continuously employed by the Company, any Restricted Stock Units that have not theretofore become nonforfeitable hereunder shall be forfeited. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">5.&nbsp;<B>Payment of Restricted Stock Units.</B> To the extent the Restricted Stock Units shall
become nonforfeitable pursuant to Section 3 above, shares of Common Stock underlying such Restricted Stock Units shall be transferred to Grantee no later than 15 days after the date on which the Restricted Stock Units become nonforfeitable, and in
all events within the short-term deferral period specified in Treas. Reg. &#167; 1.409A-1(b)(4), except as otherwise provided in Section&nbsp;7. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">6.&nbsp;<B>Dividend Equivalents, Voting and Other Rights.</B> Grantee shall have no rights of ownership in the shares of Common Stock
underlying the Restricted Stock Units and shall have no right to vote such shares of Common Stock until the date on which the shares of Common Stock are transferred to Grantee pursuant hereto. Dividend equivalents will be paid in cash on the shares
of Common Stock underlying the Restricted Stock Units and shall be deferred (with no earnings accruing) until and paid contingent upon the earning of the related Restricted Stock Units and paid at the same time the underlying shares are transferred
to Grantee. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">7.&nbsp;<B>Delivery of Shares of Common Stock.</B> The shares of Common Stock underlying the Restricted Stock Units shall be
released to Grantee by the Company&#146;s transfer agent at the direction of the Company. At such time as the Restricted Stock Units become payable as specified in this Agreement, the Company shall direct the transfer agent to forward all such
payable shares of Common Stock to Grantee except, in the event that Grantee has notified the Company of his election to satisfy any tax obligations by surrender of a portion of such shares, the transfer agent will be directed to forward the
remaining balance of shares after the amount necessary for such taxes has been deducted. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">8.&nbsp;<B>Restrictive Covenants.</B> </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a) <U>Confidential Information and Trade Secrets</U>. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grantee shall hold in a fiduciary capacity for the benefit of the
Company all Confidential Information, including but not limited to trade secrets (as &#147;trade secrets&#148; are defined by applicable Delaware law) pursuant to this Agreement and as otherwise required by law. During Grantee&#146;s employment with
the Company and following the termination of Grantee&#146;s employment for any reason, Grantee shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, use, communicate, or divulge
Confidential Information to any other person or entity, except that Grantee may disclose Confidential Information to other Company employees and professional advisors of the Company who have a true need to know about such Confidential Information in
order to carry out their duties of service to the Company; provided, however, that the non-use and non-disclosure restrictions described herein will only apply for so long as the particular information at issue remains Confidential Information. The
protection afforded to Confidential Information by this Agreement is not intended by the parties hereto to limit, and is intended to be in addition to, any protection provided to any such information under any applicable federal, state, or local
law. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All files, records, documents, drawings, specifications,
data, computer programs, customer or vendor lists, specific customer or vendor information, marketing techniques, business strategies, contract terms, pricing terms, discounts and management compensation of the Company whether prepared by Grantee or
otherwise coming into Grantee&#146;s possession, shall remain the exclusive property of the Company and Grantee shall not remove any such items from the premises of the Company, except in furtherance of Grantee&#146;s duties. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is understood that while employed by the Company, Grantee will promptly
disclose to the Company in writing, and assign to the Company Grantee&#146;s interest in any invention, improvement, copyrightable material or discovery made or conceived </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:30%; font-size:11pt; font-family:Times New Roman">
by Grantee, either alone or jointly with others, which arises out of Grantee&#146;s employment (&#147;Grantee Invention&#148;). At the Company&#146;s request and expense, Grantee will reasonably
assist the Company during the period of Grantee&#146;s employment by the Company and thereafter in connection with any controversy or legal proceeding relating to a Grantee Invention and in obtaining domestic and foreign patent or other protection
covering a Grantee Invention. As a matter of record, Grantee hereby states that he or she has provided below a list of all unpatented inventions in which Grantee owns all or partial interest. Grantee agrees not to assert any right against the
Company with respect to any invention which is not patented or which is not listed. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:30%; text-indent:-7%; font-size:11pt; font-family:Times New Roman">(iv)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As requested by the Company and at the Company&#146;s expense, from time to time and upon the termination of Grantee&#146;s employment with the Company for any reason, Grantee will promptly deliver to the
Company all copies and embodiments, in whatever form, of all Confidential Information in Grantee&#146;s possession or within his control (including, but not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks,
documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information) irrespective of the location or form of such material. If requested by the Company, Grantee will
provide the Company with written confirmation that all such materials have been delivered to the Company as provided herein. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;<U>Non-Solicitation</U>. During his employment with the Company and for a period of
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> year(s) following the termination of Grantee&#146;s employment for any reason, Grantee shall not, in any way, directly or indirectly, solicit, divert, or take away or attempt to solicit,
divert, or take away (i) any party who is a customer or prospective customer of the Company with which Grantee had Material Contact while employed with the Company, for the purpose of marketing, selling, or providing to any such party any services
or products offered by or competitive with the Company&#146;s Business other than general solicitations to the public and not directed specifically at a customer of the Company, or (ii) any employee of the Company to terminate such employee&#146;s
employment relationship with the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;<U>Non-Competition</U>. During Grantee&#146;s employment by the Company and for a
period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> year(s) following the termination of Grantee&#146;s employment, Grantee shall not render Services to any person or entity that engages in or owns, invests in, operates, manages, or
controls any venture or enterprise which engages or proposes to engage in the Business within the Restricted Territory. Notwithstanding the foregoing, nothing in this Agreement shall prevent Grantee from owning for passive investment purposes not
intended to circumvent this Agreement, less than five percent (5%) of the publicly traded voting securities of any company engaged in the Business (so long as Grantee has no power to manage, operate, advise, consult with or control the competing
enterprise and no power, alone or in conjunction with other affiliated parties, to select a director, manager, general partner, or similar governing official of the competing enterprise other than in connection with the normal and customary voting
powers afforded Grantee in connection with any permissible equity ownership). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(d)&nbsp;<U>Remedies: Specific Performance</U>. The
parties acknowledge and agree that Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this Section will result in irreparable and continuing damage to the Company for which there may be no adequate remedy at law and
that the Company shall be entitled to equitable relief, including specific performance and injunctive relief as remedies for any such breach or threatened or attempted breach. Grantee hereby consents to the grant of an injunction (temporary or
otherwise) against Grantee or the entry of any other court order against Grantee prohibiting and enjoining him from violating, or directing him to comply with any provision of this Section. Grantee also agrees that such remedies shall be in addition
to any and all remedies, including damages, available to the Company against him for such breaches or threatened or attempted breaches. In addition, without limiting the remedies of the Company for any breach of any restriction on Grantee set forth
in this Section, except as required by law, the Company and Grantee acknowledge and agree that in the event of Grantee&#146;s breach or threatened breach of any of the restrictions set forth in this Section, Grantee shall forfeit any right to
Restricted Stock Units to the extent then unpaid and the Company shall have the right to recoup from Grantee any previously paid Restricted Stock Units. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(e)&nbsp;<U>Communication of Contents of Agreement</U>. During Grantee&#146;s employment and for
one year thereafter, Grantee will communicate his obligations under this Section to any person, firm, association, partnership, corporation or other entity which Grantee intends to be employed by, associated with, or represent. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(f)&nbsp;<U>Independent Covenants</U>. The existence of any claim, demand, action or cause of action of Grantee against the Company, whether
predicated upon this Agreement or otherwise, is not to constitute a defense to the Company&#146;s enforcement of any of the covenants or agreements contained in this Section. The Company&#146;s rights under this Agreement are in addition to, and not
in lieu of, all other rights the Company may have at law or in equity to protect its confidential information, trade secrets and other proprietary interests. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(g)&nbsp;<U>Extension</U>. If a court of competition jurisdiction finally determines that Grantee has violated any of Grantee&#146;s
obligations under this Section, then the period applicable to those obligations is to automatically be extended by a period of time equal in length to the period during which those violations occurred. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(h) <U>Fair and Reasonable</U>. Grantee acknowledges that the provisions in this Agreement, including, but not limited to, this Section 8,
are fair and reasonable, that the enforcement of this Agreement will not cause Grantee undue hardship, and that this Agreement is necessary and commensurate with the Company&#146;s need to protect its legitimate business interests from irreparable
harm. If, at the time of enforcement of this Section 8, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the maximum duration, scope or area reasonable under such
circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to enforce the restrictions contained herein to cover the maximum period, scope and area permitted by law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">9.&nbsp;<B>Definitions. </B>As used in this Agreement, the following terms shall be defined as follows: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(a)&nbsp;&#147;<U>Business</U>&#148; shall mean the production, distribution, marketing, and/or sales of the following; provided, however,
that, if the applicable termination of employment occurs within 24 months after a Change in Control, the definition shall apply only to the extent that the Company engages in the production, marketing and/or sales of the following as of immediately
prior to the Change in Control: (i) chlor-alkali and derivative products and chlorovinyls products that are manufactured, distributed and/or sold by the Company; and (ii) polyvinyl chloride/vinyl-based building products that are manufactured,
distributed and/or sold by the Company, including window and door profiles, pipe and pipe fittings, exterior siding and claddings, interior and exterior mouldings and trim, and decking. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(b)&nbsp;&#147;<U>Cause</U>&#148; shall mean any of the following: (i) the Grantee&#146;s material violation of the provisions of Section 8
of this Agreement; (ii) the Grantee&#146;s willful refusal to substantially perform the Grantee&#146;s duties to the Company; (iii) the Grantee&#146;s conviction or plea of guilty or nolo contendere to a felony; (iv) the Grantee&#146;s willful
misconduct in the performance of the Grantee&#146;s duties to the Company; or (v) any other conduct or act by the Grantee that is materially and demonstrably injurious, detrimental or prejudicial to the Company unless the Grantee acted in good faith
and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(c)&nbsp;&#147;<U>Confidential Information</U>&#148; shall mean &#147;trade secrets,&#148; as such term is defined by applicable Delaware
law, and knowledge or data relating to the Company, and its respective businesses that is not generally known to persons not employed by the Company, is not generally disclosed by the Company and is the subject of reasonable efforts to keep it
confidential. Confidential Information includes, but is not limited to, information regarding: (i) product or service cost or pricing; (ii) personnel allocation or organizational structure; (iii) the business operations or financial performance of
the Company; (iv) sales and marketing plans; (v) strategic initiatives (independent or collaborative); (vi) existing or proposed methods of operation; (vii) current and future development and expansion or contraction plans; (viii) sale/acquisition
plans; and (ix) non-public information concerning the legal or financial affairs of the Company. Confidential Information does not include information that </P>

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has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the Company. This definition is not
intended to limit any definition of confidential information or any equivalent term under applicable federal, state, or local law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(d)&nbsp;&#147;<U>Good Reason</U>&#148; shall mean (i) the Company (a) materially reduces the Grantee&#146;s annual base salary, (b)
materially reduces the Grantee&#146;s target bonus, or (c) reduces the Grantee&#146;s employee benefits by a material amount except to the extent the Company has instituted a reduction in employee benefits applicable to all senior executives of the
Company, (ii) a material diminution in the Grantee&#146;s duties, responsibilities, authorities or reporting relationships, or (iii) any attempted relocation of the Grantee&#146;s place of employment to a location more than 50 miles from the
location of such employment on the date of such attempted relocation; provided, that the Grantee&#146;s termination shall only constitute a termination for Good Reason hereunder if (x) the Grantee provides the Company with a notice of termination
within 90 days after the initial existence of the facts or circumstances constituting Good Reason, (y) the Company has failed to cure such facts or circumstances within 30 days after receipt of the notice of termination, and (z) the date of
termination occurs no later than 120 days after the initial occurrence of the facts or circumstances constituting Good Reason. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(e)&nbsp;&#147;<U>Material Contact</U>&#148; shall mean contact between Grantee and any customer or prospective customer (i) with whom
Grantee dealt on behalf of the Company; (ii) whose dealings with the Company were coordinated or supervised by Grantee; (iii) about whom Grantee obtained confidential information in the ordinary course of business as a result of Grantee&#146;s
association with the Company; or (iv) who receives products authorized by the Company, the sale or provision of which results or resulted in compensation, commissions, or earnings for Grantee. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(f)&nbsp;&#147;<U>Restricted Territory</U>&#148; shall mean the United States and Canada. Grantee acknowledges and agrees that the Restricted
Territory accurately describes the territory in which the Company manufactures, markets, and/or sells products. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:11pt; font-family:Times New Roman">(g)&nbsp;&#147;<U>Services</U>&#148; mean services or activities that are the same as or similar to the type provided, conducted, or engaged
in by the Grantee within the two-year period prior to Grantee&#146;s termination or separation from the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">10.&nbsp;<B>Compliance
with Law.</B> The Company shall make reasonable efforts to comply with all applicable federal and state securities laws; <U>provided</U>, <U>however</U>, notwithstanding any other provision of this Agreement, the Company shall not be obligated to
issue any Restricted Stock Units or shares of Common Stock or other securities pursuant to this Agreement if the issuance thereof would, in the reasonable opinion of the Company, result in a violation of any such law. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">11.&nbsp;<B>Relation to Other Benefits.</B> Any economic or other benefit to Grantee under this Agreement shall not be taken into account in
determining any benefits to which Grantee may be entitled. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">12.&nbsp;<B>Amendments.</B> Any amendment to the Plan shall be deemed to be an
amendment to this Agreement to the extent that the amendment is applicable hereto; <U>provided</U>, <U>however</U>, that no amendment shall adversely affect the rights of Grantee under this Agreement without Grantee&#146;s consent. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">13.&nbsp;<B>Severability.</B> In the event that one or more of the provisions of this Agreement shall be invalidated for any reason by a court
of competent jurisdiction, any provision so invalidated shall be deemed to be separable from the other provisions hereof, and the remaining provisions hereof shall continue to be valid and fully enforceable. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">14.&nbsp;<B>Withholding Taxes.</B> To the extent that the Company is required to withhold federal, state, local or foreign taxes in connection
with any payment made or benefit realized by Grantee under this Agreement, and the amounts available to the Company for such withholding are insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that
Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If Grantee fails to make
arrangements for the payment of tax, the </P>

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Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding the foregoing, when Grantee is required to pay the Company an amount
required to be withheld under applicable income and employment tax laws, Grantee may elect to satisfy the obligation, in whole or in part, by electing to have withheld, from the shares required to be delivered to Grantee, shares of Common Stock
having a value equal to the amount required to be withheld. The shares used for tax withholding will be valued at an amount equal to the Market Value per Share of such shares of Common Stock on the date the benefit is to be included in
Grantee&#146;s income. In no event will the market value of the shares of Common Stock to be withheld and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum amount of taxes
required to be withheld. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">15.&nbsp;<B>Relation to Plan.</B> This Agreement is subject to the terms and conditions of the Plan. In the
event of any inconsistent provisions between this Agreement and the Plan, the Plan shall govern. Capitalized terms used herein without definition shall have the meanings assigned to them in the Plan. The Committee, acting pursuant to the Plan shall,
except as expressly provided otherwise herein, have the right to determine any questions which arise in connection with this grant. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">16.&nbsp;<B>Successors and Assigns.</B> The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors,
administrators, heirs, legal representatives and assigns of Grantee, and the successors and assigns of the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">17.&nbsp;<B>Governing
Law.</B> The interpretation, performance, and enforcement of this Agreement shall be governed by the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">18.&nbsp;<B>Consent to Jurisdiction.</B> Company and Grantee each (a) hereby irrevocably submits to the exclusive jurisdiction of the federal
and state courts located in Wilmington, Delaware for the purpose of any action, claim, cause of action or suit (in contract, tort, or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the
subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not to assert by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the
above named courts, that any such proceeding brought in one of the above named courts is improper, or that this Agreement or the subject matter hereof or thereof may not be enforced in or by such court and (c) hereby agrees not to commence or
maintain any action, claim, cause of action, or suit (in contract, tort, or otherwise), inquiry, proceeding, or investigation arising out of or based upon this Agreement or relating to the subject matter hereof or thereof other than before one of
the above named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such action, claim, cause of action, or suit (in contract, tort, or otherwise), inquiry, proceeding or investigation
to any court other than one of the above named courts whether on the grounds of inconvenient forum or otherwise. Company and Grantee each hereby consents to service of process in any such proceeding in any manner permitted by Delaware law, and
agrees that service of process by registered or certified mail, return receipt requested, at the address of Grantee as reflected in the books and records of the Company is reasonably calculated to give actual notice. The provisions of this Section
shall not restrict the ability of the Company or Grantee to enforce in any court any judgment obtained in one of the courts specified in clause (a) of the first sentence of this Section. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">19.&nbsp;<B>Notices</B>. Any notice to the Company provided for herein shall be in writing to the Company, marked Attention: Executive Vice
President, General Counsel and Secretary, and any notice to Grantee shall be addressed to said Grantee at his address currently on file with the Company. Except as otherwise provided herein, any written notice shall be deemed to be duly given if and
when delivered personally or deposited in the United States mail, first class registered mail, postage and fees prepaid, and addressed as aforesaid. Any party may change the address to which notices are to be given hereunder by written notice to the
other party as herein specified (provided that for this purpose any mailed notice shall be deemed given on the third business day following deposit of the same in the United States mail). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">20.&nbsp;<B>Compliance with Section 409A of the Code</B>. To the extent applicable, it is intended that this Agreement and the Plan comply
with, or be exempt from, the provisions of Section 409A of the Code, so that the income inclusion provisions of Section 409A(a)(1) do not apply to Grantee. This Agreement and the Plan shall be administered in a manner consistent with this intent.
</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">21.&nbsp;<B>Counterparts.</B> This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute the same instrument. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">22.&nbsp;<B>Construction.</B> The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express
their mutual intent, and no rule of strict construction shall be applied against any party. This Agreement will be construed as if drafted jointly by the Company and Grantee and no presumption or burden of proof will arise favoring or disfavoring
the Company or Grantee by virtue of the authorship of any provision in this Agreement. The word &#147;including&#148; in this Agreement means &#147;including without limitation.&#148; All words in this Agreement will be construed to be of such
gender or number as the circumstances require. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">23.&nbsp;<B>Data Protection</B>. By signing below, Grantee consents to the Company
processing Grantee&#146;s personal data provided herein (the &#147;Data&#148;) exclusively for the purpose of performing this Agreement, in particular in connection with the vesting of Restricted Stock Units awarded herein. For this purpose the Data
may also be disclosed to and processed by companies outside the Company, <I>e.g</I>., banks involved. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:8%; font-size:11pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company has
caused this Agreement to be executed on its behalf by its duly authorized officer and Grantee has also executed this Agreement, as of the day and year first above written. </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">AXIALL CORPORATION</TD></TR>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>d156837dex104.htm
<DESCRIPTION>EX-10.4
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AXIALL CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED EXECUTIVE AND KEY EMPLOYEE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHANGE OF CONTROL SEVERANCE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Effective as of May&nbsp;15, 2007 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As amended and restated effective as of March 8, 2016 </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 1 of 25 </P>


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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Definitions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom" ALIGN="right">3</TD>
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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Participation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Eligibility for Benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Severance Benefits After a Change of Control</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tax Adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other Severance Benefits Under Other Programs or Under Law</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administration</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Miscellaneous</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Amendment or Termination of the Plan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Restrictive Covenants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt">16</P></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AXIALL CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED EXECUTIVE AND KEY EMPLOYEE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHANGE OF CONTROL SEVERANCE PLAN </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Effective as of May&nbsp;15, 2007 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As amended and restated effective as of March 8, 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Definitions </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Capitalized terms used in the Plan and not elsewhere defined herein shall have the meanings set forth in this Section: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Agreement</U>&#148; shall mean a separation agreement and general
release in the form attached hereto as Exhibit A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Base
Salary</U>&#148; shall mean the Participant&#146;s annual rate of base pay on his Termination Date, as reflected on the Employer&#146;s payroll records, and not including bonuses, overtime pay, compensatory time-off, commissions, incentive or
deferred compensation, employer contributions towards employee benefits, or any other additional compensation.&nbsp;For purposes of this Plan, a Participant&#146;s annual base pay or annual salary shall include any salary reduction contributions
made on his or her behalf to any plan of the Company or the Employer under Section&nbsp;125, 132(f)&nbsp;or 401(k)&nbsp;of the Code. Notwithstanding the foregoing, following a Change of Control, Base Salary under this Plan shall not be less than the
highest rate of Base Salary during the 90-day period preceding the Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Board</U>&#148; shall mean the Board of Directors of Axiall
Corporation, or such person or group of persons (including without limitation a Committee of such Board of Directors) to whom such Board of Directors delegates responsibilities under this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business Combination</U>&#148; means a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the assets of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cause</U>&#148; shall mean any of the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s material violation of the provisions of
Section 10 of this Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s willful
refusal to substantially perform the Participant&#146;s duties to the Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Participant&#146;s conviction or plea of guilty or nolo
contendere to a felony; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s willful
misconduct in the performance of the Participant&#146;s duties to the Company; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any other conduct or act by a Participant that is materially
and demonstrably injurious, detrimental or prejudicial to the Company unless the Participant acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Change of Control</U>&#148; shall mean the occurrence of any of the
following events: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition by any Person of
beneficial ownership (within the meaning of Rule&nbsp;13d-3 promulgated under the Exchange Act) of 33% or more of the Voting Power of the Company; provided, however, that for purposes of this subsection, the following acquisitions shall not
constitute a Change of Control:&nbsp;(A)&nbsp;any acquisition directly from the Company, (B)&nbsp;any acquisition by the Company or any </P>
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Subsidiary, (C)&nbsp;any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or (D)&nbsp;any acquisition by any Person pursuant
to a transaction which complies with clauses (i)&nbsp;and (ii)&nbsp;of subsection (c)&nbsp;of this Section&nbsp;1.6. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A change in a majority of the members of the Board
occurs:&nbsp;(i)&nbsp;within one year following the public announcement of an actual or threatened election contest (as described in Rule&nbsp;14a-12(c)&nbsp;promulgated under the Exchange Act) or the filing of a Schedule 13D or other public
announcement indicating that a Person intends to effect a change in control of the Company, (ii)&nbsp;as a result of the exercise of contractual rights, or (iii)&nbsp;as a result of a majority of the members of the Board having been proposed,
designated or nominated by a Person (other than the Company through the Board or a committee of the Board). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consummation of a Business Combination unless, following such
Business Combination, (i)&nbsp;no Person (excluding any entity resulting from such Business Combination or any employee benefit plan (or related trust) sponsored or maintained by the Company or such entity resulting from such Business Combination or
any Subsidiary of either of them) beneficially owns, directly or indirectly, 33% or more of the Voting Power of the entity resulting from such Business Combination, and (ii)&nbsp;at least half of the members of the board of directors of the
corporation resulting from such Business Combination were members of the Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such other
event as the Board may determine by express resolution to constitute a Change of Control for purposes of this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; shall mean the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Company</U>&#148; shall mean Axiall Corporation, a Delaware corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Eligible Employees</U>&#148; shall mean all Executive Officers and Key Employees
of Axiall Corporation.&nbsp;Notwithstanding the foregoing, an Eligible Employee shall not include any individual: (i)&nbsp;designated by the Company as an independent contractor and not as an employee at the time of any determination;
(ii)&nbsp;being paid by or through an employee leasing company or other third party agency; (iii)&nbsp;designated by the Company as a freelance worker and not as an employee at the time of any determination; (iv)&nbsp;classified by the Company as a
seasonal, occasional, limited duration, or temporary employee, during the period the individual is so paid or designated; (v)&nbsp;designated by the Company as a leased employee, during the period the individual is so paid or designated; or
(vi)&nbsp;who is covered by a collective bargaining agreement.&nbsp;Any such individual shall not be an Eligible Employee even if he or she is later retroactively reclassified as a common-law employee of the Company during all or any part of such
period pursuant to applicable law or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employer</U>&#148; shall mean the
Company and its Subsidiaries and affiliates that participate in the Plan with the approval of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA</U>&#148; shall mean the Employee Retirement Income Security Act of 1974, as amended.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exchange Act</U>&#148; shall mean the Securities Exchange Act of 1934, as amended, and
the rules and regulations thereunder, as such law, rules&nbsp;and regulations may be amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Executive Officer</U>&#148; shall mean each active, full-time executive officer of the
Company, as designated from time to time by the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Good Reason</U>&#148; shall mean:
(i)&nbsp;the Employer (a) materially reduces the Participant&#146;s base salary, (b) materially reduces the Participant&#146;s target bonus, or (c) reduces the Participant&#146;s employee benefits except to the
</P>
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extent the Company has instituted a reduction in employee benefits applicable to all senior executives of the Company,(ii) a material diminution in the Participant&#146;s duties,
responsibilities, authorities or reporting relationships, or (iii)&nbsp;any attempted relocation of the Participant&#146;s place of employment to a location more than 35 miles from the location of such employment on the date of such attempted
relocation, and such reduction, diminution or relocation is not cured by the Employer within 15&nbsp;days after the date the Participant delivers a notice of termination for Good Reason. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Involuntary Termination</U>&#148; shall mean the termination of a Participant&#146;s
employment by the Employer for any reason provided that the Participant has experienced a Separation from Service; <U>provided</U>, <U>however</U>, that an Involuntary Termination of a Participant&#146;s employment shall not occur if: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the termination of the Participant&#146;s employment is due to
(i)&nbsp;the transfer of the Participant to an affiliate or Subsidiary of the Company, (ii)&nbsp;the transfer of any operations of the Company or a Subsidiary, operation, section or division of the Company to an affiliate of the Company or an entity
unrelated to the Company (irrespective of whether assets of the Company or any such Subsidiary, operation, section or division are sold or transferred to such unrelated entity), or (iii)&nbsp;the purchase of the Company or a Subsidiary, operation,
section or division of the Company by a third party purchaser, and, in each case, the Participant is offered comparable employment by the purchaser, as determined by the Company in its sole discretion; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Participant&#146;s employment terminates on account of the
Participant&#146;s (i)&nbsp;death, (ii)&nbsp;disability, as defined under the Company&#146;s long-term disability plan or (iii)&nbsp;retirement under a retirement plan of the Company that is qualified under section 401(a)&nbsp;of the Code covering
such Participant, provided that, for the avoidance of doubt, a termination by the Company without Cause or by a Participant for Good Reason shall not fail to be an Involuntary Termination or a Voluntary Termination, as applicable, merely because the
Participant is retirement eligible as described in this clause (iii); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Participant&#146;s employment is terminated for Cause; or
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Participant resigns his employment with the Employer
without Good Reason or fails to continue reporting to work and performing satisfactorily his job duties through the Termination Date, unless the Employer agrees in writing to release him earlier; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Key Employee</U>&#148; shall mean each active, full-time employee designated in writing by
the Board. For purposes of the Plan, a full-time employee is an employee of the Company or an Employer who is regularly scheduled to work at least 32 hours per week. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.17&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Participant</U>&#148; shall mean an Eligible Employee who is designated for participation as
set forth in Section&nbsp;2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; shall mean any individual, entity or group
(within the meaning of Section&nbsp;13(d)(3)&nbsp;or 14(d)(2)&nbsp;of the Exchange Act). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Plan</U>&#148; shall mean this Axiall Corporation Amended and Restated Executive And Key
Employee Change of Control Severance Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Plan Administrator</U>&#148; shall mean the
person designated by the Board to be responsible for the day-to-day administration of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Plan Year</U>&#148; shall mean the calendar year; provided that the initial Plan Year of the
Plan shall begin on May&nbsp;15, 2007 and end on December&nbsp;31, 2007. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Separation from
Service</U>&#148; shall mean the condition that exists when an Eligible Employee who is a Participant in this Plan and the Employer reasonably anticipate that no further services will be performed after a certain date or that the level of bona fide
services that the Eligible Employee will perform after such date (whether </P>
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as an employee or an independent contractor) would permanently decrease to no more than 20% of the average level of bona fide services performed (whether as an employee or an independent
contractor) over the immediately preceding 36-month period (or the full period of services to the Employer if the Eligible Employee has been providing services to the Employer for less than 36 months).&nbsp;For purposes of this Section&nbsp;1.22,
for periods during which an Eligible Employee is on a paid bona fide leave of absence and has not otherwise experienced a Separation from Service, the Eligible Employee is treated as providing bona fide services at the level equal to the level of
services that the Eligible Employee would have been required to perform to receive the compensation paid with respect to such leave of absence.&nbsp;Periods during which an Eligible Employee is on an unpaid bona fide leave of absence and has not
otherwise experienced a Separation from Service are disregarded for purposes of this Section&nbsp;1.22 (including for purposes of determining the applicable 36-month (or shorter) period).&nbsp;For purposes of this Section&nbsp;1.22, the Employer
shall be considered to include all members of the Controlled Group; provided, however, that in applying Code section 414(b), the language &#147;at least 50 percent&#148; shall be used instead of &#147;at least 80 percent&#148;; and in applying Code
section 414(c), the phrase &#147;at least 50 percent&#148; shall be used instead of the phrase &#147;at least 80 percent.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Subsidiary</U>&#148; shall mean a corporation, company or other entity (i)&nbsp;more than 50
percent of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or (ii)&nbsp;which does not have outstanding shares or securities (as may be the case in a partnership,
joint venture, limited liability company, or unincorporated association), but more than 50 percent of whose ownership interest representing the right generally to make decisions for such other entity is, now or hereafter, owned or controlled,
directly or indirectly, by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Termination</U>&#148; shall mean either an
Involuntary Termination or a Voluntary Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Termination Date</U>&#148; shall
mean the effective date of the termination of the Participant&#146;s employment with the Employer as designated by the Employer in writing in the case of an Involuntary Termination and the date specified in the notice provided for in
Section&nbsp;3.3 in the case of Voluntary Termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Voluntary Termination</U>&#148;
shall mean the Participant&#146;s resignation from employment with the Employer for Good Reason within 24 months following a Change of Control <U>provided</U> that the resignation results in a Separation from Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">1.27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Voting Power</U>&#148; shall mean at any time, the combined voting power of the
then-outstanding securities entitled to vote generally in the election of Directors in the case of the Company, or members of the board of directors or similar body in the case of another entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Participation </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Eligible Employee shall become a Participant in this Plan only if he (i)&nbsp;is the Chief
Executive Officer of the Company, or (ii)&nbsp;is an Executive Officer or a Key Employee designated by the Board as a Participant in this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Eligibility for Benefits </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions for Eligibility</U>.&nbsp;Subject to the conditions and limitations of this
Section&nbsp;3 and the other provisions in the Plan, a Participant shall be entitled to the severance benefits described herein only upon satisfaction of <U>all</U> the following conditions (and all other applicable conditions contained herein):
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;he suffers a Termination, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 6 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;he executes an
Agreement without modification and in its entirety, and he does not timely revoke the Agreement, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;he returns to the Employer any property of the Company or the
Employer which has come into his possession, and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;he
remains actively at work through his Termination Date unless the Employer agrees in writing to release the Participant from employment earlier than the Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Exclusions</U>.&nbsp;&nbsp;Each Participant shall cease to be entitled to severance
benefits, upon the earliest to occur of the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;his
breach of the Agreement or the invalidity or unenforceability of such Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;his engaging in any conduct which is described in the
definition of &#147;Cause&#148; in Section&nbsp;1.5 of this Plan; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;his reemployment by the Company or an Employer; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;his breach of Section 10 of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice</U>.&nbsp;&nbsp;In the event that a Participant terminates his employment for
Good Reason, he shall provide to the Plan Administrator a written notice 30 days before his resignation date specifying the reason that the Employer&#146;s act or failure to act has, in the view of the Participant, given rise to his termination for
Good Reason. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Severance Benefits After a Change of Control </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefits</U>.&nbsp;&nbsp;If a Participant experiences a Termination within 24 months
following a Change of Control, and complies with all of the other terms and conditions of the Plan, he shall be eligible to receive: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;severance pay equal to the Participant&#146;s annual Base
Salary plus the current target bonus in effect immediately prior to the Change of Control multiplied by the factor set forth in the following table: </P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="73%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><B>&nbsp;Position&nbsp;of&nbsp;Participant</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Factor&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>


<TR STYLE="font-size:1px; ">
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE="border-top:1.50pt solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">2.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;Executive Officer, other than Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;Key Employee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a pro rata portion (as of the
Termination Date) of the current target bonus that the Participant would be eligible to earn for the fiscal year in which the Termination Date occurs calculated by assuming payment at 100% of the target amount and basing such pro rata portion upon a
fraction the numerator of which is the number of days in the bonus period that have elapsed from the beginning of the bonus period through the Termination Date and the denominator of which is the total number of days in the bonus period; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount of the Participant&#146;s accrued but unused
vacation pay under the Company&#146;s vacation policy as of the Termination Date; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 7 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;until the earlier
of (i)&nbsp;the day upon which the Participant begins new employment and is eligible for such welfare benefits, or (ii)&nbsp;(A)&nbsp;the second anniversary of the Termination Date if the Participant is the Chief Executive Officer; (B)&nbsp;the date
which is 18 months after the Termination Date if the Participant is an Executive Officer other than the Chief Executive Officer; or (C)&nbsp;the first anniversary of the Termination Date if the Participant is a Key Employee: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall continue to provide life insurance benefits that are substantially equivalent to those which were provided to the Participant and the Participant&#146;s family immediately prior to the Termination Date
(or if greater, immediately prior to the Change of Control) in accordance with the applicable plans, programs and policies of the Company; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall continue to maintain medical, dental and vision benefit plans and programs substantially equivalent to those in effect on the Termination Date and the Company shall make one or more cash payments to
the Participant in the amount of the COBRA premium that the Participant is required to pay for the coverage minus the amount of the employee contribution for such coverage that is generally required (<I>i.e.</I>, in the case of an active employee);
the first such cash payment shall be made on the first day of the seventh month after the month in which the Separation from Service occurs and shall cover the COBRA premium (minus the generally required employee contribution) for the first six
months of the Participant&#146;s continued health benefit plan coverage; subsequent cash payments shall be made during the month of January&nbsp;of each year in an amount equal to (A)&nbsp;the COBRA premium (minus the generally required employee
contribution) that the Participant will be required to pay for that calendar year<B> </B>minus (B)&nbsp;any amounts of COBRA premiums that may have been reimbursed previously by the Company with respect to the calendar year in question plus
(C)&nbsp;any amounts of COBRA premiums attributable to the prior calendar year that were not reimbursed in the first cash payment that was made on the first day of the seventh month after the month in which the Separation from Service occurred, or
otherwise reimbursed by the Company; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">the Company shall pay to the Participant an amount equal to the premium required to obtain an individual policy of disability insurance (if such individual insurance policy can be obtained in the private insurance
market) providing a benefit substantially equivalent to the benefit that applied to the Participant immediately prior to the Termination Date. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Timing of Severance Benefits</U>.&nbsp;&nbsp;The severance benefits described in
Sections 4.1(a)&nbsp;through 4.1(c)&nbsp;shall be paid in a lump sum but no more than 14 days following the effective date of the Participant&#146;s Agreement; <U>provided</U>, <U>however</U>, that if the Participant is a &#147;specified
employee,&#148; within the meaning of Section&nbsp;409A(a)(2)(B)(i)&nbsp;of the Code, then such lump sum payment shall be made on the first day of the seventh month after Termination.&nbsp;Severance benefits described in
Section&nbsp;4.1(d)(iii)&nbsp;shall commence to be paid no more than 14 days following the effective date of the Participant&#146;s Agreement; <U>provided</U>, <U>however</U>, that if the Participant is a &#147;specified employee,&#148; within the
meaning of Section&nbsp;409A(a)(2)(B)(i)&nbsp;of the Code, then the first reimbursement payment shall be delayed until the first day of the seventh month after the date in which the Termination occurs; <U>provided</U>, <U>however</U>, that in the
case of reimbursements to a Participant under Section&nbsp;4.1(d)(ii)&nbsp;and (iii)&nbsp;such reimbursements shall be made no later than the last day of the Participant&#146;s taxable year following the taxable year in which the Participant
incurred the expense that is being reimbursed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reemployment of
Participant</U>.&nbsp;&nbsp;If a Participant who is receiving severance benefits is reemployed by the Company or breaches the Agreement, payment of severance benefits shall immediately cease.&nbsp;In the event that severance benefits are paid in a
lump sum, upon rehire by the Company, the Participant shall be required to repay to the Company the portion of the total severance benefits that would not have been paid to him if he had been receiving his severance benefits in semi-monthly
installments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death of Participant</U>.&nbsp;&nbsp;If a Participant dies prior to
payment of all severance benefits to which he is entitled, any unpaid severance benefits shall be paid to the Participant&#146;s surviving spouse or, if no spouse survives, to the Participant&#146;s estate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 8 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Tax Adjustments </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>In General</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">Notwithstanding any provision of any other plan, program, arrangement or agreement to the contrary, including without limitation Section 12
of the Company&#146;s Executive Officer and Key Employee Severance Plan, except to the extent that Section 5.2 of the Plan applies to any Participant in accordance with its terms, in the event that it shall be determined that any payment or benefit
to be provided by the Company to the Participant pursuant to the terms of the Plan or any other payments or benefits received or to be received by the Participant (a &#147;Payment&#148;) in connection with or as a result of a Change of Control or
the Participant&#146;s termination of employment or any event which is deemed by the Internal Revenue Service or any other taxing authority to constitute a change in the ownership or effective control of the Company, or in the ownership of a
substantial portion of the assets of the Company (&#147;Change of Control Payments&#148;) shall be subject to the tax (the &#147;Excise Tax&#148;) imposed by Section&nbsp;4999 (or any successor section) of the Code, the Payments, whether under the
Plan or otherwise, shall be reduced so that the Payment, in the aggregate, is reduced to the greatest amount that could be paid to the Participant without giving rise to any Excise Tax (the &#147;Safe Harbor Amount&#148;); provided that in the event
that a Participant would be placed in a better after-tax position after receiving all Payments and not having any reduction of Payments as provided hereunder, the Participant shall, notwithstanding the provisions of any other plan, program,
arrangement or agreement to the contrary, including without limitation Section 12 of the Company&#146;s Executive Officer and Key Employee Severance Plan, receive all Payments and pay any applicable Excise Tax.&nbsp;All determinations under this
Section 5.1 of the Plan shall be made by a nationally recognized accounting firm selected by the Company no later than immediately prior to the Change of Control (the &#147;Accounting Firm&#148;). Without limiting the generality of the foregoing,
any determination by the Accounting Firm under this Section 5.1 of the Plan shall take into account the value of any reasonable compensation for services to be rendered by the Participant (or for holding oneself out as available to perform services
and refraining from performing services (such as under a covenant not to compete)). The reduction of the amounts payable hereunder shall be made first by reducing the payments under Section&nbsp;4.1(a). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive Officers</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, and in lieu of the potential
reduction described above, if the Participant is an Executive Officer and the Payment is at least 120% of the Safe Harbor Amount, the Company shall pay to such Participant an additional amount (the &#147;Gross-Up Payment&#148;) such that the net
amount retained by the Participant, after (i)&nbsp;payment of any Excise Tax on the Change of Control Payments and (ii)&nbsp;payment of any federal and state and local income tax and Excise Tax upon the Gross-Up Payment, shall be equal to the Change
of Control Payments;<I> provided, however</I>, no Gross-Up Payment shall be made under this Plan (A) to any person who was not a Participant in the Plan on May&nbsp;15, 2011 but who becomes a Participant in the Plan on or after May&nbsp;16, 2011, or
(B)&nbsp;to any person who was a Participant in the Plan on May&nbsp;15, 2011 (and was not an Executive Officer of the Company on May&nbsp;15, 2011) but who, on or after May&nbsp;16,&nbsp;2011, becomes an Executive Officer of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of subparagraph (f)&nbsp;below, all
determinations required to be made under this Section&nbsp;5, including whether an Excise Tax is payable by the Participant and the amount of that Excise Tax and whether a Gross-Up Payment is required to be paid by the Company to the Participant and
the amount of that Gross-Up Payment, if any, will be made by the Accounting Firm.&nbsp;For purposes of determining the amount of the Gross-Up Payment (if any), the Participant shall be deemed to pay federal income taxes at the highest marginal rate
of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the calendar year in which the Gross-Up Payment is to be made in the state or
locality of the Participant&#146;s residence on the Participant&#146;s Termination Date.&nbsp;The Accounting Firm shall submit its determination and detailed supporting calculations to both the Company and the Participant within 30 calendar days
after the Participant&#146;s receipt of the first Payment upon or following the Change in Control, and any other time or times as may be requested by the Company or the Participant.&nbsp;If the Accounting Firm determines that any Excise Tax is
payable by the Participant, the Company will pay the required Gross-Up Payment to the Participant within 5 business days after receipt of the determination and calculations with respect to any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 9 of 25 </P>


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Payment to the Participant; provided, however, that this and all other payments under this Section&nbsp;5 are subject to any requirement for a delay (by six months and one day) in said
payment(s)&nbsp;pursuant to Section&nbsp;409A of the Code.&nbsp;If the Accounting Firm determines that no Excise Tax is payable by the Participant, it will, at the same time as it makes that determination, furnish the Company and the Participant an
opinion that the Participant has substantial authority not to report any Excise Tax on his federal, state or local income or other tax return.&nbsp;As a result of the uncertainty in the application of Section&nbsp;4999 of the Code (or any successor
provision) and the possibility of similar uncertainty regarding applicable state or local tax law at the time of any determination by the Accounting Firm, it is possible that Gross-Up Payments which will not have been made by the Company should have
been made (an &#147;Underpayment&#148;), consistent with the calculations required to be made under this provision.&nbsp;If the Company exhausts or fails to pursue its remedies pursuant to subparagraph (f)&nbsp;and the Participant subsequently is
required to made a payment of any Excise Tax, the Participant will direct the Accounting Firm to determine the amount of the Underpayment that has occurred and to submit its determination and detailed supporting calculations to both the Company and
the Employee as promptly as possible.&nbsp;Any such Underpayment will be promptly paid by the Company to, or for the benefit of, the Participant within 5 business days after receipt of the determination and calculations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Participant will each provide the
Accounting Firm access to and copies of any books, records and documents in the possession of the Company or the Participant, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in
connection with the preparation and issuance of the determinations and calculations contemplated by subparagraph (b).&nbsp;Any determination by the Accounting Firm as to the amount of the Gross-Up Payment will be binding upon the Company and the
Participant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The federal, state and local income or other
tax returns filed by the Participant will be prepared and filed on a consistent basis with the determination of the Accounting Firm with respect to the Excise Tax payable by the Participant.&nbsp;The Participant will make proper payment of the
amount of any Excise Payment, and at the request of the Company, provide to the Company true and correct copies (with any amendments) of his federal income tax return as filed with the Internal Revenue Service and corresponding state and local tax
returns, if relevant, as filed with the applicable taxing authority, and those other documents reasonably requested by the Company, evidencing that payment.&nbsp;If prior to the filing of the Participant&#146;s federal income tax return, or
corresponding state or local tax return, if relevant, the Accounting firm determines that the amount of the Gross-Up Payment should be reduced, the Participant shall within 5 business days pay to the Company the amount of that reduction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The reasonable fees and expenses of the Accounting Firm for its
services in connection with the determinations and calculations contemplated by subparagraph (b)&nbsp;will be borne by the Company to the extent they are reasonable by industry standards.&nbsp;If those fees and expenses are initially paid by the
Participant, the Company will reimburse the Participant the full amount of those fees and expenses within 5 business days after receipt from the Participant of a statement for them and reasonable evidence of his payment of them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Participant will notify the Company in writing of any claim
by the Internal Revenue Service or any other taxing authority that, if successful, would require the payment by the Company of a Gross-Up Payment.&nbsp;That notification will be given as promptly as practicable but no later than 10 business days
after the Participant actually receives notice of that claim and the Participant will further apprise the Company of the nature of that claim and the date on which that claim is requested to be paid (in each case, to the extent known by the
Participant).&nbsp;The Participant will not pay that claim prior to the earlier of (i)&nbsp;the expiration of the 30-calendar-day period following the date on which he gives that notice to the Company and (ii)&nbsp;the date that any payment of an
amount with respect to that claim is due.&nbsp;If the Company notifies the Participant in writing prior to the expiration of that period that it desires to contest the claim, the Participant will: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">provide the Company with any written records or documents in his possession relating to that claim reasonably requested by the Company; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 10 of 25 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">take that action in connection with contesting the claim as the Company reasonably requests in writing from time to time, including without limitation accepting legal representation with respect to that claim by an
attorney or other tax professional competent in respect of the subject matter and reasonably selected by the Company; </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">cooperate with the Company in good faith in order effectively to contest that claim; and </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="20%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">permit the Company to participate in any proceedings related to that claim; </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">provided,
however, that the Company will bear and pay directly all costs and expenses (including interest and penalties) incurred in connection with that contest and will indemnify and hold harmless the Participant, on an after-tax basis, for and against any
Excise Tax or income tax, including interest and penalties with respect to the Excise Tax, imposed as a result of that representation and payment of costs and expenses.&nbsp;Without limiting the foregoing provisions of this subparagraph (f), the
Company will control all proceedings taken in connection with the contest of any claim contemplated by this subparagraph (f)&nbsp;and, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences
with the taxing authority in respect of that claim (provided, however, that the Participant may participate in them at his own cost and expense) and may, at its option, either direct the Participant to pay the tax claimed and sue for a refund or
contest the claim in any permissible manner, and the Participant will prosecute that contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company will
determine; provided, however, that if the Company directs the Participant to pay the tax claimed and sue for a refund, the Company will advance the amount of that payment to the Participant on an interest-free basis and will indemnify and hold
harmless the Participant, on an after-tax basis, from any Excise Tax or directly related income or other tax, including interest or penalties, imposed with respect to that advance; and provided further, however, that any extension of the statute of
limitations relating to payment of taxes for the taxable year of the Participant with respect to which the contested amount is claimed to be due is limited solely to that contested amount.&nbsp;Furthermore, the Company&#146;s control of any
contested claim will be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Participant will be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or
any other taxing authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Participant receives
any refund with respect to such contested claim filed at the Company&#146;s request under Section&nbsp;5.2(f), or otherwise receives any refund with respect to a Gross-Up Payment paid by the Company, the Participant shall (subject to the
Company&#146;s complying with the requirements of Section&nbsp;5.2(f)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after any taxes applicable thereto).&nbsp;If a determination is made
that the Participant shall not be entitled to any refund with respect to such claim and the Company does not notify the Participant in writing of its intent to contest such denial prior to the expiration of 30 calendar days after such determination,
then the amount paid to the Participant by the Company as provided in Section&nbsp;5.2(f)&nbsp;shall not be required to be repaid, and the amount of such payment shall be an offset to the amount of Gross-Up Payment required to be paid pursuant to
this Section&nbsp;5.2. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In all events Gross-Up Payments
will be paid by the Company to the Participant no later than the end of the Participant&#146;s taxable year next following the Participant&#146;s taxable year in which the Participant remits the taxes with respect to which the Company is making the
Gross-Up Payment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 6 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Other Severance Benefits Under Other Programs or Under Law </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants in the Plan who actually become entitled to benefits under this Plan shall not
be entitled to receive any other severance, or termination payments under any general severance or separation pay program, policy or practice of the Employer, or any notice payments (or notice in lieu of severance) from the
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 11 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Employer.&nbsp;In addition, the Participant&#146;s benefits under the Plan will be reduced by the amount of any severance or termination payments, or pay in lieu of notice, (i)&nbsp;which are
payable by the Company or the Employer to the Participant on account of his or her employment, or termination of employment, with the Company or the Employer, and (ii)&nbsp;which are required to be paid by the Company or the Employer to the
Participant under any Federal, State, provincial, local or other law (including any payment pursuant to the Worker Adjustment and Retraining Notification Act or any comparable State, local, or provincial law). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, a Participant&#146;s benefits under this Plan shall not be
reduced or otherwise affected or adjusted in any manner as a result of awards to the Participant under the Company&#146;s Incentive Equity Plan as it may be amended in the future or under any successor plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 7 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Administration </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan Interpretation and Benefit Determinations</U>.&nbsp;&nbsp;The Plan shall be
administered by the Plan Administrator.&nbsp;The Plan Administrator shall have the exclusive right, power, and authority, in its sole and absolute discretion, to administer, apply and interpret the Plan and any other documents (including without
limitation, by supplying omissions from, correcting deficiencies in, or resolving inconsistencies or ambiguities in, the language of the Plan) and to decide all factual and legal matters arising in connection with the operation or administration of
the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Without limiting the generality of the foregoing paragraph, the Plan Administrator shall have the discretionary authority and
power to: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take all actions and resolve all questions
(including factual questions) with respect to the eligibility for, and the amount of, benefits payable under the Plan to Employees or Participants or their beneficiaries; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;formulate, interpret and apply rules, regulations and policies
necessary to administer the Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;decide questions,
including legal or factual questions, relating to the calculation and payment of benefits, and all other determinations made, under the Plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;resolve and/or clarify any factual or other ambiguities,
inconsistencies and omissions arising under the Plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;process, and approve or deny, benefit claims and rule&nbsp;on
any benefit exclusions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing provisions of this Section 7.1, all decisions of the Plan Administrator as to the facts of any
case, and the application thereof to any case, as to the interpretation of any provision of the Plan or its application to any case, and as to any other interpretative matter or other determination or question under the Plan shall be subject to de
novo review by any court of competent jurisdiction or any other relevant authority, including any mediator requested under Section 7.4. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefit Claims</U>.&nbsp;&nbsp;The Company will normally advise a Participant of his
right to benefits under the Plan at the time that a Termination of the Participant&#146;s employment takes place.&nbsp;A Participant may also make a claim concerning his or her right to receive a benefit under the Plan (a &#147;Claim&#148;) by
filing that Claim with the Company&#146;s Director of Compensation and Benefits at the following address: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:20%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Axiall
Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">P.O.&nbsp;Box 105197 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Atlanta, GA 30348 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:20%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Attention:&nbsp;Director of Compensation and Benefits </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 12 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A Claim must be made by a Participant within 60 days following his Termination Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Appealing Benefit Claims</U>.&nbsp;&nbsp;The Participant will be informed of the
decision of the Plan Administrator with respect to a Claim within 90 days after it is filed.&nbsp;Under special circumstances, the Plan Administrator may require an additional period of not more than 90 days to review a Claim.&nbsp;If this occurs,
the Participant will be notified in writing as to the length of the extension, the reason for the extension, and any other information needed in order to process the Claim. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">A denial of a claim by the Plan Administrator, wholly or partially, shall be written in a manner calculated to be understood by the claimant
and shall include: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the specific reason or reasons for the
denial; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;specific reference to pertinent Plan provisions on
which the denial is based; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a description of any additional
material or information necessary for the claimant to perfect the Claim and an explanation of why such material or information is necessary; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an explanation of the claim review procedure. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">A claimant whose Claim is denied (or his duly authorized representative) may, within 60 days after receipt of denial of his Claim, request a
review of such denial by the Plan Administrator by filing with the Plan Administrator a written request for review of his Claim.&nbsp;If the claimant does not file a request for review with the Plan Administrator<B> </B>within such 60-day period,
the claimant shall be deemed to have acquiesced in the original decision of the Plan Administrator on his Claim.&nbsp;If a written request for review is so filed within such 60-day period, the Plan Administrator shall conduct a full and fair review
of such Claim.&nbsp;During such full review, the claimant shall be given the opportunity to review documents that are pertinent to his Claim and to submit issues and comments in writing.&nbsp;The Plan Administrator shall notify the claimant of its
decision on review within 60 days after receipt of a request for review; provided, however, that if special circumstances require an extension of time for processing the Claim, then the Plan Administrator shall provide written notice of the
extension to the Participant prior to the expiration of the initial 60-day period.&nbsp;In no event shall such extension exceed a period of 60 days from the end of the initial period.&nbsp;The extension notice shall set forth the special
circumstances requiring an extension of time and the date by which the Plan Administrator expects to reach a decision on review.&nbsp;Notice of the decision on review shall be in writing and will contain such information as is required by applicable
United States Department of Labor Regulations. If the decision on review is not furnished to the claimant within such 60-day period, the Claim shall be deemed to have been denied on review.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Binding Mediation</U>.&nbsp;&nbsp;In the event the Participant is not
satisfied with the decision on an appeal made pursuant to Section&nbsp;7.3, and the amount of the Claim equals or exceeds $5,000, notwithstanding anything in Section&nbsp;7.3 to the contrary, the Participant may request that the Claim be resolved
pursuant to non-binding mediation administered by the American Arbitration Association under the Mediation Rules&nbsp;specified in its National Rules&nbsp;for the Resolution of Employment Disputes.&nbsp;All fees and expenses of the mediator and all
other expenses of the mediation procedures, except for attorneys&#146; fees and witness expenses, shall be shared equally by the Participant and the Company.&nbsp;Each party shall bear its own witness expenses and attorneys&#146; fees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 8 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Miscellaneous </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Tax Withholding</U>.&nbsp;&nbsp;The Company shall have the authority to withhold
or to cause to be withheld applicable taxes from any payments made under or in accordance with the Plan to the extent required by law.&nbsp;In addition, the Company and the Employer shall have the right to delay or permanently withhold any benefit
under this Plan to the extent that the payment of such benefit would constitute a violation of Section&nbsp;409A of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Unfunded Plan</U>.&nbsp;&nbsp;The Plan is unfunded.&nbsp;Each Employer shall pay
the full cost of the benefits payable under the Plan to employees of such Employer out of its general assets. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 13 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Not a Contract of
Employment</U>.&nbsp;&nbsp;The Plan shall not be deemed to constitute a contract of employment, or to impose on the Company or any Employer any obligation to retain any Participant as an employee, to continue any Participant&#146;s current
employment status or to change any employment policies of the Company or the Employer; nor shall any provision hereof restrict the right of the Company or the Employer to discharge any of its employees or restrict the right of any such employee to
terminate his employment with the Company or the Employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice of
Law</U>.&nbsp;&nbsp;The Plan shall be construed and governed under the laws of the State of Delaware, except to the extent Federal law is applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect of Invalidity of Provision</U>.&nbsp;&nbsp;If any provision of the Plan is
held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision hereof, and such provision shall, to the extent possible, be modified in such manner as to be valid and enforceable but so as to most nearly
retain the intent of the Company.&nbsp;If such modification is not possible, the Plan shall be construed and enforced as if such provision had not been included in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effect of Individual Agreements</U>.&nbsp;&nbsp;The Plan does not affect the
severance provisions of any written individual employment contracts or individual separation agreements governing the terms of a Participant&#146;s separation from employment with the Company, <U>provided</U>, <U>however</U>, if such an agreement
provides for payments in respect of Base Salary, bonuses, vacation pay and benefits, no such payments shall be made under this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Records</U>.&nbsp;&nbsp;The records of the Company with respect to years of
service, employment history, Base Salary, absences, and all other relevant matters shall be conclusive for all purposes of this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors and Binding Effect</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company shall require any successor, (including without
limitation any persons acquiring directly or indirectly all or substantially all of the business and/or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise, and such successor shall thereafter be deemed the
Company for the purposes of the Plan), to assume and agree to perform the obligations under the Plan in the same manner and to the same extent the Company would be required to perform if no such succession had taken place.&nbsp;The Plan shall be
binding upon and inure to the benefit of the Company and any successor to the Company, but shall not otherwise be assignable, transferable or delegable by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The rights under the Plan shall inure to the benefit of and be
enforceable by each Participant&#146;s personal or legal representatives, executors, administrators, successors, heirs, distributees and/or legatees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The rights under the Plan are personal in nature and neither
the Company nor any Participant shall, without the consent of the other, assign, transfer or delegate the Plan or any rights or obligations hereunder except as expressly provided in this Section&nbsp;8.8.&nbsp;Without limiting the generality of the
foregoing, a Participant&#146;s right to receive payments hereunder shall not be assignable, transferable or delegable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by his or her will or by the laws of
descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section, the Company shall have no liability to pay any amount so attempted to be assigned, transferred or delegated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of the Company to make payments and/or provide
benefits hereunder shall represent an unsecured obligation of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes that each Participant will have no
adequate remedy at law for breach by the Company of any of the agreements contained herein and, in the event of any such breach, the Company hereby agrees and consents that each Participant shall be entitled to a decree of specific performance,
mandamus or other appropriate remedy to enforce performance of obligations of the Company under the Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 14 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments to Certain
Participants</U>.&nbsp;&nbsp;In making any distribution to or for the benefit of any incompetent Participant, or any other Participant who, in the opinion of the Plan Administrator, is incapable of properly using, expending, investing, or otherwise
disposing of such distribution, the Plan Administrator, in its sole and complete discretion may, but need not, make such distribution to a court appointed guardian or committee of any incompetent Participant, or to any adult with whom such person
temporarily or permanently resides; and any such guardian, committee, or other person shall have full authority and discretion to expend such distribution for the use and benefit of such person; and the receipt of such guardian or committee, or
other person shall be a complete discharge to the Plan Administrator and this Plan, without any responsibility on the part of the Plan Administrator to see to the application of amounts so distributed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Correction of Participants&#146; Benefits</U>.&nbsp;&nbsp;If an error or
omission is discovered in the amount distributed to a Participant, the Plan Administrator will make such equitable adjustments in the records of the Plan as may be necessary or appropriate to correct such error or omission as of the Plan Year in
which such error or omission is discovered; provided, however, that if the error is discovered within the last 60 days of a Plan Year, then the corrective action may be completed in the following Plan Year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liability Limited</U>.&nbsp;&nbsp;To the extent permitted by applicable
law, neither the Board, nor any member thereof, nor the Employer shall be liable for any acts of omission or commission in administering the Plan, except for his or its own individual, willful misconduct.&nbsp;The Employer, Plan Administrator and
each member of the Board shall be entitled to rely conclusively on all valuations, certificates, opinions and reports which shall be furnished by an accountant, insurance company, counsel or other expert who shall be employed or engaged by the Board
or the Employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal References</U>.&nbsp;&nbsp;Any reference in
this Plan to a provision of law which is, subsequent to the effective date of this Plan, revised, modified, finalized or redesignated, shall automatically be deemed a reference to such revised, modified, finalized or redesignated provision of law.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Electronic Means of Communication</U>.&nbsp;&nbsp;Whenever, under this
Plan, a Participant is required or permitted to provide a notice, request a distribution, or otherwise communicate with the Employer, the Plan Administrator, or a delegate of either of them, to the extent permitted by applicable law, the notice,
distribution request or other communication may be transmitted by means of telephonic or other electronic communication, if the administrative procedures under the Plan provide for such means of communication. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Gender and Number</U>.&nbsp;&nbsp;As used herein, the masculine pronoun
shall include the feminine, and the singular shall include the plural, unless a contrary meaning is clearly intended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Captions</U>.&nbsp;&nbsp;The captions in the Plan are for convenience of
reference only and do not define, limit or describe the scope or intent of the Plan or any part hereof and shall not be considered in any construction hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">8.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section</U><U>&nbsp;</U><U>409A</U>.&nbsp;&nbsp;To the extent applicable,
this Plan is intended to comply with the provisions of Section&nbsp;409A of the Code.&nbsp;This Plan shall be administered in a manner consistent with this intent and any provision that would cause this Plan to fail to satisfy Section&nbsp;409A of
the Code shall have no force and effect until amended to comply with Section&nbsp;409A of the Code (which amendment may be retroactive to the extent permitted by Section&nbsp;409A of the Code and may be made by the Company without the consent of
Participants).&nbsp;If any provision of this Plan is susceptible of two interpretations, one of which results in the compliance of the Plan with Section&nbsp;409A of the Code and the applicable Treasury Regulations, and one of which does not, then
the provision shall be given the interpretation that results in compliance with Section&nbsp;409A and the applicable Treasury Regulations.&nbsp;Notwithstanding anything to the contrary in this Plan, if any portion of the amounts payable under
Section&nbsp;4 constitute a &#147;deferral of compensation,&#148; that portion of the amounts payable under Section&nbsp;4 will be paid on the latest of (i)&nbsp;the date specified in this Plan, (ii)&nbsp;the date of the Participant&#146;s
Separation from Service, or (iii)&nbsp;if the Participant is a &#147;specified employee,&#148; the first day of the seventh month after the Participant&#146;s Separation from Service (the &#147;Payment Period&#148;).&nbsp;&#147;Deferral of
compensation&#148; and &#147;specified employee&#148; have the meanings ascribed to such phrases in Section&nbsp;409A of the Code. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 15 of 25 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 9 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Amendment or Termination of the Plan </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">The Plan may be amended or terminated, in whole or in part, at any time, with or without prior notice, by action of the
Board.&nbsp;Notwithstanding the foregoing, any amendment to the Plan, in whole or in part (including an amendment to terminate the Plan or to cause an Eligible Employee who was a Participant immediately prior to a proposed action to cease to be a
Participant), that is adverse to the interests of any Participant (except for an amendment adopted to comply with applicable law, including Section&nbsp;409A of the Code) will not be effective until the date which is two years following the date of
such amendment, and any such amendment which is adopted within six months prior to a Change of Control will be void upon such Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 10 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Restrictive Covenants </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential Information and Trade Secrets</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Participant shall hold in a fiduciary capacity for the
benefit of the Company all Confidential Information, including but not limited to trade secrets (as &#147;trade secrets&#148; are defined by applicable Delaware law) pursuant to the Plan and as otherwise required by law. During the
Participant&#146;s employment with the Company and following the termination of the Participant&#146;s employment for any reason, the Participant shall not, without the prior written consent of the Company or as may otherwise be required by law or
legal process, use, communicate, or divulge Confidential information to any other person or entity, except that the Participant may disclose Confidential Information to other Company employees and professional advisors of the Company who have a true
need to know about such Confidential Information in order to carry out their duties of service to the Company; provided, however, that the non-use and non-disclosure restrictions described herein will only apply for so long as the particular
information at issue remains Confidential Information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">The protection afforded to Confidential Information by the Plan is not intended by
the parties hereto to limit, and is intended to be in addition to, any protection provided to any such information under any applicable federal, state, or local law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All files, records, documents, drawings, specifications, data,
computer programs, customer or vendor lists, specific customer or vendor information, marketing techniques, business strategies, contract terms, pricing terms, discounts and management compensation of the Company whether prepared by the Participant
or otherwise coming into the Participant&#146;s possession, shall remain the exclusive property of the Company and the Participant shall not remove any such items from the premises of the Company, except in furtherance of the Participant&#146;s
duties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is understood that while employed by the
Company, the Participant will promptly disclose to the Company in writing, and assign to the Company the Participant&#146;s interest in any invention, improvement, copyrightable material or discovery made or conceived by the Participant, either
alone or jointly with others, which arises out of the Participant&#146;s employment (&#147;Participant Invention&#148;). At the Company&#146;s request and expense, the Participant will reasonably assist the Company during the period of the
Participant&#146;s employment by the Company and thereafter in connection with any controversy or legal proceeding relating to a Participant Invention and in obtaining domestic and foreign patent or other protection covering a Participant Invention.
As a matter of record, the Participant hereby states that he or she has provided below a list of all unpatented inventions in which the Participant owns all or partial interest. The Participant agrees not to assert any right against the Company with
respect to any invention which is not patented or which is not listed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; text-indent:6%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As requested by the Company and at the Company&#146;s expense,
from time to time and upon the termination of the Participant&#146;s employment with the Company for any reason, the Participant will promptly deliver to the Company all copies and embodiments, in whatever form, of all Confidential
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 16 of 25 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">
Information in the Participant&#146;s possession or within his control (including, but not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks, documentation, program
listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information) irrespective of the location or form of such material. If requested by the Company, the Participant will provide the
Company with written confirmation that all such materials have been delivered to the Company as provided herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Solicitation</U>.&nbsp;&nbsp;During his employment with the Company and for the
Restricted Period, the Participant shall not, in any way, directly or indirectly, solicit, divert, or take away or attempt to solicit, divert, or take away (a) any party who is a customer or prospective customer of the Company with which the
Participant had Material Contact while employed with the Company, for the purpose of marketing, selling, or providing to any such party any services or products offered by or competitive with the Company&#146;s Business other than general
solicitations to the public and not directed specifically at a customer of the Company, or (b) any employee of the Company to terminate such employee&#146;s employment relationship with the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition</U>.&nbsp;&nbsp;During a Participant&#146;s employment by the Company and for
the Restricted Period, the Participant shall not render Services to any person or entity that engages in or owns, invests in, operates, manages, or controls any venture or enterprise which engages or proposes to engage in the Business within the
Restricted Territory. Notwithstanding the foregoing, nothing in this Plan shall prevent the Participant from owning for passive investment purposes not intended to circumvent this Plan, less than five percent (5%) of the publicly traded voting
securities of any company engaged in the Business (so long as the Participant has no power to manage, operate, advise, consult with or control the competing enterprise and no power, alone or in conjunction with other affiliated parties, to select a
director, manager, general partner, or similar governing official of the competing enterprise other than in connection with the normal and customary voting powers afforded the Participant in connection with any permissible equity ownership). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">The Company and the Participant acknowledge and agree that in the event of a Participant&#146;s breach or threatened breach of any of the
restrictions set forth in this Section, the Participant shall cease to have any right to severance under this Plan to the extent then unpaid and the Company shall have the right to recoup from the Participant the amount of severance previously paid
to the Participant hereunder. The Participant acknowledges that the provisions in this Section 10, are fair and reasonable, that the enforcement of this Section 10 will not cause Grantee undue hardship, and that this Section 10 is necessary and
commensurate with the Company&#146;s need to protect its legitimate business interests from irreparable harm. If, at the time of enforcement of this Section 10, a court shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to enforce the restrictions
contained herein to cover the maximum period, scope and area permitted by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business</U>&#148; shall mean the production,
distribution, marketing, and/or sales of the following to the extent that the Company engage in the production, marketing and/or sales of the following as of immediately prior to a Change of Control: (i)&nbsp;chlor-alkali and derivative products and
chlorovinyls products that are manufactured, distributed, marketed and/or sold by the Company; and/or (ii) polyvinyl chloride/vinyl-based building products that are manufactured, distributed, marketed and/or sold by the Company, including window and
door profiles, pipe and pipe fittings, exterior siding and claddings, interior and exterior mouldings and trim, and decking. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidential Information</U>&#148; shall mean &#147;trade secrets,&#148; as such term is defined by applicable Delaware law, and
knowledge or data relating to the Company and its respective businesses that is not generally known to persons not employed by the Company, is not generally disclosed by the Company and is the subject of reasonable efforts to keep it confidential.
Confidential Information includes, but is not limited to, information regarding: (i) product or service cost or pricing; (ii) personnel allocation or organizational structure; (iii) the business operations or financial performance of the Company;
(iv) sales and marketing plans; (v) strategic initiatives (independent or collaborative); (vi) existing or proposed methods of operation; (vii) current and future development and expansion or contraction plans; (viii) sale/acquisition plans; and
(ix) non-public information concerning the legal or financial affairs of the Company. Confidential Information does not include information that has become generally available to the public by the act of one who has the right to disclose such
information without violating any right or privilege of the Company. This definition is not intended to limit any definition of confidential information or any equivalent term under applicable federal, state, or local law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 17 of 25 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Contact</U>&#148; shall mean contact between the Participant and any customer
or prospective customer (i) with whom the Participant dealt on behalf of the Company; (ii) whose dealings with the Company were coordinated or supervised by the Participant; (iii) about whom the Participant obtained confidential information in the
ordinary course of business as a result of the Participant&#146;s association with the Company; or (iv) who receives products authorized by the Company, the sale or provision of which results or resulted in compensation, commissions, or earnings for
the Participant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restricted Period</U>&#148; shall mean a period of one year following the termination of a Participant&#146;s
employment, except for the executive team members set forth Exhibit B hereto, for whom Restricted Period shall mean a period of three years following the termination of such Participant&#146;s employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restricted Territory</U>&#148; shall mean all fifty states of the United States, including without limitation Georgia, and Canada.
The Participant acknowledges and agrees that the Restricted Territory accurately describes the territory in which the Company manufactures, markets, and/or sells products. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">&#147;<U>Services</U>&#148; mean services or activities that are the same as or similar to the type provided, conducted, or engaged in by the
Participant within the two year period prior to the Participant&#146;s termination or separation from the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Signature appears
on next page.] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 18 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, Axiall Corporation has caused this Plan to be executed this 8<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> day of March&nbsp;2016, to be effective as specified herein. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>AXIALL CORPORATION</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:&nbsp;/s/</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Daniel S. Fishbein</P></TD></TR></TABLE></DIV>
<DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vice President &amp; General Counsel</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 19 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONFIDENTIAL SETTLEMENT AGREEMENT AND GENERAL RELEASE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Confidential Settlement Agreement and General Release (&#147;<B>Agreement</B>&#148;) is entered into this
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <B>day of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 201<U>&nbsp;&nbsp;</U></B> by and between
<B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U></B> (Workday ID <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>) (the &#147;Employee&#148;) and Axiall Corporation (&#147;the Company&#148;). This Agreement must be executed no later than forty-five
(45) days after the Employee&#146;s date of Termination; failing which such payments and benefits to which the Employee would otherwise be entitled under the Company&#146;s Executive and Key Employee Change of Control Severance Plan (the
&#147;Plan&#148;) shall be forfeited. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS, </B>Employee was a participant in the Plan;<B> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>WHEREAS, </B>Employee&#146;s employment terminated effective
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <B>201</B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
in a manner entitling Employee to benefits under such Plan subject to the execution and non-revocation of this Agreement and certain other requirements set forth herein; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify"><B>NOW, THEREFORE</B>, in consideration of the mutual terms, covenants and conditions hereinafter set forth, the parties hereto, intending to
be legally bound, do hereby agree as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt">(a)&nbsp;&nbsp;<U>Cash Payment to Employee:</U>&nbsp;&nbsp;&nbsp;&nbsp;The Company shall pay Employee a lump sum payment in cash of
<B>$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B>, less all
applicable withholdings, taxes, and payroll deductions for which an IRS Form W-2 shall be issued to the Employee, on [DATE]. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;The Company will provide Employee with the following additional non-cash separation
benefits:&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;[AGREEMENT TO SET FORTH ALL BENEFITS UNDER SECTION 4.1] </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Necessity of Agreement.</U>&nbsp;&nbsp;&nbsp;&nbsp;Employee agrees Employee would not be entitled to the payments and benefits set forth in
Paragraph 1 without this Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">3<B>.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><B></B><U>Waiver and Release of Claims</U>.&nbsp;&nbsp;&nbsp;&nbsp;Employee, for him/herself, his/her heirs, and anyone else who would have the
right to sue on his/her behalf or in his/her place (&#147;successors and assigns&#148;), fully and forever releases the Company, all affiliated companies, their shareholders, directors, officers, employees and employee benefit plans (including
representatives, agents, administrators and committees of such plans) (collectively, the &#147;Company Releasees&#148;) from all claims, causes of action or obligations of every nature whatsoever that Employee may have on the date Employee signs
this Agreement, whether known or unknown, including without limitation claims arising out of or relating to Employee&#146;s employment, termination from employment or any other act, event or failure to act that has occurred before and including the
date this Agreement is signed. Examples of the claims which Employee is giving up by signing this Agreement include, but are not limited to, claims for breach of express or implied contracts, claims of intentional wrongdoing, claims for negligent or
reckless wrongdoing, and claims for violation of any federal, state or local law, including laws prohibiting employment discrimination, such as, for example, the federal Age Discrimination in Employment Act (which is referred to hereafter as the
&#147;ADEA&#148;). By signing this Agreement, Employee does not release or give up his/her right to: (i) file a charge with the U.S. Equal Employment Opportunity Commission (&#147;EEOC&#148;) or other federal or state agency, (ii) provide assistance
or participate in any investigation or hearing conducted by the EEOC or other agency, (iii) file a lawsuit to challenge whether or not the release in this Paragraph 3 is a valid and effective as to claims of age discrimination under the ADEA, (iv)
file a lawsuit to enforce this Agreement, (v) assert claims that by law cannot be released, like workers&#146; compensation claims, (vi) enforce his rights under directors and officers insurance policies or to indemnification in accordance with the
Company&#146;s charter, by-laws or otherwise or (vii) enforce his rights to vested or earned compensation and/or benefits including any equity compensation awards. If </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 20 of 25 </P>


<p Style='page-break-before:always'>
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<TR>
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt">
a charge of discrimination is filed with the EEOC, however, the release in this Paragraph 3 means that Employee will not be entitled to receive any money or other individual remedy as a result of
that charge.&nbsp;Employee agrees that he/she has not and will not file a lawsuit in court or become a member of a class in a lawsuit asserting any claims that are released by Employee in Paragraph 3 of this Agreement and that are not within the
stated exceptions. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Payment of Applicable Taxes</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Company shall have the authority to withhold or to cause to be withheld applicable
taxes from any payments made under or in accordance with the Agreement to the extent required by law.&nbsp;In addition, the Company shall have the right to delay any benefit under this Plan to the extent that the payment of such benefit would
constitute a violation of Section&nbsp;409A of the Code. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Assistance to The Company</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Employee agrees to cooperate with the Company to provide all information that the
Company may hereafter reasonably request with respect to matters involving the Employee&#146;s present or former relationship with the Company, the work the Employee has performed, or present or former employees or customers of the Company, so long
as such requests do not unreasonably interfere with any other job in which the Employee is engaged. The Company agrees to reimburse the Employee for all reasonable out-of-pocket costs Employee incurs in connection herewith. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt">Restrictive Covenants.&nbsp;&nbsp;&nbsp;&nbsp;The Employee acknowledges and agrees that after the date hereof he shall continue to be subject to
the restrictions set forth in Section 10 of the Plan and [LIST OTHER RESTICTIVE COVENANTS] in accordance with their terms. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Transfer of Claims</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee represents and warrants that Employee has not assigned, transferred, or
purported to assign or transfer, to any person, firm, corporation, association or entity whatsoever, any released claim. The Employee agrees to indemnify and hold the Company Releasees harmless against, without any limitation, any and all rights,
claims, warranties, demands, debts, obligations, liabilities, costs, court costs, expenses (including attorney&#146;s fees), causes of action or judgments based on or arising out of any such assignment or transfer. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Termination of Employment/Re-Employment</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Employee&#146;s employment relationship with the Company has been
terminated. The Employee understands and agrees that, Employee is ineligible to be re-employed by the Company, its subsidiaries, affiliates, parents or divisions in the future and that Employee will not knowingly apply for a position with the
Company. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><B></B><U>Return of Property</U>.&nbsp;&nbsp;&nbsp;&nbsp;As a condition precedent to the Employee&#146;s receipt of the monetary payment provided
under this Agreement, the Employee shall return all Company property possessed by the Employee to the Company&#146;s Human Resources Department, including all documents, disks, and other items containing confidential and/or proprietary information.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Non-Admission</U>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement does not constitute an admission by the Company or Employee of any violation of
any law or statute or to the merit of any other claims or potential claims of Employee or the Company. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Material Breach</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Employee acknowledges that if Employee materially breaches or threatens to materially breach
this Agreement, including but not limited to the Employee&#146;s obligations in the paragraphs pertaining to restrictive covenants, and/or commences a suit or action or complaint in contravention of this release and waiver of claims, the
Company&#146;s obligations to pay the monies and/or provide the benefits referred to above shall immediately cease and the Company shall be entitled to all other remedies allowed in law or equity, including but not limited to the return of any
payments made to Employee under this Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Entire Agreement</U>.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement contains the entire agreement and understanding between the Employee and the Company
with respect to Employee&#146;s separation from the Company any and all </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 21 of 25 </P>


<p Style='page-break-before:always'>
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<TR>
<TD WIDTH="9%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt">
disputes or claims that the Employee has, or could have had, against the Company as of the date this Agreement is executed, and supersedes all other agreements between the Employee and the
Company with regard to Employee&#146;s employment, compensation or any disputes or claims. This Agreement shall not be changed unless in writing and signed by both the Employee and the Company. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Severability</U>.&nbsp;&nbsp;&nbsp;&nbsp;The invalidity or unenforceability of any provision of this Agreement other than the release in
Paragraph 3 shall not affect or impair any other provisions, which shall remain in full force and effect. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Governing Law.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall in all respects be governed by and construed in accordance with the laws of
the State of Delaware, without regard to conflicts of laws principles. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Employee&#146;s Acknowledgement</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Employee acknowledges that no representation, promise or inducement has been
made other than as set forth in this Agreement, and that the Employee enters into this Agreement without reliance upon any other representation, promise or inducement not set forth herein.&nbsp;The Employee further acknowledges and represents that
Employee assumes the risk for any mistake of fact now known or unknown, and that Employee understands and acknowledges the significance and consequences of this Agreement and represents that its terms are fully understood and voluntarily
accepted.&nbsp;The Employee also acknowledges (a) that Employee has consulted with or has had the opportunity to consult with an attorney of Employee choosing concerning this Agreement and has been advised to do so by the Company, and (b) that
Employee has read and understands this Agreement, is fully aware of its legal effect, and has entered into it freely and voluntarily based on Employee own judgment.&nbsp;The Employee acknowledges that Employee has been given a reasonable time to
consider the terms of this Agreement and that the payments and benefits provided under this Agreement are in addition to those to which Employee was already entitled. Forty-Five Day Consideration Period.&nbsp;The Employee acknowledges that Employee
has been given a period of at least Forty-five (45) days to consider the terms of this Agreement and, if Employee should execute it prior to the expiration of the forth-five day consideration period, knowingly waives Employee right to consider this
Agreement for forty-five days. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Decisional Unit Information.</U>&nbsp;&nbsp;&nbsp;&nbsp;Employees who are age 40 and older and whose employment is terminated as part of a group
termination or voluntary exit incentive program must, under the ADEA, be given information about: (i) the class, unit or group of employees from among whom employees were chosen to receive and not receive severance benefits (&#147;Decisional
Unit&#148;); (ii) the eligibility factors for the receipt of severance benefits in the program; (iii) the time limits applicable to the program; (iv) the position titles and ages of all individuals in the same Decisional Unit as Employee who were
selected to receive severance benefits under the program; and (v) the position titles and ages of all individuals in the Decisional Unit who were not selected to receive severance benefits under the program. By signing this Agreement, Employee
agrees that Employee has received this information. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Seven-Day Revocation Period</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Employee acknowledges that Employee may, for a period of seven (7) days following
the execution of this Agreement, revoke acceptance thereof. This revocation must be done in writing and delivered to the Company&#146;s Legal Department before the close of business on the seventh day. This Agreement shall not become effective until
the expiration of this seven-day revocation period. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Headings</U>.&nbsp;&nbsp;&nbsp;&nbsp;The headings contained in the Agreement are for reference purposes only and shall not in any way affect the
meaning or interpretation of this Agreement. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:10pt"><U>Survival</U>.&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, Sections 3.1, 3.2, 4.4, 5, 6, 7, 8.16 and 10 of the Plan shall survive and
continue to apply to Employee and the Company. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 22 of 25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>IT IS VERY IMPORTANT THAT YOU CAREFULLY READ AND UNDERSTAND ALL THE TERMS OF THIS AGREEMENT
BEFORE YOU SIGN IT.&nbsp;YOU SHOULD CONSULT WITH A LAWYER BEFORE SIGNING. </B></P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SO AGREED</P> <P STYLE="font-size:36pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">EMPLOYEE</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="74%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21"></TD>
<TD HEIGHT="21" COLSPAN="4"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Print&nbsp;Name</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21"></TD>
<TD HEIGHT="21" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Date</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> </DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR>
<TD COLSPAN="3" VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:6pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AXIALL CORPORATION</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="81%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21" COLSPAN="3"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Print&nbsp;Name</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="21" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 23 of 25 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REGARDING EMPLOYMENT TERMINATION PROGRAM </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman"><U>Class, unit or group involved</U>:&nbsp;&nbsp;The class, unit or group of employees from among which the Company chose the persons whose
employment is being terminated and are being offered a Separation Agreement is called the Decisional Unit.&nbsp;The Decisional Unit in this employment termination program consists of salaried employees in the [describe the Decisional Unit as
provided in the Standard 45-Day Release Instructions]. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman"><U>Eligibility and selection</U>:&nbsp;&nbsp;All employees in the above-described
Decisional Unit are eligible for the program.&nbsp;All eligible employees whose employment is being terminated in the current reduction in force are selected to receive severance benefits under the program in exchange for signing a Separation
Agreement containing a release of claims.&nbsp;The position titles and ages of those employees in the Decisional Unit whose employment is being terminated and who are being offered Separation Agreements, and those whose employment is not being
terminated and are not being offered Separation Agreements are listed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman"><U>Time limits</U>:&nbsp;&nbsp;Employees being offered
severance benefits under a Separation Agreement including a release must sign and return the agreement within 45 days of receipt.&nbsp;Once the employee returns the signed agreement, he or she has seven days to revoke it. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman"><U>Position titles and ages of employees in the [Decisional Unit] selected for termination</U>: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Position title</B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-right:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Age</B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman"><U>Position titles and ages of employees in the [Decisional Unit] not selected for termination</U>: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Position title</B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-right:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Age</B></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 24 of 25 </P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT B </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Dean Adelman </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">William Doherty </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Daniel Fishbein </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">Timothy Mann, Jr. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Gregory Thompson </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 25 of 25 </P>

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<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>d156837dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Axiall Appoints William Mansfield Non-Executive Chairman of the Board </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Mark Noetzel to Continue as Independent Director </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ATLANTA &#150; March&nbsp;8, 2016</B> &#150; Axiall Corporation (NYSE: AXLL) today announced that William (&#147;Bill&#148;) L. Mansfield has been elected
non-executive chairman of the company&#146;s board of directors, effective immediately. Mr.&nbsp;Mansfield has served on the board as an independent director since September 2012 and succeeds Mark L. Noetzel, who served as chairman since January
2010. Mr.&nbsp;Noetzel will continue to serve on the Axiall board as an independent director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;With his extensive knowledge of the chemicals
industry and considerable strategic acumen, Bill Mansfield has been a tremendous asset to the Axiall board and management team since joining us several years ago,&#148; Mr.&nbsp;Noetzel said. &#147;I have been privileged to serve Axiall for six
years as chairman, and I am confident that Bill is well-suited to take on the considerable responsibilities and challenges of this important position.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I am honored to assume the role of non-executive chairman and look forward to sharing insights and guidance with Tim Mann and the rest of the management
team as we continue to take action to aggressively enhance the company&#146;s financial and operational performance and drive value for shareholders,&#148; Mr.&nbsp;Mansfield said. &#147;My fellow directors and I thank Mark for his valuable
leadership and vision as Axiall&#146;s chairman over the past six years and are pleased that he will continue to serve on the board.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Mansfield has served as an Axiall director since September 2012. He served as the chairman of the board of Valspar Corporation from 2008 until his
retirement in 2012. He previously served as chief executive officer of Valspar from February 2005 until his retirement from management in June 2011. Mr.&nbsp;Mansfield joined Valspar in 1984 and held a number of senior positions of increasing
responsibility prior to his appointment as CEO. He earned a bachelor&#146;s degree from Drexel University and a master&#146;s degree in business administration from Lehigh University. Mr.&nbsp;Mansfield also serves as a director of Bemis Company,
Inc., a leading flexible packaging company and of Triumph Group, a global leader engaged in the design, engineering, manufacture, repair, overhaul, and distribution of aerostructures, aircraft components, accessories, subassemblies and systems. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Noetzel has served as a director of Axiall and its predecessor company since September 2009 and as the non-executive chairman of the board since
January 2010. He was president and CEO of Cilion, Inc., a venture-capital-backed renewable fuel company, from August 2007 to May 2009. Prior to this role, he served in several senior positions at BP plc from 1998 to 2007, including group vice
president of global retail, group vice president of B2B fuels and new markets and group vice president of chemicals. Mr.&nbsp;Noetzel earned a bachelor&#146;s degree from Yale University and a master&#146;s of business administration from the
Wharton School at the University of Pennsylvania. He is also chairman of the board of directors of Aspen Aerogels, Inc., a manufacturer of aerogel insulation products, and he serves on the board of Siluria Technologies, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Axiall board is composed of 10 highly qualified directors, nine of whom are independent, and all of whom are elected annually. All of Axiall&#146;s board
members are active, engaged and highly experienced professionals with diverse operations and management experience at the highest levels of both public and private companies. Axiall&#146;s board members bring significant and broad industry expertise
across a range of disciplines that are critical to Axiall&#146;s business, particularly in chemicals and consumer and industrial products, including substantial hands-on experience in the chlor-alkali businesses. Since 2012, Axiall has appointed
five new directors, each of whom brings a fresh perspective to the board. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About&nbsp;Axiall </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Axiall Corporation is a leading integrated chemicals and building products company. Headquartered in Atlanta, Axiall has manufacturing facilities located
throughout North America and in Asia to provide industry-leading materials and services to customers. For more information, visit&nbsp;www.axiall.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Information </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the 2016
Annual Meeting, Axiall will file a proxy statement and other documents regarding the 2016 Annual Meeting with the Securities and Exchange Commission (&#147;SEC&#148;) and will mail the definitive proxy statement and a WHITE proxy card to each
stockholder of record entitled to vote at the 2016 Annual Meeting. STOCKHOLDERS ARE ENCOURAGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT
INFORMATION. The final proxy statement will be mailed to stockholders. Investors and security holders will be able to obtain the documents free of charge at the SEC&#146;s website, www.sec.gov, from Axiall at its website, www.axiall.com, or 1000
Abernathy Road NE, Suite 1200, Atlanta, GA 30328, Attention: General Counsel. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in Solicitation </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the 2016 Annual
Meeting. Information concerning the Company&#146;s participants is set forth in the proxy statement, dated April&nbsp;17, 2015, for its 2015 annual meeting of stockholders as filed with the SEC on Schedule 14A and the Company&#146;s Current Reports,
dated July&nbsp;6, 2015,&nbsp;July&nbsp;28, 2015,&nbsp;September&nbsp;25, 2015 and November&nbsp;18, 2015, as filed with the SEC on Form 8-K. Additional information regarding the interests of participants of the Company in the solicitation of
proxies in respect of the 2016 Annual Meeting and other relevant materials will be filed with the SEC when they become available. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking
Statements Disclaimer </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This news release contains &#147;forward-looking statements&#148; as defined in, and subject to the safe harbor provisions of,
the federal securities laws. These forward looking statements relate to, among other things, the Company&#146;s anticipated financial performance, prospects and the Company&#146;s plans and objectives for future operations. Forward-looking
statements are based on management&#146;s assumptions regarding, among other things, general economic and industry-specific business conditions and the continued execution of the Company&#146;s long-term business strategy as a stand-alone public
company, and actual results may be materially different. Risks and uncertainties inherent in these assumptions include, but are not limited to, the Company&#146;s ability to successfully implement its strategy to create sustainable, long-term
stockholder value, the Company&#146;s ability to successfully implement and administer its cost-saving initiatives (including its restructuring programs) and produce the desired results (including projected savings), future prices for the
Company&#146;s products, industry capacity levels for the Company&#146;s products, raw materials and energy costs and availability, feedstock availability and prices, changes in governmental and environmental regulations, the adoption of new laws or
regulations that may make it more difficult or expensive to operate the Company&#146;s businesses or manufacture its products, the Company&#146;s ability to generate sufficient cash flows from its business, future economic conditions in the specific
industries to which the Company&#146;s products are sold, global economic conditions, the effectiveness of certain previously disclosed and recently implemented changes to the Company&#146;s internal control over financial reporting, the
Company&#146;s ability to successfully execute its plans for dispositions and other factors discussed in the Securities and Exchange Commission filings of Axiall from time to time, including the Company&#146;s Annual Report on Form 10-K for the year
ended December&nbsp;31, 2015; as well as uncertainties regarding future actions that may be taken by Westlake in furtherance of its prior unsolicited proposal or its intent to nominate director candidates for election at the 2016 Annual Meeting, and
potential operational disruption caused by Westlake&#146;s future actions that may make it more difficult to maintain relationships with customers, employees or suppliers. The risks and uncertainties above are not the only risks the
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Company faces. Additional risks and uncertainties not presently known to the Company or that it believes to be immaterial also may adversely affect the Company. Should any known or unknown risks
and uncertainties develop into actual events, these developments could have material adverse effects on the Company&#146;s business, financial condition and results of operations. The Company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contacts </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Axiall Corporation </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Martin Jarosick, 1-770-395-4524 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chip Swearngan, 1-678-507-0554 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joele Frank, Wilkinson Brimmer Katcher </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joele Frank, Michael
Freitag, or Averell Withers, 1-212-355-4449 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Axiall Board of Directors Declares Quarterly Dividend </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ATLANTA, March&nbsp;8, 2016</B> &#150; The Board of Directors of&nbsp;Axiall Corporation&nbsp;(NYSE: AXLL) today declared a regular quarterly dividend of
16 cents per share of common stock. The dividend is payable April&nbsp;8, 2016 to shareholders of record at the close of business on March&nbsp;25, 2016. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About&nbsp;Axiall </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Axiall Corporation (NYSE: AXLL) is a
leading integrated chemicals and building products company. Headquartered in Atlanta, Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers. For more
information, visit www.axiall.com. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Contacts </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Axiall
Corporation Contacts: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Martin Jarosick,
770-395-4524 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Media </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chip Swearngan, 678-507-0554 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P>
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