Document:

Amendments to Alcoa Supplemental Pension Plan for Senior Executives

 Exhibit 10(u)(1) 
 AMENDMENT TO 
 ALCOA SUPPLEMENTAL PENSION PLAN FOR SENIOR EXECUTIVES 
 1.  Effective January 1, 2009, the following new definitions are added as follows: 
 “Specified Employee” means an employee as defined under written guidelines adopted by the Company, which comply with Section 409A of the
Internal Revenue Code and any regulations promulgated thereunder. 
 “Retirement” or “Retires” means the termination of
employment after becoming eligible for a Normal or Early Retirement type under Rule IC or Excess B. Notwithstanding the foregoing, to the extent a Participant is eligible for a Disability Retirement, such disability must also comply with
Section 409A of the Internal Revenue Code and the regulations promulgated thereunder for purposes of this Plan. “Retirement” shall also mean any retirement as may be defined under any executive severance agreement entered into between
the Company and a Participant. 
 “Short Term Applicable Rate of Interest” shall mean the rate prescribed for January of the year of
retirement under Section 1274(d) of the Internal Revenue Code. 
 2.  Section 2.1 is restated as follows: 
 2.1 All Excess Pensions will be payable to a Participant, or Surviving Spouse as described in Section 2.2. 
 3.  Section 2.2 is amended by adding the following after the first paragraph: 
 Effective January 1, 2009, all Excess Pensions not in pay status, will be payable in monthly installments as provided below: 
 a. Excess Pensions 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 an Other Plan, the later of: 
 x) termination of vesting service as provided in Rule IC, 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 Excess Pension 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. The form of payment of Excess Pension paid to a Participant
who has a Surviving Spouse as defined under Plan I Rules, is a joint and survivor annuity as described in Rule IC, in which the Participant’s Excess Pension paid during his or her lifetime is reduced, and an amount equal to 50% of the Excess
Pension 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 Rule IC) under this Plan. 
 e. The form of payment of Excess Pension paid to a Participant who has no Surviving Spouse on the date payment of Excess Pension commences is a single
life annuity as described in Rule IC.” 
 4.  A new Section 2.5 is added as follows: 
 “2.5 If a Participant is receiving payments under this Plan and is subsequently reemployed by the Company, payments under this Plan shall continue
regardless of the cessation of the Participant’s monthly Pension payments due to such reemployment under an Other Plan.” 
 5.  In all
other respects the Plan is ratified and confirmed.Amendments to Alcoa Deferred Compensation Estate Enhancement Plan

 Exhibit 10(w)(4) 
 AMENDMENTS TO THE 
 ALCOA DEFERRED COMPENSATION ESTATE ENHANCEMENT PLAN 
 1.  Effective December 31, 2004, a new second paragraph is added as follows: 
 Effective as of the close of business on December 31, 2004, this Plan is frozen, and no new Participants will be permitted to participate in this Plan after December 31, 2004. Effective as of
December 31, 2008, since all underlying assets and policies in this Plan have been distributed, this Plan is terminated.Amendments to Global Pension Plan

 Exhibit 10(ff)(4) 
 AMENDMENT TO THE 
 ALCOA GLOBAL PENSION PLAN 
 The American Jobs Creation Act of 2004 requires certain changes to plan provisions required by Section 409A of the Internal Revenue Code, and regulations thereunder. In order to comply with the requirements and
clarify certain plan provisions, the plan is amended as follows: 
 1.  Due to the change of the Company’s name, Aluminum Company of America is
replaced with Alcoa Inc. throughout. 
 2.  Effective January 1, 2009, the Eligibility provision in Section 1.1(B) is amended by adding
the following sentence to the end thereof: 
 Effective January 1, 2009, Participants who are U.S. residents, who are also eligible to
participate in the Alcoa Savings Plan, are no longer eligible to participate in this Plan. 
 3.  Effective January 1, 2009, the definition of
Continuous Service in Section 1.3 is restated to terminate continuous service after 6 months for most absences as follows: 
 “Continuous Service” means, except as modified by the balance of this definition, the period of continuous employment with the Company, 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 Director. Continuous Service terminates upon any quit, dismissal, discharge, Retirement, or any other termination of employment with the Company; any determination by the Manager that employment with these entities
has terminated is conclusive, final, and binding. 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. 
 4.  Effective January 1, 2005, the Vesting provision in Section 1.4 is restated to define those Nonforfeitable Circumstances that a Participant may have incurred at termination of Continuous Services and still be vested
in the benefits provided under the Plan. 
 Effective January 1, 2005, if at the time of the Participant’s termination of Continuous
Service he or she has incurred a Nonforteitable Circumstance, the Participant shall be vested in the benefits provided under this Plan. Termination of the Participant’s Continuous Service without incurring a Nonforfeitable Circumstance shall
cause the Participant to forfeit their right to the benefits provided under this Plan. 
 “Nonforfeitable
Circumstance” means: 

 (a) an absence from employment due to a reduction of the work force or layoff by the Company, due to lack
of work; or 
 (b) total and permanent disability as defined by Internal Revenue Code 409A and regulations thereunder; or 
 (c) any termination of service or release instituted by the Company, (including termination due to the sale of a subsidiary) that is not due to a
discharge or dismissal; or 
 (d) a Participant has attained two years of Continuous Service; or 
 (e) a Participant is eligible for Retirement Under the Plan; or 
 (f) a Participant’s death. 
 5.  Effective January 1, 2005, the definition of “Retirement Under the
Plan” in Section 1.5 is restated as follows: 
 “Retirement Under the Plan. Effective January 1, 2005, a
Participant will retire under this Plan upon the termination of employment after attainment of age 55 and completion of 10 years of Vesting Service or attainment of age 65 and Vesting under this Plan. For purposes of this
Section 1.5, Vesting Service will be determined in the same manner as Vesting Service is provided in Section 4.1 of Alcoa Retirement Plan I.” 
 6.  Effective January 1, 2005, the definition of “Key Employee” is replaced with the following: 
 “Specified Employee” means a “specified employee” as defined under written guidelines adopted by the Company, which comply with Section 409A of the Internal Revenue Code and any regulations promulgated thereunder.

 And any references to “Key Employee” are replaced with “Specified Employee” throughout. 
 7.  In all other respects, the Plan is ratified and confirmed.Amended and Restated Executive Severance Agreement - Klaus Kleinfeld

 Exhibit 10(gg) 
  

			
		  	 Alcoa
 390 Park Avenue
 New York, New York 10022 USA
  
 Alain J.P. Belda
 Chairman of the Board

 Mr. Klaus Kleinfeld 
 President and Chief Executive Officer 
 Alcoa Inc. 
 390
Park Avenue 
 New York, New York 10022 USA 
 Dear Klaus,

 As President and Chief Executive Officer, you are a key part of the senior executive management team of Alcoa Inc. (the
“Company”). The business relationships you have developed both inside and outside of the Company, your knowledge of the Company’s business affairs and your management experience are all of great importance to the Company, and I value
your continuing contributions. As I am sure you can also appreciate, it is important to the Company’s future success that you, me and the other members of the senior executive leadership team are able to enhance our ability to increase
shareholder value, and if necessary, to ease transitions when it is in the best interest of the Company to do so. Accordingly, it is my pleasure to be able to provide you with this letter agreement (the “Agreement”) which sets forth the
terms of an arrangement between you and the Company concerning your continuing and post-employment obligations. This letter agreement supersedes and replaces in its entirety the letter agreement dated February 15, 2008 between you and the
Company. For avoidance of doubt, this letter agreement does not replace or supersede the offer letter between you and the Company dated August 14, 2007 (the “offer letter”). It is acknowledged that Section 9(a) of the offer
letter which provides that the executive severance agreement would terminate upon your appointment as Chief Executive Officer was waived by the Compensation and Benefits Committee of the Board of Directors. 
  

	I.	You voluntarily resign or retire. 

 You may
terminate your employment with the Company by voluntarily resigning or by retiring. If you wish to resign or retire, you will provide the Company with at least three months’ advance written notice (the “Notice,” which shall contain
your selected date of termination, which must be at least three months after the date the Notice is received by the Company (such date of receipt, the “Notice Date”)), after which the following conditions shall apply: 
 Your active service with the Company will be terminated on the date specified in the Notice (or such later date as you and the Company mutually agree),
or such earlier date as the Company may determine in its sole discretion (the “Voluntary Termination Date”). During the period from the Notice Date through the Voluntary Termination Date, (i) the Company may, in its sole discretion,
assign you such duties as it sees fit (but commensurate with your position) and (ii) you agree to continue to provide at least 20% of the average level of services you provided to the Company during the preceding 36-month period, such that your
“separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“409A”), occurs on the Voluntary Termination Date. 

 If your employment with the Company terminates pursuant to this Section I, you will be paid the following
amounts (which you acknowledge would not be due you in the absence of this Agreement) on the first business day which is at least six months after the Voluntary Termination Date, provided that on or after the Voluntary Termination Date, and at least
10 days prior to the payment date, you execute and return to the Company the release agreement attached as Exhibit A (the “Release Agreement”) and (ii) any period within which you may revoke the Release Agreement pursuant to the terms
thereof has expired without you having revoked the Release Agreement: 
 (i) $50,000 in consideration of execution and
delivery of the Release Agreement as provided above; and 
 (ii) If the Voluntary Termination Date occurs before the date
specified in your Notice and less than three months following the Notice Date (e.g., if the Company elects a Voluntary Termination Date earlier than the date specified in the Notice), a lump sum amount equal to your monthly base salary as of the
Voluntary Termination Date for the time between the Voluntary Termination Date and three months following the Notice Date; or 
 (iii) If you and the Company mutually agree to extend your service to a later date than the date stated in your Notice, upon your Voluntary Termination Date, you will receive: a lump sum amount equal to your monthly base salary for each
month you provided service beyond the date stated in your Notice or for such period of time as you and the Company may mutually agree, not to exceed 24 months (referred to as the “additional period of time”) ; a lump sum amount as provided
under Section II B (iii) and (iv) below except that the amount will be calculated for the “additional period of time”; and continued active medical benefits for the “additional period of time” as described in Section II
B below. 
 If your employment with the Company terminates pursuant to this Section I, upon and following the Voluntary Termination Date,
your other compensation and benefits continue to be governed by the terms of the plans in which you participate; provided however, that payments and benefits under this Section I are in lieu of any other involuntary separation benefits or severance
payments which you may be eligible to receive from the Company; and if you receive severance pay and benefits under the Company’s Change in Control Severance Plan, no payments will be made, or benefits provided, under this Agreement.

  

	II.	Company terminates your employment. 

 The
Company may terminate your employment at any time, with or without Cause, with the results described below. In such case, the Company shall determine the effective date of your termination (the “Involuntary Termination Date”). 

A. Involuntary Termination With Cause. If the Company terminates your employment due to Cause, you will receive no severance payment under this
Agreement or any other severance plan, policy or arrangement of the Company or any of its affiliates. For purposes of this Agreement, “Cause” means: (i) any refusal by you to follow the lawful directives of the Board of Directors,
which are consistent with the scope and nature of your duties and responsibilities; (ii) your conviction of, or plea of guilty or nolo contendere to, a felony or of any crime involving moral turpitude, fraud or embezzlement; (iii) any
gross negligence or willful 

  

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misconduct in the conduct of your duties; (iv) any material breach of any one or more of the restrictive covenants provided in this Agreement; or
(v) any violation of any statutory or common law duty of loyalty to the Company or any of its subsidiaries; provided no act or omission shall be “willful” if conducted in good faith and with a reasonable belief that such conduct was
in the best interests of the Company. 
 B. Involuntary Termination Without Cause. If the Company terminates your employment for
reasons other than Cause, and you fulfill your obligations as set forth in this Agreement, you shall be paid the following amounts (which you acknowledge would not be due you in the absence of this Agreement) on the first business day which is at
least six months after the Involuntary Termination Date, provided that, on or after the Involuntary Termination Date, and at least 10 days prior to the payment date, (i) you execute and return to the Company the Release Agreement and
(ii) any period within which you may revoke the Release Agreement pursuant to the terms thereof has expired without you having revoked the Release Agreement: 
 (i) a lump sum amount equivalent to two times your annual base salary and annual target bonus as of the Involuntary Termination Date;

 (ii) $50,000 in consideration of execution and delivery of the Release Agreement as provided above; 
 (iii) a lump sum amount, in cash, equal to two times the Employer Retirement Income Contributions under the Alcoa Savings Plan
contribution percent in effect on the Involuntary Termination Date multiplied by the portion of your annual base salary as of your Involuntary Termination Date which is eligible for contribution to the Alcoa Savings Plan; and 
 (iv) a lump sum amount, in cash, equal to the excess of (I) the actuarial equivalent of the aggregate retirement pension under the
SERP Benefit provided in your offer letter as if you had been credited with an additional 24 months of service following the Involuntary Termination Date; over (II) the actuarial equivalent of the aggregate retirement pension which you had accrued
under the provisions of the SERP Benefit provided in your offer letter as of the Involuntary Termination Date. 
 In addition, for a period
of two years after the Involuntary Termination Date the Company shall arrange to provide you, and anyone entitled to claim through you, health (including medical, behavioral, prescription drug, dental and vision) benefits substantially similar to
those provided to active employees, at no greater after tax cost to you than the after tax cost to you immediately prior to the Involuntary Termination Date. If the company contribution to these benefits becomes taxable to you, you will be grossed
up on these contributions (with any gross up paid to you promptly but in no event later than the end of your taxable year following the taxable year in which you or the Company remits the related taxes). In order to comply with 409A, the following
shall apply to the health care benefits provided pursuant to this paragraph, the costs of which are not fully paid by you (the “Health Benefits”). Any and all reimbursements of eligible expenses made pursuant to the Health Benefits shall
be made no later than the end of the calendar year next following the calendar year in which the expenses were incurred. The amount of expenses that are eligible for reimbursement or of in-kind benefits that are provided pursuant to the Health
Benefits in any given calendar year shall not affect the expenses that are eligible for reimbursement or benefits to be provided pursuant to the Health Benefits in any other calendar year, except as specifically permitted by Treasury Regulation
Section 1.409A-3(i)(iv)(B). Your right to the Health Benefits may not be liquidated or exchanged for any other benefit. 
  

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 If your employment with the Company terminates pursuant to this Section II, upon and following the
Involuntary Termination Date, your other compensation and benefits continue to be governed by the terms of the plans in which you participate; provided however, that payments and benefits under this Section II are in lieu of any other involuntary
separation benefits or severance payments which you may be eligible to receive from the Company; and if you receive severance pay and benefits under the Company’s Change in Control Severance Plan, no payments will be made, or benefits provided,
under this Agreement. 
 Any voluntary termination of your employment will be deemed an involuntary termination of your employment
“without Cause” under this Agreement (a “Qualifying Termination”) if such resignation occurs during the thirty day period following the date on which the Chairman of the Board retires and you are not immediately thereafter
appointed to succeed him as Chief Executive Officer and Chairman of the Board; provided, the appointment of a non-executive Chairman of the Board at any time will not constitute a basis for a Qualifying Termination if you continue to be the Chief
Executive Officer reporting directly to the Board of Directors. 
 Restrictive Covenants 
 In light of the unique character of your position with the Company, the business relationships you have developed and will continue to develop while
employed by the Company, and your knowledge of the Company’s business affairs including the Confidential Information (as defined below), and with the acknowledgment of the continuing consideration which you will receive from the Company as a
member of its senior executive management team, and the personal financial security which is provided under this Agreement, or in the event of a change in control as defined in the Company’s Change in Control Severance Plan, you agree to the
following Restrictive Covenants: 
 Noncompetition: During your employment and for a period of two (2) years thereafter
(regardless of whether the termination of your employment is voluntary or involuntary), you will not directly or indirectly provide services, whether as a director, officer, partner, owner, employee, inventor, consultant, advisor, agent, or
otherwise, to any domestic or international business or firm that is engaged or has plans to become engaged in the manufacturing, fabricating, distributing or selling of aluminum and/or aluminum related products for the aerospace, automotive,
packaging, or other aluminum fabricated product markets, the mining of bauxite, conversion and refining of bauxite into alumina and/or the sale or distribution of alumina or alumina related chemical products or any other line of business in which
the Company is involved or becomes involved during your employment with the Company (collectively, the “Aluminum Business”). However, you may own up to five percent (5%) of the outstanding securities of any publicly traded company.

 It is not the Company’s intention to restrict or limit your activities, unless it is believed that there is a substantial possibility
that your future employment, or activities in any of the lines of business in which the Company is engaged may be detrimental to the Company. So as to not unduly restrict your future employment, if you desire to enter into any employment arrangement
or relationship with any entity in the above identified markets within the two year period, please consult with me to discuss your intended relationship with the competitive entity. You and the Company recognize that due to the many different
businesses which presently compete, or which in the future may compete with the Company in the Aluminum Business, the Company will discuss your desire to enter into a business or professional relationship with any manufacturer or firm which may be
perceived as a competitor. 
  

 4 

 Non-solicitation: During your employment and for a period of two (2) years thereafter
(regardless of whether the termination of your employment was voluntary or involuntary), you will not directly or indirectly (i) solicit, induce or attempt to solicit or induce any current or future employee of the Company to leave the Company
for any reason, or (ii) solicit business from, or engage in business with, any current or future customer or supplier of the Company which you met and dealt with during your employment with the Company for any purpose. In the event that you
become aware that any present or future employee of the Company has been hired by any business or firm with which you are then affiliated, you will immediately notify the Company’s chief legal officer to confirm your non-solicitation of said
employee. 
 Confidentiality: During your employment with the Company and at all times thereafter, you will maintain the
confidentiality of any and all information about the Company which is not generally known or available outside the Company, including without limitation, strategic plans, technical and operating know-how, business strategy, trade secrets, customer
information, business operations and other proprietary information (“Confidential Information”), and you will not, directly or indirectly, disclose any Confidential Information to any person or entity, or use any Confidential Information,
whether for your benefit or the benefit of any new employer or any other person or entity, or in any other manner that is detrimental to or inconsistent with any interest of the Company. If you receive notice that you may be required to disclose any
Confidential Information pursuant to a subpoena or other lawful process, you must notify the Company’s chief legal officer immediately. 
 You acknowledge and agree that given the nature of the Company’s business, which is conducted throughout the world, and your position of confidence and trust with the Company, the scope and duration of these Restrictive Covenants are
reasonable and necessary to protect the legitimate business interests of the Company. You further acknowledge that you have received substantial compensation from the Company and that your general skills and abilities are such that you can be
gainfully employed in noncompetitive employment, and that this Agreement will in no way prevent you from earning a living following your employment with the Company. 
 You also recognize and agree that any breach or threatened or anticipated breach of any part of these Restrictive Covenants will result in irreparable harm to the Company, and that the remedy at law for any such
breach or threatened breach will be inadequate. Accordingly, in addition to any other legal or equitable remedies that may be available to the Company, you agree that the Company shall be entitled to obtain an injunction, without posting a bond, to
prevent any breach or threatened breach of any part of these Restrictive Covenants. You agree to reimburse the Company for all costs and expenses, including reasonable attorney’s fees and costs, incurred by the Company in connection with the
enforcement of its rights under this Agreement. 
 In the event that any court of competent jurisdiction finds that the limitations set forth
in these Restrictive Covenants are overly broad with respect to duration, geographic scope or scope of prohibited activities, such court shall have the authority to reduce the duration, area or activities of such provisions so as to be enforceable
to the maximum extent compatible with applicable law, and such provisions shall then be enforced as modified. In the event that a court reduces the duration of the restriction, any unpaid amounts, as set forth above, shall be reduced on a pro rata
basis. 
  

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 Tax Withholding 
 All amounts payable pursuant to this Agreement shall be subject to withholding for taxes as legally required, and for other amounts authorized by you. 
 Application of 409A Provisions 
 If you provide a written, unqualified opinion from your tax
advisor to the Company stating that you are a non-resident alien not subject to 409A at the time of your termination of employment, or that 409A otherwise does not apply to you at that time, unless the Company has reason to believe that such opinion
is more likely than not incorrect the Company shall cooperate with you to amend this Agreement in a mutually satisfactory manner to cause any severance payments payable hereunder to be paid as soon as practicable following your termination of
employment, and to otherwise remove references to Section 409A from this Agreement; provided that in no event shall such payments be made unless and until you have returned an executed Release Agreement (signed by you on or following your
termination date) and any period within which you may revoke the Release Agreement pursuant to the terms thereof has expired without you having revoked the Release Agreement. The Company shall have no responsibility for any taxes or penalties you
may incur on account of any such amendments, whether pursuant to 409A or otherwise. 
 Governing Law; Jurisdiction 
 This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without reference to its choice of law principles.
Any action arising out of or related to this Agreement shall be brought in the state or Federal courts located in New York City, and you and the Company consent to the jurisdiction and venue of such courts. 
 Amendment; Waiver 
 No provision of this
Agreement may be modified, waived, or discharged unless such waiver, modification or discharge is in writing and signed by the Chief Executive Officer of the Company. Any failure by you or the Company to enforce any of the provisions of this
Agreement shall not be construed to be a waiver of such provisions or any right to enforce each and every provision in the future. A waiver of any breach of this Agreement shall not be construed as a waiver of any other or subsequent breach.

 Successors; Binding Agreement 
 The Company shall have the right to assign its rights and obligations under this Agreement to any entity that acquires all or substantially all of the assets of the Company and continues the Company’s business. The rights and
obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. 
 Severability 
 In the event that any one or more of the provisions of this Agreement shall be held to be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remainder of this Agreement shall not in way be affected or impaired thereby. 
  

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 No Mitigation 
 If you are entitled to receive severance benefits under this Agreement, you will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, and any
amount received from subsequent employment will not offset your severance payments under this Agreement. 
 Entire Agreement 
 You acknowledge that you have not relied upon any representations (whether oral or written) from the Company, other than as set forth in this Agreement.
This Agreement and the offer letter set forth the entire agreement and understanding between you and the Company and merge and supersede any and all prior discussions, agreements, arrangements and understandings with regard to the subject matter
hereof, and may not be modified, amended, discharged or supplemented in any respect, except by a subsequent writing signed by you and the Company. In the event that any payments under this agreement in the aggregate are more than 2.99 times of your
base salary and bonus, the payments which you will be eligible to receive under this Agreement will be reduced accordingly. Except for involuntary separation benefits or other similar severance payments, this Agreement does not supersede the terms
of any other compensation plans, stock option programs, welfare benefit plans, or other such plans or programs in which you are eligible to participate, or may become eligible to participate. 
 If you agree to the terms of this Agreement, please sign on the line provided on the next page and return two signed copies to the Corporate Secretary. A
fully executed copy will be returned to you for your files after it is signed by the Company. 
  

			
	Sincerely,
	ALCOA INC.
	
	/s/ Alain J.P. Belda
	By:	 	Alain J.P. Belda
	Title:	 	Chairman of the Board
	Dated:	 	December 8, 2008
	
	Agreed to and accepted:
	
	 /s/ Klaus Kleinfeld

	Klaus Kleinfeld
	President and Chief Executive Officer

  

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 Exhibit A 
 RELEASE AGREEMENT 
 RELEASE AGREEMENT (this “Release Agreement”), dated as of
                                , between Alcoa Inc. (the
“Company”), and [Name]
(“Releasor”).                                     
                                         
       [DATE] 
 WHEREAS, Releasor was employed by the Company as
                                 
                                         
                                         
                   [TITLE] 
 WHEREAS,
Releasor and the Company are parties to a letter agreement dated [date] (the “Letter Agreement”). 
 WHEREAS, Releasor’s
employment with the Company terminated as of
                                 
                                         
                                         
                                         
      [DATE] 
 NOW, THEREFORE, in consideration of the promises and of the releases, representations,
covenants and obligations contained herein, the parties hereto agree as follows: 
 1. Severance Benefits. Subject to Releasor’s
execution and non-revocation of this Release Agreement within the time periods described in this Release Agreement and the Letter Agreement, and compliance with the other terms of the Letter Agreement, the Company shall pay Releasor the amounts, and
provide Releasor the benefits, described in the Letter Agreement. 
 2. Release. Releasor knowingly and voluntarily releases and forever
discharges the Company, its parents, and each of their respective subsidiaries and affiliates, together with their respective present and former directors, managers, officers, shareholders, employees, agents, and each of their respective
predecessors, heirs, executors, administrators, successors and assigns (collectively, the “Releasees”) from any and all debts, obligations, demands, actions, causes of action, accounts, covenants, contracts, agreements, damages, omissions,
promises, and any and all claims and liabilities whatsoever, of every name and nature, known or unknown, suspected or unsuspected, both in law and equity (“Claims”), which Releasor ever had, now has, or may hereafter claim to have by
reason of any matter, cause or thing whatsoever arising out of or relating to: (a) any events, occurrences or omissions from the beginning of time to the time Releasor signs this Release Agreement, or (b) Releasor’s employment with
the Company or termination thereof (the “Release”). The Release shall apply to any Claim of any type, including, without limitation, any and all Claims of any type that Releasor may have arising under the common law, the Age Discrimination
in Employment Act of 1967, the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act of 1990, the Family and Medical Leave Act of 1993, the Employee
Retirement Income Security Act of 1974, or the New York State and City Human Rights Laws, each as amended, and any other federal, state or local statutes, regulations, ordinances or common law creating employment-related causes of action, or under
any policy, agreement, understanding or promise, written or oral, formal or informal, between Releasor and any of the Releasees, and all Claims for alleged tortious, defamatory or fraudulent conduct; provided, however, that nothing in the Release
shall: (i) affect any vested employee benefits 

  

 8 

 
(including equity awards) to which Releasor may be entitled under any existing employee benefit plans of the Company, or (ii) prohibit Releasor from
enforcing this Release Agreement or the Letter Agreement. By signing this Release Agreement, Releasor represents that he or she shall not be entitled to any personal recovery in any action or proceeding that may be commenced on his or her behalf in
any way arising out or relating to any of the matters that are the subject of the Release. 
 3. Releasor represents that he or she has not
commenced or joined in any claim, charge or action against any of the Releasees, arising out of or relating in any way to Releasor’s relationship with the Company, or the termination thereof. 
 4. Releasor represents and agrees that the obligations and representations set forth in the Restrictive Covenants in the Letter Agreement, on their
stated terms, regarding noncompetition, nonsolicitation and confidentiality, shall remain in full force and effect. 
 5. Consultation With
Attorney; Voluntary Agreement. Releasor represents that the Company has advised Releasor to consult with an attorney of Releasor’s choosing prior to signing this Release Agreement. Releasor further represents that he or she understands and
agrees that he or she has the right and has been given the opportunity to review this Release Agreement, with an attorney of Releasor’s choice. Releasor further represents that he or she understands and agrees that the Company is under no
obligation to offer the payments and benefits set forth in paragraph 1 above, and that Releasor is under no obligation to consent to this Release Agreement, and that Releasor has entered into this Release Agreement freely and voluntarily. Releasor
shall have twenty-one (21) days to consider this Release Agreement, unless Releasor is terminated in connection with a an exit incentive or other group termination program, in which case Releasor shall have forty-five (45) days to consider
this Release Agreement. In either case, once Releasor has signed this Release Agreement, Releasor shall have seven (7) additional days from the date of execution to revoke his or her consent. Any such revocation shall be made in writing to
Attn: Corporate Secretary, Alcoa Inc., 390 Park Avenue, New York, New York 10022, and shall be deemed to have been duly given when hand delivered or when mailed by United States certified mail, return receipt requested. If no such revocation occurs,
this Release Agreement shall become effective on the eighth (8th) day after Releasor shall have executed and returned it to the Company (the “Effective Date”). In the event that Releasor revokes his or her consent to this Release
Agreement prior to the Effective Date, this Release Agreement shall be null and void and no payments or benefits shall be due hereunder or under the Letter Agreement. 
 6. Entire Agreement. Releasor acknowledges that he or she has not relied upon any representations (whether oral or written) from the Company, other than as set forth in this Release Agreement. This Release Agreement
sets forth the entire agreement and understanding between Releasor and the Company and merges and supersedes any and all prior discussions, agreements, arrangements and understandings with regard to the subject matter hereof, except for the Letter
Agreement, and may not be modified, amended, discharged or supplemented in any respect, except by a subsequent writing signed by Releasor and the Company. 
 7. Successors; Binding Agreement. The Company shall have the right to assign its rights and obligations under this Release Agreement to any entity that acquires all or substantially all of the assets of the Company
and continues the Company’s business. The rights and obligations of the Company under this Release Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. 
  

 9 

 8. Severability. In the event that any one or more of the provisions of this Release Agreement shall be
held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remainder of this Release Agreement shall not in way be affected or impaired thereby. 
 9. Governing Law; Jurisdiction. Without reference to any principles concerning choice of law, this Release Agreement shall be governed and interpreted in
accordance with the laws of the State of New York. Any action arising out of or related to this Release Agreement shall be brought in the state or Federal courts located in New York City, and Releasor and the Company consent to the jurisdiction and
venue of such courts. 
 10. Counterparts. This Release Agreement may be executed in counterparts, each of which shall be deemed an original
but all of which together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the Company and Releasor have executed this
Release Agreement, on the date and year set forth below. 
  

			
		 	ALCOA INC.
		
	By: 	 	 
		 	[NAME]
		 	[TITLE]
	
	 
	[NAME]
	 Dated:
                                         
       

  

 10

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