EX-10.30.3





 Exhibit 10.30.3 

 
 



 
 June 6, 2018 

2018 Long Term Incentive Award Letter 

Dear First Name, 
 I am pleased to inform you that you have
received a Grant of Units under the Constellium 2018 Long Term Incentive Award Agreement in the amounts set forth below. These Units entitle you to receive Constellium Shares (or a cash equivalent, at Constellium’s discretion), subject to the
terms and conditions set forth in this Award Letter, in the Constellium 2018 Long Term Incentive Award Agreement (the “Award Agreement”) and the 2013 Constellium Equity Incentive Plan (the “Plan”).
Capitalized Terms used in this Award Letter, unless so defined herein, shall have the meanings found in the Award Agreement or Plan. 
  

			
	Grant Date	  	May 25, 2018
		
	Award Value	  	$X,XXX,XXX
		
	Total Units Granted	  	TOTAL (= YYY,YYY + ZZZ,ZZZ)
		
	Restricted Stock Units (RSUs)	  	YYY,YYY
		
	Performance Share Units (PSUs) – Base Amount	  	ZZZ,ZZZ
		
	Indices	  	 S&P MidCap 400 Index;
 S&P
SmallCap 600 Index

		
	Initial price on the Grant Date	  	CSTM share price: $11.70 (20-day average)
		
	Vesting Date	  	May 25, 2021
		
	Vesting Period / Performance Period	  	From the Grant Date through the Vesting Date

 Please note that the vesting of the RSUs and PSUs and the delivery of Shares (or a cash equivalent in respect of such RSUs and
PSUs) is subject to the satisfaction of the Continued Service Condition. The vesting of the PSUs is, in addition, subject to the satisfaction of the Performance Condition. The level of achievement of the Performance Condition shall be determined by
comparing the Constellium TSR to the average of the TSRs of the two Indices at the end of the relevant Performance Period as follows: 
  

			
	 Performance Condition Achievement Level
	 	 Number of Shares underlying PSUs

	The Constellium TSR is below the average of the two median TSRs	 	PSU Base Amount x 0%
		
	The Constellium TSR is at the average of the two median TSRs	 	PSU Base Amount x 100%
		
	The Constellium TSR is between the average of the two median TSRs and the average of the two 75th percentile TSRs	 	PSU Base Amount x (linear interpolation between 100% and 200%)
		
	The Constellium TSR is at or above the average of the two 75th percentile TSRs	 	PSU Base Amount x 200%

 Notwithstanding the foregoing, if the Constellium TSR is negative, the number of Shares (or a cash equivalent) eligible to be
delivered in respect of the PSUs shall be capped at 100% of the Base Amount. 
 You acknowledge that you have received a copy of, or have online access to,
the Award Agreement and the Plan, and hereby accept the Units granted, subject to all the terms and provisions of this Award Letter, the Award Agreement and the Plan. The Board or the Committee shall determine whether an event has occurred resulting
in the forfeiture of your Units and any Shares issuable thereunder and all such determinations shall be final and conclusive. You also acknowledge that this award and similar awards are made on a selective basis and are, therefore, to be kept
confidential. 
  

					
	Very truly yours	 		 	Agreed and Accepted
			
	 /s/ Ryan Jurkovic
	 		 	  

	Ryan Jurkovic	 		 	First Name, Last Name
	Senior Vice President	 		 	
	Chief Human Resources Officer	 		 	Date (mm/dd/yyyy):


  

			
	 2018 LTIP Award Letter
	  	 Last Name, First Name