Document:

EX-10(j)

 Exhibit 10(j) 

ARCONIC EMPLOYEES’ EXCESS BENEFITS PLAN C 

(as amended and restated August 1, 2016) 

Alcoa Inc. has adopted the following Arconic Employees’ Excess Benefits Plan C, as amended and restated effective August 1, 2016.
This Excess Plan was formerly referred to as the Alcoa Inc. Employees’ Excess Benefits Plan C. Effective August 1, 2016, in anticipation of its separation into two separate publicly-traded companies, Alcoa Inc. separated this Excess Plan
into two separate plans: this Excess Plan and the Alcoa USA Corp. Nonqualified Supplemental Retirement Plan C. No person is entitled to a benefit under both plans. 

This Excess Plan is for the exclusive benefit of selected management and highly compensated employees, whose pension benefits calculated under
certain qualified and non-qualified plans does not take into account certain deferred compensation amounts. 

ARTICLE I - DEFINITIONS 
 1.1 The following terms
have the specified meanings: 
 “Additional Compensation” means any amount which the Participant has irrevocably elected to defer
under one or more of the following: (1) the Incentive Compensation Plan of the Company, not including any gain or loss thereon, (2) the Arconic Deferred Compensation Plan, not including any gain or loss thereon, or (3) the Performance
Pay Plan of the Company, not including any gain or loss thereon. 
 “Annual Compensation” means the total payments made by the
Company and by any Subsidiaries during a calendar year for services rendered as an employee, except as otherwise provided by contractual agreement, other than living and similar allowances and premium pay and payments made for specific purposes as
determined under supplemental rules adopted by the Company. Annual Compensation will include any amounts by which the Participant has elected to reduce his or her salary under the Arconic Retirement Savings Plan for Hourly Non-Bargaining Employees or under any cash or deferred arrangement established under Section 401(k) of the Code, and will include any Additional Compensation. “Special Payments” within the meaning of the
Alcoa Deferred Compensation Plan are not treated as Annual Compensation. 
 “Average Final Compensation” means the average Annual
Compensation as determined under the Rule of Plan I in which the Participant participates. 
 “Board of Directors” means the Board
of Directors of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Benefits Management Committee of the Company, which has been delegated by the Board of Directors to have the
discretionary authority to interpret and administer the Plan. 
 “Company” means Alcoa Inc. It is contemplated that Alcoa Inc.
will formally change its corporate name to Arconic Inc. in the second half of 2016. 
 “Excess Plan” means the amended and
restated Arconic Employees’ Excess Benefits Plan C, adopted by the Company as described herein or as from time to time hereafter amended. 

“Other Plans” means Plan I, any defined benefit retirement plan of any Subsidiary, Arconic Employees’ Excess Benefits Plan A
and Arconic Employees’ Excess Benefits Plan B (“Excess B”), or such similar plan of any Subsidiary, as any presently exist or may exist in the future. 

  
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 “Participant” means, on or after August 1, 2016, any employee of the Company or
any Subsidiary who meets one or more of the following requirements: 
 (1) retires or dies while covered under Excess B, or 

(2) has Additional Compensation and is a participant in Plan I, or 

(3) on or after January 1, 1989, and before August 11, 2014, retired, died or terminated employment while covered under Plan I, and
immediately prior to retirement, death or termination was in a job grade of 19 or above, or 
 (4) on or after August 11, 2014, retires,
dies or terminates while covered under Plan I, and immediately prior to retirement, death or termination is in a job band of 35 or above, or an equivalent of such job bands as determined by the Company. 

Effective January 1, 2008, any employee who as of December 31, 2007 was a participant in Rule IC of Plan I and was in a job grade of 27 or above
(currently the equivalent of job band 70 or above), or an equivalent of such job grade as determined by the Company, was excluded from participation in this Excess Plan but became eligible under the Arconic Supplemental Pension Plan for Senior
Executives (prior to August 1, 2016 named the Alcoa Supplemental Pension Plan for Senior Executives). Effective August 1, 2016, “Participant” shall not include any person who is a participant in the Alcoa USA Corp. Nonqualified
Supplemental Retirement Plan C. 
 “Pension Service” means the service used to calculate the Participant’s monthly retirement
benefit under Plan I. 
 “Plan I” means Arconic Retirement Plan I (prior to August 1, 2016 named Alcoa Retirement Plan
I). 
 “Reduced Average Final Compensation” means Average Final Compensation which is calculated by reducing each year’s
Annual Compensation used by one-half of the amount, if any, received by a Participant from the Incentive Compensation Plan and the Performance Pay Plan of the Company. 

“Retirement” or “Retires” means the termination of employment after attainment of a specified age and specified service as
determined under Normal or Early Retirement type under the Plan I Rules or Excess B. Notwithstanding the foregoing, “Retirement” also includes termination of active employment under a Disability Retirement under Plan I Rules, and such
disability must also comply with Section 409A of the Code and the regulations promulgated thereunder for purposes of this Excess Plan. “Retirement” shall also mean any retirement as may be defined under any executive severance agreement
entered into between the Company and a Participant to the extent it otherwise complies with termination of employment for purposes of Section 409(A) of the Code. 

“Short Term Applicable Rate of Interest” shall mean the rate prescribed for January of the year of retirement under Section 1274(d)
of the Code. 
 “Specified Employee” means an employee as defined under written guidelines adopted by the Company, which comply
with Section 409A of the Code and any regulations promulgated thereunder. 
 “Subsidiary” means a corporation at least 50% of
whose outstanding voting stock is owned or controlled by the Company and/or one or more other Subsidiaries, and any non-corporate business entity in which the Company and/or one or more other Subsidiaries have
at least a 50% interest in capital or profits. Subsidiary shall not include Alcoa Corporation or Alcoa USA Corp. 
 “Surviving
Spouse” means a deceased Participant’s spouse who is entitled to receive surviving spouse benefits under Plan I or Excess B. For any Participant retiring with a benefit under this Excess Plan on or after January 1, 2012, the term
Surviving Spouse in the Plan will include a Surviving Domestic Partner as defined in Plan I who is designated as a beneficiary under Plan I. 

  
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 ARTICLE II - BENEFITS 

2.1 Effective January 1, 2008, the benefit payable under this Excess Plan to a Participant who retires or terminates with a vested benefit on or after
January 1, 2008 under Plan I - Rules IC, ID, IE, IF, IG, IH, IM, IN, IP or Excess B as it relates to the foregoing Rules, is equal to the portion of pension benefits in pay status that would have been payable had Plan I used Annual Compensation
in determining the pension benefit, without regard to Section 401(a)(17) of the Code. The pension otherwise payable under this Excess Plan will be subject to offsets for payments made from Other Plans. 

Effective at the close of business on December 31, 2011, Plan I, Rule IC was amended to stop future accruals of age and service for
purposes of calculating the amount of a 70/80 Retirement or a Rule of 65 Retirement for any Participant in a job grade 19 (the equivalent of job band 35) or above on October 1, 2012. Effective January 1, 2012, this Excess Plan was amended
to provide a 70/80 Retirement for age and service accrued on or after January 1, 2012, including any applicable Supplemental Pension (as such terms are described under Plan I, Rule IC), for any such impacted Participant who meets the age,
service and other contingent eligibility requirements for such Retirement and Supplement on or after that date under this nonqualified Plan; subject to any offset for 70/80 Retirement made under Rule IC (including an offset for any 70/80 Retirement
provided due to a Change in Control). 
 2.2 Notwithstanding the foregoing Section 2.1, the following formulas continued to apply through
December 31, 2012, for anyone who is a Participant as of December 31, 2007. Effective December 31, 2012, the formulas were frozen as to any additional accruals. Anyone who became a Participant after December 31, 2007, will only
receive accruals under Section 2.1, and is ineligible for the following formulas: 
 A. FORMULA 1 - 

(1) for participants who retire on or after January 1, 1989 and are eligible under Plan I - Rules IC, ID, IE, IF, IG, or IH, or Excess B
as it relates to the foregoing Rules, the portion of pension benefits in pay status that would have been payable for that month to a Participant under Plan I at the time Pension Service terminates, had Plan I used Annual Compensation in determining
the pension benefit; however, Annual Compensation is subject to the limits provided for in Section 401(a)(17) of the Code through 1993, and $250,000 thereafter, or 

(2) for participants who retire under Plan I – Rules IM, IN, or IP, or Excess B as it relates to Rules IM, IN, or IP, the portion of
pension benefits in pay status that would have been payable for that month to a Participant under Plan I at the time Pension Service terminates, had Plan I used Annual Compensation in determining the pension benefit, without regard to Section
401(a)(17) of the Code. 
 B. FORMULA 2 - for participants who retire on or after January 1, 1989, and are eligible under Plan
I, Rule IC, or Excess B as it relates to Rule IC, the amount of pension benefits which would have been payable to the Participant using the formula contained in Plan I, Rule IC, effective December 31, 1988, had Plan I, Rule IC used Annual
Compensation in determining the pension benefit, or 
 C. FORMULA 3 - for participants who retire on or after January 1, 1989
under Plan I, Rule IC, or Excess B as it relates to Rule IC, one-twelfth of the following: 
 (1) a.
1.7% of Reduced Average Final Compensation for each year of Pension Service up to 30 years, plus 
 b. 1.3% of Reduced
Average Final Compensation for each year of Pension Service in excess of 30, less 
 c. the projected earnings Social
Security offset as defined in Plan I, Rule IC as of December 31, 1988, 

  
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 less the amount determined in the following paragraph (2) a. and b, or (3) a. and b.,
as applicable. 
 (2) a. for Participants who retire prior to attaining age 62 on any type of pension provided under Plan I, Rule IC, or
pension equivalent under Excess B as it relates to Rule IC (other than a 55/10 pension or deferred vested pension), a reduction which equals one percent (1%) for each year, and prorated monthly for a partial year, said retirement precedes age 62,
times the amount calculated in the foregoing paragraph (1), plus 
 b. any and all applicable reductions and offsets in
accordance with the provisions of Plan I, Rule IC, or of Excess B as it relates to Rule IC, (i.e., actuarial reductions and any other percentage reduction made in order to create a joint and survivor annuity). 

(3) a. for Participants who retire prior to attaining age 62 on a 55/10 pension or deferred vested pension, the Plan I, Rule IC, actuarial
reduction to provide for payment prior to age 62, times the amount calculated in the foregoing paragraph (1), plus 
 b. any
and all applicable reductions and offsets in accordance with the provisions of Plan I, Rule IC, or Excess B as it relates to Rule IC (i.e., actuarial reductions and any other percentage reduction made in order to create a joint and survivor
annuity). 
 D. The pension otherwise payable under Formulas 1, 2 or 3 will be subject to offsets for payments made from Other Plans. 

2.3 A benefit payable under this Excess Plan to the Surviving Spouse: 

A. of a deceased retiree, will be 50% of the pension payable to the retiree on the retiree’s date of death, subject to offset for
payments made from Other Plans. 
 B. of an employee who dies while accruing Pension Service, will be 50% of the pension calculated under
paragraph 2.1, (or if applicable, the greater of: Formula 1, Formula 2 or Formula 3 (excluding paragraphs 2.2 C. (2), as applicable) on the employee’s date of death, subject to the offset for payments made under Other Plans. 

C. of an employee who terminates with only rights to a deferred vested pension, will be 50% of the pension calculated under paragraph 2.1, (or
if applicable, the greater of Formula 1, Formula 2 or Formula 3, as applicable) on the date that the employee’s Pension Service is terminated, subject to the offset of payments made under Other Plans. 

2.4 Where the benefits under the Other Plans are not payable solely in the form of monthly pension benefits over the same time period, the Committee will, if
necessary, adjust the benefits payable under this Excess Plan so that the Participant or Surviving Spouse is neither advantaged nor disadvantaged for pension purposes. 

2.5 Benefits payable to a Participant who retires or to a Surviving Spouse under this Excess Plan in conjunction with benefits payable under any specific
Other Plans will commence concurrently with benefits payable to said Participant or Surviving Spouse under such Other Plans. Upon the cessation of payment of benefits to a Participant or Surviving Spouse under any Other Plans, benefits payable under
this Excess Plan in conjunction with benefits payable under said Other Plans will concurrently cease. 
 2.6 This Excess Plan will not be construed as
conferring any rights upon any Participant for continuation of employment with the Company or any Subsidiary, nor will it interfere with the rights of the Company or Subsidiary to terminate the employment of any Participant and/or to take any
personnel action affecting any Participant without regard to the effect which such action might have upon such Participant as a prospective recipient of benefits under this Excess Plan. 

  
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 2.7 No benefit under this Excess Plan may be assigned, transferred, pledged or encumbered or be subject in any
manner to alienation or anticipation, except that any exceptions to the non-alienation provisions in Plan I, will also apply to benefits hereunder. 

2.8 Notwithstanding the foregoing provisions of this Article II, effective January 1, 2009, all Benefits not in pay status, will be payable in monthly
installments as provided below: 
 a. Benefits will be payable commencing on the last day of the month of 

i) a Participant’s Retirement, or 

ii) to the extent the Participant is not eligible for Retirement, but is otherwise vested in Plan I, the later of: 

x) termination of vesting service as provided in Plan I, or 

y) attainment of age 55, or 

z) such other date as irrevocably elected in writing by the Participant prior to December 31, 2008. 

b. Notwithstanding the foregoing, to the extent the Participant is a Specified Employee, such monthly installment will commence on the last day
of the seventh month following the date determined in a. above, and will be paid retroactively to the date determined in a. above, and will include interest accrued on the missed payments. “Interest” means the interest calculated using the
Short Term Applicable Rate of Interest in effect as of January of the year of retirement. 
 c. The determination of any Benefit payable with
respect to Participant who Retires pursuant to the terms of an executive severance agreement, will include any service credit provided by such agreement for purposes of determining vesting and eligibility, but not benefit accrual. 

d. i) The form of payment of Benefit paid to a Participant who has a Surviving Spouse as defined under Plan I, is a joint and survivor annuity,
in which the Participant’s Benefit paid during his or her lifetime is reduced, and an amount equal to 50% of the Benefit amount received by the Participant is paid to the Surviving Spouse. There are no optional forms of payment or Qualified
Optional Survivor Annuities (as that term is described in Plan I) under this Excess Plan. 
 To the extent a Participant dies
before his or her payments have begun, payments to the Surviving Spouse will be as follows: 
 1) If the Participant was a
Participant in Rule IM of Plan I, and dies while accruing pension service, the survivor annuity under this Excess Plan will begin the later of: a) the month following the Participant’s death or b) the month after the Participant would have
turned age 55. 
 2) If the Participant was a Participant in Rule IC or Rule IN of Plan I, and dies while accruing pension
service, the survivor annuity under this Excess Plan will begin the month following the Participant’s death. 
 3) If
the Participant dies after pension service has terminated, the survivor annuity under this Excess Plan will begin the later of: the month following the Participant’s death or the month after the Participant would have turned age 55. 

ii) The form of payment of Benefits paid to a Participant who has no Surviving Spouse on the date payment of Benefits commence
is a single life annuity as described in Plan I. 

  
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 e. If a Participant is receiving payments under this Excess Plan and is subsequently reemployed
by the Company, payments under this Excess Plan shall continue regardless of the cessation of the Participant’s monthly Pension payments due to such reemployment under Plan I. 

2.9 Notwithstanding any provision to the contrary in this Excess Plan, if at any time the present value of a Participant’s nonqualified benefits under
all nonqualified defined benefit plans of the Company, not otherwise payable under the provisions of the Plan, shall be equal to or less than the Code Section 402(g) limit in effect at the time of any payment event (for 2016, $18,000 or less and as
adjusted from time to time by the Internal Revenue Service), the Company may, in the sole and absolute discretion of the Company, elect to distribute the entire benefit to the Participant in the form of a lump sum payment, in lieu of any other
benefit payable under the Plan. The present value shall be determined by the Company, in the Company’s sole and absolute discretion, using reasonable actuarial assumptions. The distribution of the lump sum shall be made as soon as reasonably
practicable, but no later than ninety (90) days after a payment event or two and one-half (2  1⁄2) months after
the year of the payment event, whichever is later. This payment shall extinguish any and all liability under this Excess Plan and any and all the plans from which the lump sum is provided. 

ARTICLE III - CONTRIBUTIONS 
 3.1 Benefits
payable hereunder will be payable out of general assets of the Company or a participating Subsidiary, and no segregation of assets for such benefits will be made. The right of a Participant or a Surviving Spouse to receive benefits under this Excess
Plan will be an unsecured claim against said assets. 
 ARTICLE IV - ADMINISTRATION OF EXCESS PLAN 

4.1 The general administration of this Excess Plan will be by the Committee. The Committee’s discretion with respect to this Excess Plan includes the
authority to determine eligibility under all provisions, correct all defects, supply all omissions, reconcile all inconsistencies in plan, ensure all benefits are paid in accordance to this Excess Plan, interpret plan provisions for all Participants
or Surviving Spouses, and decide all issues of credibility necessary to carry out and operate this Excess Plan. Benefits under this Excess Plan will be paid only if the Committee in its sole and absolute discretion decides that the applicant is
entitled to them. All actions, decisions, or interpretations of the Committee are conclusive, final, and binding. 
 ARTICLE V - AMENDMENT
AND TERMINATION 
 5.1 This Excess Plan may be amended, suspended or terminated at any time by the Board of Directors or any other entity approved by the
Board of Directors, including the Committee, provided, however, that no amendment, suspension or termination will reduce or in any manner adversely affect any Participant’s rights with respect to benefits that are payable or may become payable
under Article II hereof based upon said Participant’s Additional Compensation as of the date of such amendment, suspension termination. 

ARTICLE VI - CONSTRUCTION 
 6.1 This Excess Plan
will be construed, regulated and administered under the laws of the Commonwealth of Pennsylvania except as modified by any applicable law. 

ARTICLE VII- CHANGE IN CONTROL 

7.1 Provisions Upon Change in Control. Notwithstanding any other provision of the Plan, in the event of a Change in Control, as that term is defined in
Plan I, neither the Company, the Board of Directors, the Committee, or other designee of the Board of Directors, may, during the three-year period commencing on the date that the Change in Control occurs: 

a. Amend, modify, or terminate this Excess Plan, except to the extent as may be legally required by any law or regulations prescribed
thereunder, or any provision of the Code or any regulation prescribed thereunder; or 
 b. Reduce future Excess Plan benefits of any
Participant. 

  
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 ARTICLE VIII - CLAIMS AND APPEALS 

8.1 If a claim by a Participant or Surviving Spouse is denied in whole or in part, the Participant or Surviving Spouse, or their
representative will receive written notice from the plan administrator. This notice will include the reasons for denial, the specific Plan provision involved, an explanation of how claims are reviewed, the procedure for requesting a review of the
denied claim, and a description of the information that must be submitted with the appeal. The Participant or Surviving Spouse, or their representative, may file a written appeal for review of a denied claim to the Committee or its delegate. The
process and the time frames for the determination claims and appeals are as follows: 
  

	 	a.	The plan administrator reviews initial claim and makes determination within 90 days of the date the claim is received. 

  

	 	b.	The plan administrator may extend the above 90-day period an additional 90 days if required due to special circumstances beyond control of plan administrator. 

 

	 	c.	The Participant or Surviving Spouse, or their representative, may submit an appeal of a denied claim within 60 days of receipt of the denial. 

 

	 	d.	The plan administrator reviews and makes a determination on the appeal within 60 days of the date the appeal was received. 

  

	 	e.	The plan administrator may extend the above 60-day period an additional 60 days if required by special circumstances beyond the control of the plan administrator.

 8.2 In the case where the plan administrator requires an extension of the period to provide a determination on an initial
claim or an appeal, the plan will notify the Participant or Surviving Spouse, or their representative, prior to the expiration of the initial determination period. The notification will describe the circumstances requiring the extension and the date
a determination is expected to be made. If additional information is required from the Participant or Surviving Spouse, the determination period will be suspended until the earlier of i) the date the information is received by the plan administrator
or ii) 45 days from the date the information was requested. 
 8.3 Participants or Surviving Spouses, or their representative, who having
received an adverse appeal determination and thereby exhausted the remedies provided under the Excess Plan, proceed to file suit in state or federal court, must file such suit within 180 days from the date of the adverse appeal determination notice
or any right to file such suit will be permanently foreclosed. 

  
 - 7 -EX-10(p)

 Exhibit 10(p) 

ARCONIC DEFERRED COMPENSATION PLAN 

(as amended and restated August 1, 2016) 

The Arconic Deferred Compensation Plan (the “Plan”) has been adopted for the exclusive benefit of select management and highly
compensated employees (1) who are actively at work for the Company or a subsidiary on or after June 1, 1990, (2) who meet the requirements for participation hereunder, and (3) who are not in a collective bargaining unit. This Plan was
formerly referred to as the Alcoa Deferred Compensation Plan. Effective August 1, 2016, in anticipation of its separation into two separate publicly-traded companies, Alcoa Inc. separated this Plan into two separate plans: this Plan and the
Alcoa USA Corp. Deferred Compensation Plan. No person is entitled to a benefit under both plans. 
 The purposes of this Plan are to promote
the growth and profitability of the Company, to attract and retain employees and to provide eligible employees with certain benefits under the terms and conditions as set forth herein. In order to enhance the benefits provided under this Plan it was
amended and restated effective October 30, 1992. All Credits in Participants’ accounts as of December 31, 2004, including any Earnings Credits thereon after December 31, 2004, shall continue to be subject to all Plan provisions
in effect as of that date. 
 Effective January 1, 2009, the AFL Deferred Compensation and Excess Plan, (which was created by the
merger of the Alcoa Fujikura Ltd. Telecommunications Division Deferred Compensation Plan and Alcoa Fujikura Ltd. Deferred Compensation Plan effective January 1, 1993) (“AFL Plan”) was merged into this Plan and this Plan was the
surviving plan. All Pre-2005 Credits from the AFL Plan and earnings thereon continued to be treated as Pre-2005 Credits under this Plan. All Post-2004 Credits from the AFL Plan and earnings thereon, including
all account balances of any Participant with less than three (3) years of Continuous Service as of January 1, 2005, are treated as Post-2004 Credits under this Plan. 

This Plan was amended and restated effective August 1, 2016 to incorporate all amendments to the Plan to date and to reflect the
separation of the Plan into this Plan and the Alcoa USA Corp. Deferred Compensation Plan. 
 ARTICLE I - DEFINITIONS 

1.1 The following terms have the specified meanings. 

“Additional Salary Reduction Credits” means any amounts deemed to be credited to a Participant’s account equivalent to the
dollar amount by which a Participant elected to reduce his or her salary up to a whole percentage of not more than 14%. Effective June 1, 1995, a Participant who is authorized by the Committee may elect to reduce his or her salary up to a whole
percentage of not more than 20%. Effective January 1, 2011, a Participant who is authorized by the Committee may elect to reduce his or her salary up to a whole percentage of not more than 25%; provided however that a Participant who has
elected and is contributing a portion of his or her Salary under the Savings Plan, may not elect to defer any percentage of said Salary as an Additional Salary Reduction Credit under this Plan, except as otherwise provided in Section 3.2 but
only up to the foregoing limitation. In no circumstance shall any portion of an Employee’s sales incentive payments be included for the preceding purposes. 

“Affiliate” means any corporate or non-corporate business entity which the Company and/or
one or more Subsidiaries control in fact. Affiliate excludes all subsidiaries of Alcoa Upstream Corporation. 
 “Award Year” means
the calendar year for which awards are made under the provisions of the Incentive Compensation Plan. 
 “Award Date” means
February of the calendar year following the Award Year except as may be otherwise designated in accordance with the provisions of the Incentive Compensation Plan. 

 “Beneficiary” means the person or persons designated in writing by a Participant, in
accordance with Article VIII of this Plan, to receive benefits in the event of the Participant’s death. Beneficiary also includes any person or persons designated in writing by a Participant’s Beneficiary, to receive benefits in the event
of the Participant’s Beneficiary’s death. 
 “Board” means the Board of Directors of the Company or any duly authorized
committee thereof. 
 “Code” means the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder. 

“Committee” means the Benefits Management Committee of the Company, administrative committee that has complete authority to control
and manage the operation and administration of this Plan. 
 “Company” means Alcoa Inc. It is contemplated that Alcoa Inc. will
formally change its corporate name to Arconic Inc. in the second half of 2016. 
 “Company Stock” means Company Stock as defined
in the Savings Plan. 
 “Continuous Service” means, except as modified by the balance of this definition, the period of continuous
employment with the Company, Subsidiary or Affiliate, either as a salaried employee or as an hourly-rated employee, subject to such rules as may be adopted from time to time by the Committee. Continuous Service shall terminate upon any quit,
dismissal, discharge or any other termination of employment with the Company, Subsidiary or Affiliate; any determination by the Committee that employment with these entities has terminated shall be conclusive. Continuous Service upon reemployment
does not include any Continuous Service accrued prior to a termination of Continuous Service, except that if a Participant’s Continuous Service is terminated by reason of Retirement, Continuous Service at the time of such termination shall be
reinstated upon the date of his or her reemployment with the Company, a Subsidiary or Affiliate. Effective January 1, 2009, absences from such employment due to inactive status, sick leave, leave of absence or layoff shall constitute a
termination of Continuous Service after such status has continued for 6 months, except to the extent the Participant has the legal right to be reemployed either through contract or statute. Effective as of July 1, 1998 all years of service
accrued with Alumax, Inc. or any of its subsidiaries (“Alumax”) on and after June 16, 1998, by any Participant who was actively employed with Alumax on June 16, 1998, will be taken into account to determine Continuous Service.

 “Credits” means the Salary Reduction Credits, Additional Salary Reduction Credits, Incentive Compensation Deferral Credits,
Employer Contribution Credits, Excess D Deferral Credits and Matching Company Credits credited to a Participant’s account with a deemed value equivalent to the unit value of the Investment Option in which each Credit is deemed to be invested.
In no circumstance shall any portion of an Employee’s sales incentive payments be included for the preceding purposes. 

“Earnings Credits” mean: 

(a) the interest deemed to be credited to the accounts of Participants in the Equivalent Fixed Income Investment Fund, 

(b) the amount of the increase or decrease in the deemed value of Participant’s investments in the Equivalent Equity
Investment Fund, and 
 (c) the deemed amount of dividends received, and gain or loss realized on, Equivalent Company Stock.

 “Eligible Employee” means any employee who is a member of the group of select management and highly compensated
employees, who on or after June 1, 1990 is actively at work for the Company, a Subsidiary or Affiliate, has a job grade of 19 or higher, as determined by the Company, is not in a collective bargaining unit, and (a) who is eligible for
participation in the Savings Plan, or (b) who on or after January 1, 1999 is eligible to 

  
 2 

 
participate in the Alumax Inc. Thrift Plan for Salaried Employees and is named as an Eligible Employee by the Executive Vice President - Human Resources, as previously identified, or (c) who
on or after May 3, 2000 is a Reynolds Metals Company employee and is eligible for Incentive Compensation. Such Alumax eligible employees will be eligible to make Salary Reduction Credits and/or Incentive Compensation Deferral Credits, in
accordance with this plan, as previously identified, or (d) who is a participant in the Howmet Deferred Compensation Plan, and has elected to transfer their account balance in that plan to this Plan prior to December 1, 2007. Effective
January 1, 2013, only employees, who are in a job grade 21 or higher or effective August 11, 2014, employees who are in a job band of 40 or higher (or under a comparable level of compensation band), as determined by the
Company, are eligible to participate in the Plan. All Credits, including Earnings Credits in the accounts of former Eligible Employees who are not in a job grade of 21 or higher or effective August 11, 2014, a job band of 40 or higher (or under
a comparable level of compensation band) will continue to be maintained under all Plan provisions. 
 “Employer Contribution
Credits” means an amount deemed to be equivalent to the dollar amount that otherwise would have been contributed by the Company to the Participant’s account under the Savings Plan as either a Discretionary Contribution, Restricted
Discretionary Contribution or an Employer Retirement Income Contribution, had the contribution under the Savings Plan not been limited by the Code’s limits on contributions to the Savings Plan. In no circumstance shall any portion of an
Employee’s sales incentive payments be included for the preceding purposes. 
 “Equivalent Company Stock” means the number of
shares of Company Stock deemed to be credited to a Participant’s account. 
 “Equivalent Equity Investment Fund” means the
phantom investment vehicle which is deemed to be equivalent in all respects, including value, to the Equity Investment Fund established under the Savings Plan. 

“Equivalent Fixed Income Fund” means the phantom investment vehicle which is deemed to be equivalent in all respects, including
value, to the Fixed Income Fund established under the Savings Plan. 
 “Excess D Deferral Credits” means any amounts on and after
January 1, 1993 deemed to be credited to a Participant’s account equivalent to the dollar amount which the Participant will have automatically credited to the Plan in accordance with the Company’s Employees’ Excess Benefits Plan
D. 
 “Incentive Compensation Plan” means the Incentive Compensation Plan of the Company, and effective January 1, 1997 the
Management Incentive Program of Alcoa Building Products for employees in Job Grades 19 and above. 
 “Incentive Compensation Deferral
Credits” means any amounts deemed to be credited to a Participant’s account on the applicable Award Date equivalent to the percentage that the Participant has elected to defer from an award which he or she is eligible to receive under the
Company’s Incentive Compensation Plan for the 1991 Award Year or any later Award Year. Any such deferrals must be in an amount equal to 25%, 50%, 75%, or 100% of such award. 

“Investment Options” means the phantom investment vehicles established hereunder for either Salary Reduction Credits, Additional
Salary Reduction Credits, Matching Company Credits, Incentive Compensation Deferral Credits, Employer Contribution Credits, and/or Excess D Deferral Credits with reference to the equivalent investment options under the Savings Plan, or any other
such equivalent investment option added to the Savings Plan after January 1, 1993 unless otherwise determined by the Committee. 

“Matching Company Credits” means an amount deemed to be equivalent to the dollar amount that otherwise would have been contributed
by the Company to the Participant’s account under the Savings Plan, had the Participant elected to contribute to the Savings Plan an amount equivalent to the Participant’s elected Salary Reduction Credits under this Plan and the
Participant’s contribution under the Savings Plan had not been limited by the Code’s limits on contributions to the Savings Plan. In no circumstance shall any portion of an Employee’s sales incentive payments be included for the
preceding purposes. 

  
 3 

 “Other Plan” means any cash or deferred arrangements established under Section 401(k)
of the Code, other than the Savings Plan, under which a Participant may elect to have a portion of his or her Salary reduced. 

“Participant” means any Eligible Employee who commences participation in this Plan as provided in Article II. Effective
August 1, 2016, “Participant” shall not include any person who is a participant in the Alcoa USA Corp. Deferred Compensation Plan or who is employed by any subsidiary of Alcoa Upstream Corporation (including but not limited to Alcoa
USA Corp. and Reynolds Metals Company LLC). 
 “Plan” means the Arconic Deferred Compensation Plan, adopted by the Company as
described herein or as from time to time hereafter amended. 
 “Post-2004 Credits” means Salary Reduction Credits, Additional
Salary Reduction Credits, Incentive Compensation Deferral Credits, and Matching Company Credits credited to a Participant’s account on and after January 1, 2005, including any Earnings Credits on such amounts. Notwithstanding anything
herein to the contrary, Post-2004 Credits also include all Credits of any Participant with less than three (3) years of Continuous Service as of January 1, 2005. In no circumstance shall any portion of an Employee’s sales incentive
payments be included for the preceding purposes. 
 “Retirement” means termination of employment after either: 

 

	 	(a)	becoming eligible for a normal or early Retirement type under a qualified pension plan of the Company, a Subsidiary or Affiliate; or 

 

	 	(b)	if not eligible to participate in a qualified pension plan pursuant to the above subsection (a) , attaining either: 

(i) age 55 and completing 10 or more years of Continuous Service; or 

(ii) age 65 and completing three or more years of Continuous Service. 

“Salary” means “Eligible Compensation” as defined in the Savings Plan or “Compensation” as defined in the Alumax
Inc. Thrift Plan for Salaried Employees, as applicable, without regard to the limitations imposed by Section 401(a)(17) of the Code. In no circumstance shall any portion of an Employee’s sales incentive payments be included for the preceding
purposes. 
 “Salary Reduction Credits” means any amounts deemed to be credited to a Participant’s account equivalent to the
dollar amount by which a Participant elected to reduce his or her Salary by a whole percentage of not more than 6%; provided, however, a Participant who has elected and is contributing a portion of his or her Salary under the Savings Plan, may not
elect to defer any percentage of said Salary as a Salary Reduction Credit under this Plan except as otherwise provided in Section 3.2 but only up to the foregoing limitation. In no circumstance shall any portion of an Employee’s sales
incentive payments be included for the preceding purposes. 
 “Savings Plan” means the Arconic Salaried Retirement Savings Plan,
the Arconic Hourly Non-Bargaining Retirement Savings Plan, and/or the Arconic Fastener Systems and Rings Retirement Savings Plan, as they are now in existence or as hereafter amended. 

“Specified Employee” means a “specified employee” as defined under written guidelines adopted by the Company, which comply
with Section 409A of the Code and any regulations promulgated thereunder. 
 “Subsidiary” means a corporation at least 50% of
whose outstanding voting stock is owned or controlled by the Company and/or one or more other Subsidiaries, and any non-corporate business entity in which the Company and/or one or more other Subsidiaries have
at least a 50% interest in capital or profits. Subsidiary excludes all subsidiaries of Alcoa Upstream Corporation. 

  
 4 

 “Year of Plan Participation” means any 12-month
period extending from the first day of the month a Participant begins participation in the Savings Plan and/or this Plan if the Participant has maintained an account in the Savings Plan and/or this Plan for such
12-month period. 
 ARTICLE II - PARTICIPATION 

2.1 An Eligible Employee shall commence participation in this Plan upon the first day of his or her first full payroll period following the
receipt of his or her application or request for participation by the Company or its designee. Such Eligible Employee may only become a Participant after executing the appropriate form for authorizing payroll deductions from his or her Salary and
for selecting investment options. An Eligible Employee shall also commence participation on the Award Date applicable to the portion of any award which he or she is eligible to receive under the provisions of the Incentive Compensation Plan and has
deferred for the 1991 Award Year or any later Award Year, or on such date that his or her account would have been credited with Excess D Deferral Credits. If a Participant ceases to participate in this Plan as a result of the transfer of such
Participant’s employment to a company whose employees participate in the Alcoa USA Deferred Compensation Plan (“Alcoa USA Plan”) after August 1, 2016, but before the date of the legal separation of Alcoa Inc. into two
separate publicly traded companies (Arconic Inc. and Alcoa Corporation) (the “Separation Date”), the account balance of such Participant shall automatically be transferred from this Plan to the Alcoa USA Plan and such person shall cease to
be a Participant. If a participant in the Alcoa USA Plan transfers employment to the Company (or an Affiliate or Subsidiary) after August 1, 2016, but before the Separation Date, the Alcoa USA Plan account balance of such Participant shall be
accepted by this Plan. 
 ARTICLE III - PARTICIPANT DEFERRALS 

3.1 Commencing January 1, 1993 a Participant may by proper election reduce his or her Salary each month in an amount up to, but not more
than 6% of his or her Salary, which shall be deemed to be credited to his or her account as Salary Reduction Credits. Whether or not the Participant elects any Salary Reduction Credits, Participant may by proper election reduce his or her Salary
each month in an amount up to, but not more than 14% of said Salary, which shall be credited to his or her account as Additional Salary Reduction Credits. Effective June 1, 1995, the figure 14% in the foregoing sentence is revised to read 20%
for Participants whose Additional Salary Reduction Credit limitation has been increased to 20% by the Committee. 
 A Participant may change
a previously elected percentage of Salary reduction or terminate further deferrals in this Plan effective for the first full payroll period following the date the Company or its designee is advised of such request either orally or in writing in
accordance with uniform rules established by the Committee. Effective January 1, 2005, elections for salary reductions must be received by the Plan in the year before such salary is earned, and such election is irrevocable. Effective
January 1, 2011, the figure 20% in the foregoing sentence is revised to read 25% for Participants whose Additional Salary Reduction Credit limitation has been increased to 25% by the Committee. 

3.2 In accordance with uniform rules established by the Committee, Salary Reduction Credits and Additional Salary Reduction Credits shall be
deemed to be credited to the Participant’s account equivalent to the amount by which the Participant’s Salary is reduced in each category. 

Effective January 1, 2013, only Eligible Employees, including any promotions, new hires or rehires on or after that date, who are in a
job band of 60 or above (or under a comparable level of compensation band and formerly job grade 25) at the time of election may elect or remove a “spill over” election. From that date forward, an Eligible Employee who is in a job band 60
or above (or under a comparable level of compensation band and formerly job grade 25), who has elected and is contributing a portion of his or her Salary under the Savings Plan, but has been limited by Code limits on their contributions to the
Savings Plan, and who has elected to make a “spill-over” election to this Plan will be credited with Salary Reduction Credits or Additional Salary Reduction Credits, as applicable, up to the amount that their election to the Savings Plan
was limited. An Eligible Employee, who is in a job band 50 (or under a comparable level of compensation band and formerly job grade 24) on or after January 1, 2013 will not be eligible to elect a “spill-over” election. Notwithstanding
the forgoing, any Participant who was in a job band 50 (formerly job grade 24), and who was eligible to make a “spill-over” election to this Plan, on December 31, 2012, will remain eligible to do so in the future as long as they have
not incurred a severance from service. 

  
 5 

 3.3 Commencing for the 1991 Award Year and later Award Years a Participant who by proper election
has deferred under the Incentive Compensation Plan all or a portion of an award which he or she is eligible to receive under said Plan, shall have his or her account deemed to be credited with Incentive Compensation Deferred Credits in an amount
equal to the amount of such deferral. Effective January 1, 2005, such Incentive Compensation Deferral Credit elections must be received by the Plan at least 6 months before the end of the year in which they are earned, and such election is
irrevocable. 
 3.4 Excess D Deferral Credits shall be credited to Participants’ accounts as applicable. 

3.5 A Participant who is authorized by the Committee and who by proper election has deferred the receipt of any “special payments”
(as determined by the Company), shall have his or her account credited in an amount equal to the amount of such deferral. Such special payment credits shall be treated as Incentive Compensation Deferral Credits. Participant elections related to the
deferrals of “special payments,” which were elected prior to the Participant’s termination of Continuous Service, will be credited to the Participant’s Plan account at the time payment would otherwise have been made. Payments in
2001 under the Performance Enhancement Reward Program will be treated as “special payments” under this plan. 
 3.6 Effective as
of May 1, 2008, to the extent the Company agrees to contribute an amount(s) to a Participant’s account pursuant to an employment agreement approved by the Compensation Committee of the Board, the Participant shall have his or her account
credited with such amount(s). Any vesting contingencies related to such amount(s) that are provided for in such employment agreement will continue to apply to any such amount(s) pursuant to the terms of such employment agreement. Except for the
vesting contingencies, which will continue to apply, any such contributed amount(s) will be treated the same as an Employer Contribution Credit. 

ARTICLE IV - MATCHING COMPANY CREDIT 

4.1 A Participant who has elected to reduce his or her Salary under this Plan shall have his or her account deemed to be credited with
Matching Company Credits for which he or she is eligible. 
 Effective April 1, 2009, no Matching Company Credits will be deemed to be
credited to any Participant account under this Plan. Effective February 1, 2010, Matching Company Credits equivalent to the dollar amount that otherwise would have been contributed by the Company to the Participant’s account under the
Savings Plan on or after February 1, 2010 will again be deemed to be credited to Participant accounts under this Plan. 
 ARTICLE
V – INVESTMENTS 
 5.1 (a) Employer Contribution Credits, Salary Reduction Credits, Additional Salary Reduction Credits, Excess
D Deferral Credits and Incentive Compensation Deferral Credits shall be deemed to be invested in 1% increments, at the election of the Participant, in one or more of the Investment Options. A Participant may change his or her investment election,
effective for the first full payroll period following the date the appropriate direction has been properly received by the Company or its designee, in accordance with uniform rules established by the Committee. 

(b) Matching Company Credits shall be deemed to be invested in the phantom investment vehicle which is equivalent to the investment vehicle
under the Savings Plan in which the Company’s matching contributions to Participants’ accounts are invested. 
 ARTICLE VI -
CREDIT CONVERSION 
 All Credits and Earnings Credits in a Participant’s account on October 30, 1992 shall be converted to
the applicable Investment Option in accordance with the conversion of investments in the Savings Plan as in effect on October 30, 1992, and shall thereafter be contingently credited by reference to the unit value of the Investment Options. 

  
 6 

 ARTICLE VII - TRANSFER OF CREDITS 

7.1 (a) A Participant may, by appropriate direction which is properly received by the Company or its designee, in accordance with uniform
rules established by the Company, elect to transfer in increments of 1% or $1.00 all or part of the deemed value of his or her Salary Reduction Credits, Additional Salary Reduction Credits, Incentive Compensation Deferral Credits, Matching Company
Credits, Excess D Deferral Credits, except as may be limited by the Committee, from any one or more investment Options to any one or more other such Investment Options. Such a transfer may be made daily. 

(b) Effective Date of Transfer. The effective date of any transfer under paragraph (a) above shall be the date for which the Appropriate
Direction to the Company or its designee has been properly received in accordance with uniform rules established by the Company. 
 (c)
Notwithstanding the foregoing, upon a Participant’s termination of employment, for any reason other than Retirement, he or she may not elect to transfer any part of his or her Salary Reduction Credits, Additional Salary Reduction Credits,
Matching Company Credits, Incentive Compensation Deferral Credits, Excess D Deferral Credits and Earnings Credits from the investment vehicle in which such Credits were deemed to be invested on the date employment was terminated, to any other
investment vehicle. 
 (d) The Company reserves the right to refuse to honor any Participant direction related to investments or
withdrawals, including transfers among investment options, where necessary or desirable to assure compliance with applicable law including U.S. and other Securities laws. However, the Company does not assume any responsibility for compliance by
officers or others with any such laws, and any failure by the Company to delay or dishonor any such direction shall not be deemed to increase the Company’s legal exposure to the Participant or third parties. 

ARTICLE VIII - DISTRIBUTIONS 

8.1 Except as otherwise specified in this Article VIII, the amount of Credits in a Participant’s account shall be distributed to the
Participant upon his or her termination of Continuous Service, unless the Participant has the legal right to be reemployed either through contract or statute. 

Effective September 1, 2000, any transfer of employment to a subsidiary or affiliate in which the Company and/or any one or more
Subsidiaries have at least a 20% ownership interest will not be considered a termination in Continuous Service for purposes of this Article VIII - Distributions. 

Effective June 1, 2007, Participants, whose employment is with such a subsidiary or affiliate of the Company in which the Company and/or
any one or more Subsidiaries have at least a 20% ownership interest but less than a majority ownership interest, must notify the Company upon his or her termination of Continuous Service with such subsidiary or affiliate. Notwithstanding the
foregoing, any contributions made pursuant to Section 3.6 will be subject to the vesting contingencies related thereto. 
 8.2 All
distributions made pursuant to the termination of the Participant’s Continuous Service by reason other than death or Retirement shall be paid to the Participant as soon as administratively practical in a lump sum. All distributions of Post-2004
Credits made pursuant to the termination of the Participant’s Continuous Service by reason other than Retirement, or to the extent such Post-2004 Credits are valued equal or less than $50,000, shall be paid to the Participant as soon as
administratively practical in a lump sum. The term “as soon as administratively practical” for purposes of this paragraph means within the later of: (a) 90 days of Retirement or termination or (b) 2
 1⁄2 months after the year of Retirement or termination. 

8.3 For Pre-2005 Credits, prior to his or her Retirement date, a Participant may elect that the value
of his or her account be distributed either in a lump sum at Retirement or in annual installments of any number 

  
 7 

 
designated by the Participant up to, but not more than ten (10) following his or her Retirement, commencing the January 31 of the first calendar year following such Retirement and each
January 31 thereafter until he or she has received all installments. A Participant’s election to receive installments must be made at least 6 months prior to his or her Retirement date. The Participant’s election to receive either a
lump sum or annual installments shall become irrevocable 6 months prior to the Participant’s Retirement date, or at such other time as may be approved by the Committee. In the event the Participant fails to make such an election, all amounts in
his or her account shall be distributed as a lump sum distribution as soon as administratively practical after his or her Retirement. All distributions of Post-2004 Credits made pursuant to the termination of the Participant’s Continuous
Service by reason of Retirement and to the extent such Post-2004 Credits are valued more than $50,000, shall be paid to the Participant in ten (10) annual installments, unless the Participant made an irrevocable election for a different
distribution option as of the later of: i. June 30, 2005 or ii. within 30 days after becoming a Eligible Participant. The term “as soon as administratively practical” for purposes of this paragraph means within the later of: (a) 90
days of Retirement or (b) 2  1⁄2 months after the year of Retirement. 

If a Participant has irrevocably elected to receive annual installments following Retirement or is receiving annual installments, for either Pre-2005 or Post-2004 Credits, and is subsequently reemployed by the Company on or after January 1, 2009, such annual installments shall continue regardless of reemployment or reinstatement of Continuous
Service. Credits and Earnings Credits thereon accrued during the term of reemployment will be distributed separately upon subsequent termination. 

8.4 The Beneficiary under this Plan shall be the Participant’s spouse unless otherwise designated in writing by the Participant and such
other designated Beneficiary has been agreed to in writing by the Participant’s spouse on a form approved by the Committee. 

Distributions from this Plan to a Beneficiary shall be in a lump sum or in annual installments of any number designated by the Participant up
to, but not more than ten (10) following his or her death commencing the first January 31 after the Participant’s death and each January 31 thereafter until all installments have been distributed. 

In the event a Beneficiary dies prior to receiving all the annual installments which he or she is entitled to receive from this Plan, any
remaining installments will be distributed as soon as administratively practical in a lump sum to the Beneficiary’s designated Beneficiary, or if there is no designated Beneficiary, then to the Beneficiary’s estate, The term “as soon
as administratively practical” for purposes of this paragraph means within the later of: (a) 90 days of death or (b) 2  1⁄2 months after the year of
death. 
 8.5 This Plan shall not be construed as conferring any rights upon any Participant for continuation of employment with the
Company, Subsidiary or Affiliate, nor shall it interfere with the rights of the Company, Subsidiary or Affiliate to terminate the employment of any Participant and/or to take any personnel action affecting any Participant without regard to the
effect which such action may have upon such Participant as to recipient of benefits under this Plan. 
 8.6 No benefit under this Plan may
be assigned, transferred, pledged or encumbered or be subject in any manner to alienation or anticipation except as provided in a qualified domestic relations order. 

8.7 (a) Benefits payable hereunder shall be payable out of the general assets of the Company or a participating Subsidiary, and no segregation
of assets for such benefits shall be made. The right of a Participant or any Beneficiary to receive benefits under this Plan shall be an unsecured claim against said assets and shall be no greater than the rights of an unsecured general creditor to
the Company. Notwithstanding the foregoing, in the event the Company establishes a trust, to which it may, but shall not be required to contribute money or other property of the Company in contemplation of paying benefits under this Plan, such money
or other property shall remain subject to the claims of creditors of the Company. 
 (b) Notwithstanding any other provisions of this Plan,
if any amounts held in a trust of the above described nature are found, due to the creation or operation of said trust, in a final decision by a court of competent jurisdiction, or under a “determination” by the Internal Revenue Service in
a closing agreement in audit or a final 

  
 8 

 
refund disposition (within the meaning of Section 1313(a) of the Code), to have been includable in the gross income of a Participant or Beneficiary prior to payment of such amounts from said
trust, the trustee for the trust shall, as soon as administratively practicable, pay to such Participant or Beneficiary an amount equal to the amount determined to have been includable in gross income in such determination, and shall accordingly
reduce the Participant’s or Beneficiary’s future benefits payable under this Plan. The trustee shall not make any distribution to a Participant or Beneficiary pursuant to this paragraph 8.7(b) unless it has received a copy of the written
determination described above together with any legal opinion which it may request as to the applicability thereof. The term “as soon as administratively practical” in this Section means within the later of: (a) 90 days of the
trustee’s determination or (b) 2  1⁄2 months after the year of the trustee’s determination. 

8.8 To the extent a Participant is a Specified Employee, any distribution to the Participant, will be delayed until the first day of the
seventh month following the date that the distribution would otherwise have begun. Other than Earnings Credits, no other Credits will be applied to the Participant’s account during that time. 

ARTICLE IX - ADMINISTRATION AND EXPENSES OF THE PLAN 

9.1 The general administration of this Plan shall be by the Committee. The Committee’s discretion with respect to this Plan includes the
authority to determine eligibility under all provisions, correct all defects, supply all omissions, reconcile all inconsistencies in the Plan, ensure all benefits are paid in accordance to the Plan, interpret Plan provisions for all Participants or
Beneficiaries, and decide all issues of credibility necessary to carry out and operate the Plan. Benefits under this Plan will be paid only if the Committee in its sole and absolute discretion decides that the applicant is entitled to them. All
actions, decisions, or interpretations of the Committee are conclusive, final, and binding. 
 All costs and expenses incurred in
administering the Plan, including the expenses of the Committee, the fees and expenses of the Trustee, the fees and charges payable under the investment arrangements, and other legal and administrative expenses, shall be paid by the Plan.
Notwithstanding, for any Affiliate of which the Company owns less than an 80% interest as defined under Code Section 1504, the obligation of and liability for the deferred compensation benefits accrued under this Plan for Participants employed
by such an Affiliate, shall remain the sole obligation and liability of the Affiliate by express resolution of its board or other governing body. 

ARTICLE X - AMENDMENT AND TERMINATION 

10.1 This Plan may be amended, suspended or terminated at any time by the Board or any other entity approved by the Board, including the
Committee, provided that no such amendment, suspension or termination shall reduce or in any manner adversely affect any Participant’s or Board’s rights with respect to benefits that are payable or may become payable under this Plan based
upon said Participant’s Credits as of the date of such amendment, suspension or termination. 
 ARTICLE XI - CONSTRUCTION

 11.1 This Plan shall be construed, regulated and administered under the laws of the Commonwealth of Pennsylvania, including its
choice of law provisions and applicable statute of limitations. 
 ARTICLE XII - CLAIMS AND APPEALS 

12.1 If a claim by a Participant or Beneficiary is denied, in whole or in part the Participant or Beneficiary, or their representative will
receive written notice from the plan administrator. This notice will include the reasons for denial, the specific plan provision involved, an explanation of how claims are reviewed, the procedure for requesting a review of the denied claim, and a
description of the information that must be submitted with the appeal. The Participant or Beneficiary, or their representative, may file a written appeal for review of a denied claim to the Committee or its delegate. The process and the time frames
for the determination claims and appeals are as follows: 
 (a) The plan administrator reviews initial claim and makes determination within
90 days of the date the claim is received. 

  
 9 

 (b) The plan administrator may extend the above 90-day
period an additional 90 days if required due to special circumstances beyond control of plan administrator. 
 (c) The Participant or
Beneficiary, or their representative, may submit an appeal of a denied claim within 60 days of receipt of the denial. 
 (d) The plan
administrator reviews and makes a determination on the appeal within 60 days of the date the appeal was received. 
 (e) The plan
administrator may extend the above 60-day period an additional 60 days if required by special circumstances beyond the control of the plan administrator. 

12.2 In the case where the plan administrator requires an extension of the period to provide a determination on an initial claim or an appeal,
the Plan will notify the Participant or Beneficiary, or their representative, prior to the expiration of the initial determination period. The notification will describe the circumstances requiring the extension and the date a determination is
expected to be made. If additional information is required from the Participant or Beneficiary, the determination period will be suspended until the earlier of i) the date the information is received by the plan administrator or ii) 45 days from the
date the information was requested. 
 12.3 Participants or Beneficiaries, or their representative, who having received an adverse appeal
determination and thereby exhausted the remedies provided under the this Plan, proceed to file suit in state or federal court, must file such suit within 180 days from the date of the adverse appeal determination notice or any right to file such
suit will be permanently foreclosed. 

  
 10

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