Exhibit 10.2

FORM OF TIME-VESTED RESTRICTED STOCK UNIT AGREEMENT
PURSUANT TO THE
ALLEGHENY TECHNOLOGIES INCORPORATED 2017 INCENTIVE PLAN
This Time-Vested Restricted Stock Unit Agreement (“Agreement”) is made as of the
20th day of February, 2018 (the “Grant Date”) by and between ALLEGHENY
TECHNOLOGIES INCORPORATED, a Delaware company (the “Company”), and «First_Name»
«Middle_Initial» «Last_Name» (the “Participant”).
WHEREAS, the Company sponsors and maintains the Allegheny Technologies
Incorporated 2017 Incentive Plan (the “Incentive Plan”);
WHEREAS, the Company desires to encourage the Participant to remain an employee
of the Company and, during such employment, to contribute substantially to the
financial performance of the Company;
WHEREAS, to provide that incentive, the Company awarded the Participant the
number of restricted stock units (singular “RSU” and plural “RSUs”) shown below,
related to the Common Stock of the Company, $0.10 par value per share (“Common
Stock”), subject to the terms and conditions of this Agreement, including the
restrictive covenants, set forth herein;
WHEREAS, the RSUs are subject to the Participant’s ongoing employment by the
Company on each applicable vesting date, except as otherwise provided herein;
WHEREAS, the Company and the Participant desire to evidence the award of the
RSUs, and the terms and conditions applicable thereto, in this Agreement; and
WHEREAS, capitalized terms used, but not defined herein, shall have the meanings
ascribed to them in the Incentive Plan.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, including the Restrictive Covenants set forth in Section 10 of this
Agreement, and intending to be legally bound, the Company and the Participant
agree as follows:
1.Grant of RSUs. The Company hereby grants to the Participant
«Actual_RSU_Shares_Awarded_ » RSUs (subject to adjustment as provided in Section
3(d) of the Incentive Plan) as of the Grant Date. Each RSU represents the right
to receive one share of Common Stock, subject to the terms and conditions set
forth in this Agreement and the Incentive Plan.

2.Service Criteria. The RSUs shall vest in accordance with the following
schedule, subject to the Participant’s continued employment through the
applicable vesting date (each such date, a “Vesting Date”):
Vesting Date
Percent of Total Award Vested
February 20, 2019
33 1/3%
February 20, 2020
66 2/3%
February 20, 2021
100%

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3.Termination of Service Prior to the Vesting Date. Except as otherwise provided
in this Section 3, if, prior to the applicable Vesting Date for one or more
installments of the RSUs, the Participant experiences a Termination of Service,
whether initiated by either party and for any reason, all rights of the
Participant to the RSUs that have not vested prior to the date of Termination of
Service shall terminate immediately and be forfeited in their entirety without
compensation to the Participant, and the forfeited RSUs shall be canceled.

(a)Termination of Service Due to Death, Disability or Retirement Prior to a
Change in Control or Following the Second Anniversary Thereof. If, prior to a
Change in Control or following the second anniversary of a Change in Control,
the Participant experiences a Termination of Service due to the Participant’s
death, Disability or Retirement, then a pro rata portion of the RSUs scheduled
to vest on each Vesting Date occurring after the date of such Termination of
Service, determined, in each case, by multiplying the total number of RSUs
scheduled to vest on each such Vesting Date by a fraction, the numerator of
which is equal to the number of months the Participant was employed by the
Company following the Grant Date (including any month during which the
Participant remained employed by the Company for at least fifteen (15) days) and
the denominator of which is equal to the number of months between the Grant
Date, and the applicable Vesting Date (in each case, the “Prorated Portion” with
respect to the applicable installment), shall remain outstanding and shall vest
(and the Shares with respect thereto shall be deliverable) on the applicable
Vesting Date, so long as the Participant does not breach any of the restrictive
covenants set forth herein (it being understood that in the event of any such
breach prior to the applicable Vesting Date, the Prorated Portion shall be
immediately forfeited). For the avoidance of doubt, the RSUs that do not
constitute the Prorated Portion with respect to any installment shall be
forfeited as of the date of Termination of Service.

(b)Certain Terminations During the Two-Year Period Following a Change in
Control. If, during the two (2)-year period immediately following a Change in
Control, a Participant incurs a Termination of Service due to (i) the
Participant’s death, Disability or Retirement (as defined in Appendix A hereto),
(ii) a termination by the Company without Cause [or (iii) a resignation by the
Participant for Good Reason (as defined in Appendix A hereto),]1 any Replacement
Award (as defined in Section 6 below) granted in respect of the RSUs shall vest
in full immediately upon the date of Termination of Service.

4.Settlement of the Vested RSUs.

(a)General. Vested RSUs shall be settled by the issuance of Shares as soon as
reasonably practicable (and in no event later than thirty (30) days) following
the Vesting Date, except that, if the Participant incurs a Termination of
Service during the two (2)-year period following a Section 409A CIC, the vested
RSUs shall be settled by the issuance of Shares as soon as reasonably
practicable (and in no event later than thirty (30) days) following such
Termination of Service. Nothing herein shall preclude the Company from settling
the RSUs upon a Section 409A CIC, if they are not replaced by a Replacement
Award, to the extent such settlement is effectuated in accordance with Treas.
Regs. § 1.409A-3(j)(ix).

(b)Method of Delivery. In settlement of the vested RSUs, the Company shall
deliver, or cause to be delivered to the Participant, Shares in the form of a
certificate or proof of ownership in an aggregate amount equal to the number of
Shares deliverable to the Participant in respect of the RSUs vesting on such
date, unless the Company is using book- entry, in which case, the Company shall
credit such Shares to the Participant’s account. In any case, such Shares shall
not be subject to transfer restrictions and shall not bear any legend or
electronic notation limiting transferability. Upon payment or crediting of such
Shares, the

1 Applicable to executives who are party to Change in Control Severance
Agreements.

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vested RSUs shall be deemed fully settled and the Participant shall have no
further rights in respect of such RSUs. No fractional Share shall be issued and
any fractional vested RSU shall be rounded down to the nearest whole number,
other than following a Change in Control, in which case the rules applicable to
fractional Shares under the transaction agreement shall govern.

5.Rights as a Stockholder. Until the issuance of the Shares subject to the RSUs
(as evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends
or any other rights as a holder of Common Stock shall exist with respect to the
RSUs.

6.Change in Control. If a Change in Control occurs prior to any Vesting Date,
the RSUs (if and to the extent not previously forfeited) shall vest effective as
of such Change in Control, except to the extent that another award meeting the
requirements of Section 11(c) of the Incentive Plan (as determined by the
Committee as of immediately prior to the Change in Control, in its sole
discretion) is provided to the Participant to replace the RSUs (any award
meeting the requirements of Section 11(c) of the Incentive Plan, a “Replacement
Award”). Notwithstanding the foregoing provisions of this Section 6, if the
Participant has incurred a Termination of Service prior to the Change in Control
that provides for the vesting of the RSUs on a prorated basis, only the Prorated
Portion shall vest on the Change in Control or become subject to the Replacement
Award, as applicable. If Replacement Awards are provided, from and after the
Change in Control, references herein to the RSUs shall refer to the Replacement
Awards, unless the context clearly indicates otherwise.

7.Withholding. No later than the date as of which an amount first becomes
includible in the gross income of the Participant or subject to any applicable
tax for federal income tax purposes with respect to any RSUs, the Participant
shall pay to the Company, or make arrangements satisfactory to the Company
regarding the payment of, all federal, state and local income and employment
taxes that are required by applicable laws and regulations to be withheld with
respect to such amount. The Participant may direct the Company to deduct any
such taxes from any payment otherwise due to the Participant, including the
delivery of Shares that gives rise to the withholding requirement. The Company’s
obligation to deliver the Shares underlying the RSUs (or to make a book-entry or
other electronic notation indicating ownership of the Shares) is subject to the
condition precedent that the Participant either pay or provide for the amount of
any such withholding.

8.No Right to Continued Employment; Effect on Benefit Plans. This Agreement
shall not confer upon the Participant any right with respect to continuance of
his or her employment or other relationship, nor shall it interfere in any way
with the right of the Company, or any of its direct or indirect subsidiaries, to
terminate his or her employment or other relationship, at any time. Income
realized by the Participant pursuant to this Agreement shall not be included in
the Participant’s earnings for the purpose of any benefit plan in which the
Participant may be enrolled or for which the Participant may become eligible,
unless otherwise specifically provided for in such plan.

9.Participant Representations. In connection with the grant of the RSUs, the
Participant represents the following:

(a)The Participant has, if and to the extent deemed necessary or advisable in
the judgment of the Participant, reviewed with the Participant’s own tax
advisors, the federal, state, local and foreign tax consequences of this
Agreement and the transactions contemplated hereby.

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(b)The Participant is relying solely on such advisors, if any, and not on any
statements or representations of the Company or any of its agents. The
Participant understands that the Participant (and not the Company) shall be
responsible for the Participant’s own tax liability that may arise as a result
of this Agreement and the transactions contemplated hereby.

(c)The Participant has received, read and understood this Agreement and the
Incentive Plan and agrees to abide by and be bound by their respective terms and
conditions.

10.Restrictive Covenants.

(a)Non-Competition. For a period of one (1) year after the Participant’s
Termination of Service with the Company for any reason, the Participant shall
not, directly or indirectly, serve as an owner, principal, partner, employee,
consultant, officer, director or agent of an entity, including a sole
proprietorship, that engages or is planning to engage in any business in which
the Company is engaged in any market in which the Company is engaged at the time
of the Participant’s Termination of Service, including, without limitation, the
production and delivery of materials and products for the aerospace and defense,
oil and gas/chemical and hydrocarbon processing industries, and electrical
energy, medical, automotive, food equipment and appliance, and construction and
mining markets (each such entity in such industry or market is referred to as a
“Competing Business”). The Participant shall not be deemed to be in violation of
this covenant solely by virtue of his or her ownership of not more than 2% of
any company the stock of which is traded on a recognized securities exchange.
References in this Section 10 to the “Company” shall include its Subsidiaries
and Affiliates.

(b)Non-Solicitation of Customers. For a period of one (1) year after the
Participant’s Termination of Service with the Company for any reason, the
Participant shall not, directly or indirectly, on behalf of a Competing Business
solicit or attempt to divert the business or patronage of any business entity
that has purchased materials or products from the Company within two (2) years
prior to such Termination of Service and shall not assist any person or business
entity in planning or making such a solicitation.

(c)Non-Solicitation of Employees. For a period of one (1) year after the
Participant’s Termination of Service with the Company for any reason, the
Participant shall not, directly or indirectly, solicit or assist another person
or entity to solicit any person who consults with the Company or is employed by
the Company to cease consulting with the Company or to leave the employ of the
Company or to accept a consulting or other business relationship or employment
with another person or entity, whether or not a Competing Business.

(d)Non-Disparagement. The Participant shall not disparage the Company or its
business, agents, servants, employees, officers or directors.

(e)Confidentiality. The Participant shall not disclose, divulge or use any
non-public information of the Company, including, but not limited to,
manufacturing processes, customer lists, marketing plans or procedure
proprietary information and trade secrets.

(f)Notice of Rights under Applicable Law. Notwithstanding anything in this
Agreement to the contrary, nothing in this Agreement shall impair the
Participant’s rights under the whistleblower provisions of any applicable
federal law or regulation or, for the avoidance of doubt, limit the
Participant’s right to receive an award for information provided to any
government authority under such law or regulation. The Company hereby informs
the Participant that, notwithstanding any provision of this Agreement to the
contrary, an individual may not be held criminally or civilly liable under any
federal or state trade secret law

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for the disclosure of a trade secret that (i) is made in confidence to a
federal, state, or local government official, either directly or indirectly, or
to an attorney, and solely for the purpose of reporting or investigating a
suspected violation of law, or (ii) is made in a complaint or other document
that is filed under seal in a lawsuit or other proceeding. Further, an
individual who files a lawsuit for retaliation by an employer for reporting a
suspected violation of law may disclose the employer’s trade secrets to the
attorney and use the trade secret information in the court proceeding if the
individual files any document containing the trade secret under seal and does
not disclose the trade secret, except pursuant to court order.

(g)Consideration and Remedies. The Participant recognizes and acknowledges that
the opportunity to earn compensation or receive Shares under this Agreement is
adequate consideration for the covenants set forth in this Section 10. The
Participant further acknowledges that the Company has no adequate remedy at law
should the Participant violate or threaten to or attempt to violate any one or
more of the covenants in this Section 10, and the Participant agrees that, in
addition to the forfeiture of any RSUs that have not yet vested or Shares that
have not yet been delivered to the Participant, the Company is entitled to an
injunction or other equitable relief restraining the Participant from violating
or threatening to or attempting to violate any one or more of the covenants set
forth in this Section 10.

11.Section 409A. This Agreement and the RSUs granted hereunder are intended to
comply with the requirements of Section 409A of the Code or an exemption or
exclusion therefrom, and, with respect to RSUs that are subject to Section 409A
of the Code, the Incentive Plan and this Agreement shall be interpreted and
administered in all respects in accordance with Section 409A of the Code
(including with respect to the application of any defined terms to RSUs that
constitute nonqualified deferred compensation, which defined terms shall be
interpreted to have the meaning required by Section 409A of the Code to the
extent required in order to avoid accelerated taxation and/or tax penalties
under Section 409A of the Code). Each payment (including the delivery of Shares)
under the RSUs that constitutes nonqualified deferred compensation subject to
Section 409A of the Code shall be treated as a separate payment for purposes of
Section 409A of the Code. In no event may the Participant, directly or
indirectly, designate the calendar year of any payment to be made under this
Agreement that constitutes nonqualified deferred compensation subject to Section
409A of the Code. Notwithstanding any other provision of this Agreement to the
contrary, if the Participant is a “specified employee” within the meaning of
Section 409A of the Code (as determined in accordance with the methodology
established by the Company as in effect on the date of Termination of Service),
amounts that constitute nonqualified deferred compensation within the meaning of
Section 409A of the Code that would otherwise be payable by reason of the
Participant’s Separation from Service during the six (6)-month period
immediately following such Separation from Service shall instead be paid or
provided on the first business day following the date that is six (6) months
following the Participant’s Separation from Service.
 
12.Miscellaneous.

(a)Governing Law. This Agreement shall be governed and construed in accordance
with the domestic laws of the Commonwealth of Pennsylvania without regard to
such Commonwealth’s principles of conflicts of laws.

(b)Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of, and be binding upon, the successors, permitted assigns, heirs,
executors and administrators of the parties hereto. Neither this Agreement, nor
any rights hereunder, shall be assignable or otherwise subject to hypothecation
without the consent of all parties hereto.

(c)Entire Agreement; Amendment. This Agreement contains the entire understanding
between the parties hereto with respect to the subject matter of this Agreement
and supersedes all prior and

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contemporaneous agreements and understandings, inducements or conditions,
express or implied, oral or written, with respect to the subject matter of this
Agreement, including, without limitation, the terms of any employment or change
of control agreement to which the Participant is a party, except with respect to
the definitions of “Cause” and “Disability” as may be set forth in any such
Individual Agreement that becomes applicable on a Change in Control, which
definitions shall apply to the RSUs from and after such Change in Control. This
Agreement may not be amended or modified without the written consent of the
Company and the Participant.

(d)Counterparts. This Agreement may be executed simultaneously in any number of
counterparts, each of which, when so executed and delivered, shall be taken to
be an original and all of which together shall constitute one document.

(e)Compliance with Corporate Policies. No delivery of Share shall be made under
this Agreement or in respect of the RSUs, unless the Participant has fully
complied with all policies of the Company, applicable to employees, including,
but not limited to, the Company’s Corporate Guidelines for Business Conduct and
Ethics.

13.Clawback. The Participant acknowledges and agrees that RSUs granted hereunder
and the Shares received in respect thereof shall be subject to the clawback
provisions set forth in Section 15(j) of the Incentive Plan, the terms of any
clawback policy that the Company may adopt and that is applicable to the
Participant, as it may be amended from time to time, and any provision of
applicable law relating to cancellation, rescission, payback or recoupment of
compensation, and the Participant shall pay any Forfeiture Amount required by
Section 15(j) of the Incentive Plan, or any other amount as required by the
terms of any such policy or applicable law.

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first written above.

ALLEGHENY TECHNOLOGIES INCORPORATED

By:     /s/ Elliot S. Davis                        
Name:
Elliot S. Davis

Title:
Senior Vice President, General Counsel,

Chief Compliance Officer
and Corporate Secretary

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Appendix A

“Disability” shall mean any condition as a result of which the Participant has
been determined eligible to receive long-term disability benefits under the
Company’s long term disability plan.
[“Good Reason” shall mean, without the Participant’s express written consent,
the occurrence of any one or more of the following:
(a)(i) a material diminution of the Participant’s position, authorities, duties,
responsibilities or status (including offices, titles, or reporting
relationships) as an employee of the Company (or those of the supervisor to whom
the Participant is required to report, including a requirement that the
Participant report to a corporate officer or other employee rather than directly
to the Board), in each case, from those in effect as of immediately prior to the
Change in Control, or (ii) the assignment to the Participant of duties or
responsibilities inconsistent with his or her position as of immediately prior
to the Change in Control, other than an insubstantial and inadvertent act that
is remedied by the Company promptly after receipt of notice thereof given by the
Participant;

(b)the Company’s requiring the Participant to be based at a location in excess
of thirty-five (35) miles from the location of the Participant’s principal job
location or office immediately prior to the Change in Control, except for
required travel on the Company’s business to an extent consistent in all
material respects with the Participant’s business travel obligations as of
immediately prior to the Change in Control;

(c)(i) a reduction in the Participant’s annual base salary, (ii) a material
reduction in the Participant’s target annual incentive opportunity or (iii) a
material reduction in the other compensation and benefits provided or made
available to the Participant from the Company, in each case, from those in
effect immediately prior to the Change in Control or, if greater, following the
Change in Control; or

(d)a material diminution in the budget over which the Participant retains
authority relative to such budget immediately prior to the Change in Control.

The Participant’s mental or physical incapacity following the occurrence of an
event described above shall not affect the Participant’s ability to terminate
employment for Good Reason, and the Participant’s death following delivery of a
notice of termination for Good Reason shall not affect the Participant’s
estate’s entitlement to benefits provided upon a termination of employment for
Good Reason.

To invoke a termination for Good Reason, the Participant shall provide written
notice to the Company of the existence of one or more of the conditions
described above within ninety (90) days following the Participant’s knowledge of
the initial existence of such condition or conditions, specifying in reasonable
detail the conditions constituting Good Reason, and the Company or its Affiliate
shall have thirty (30) days following receipt of such written notice (the “Cure
Period”) during which it may remedy the condition. If the Company or the
Affiliate fails to remedy the condition constituting Good Reason during the
applicable Cure Period, the Participant’s Termination of Service must occur, if
at all, no later than sixty (60) days following the initial existence of such
condition.] 2 

“Retirement” shall mean, (a) prior to a Change in Control, a termination of
employment with the Company any each Subsidiary of the Company, with the consent
of the Company at or after (i) attaining age 55 and (ii) completing five years
of employment with the Company or any Subsidiary of the Company and (b)
following a Change in Control, at or after (i) attaining age 55 and (ii)
completing five years of employment with the Company or any Subsidiary of the
Company.
2Applicable to executives who are party to Change in Control Severance
Agreements.

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