Document:

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                                                                     EXHIBIT 4.4

                              AMENDED AND RESTATED
                              --------------------

                          AMCAST INDUSTRIAL CORPORATION
                          -----------------------------

                            1999 STOCK INCENTIVE PLAN
                            -------------------------

                                  PLAN DOCUMENT
                                  -------------

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                              AMENDED AND RESTATED
                            1999 STOCK INCENTIVE PLAN
                            -------------------------

SECTION 1.  PURPOSE
-------------------

         The purpose of this 1999 Stock Incentive Plan (the "Plan") is to
promote the long-term success of Amcast Industrial Corporation (the "Company")
by providing financial incentives to key employees of the Company and its
subsidiaries who are in positions to make significant contributions toward such
success. The Plan is designed to attract individuals of outstanding ability to
employment with the Company and its subsidiaries and to encourage key employees
to acquire a proprietary interest in the Company through stock ownership, to
continue employment with the Company and its subsidiaries, and to render
superior performance during such employment. To accomplish the purposes of the
Plan, the Board of Directors of the Company establishes the Plan and authorizes
the Committee referred to in Section 4 to administer the Plan in such manner and
on such conditions as it deems appropriate, subject to the provisions of the
Plan.

SECTION 2.  DEFINITIONS
-----------------------

         (a) "Board" means the Board of Directors of the Company.

         (b) "Change of Control" means and shall be deemed to have occurred on
(i) the date upon which the Company is provided a copy of a Schedule 13D, filed
pursuant to Section 13(d) of the Securities Exchange Act of 1934 indicating that
a group or person, as defined in Rule 13d-3 under said Act, has become the
beneficial owner of 20% or more of the outstanding Voting Shares of the Company
or the date upon which the Company first learns that a person or group has
become the beneficial owner of 20% or more of the outstanding Voting Shares of
the Company if a Schedule 13D is not timely filed as required under the
Securities Exchange Act of 1934 or is not required to be filed; (ii) the date of
a change in the composition of the Board of Directors of the Company such that
individuals who were members of the Board of Directors on the date two years
prior to such change (or who were subsequently elected to fill a vacancy in the
Board, or were subsequently nominated for election by the Company's
shareholders, by the affirmative vote of at least two-thirds of the directors
then still in office who were directors at the beginning of such two year
period) no longer constitute a majority of the Board of Directors of the
Company; (iii) the date the shareholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the Voting Shares of the Company outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into Voting Shares of the surviving entity) at
least 80% of the total voting power represented by the Voting Shares of the
Company or such surviving entity outstanding immediately after such merger or
consolidation; or (iv) the date shareholders of the Company approve a plan of
complete liquidation of the Company or an agreement for the sale or disposition
by the Company of all or substantially all the Company's assets.

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         (c) "Code" means the Internal Revenue Code of 1986, as amended.

         (d) "Committee" means the committee referred to in Section 4.

         (e) "Employee" means any full-time key employee of the Company or any
of its Subsidiaries.

         (f) "Fair Market Value" means the mean of the high and low sales prices
of a Share on the date when the value of a Share is to be determined, as
reported on the New York Stock Exchange Composite Transactions Tape; or, if no
sale is reported for such date, then on the next preceding date for which a sale
is reported; or if the Shares are no longer listed on such exchange, the
determination of such value shall be made by the Committee in accordance with
applicable provisions of the Code and related regulations promulgated under the
Code.

         (g) "Gross Misconduct" means engaging in any act or acts involving
conduct which violates Company policy or is illegal and which results, directly
or indirectly, in personal gain to the individual involved at the expense of the
Company or a Subsidiary.

         (h) "Incentive Award" means an Option, Performance Award, or Stock
Appreciation Right granted under the Plan.

         (i) "Incentive Stock Option" means an Option that is an Incentive Stock
Option, as defined in Section 422 of the Code.

         (j) "Nonqualified Stock Option" means an Option that is not an
Incentive Stock Option.

         (k) "Option" means a right to purchase Shares at a specified price.

         (l) "Optionee" means the holder of an Option.

         (m) "Participant" means an Employee selected to receive an Incentive
Award.

         (n) "Performance Award" means a right to receive Shares, cash, or a
combination thereof, contingent upon the attainment of performance objectives
determined in the discretion of the Committee as more fully set forth at Section
8 hereof.

         (o) "Shares" means the Common Shares of the Company.

         (p) "Stock Appreciation Right" shall have the meaning set forth at
Section 9.

         (q) "Subsidiary" means any company more than 50% of the voting stock of
which is owned or controlled, directly or indirectly, by the Company.

         (r) "Voting Shares" means any securities of the Company which vote
generally in the election of directors.

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SECTION 3.  SHARES SUBJECT TO THE PLAN
--------------------------------------

         (a) MAXIMUM NUMBER - AGGREGATE. The maximum number of Shares that may
be subject to Incentive Awards granted pursuant to the Plan shall be Eight
Hundred Fifty Thousand (850,000), subject to adjustment in accordance with
Section 3(c). The Shares which may be issued pursuant to Incentive Awards may be
authorized and unissued Shares or Shares held in the Company's treasury. In the
event of a lapse, expiration, termination, or cancellation of any Incentive
Award granted under the Plan without the issuance of Shares or the payment of
cash, the Shares subject to or reserved for such Incentive Award shall no longer
be charged against the 850,000 Share maximum and may again be used for new
Incentive Awards.

         (b) MAXIMUM NUMBER-PER EMPLOYEE. The maximum Incentive Awards that may
be granted to each Employee in each fiscal year of the Company is as follows:

               (i)   With respect to Options, no more than 50,000 may be
          granted;

               (ii)  With respect to Performance Awards, no more than $750,000
          of Performance Shares may be granted (based on the Fair Market Value
          of Shares on the date the award is granted, not the date the award is
          earned or paid); and

               (iii) With respect to Stock Appreciation Rights, no more than
          50,000 may be granted.

         (c) RECAPITALIZATION ADJUSTMENT. In the event of any change affecting
the Shares by reason of any share dividend or split, recapitalization, merger,
consolidation, spin-off, combination or exchange of shares or other corporate
change, or any distribution to a holder of Shares other than ordinary cash
dividends, the Committee shall make such adjustment, if any, as it may deem
appropriate to avoid dilution in the number and kind of shares authorized for
issuance under the Plan, in the number and kind of shares covered by Incentive
Awards and, in the case of Options, in the option price.

SECTION 4.  ADMINISTRATION
--------------------------

         (a) COMMITTEE. The Plan shall be administered by a Committee of the
Board, comprised of three or more directors, who shall from time to time be
appointed by, and serve at the pleasure of, the Board. Each director serving on
the Committee shall be a "non-employee director" within the meaning of Rule
16b-3 promulgated under the Securities Exchange Act of 1934 and an "outside
director" within the meaning of Section 162(m) of the Code.

         (b) AUTHORITY. The Committee shall have and exercise all the power and
authority granted to it under the Plan. Subject to the provisions of the Plan,
the Committee shall have authority in its sole discretion from time to time (i)
to designate from Employees the persons who shall be granted Incentive Awards;
(ii) to prescribe such limitations, restrictions and conditions upon any such
awards as the Committee shall deem appropriate, including establishing and
administering performance goals and certifying whether the performance goals
have been attained; (iii) to interpret the Plan and to adopt, amend and rescind
rules and

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regulations relating to the Plan; and (iv) to make all other determinations and
take all other actions necessary or advisable for the implementation and
administration of the Plan.

         (c) COMMITTEE ACTIONS. A majority of the Committee shall constitute a
quorum, and the acts of a majority of the members present at a meeting at which
a quorum is present, or acts reduced to or approved in writing by all members of
the Committee, shall be acts of the Committee. All such actions shall be final,
conclusive, and binding. No member of the Committee shall be liable for any
action taken or decision made in good faith relating to the Plan or any
Incentive Award thereunder.

         (d) INTERPRETATION AND CONSTRUCTION. Any provision of this Plan to the
contrary notwithstanding, (i) certain designated Incentive Awards under this
Plan are intended to qualify as performance-based compensation within the
meaning of Code Section 162(m)(4)(C) and (ii) any provision of the Plan that
would prevent a designated Incentive Award from so qualifying shall be
administered, interpreted and construed to carry out such intention and any
provision that cannot be so administered, interpreted and construed shall to
that extent be disregarded.

SECTION 5.  ELIGIBILITY AND INCENTIVE AWARDS
--------------------------------------------

         (a) ELIGIBLE EMPLOYEES. The Committee may grant Incentive Awards to
officers and other Employees.

         (b) INCENTIVE AWARDS. Incentive Awards may be granted in any one or
more combinations of (i) Incentive Stock Options, (ii) Nonqualified Stock
Options, (iii) Performance Awards, and (iv) Stock Appreciation Rights. All
Incentive Awards shall be subject to such other terms and conditions as may be
established by the Committee. Determinations by the Committee under the Plan,
including without limitation, designation of Participants, the form, amount and
timing of Incentive Awards, the terms and provisions of Incentive Awards, and
the written agreements evidencing Incentive Awards, need not be uniform and may
be made selectively among Employees who receive, or are eligible to receive,
Incentive Awards hereunder, whether or not such Employees are similarly
situated.

         (c) EMPLOYMENT. The Plan and the Incentive Awards granted hereunder
shall not confer upon any Employee the right to continued employment with the
Company or affect in any way the right of the Company to terminate the
employment of an Employee at any time and for any reason.

SECTION 6.  OPTIONS
-------------------

         The Committee may grant Incentive Stock Options and Nonqualified Stock
Options and such Options shall be subject to the following terms and conditions
and such other terms and conditions as the Committee may prescribe:

         (a) OPTION PRICE. The option price per Share with respect to each
Option shall be determined by the Committee but shall not be less than the Fair
Market Value of a Share on the date the Option is granted.

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         (b) PERIOD OF OPTION. The period of each Option shall be fixed by the
Committee but in no case may an option be exercised more than ten years after
the date of its grant.

         (c) EXERCISE OF OPTION. An Option may be exercised with respect to all
Shares covered thereby or may be exercised with respect to a specified number of
Shares over a specified period or periods as determined by the Committee. Any
Shares not purchased during a specified period may be purchased thereafter at
any time prior to the expiration of the Option unless the Committee determines
otherwise. Except as otherwise provided herein, an Option may be exercised only
if the Optionee has been continuously employed by the Company since the date
upon which the Option was granted. Whether authorized leave of absence or
absence for military or governmental service shall constitute a termination of
employment shall be determined by the Committee.

         (d) TERMINATION OF EMPLOYMENT. In the event an Optionee ceases to be
employed by the Company for any reason (other than death or Gross Misconduct),
the Optionee may exercise an Option within three months after such termination
of employment to the extent he was entitled to exercise it on the date of such
termination of employment; provided, however, that if such Optionee is an
officer or director of the Company, such Optionee may exercise an Option within
seven months after such termination of employment.

         (e) RETIREMENT. In the event an Optionee ceases to be employed by the
Company because he retires under a retirement plan of the Company or otherwise
retires with the consent of the Company, the Optionee may exercise an Option
within three months after the date of his retirement to the extent the Option
was exercisable on the date of his retirement. The Committee, however, in its
discretion, may provide that any outstanding Option which is not yet exercisable
upon the retirement of the Optionee may become exercisable and may extend the
period after retirement during which any Option may be exercised.

         (f) DEATH. In the event an Optionee shall die while employed by the
Company or after his termination of employment with the Company but at a time
that an Option held by him was exercisable, then the Option may be exercised
within one year after the Optionee's death to the extent that the Optionee was
entitled to exercise it on the date of his death, by the person or persons
(including the Optionee's estate) to whom his rights under such an Option shall
have passed by will or by the laws of descent and distribution.

         (g) LIMITS ON INCENTIVE STOCK OPTIONS. Except as may be permitted by
the Code, the Fair Market Value of Shares (determined at the time of grant of
Options) as to which Incentive Stock Options held by an Optionee first become
exercisable in any calendar year shall not exceed $100,000. In addition, no
Incentive Stock Option shall be granted to an Employee who possesses, directly
or indirectly (within the meaning of Section 424(d) of the Code), at the time of
grant more than 10% of the combined voting power of all classes of stock of the
Company unless the option price is at least 110% of the Fair Market Value of the
Shares subject to the Option on the date such Option is granted and such
Incentive Stock Option is not exercisable after the expiration of five years
from the date of grant.

         (h) NOTICE OF EXERCISE AND PAYMENT. An Option granted under the Plan
may be exercised by the Optionee giving written notice of exercise to the
Committee. The Option price for

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the Shares purchased shall be paid in full at the time such notice is given. An
Option shall be deemed exercised on the date the Committee receives written
notice of exercise, together with full payment for the Shares purchased. The
Option price shall be paid to the Company either in cash, by delivery to the
Company of Shares already-owned by the Optionee or any combination of cash and
such Shares. The Committee may, however, at any time and in its discretion,
adopt guidelines limiting or restricting the use of already-owned Shares to pay
all or any portion of the Option price. In the event already-owned Shares are
used to pay all or a portion of the Option price, the amount credited to payment
of the Option price shall be the Fair Market Value of the already-owned Shares
on the date the Option is exercised.

         (i) FRACTIONAL SHARES. No fractional shares shall be issued pursuant to
the exercise of an Option, nor shall any cash payment be made in lieu of
fractional shares.

         (j) REPRICING OF OPTIONS. Without approval of shareholders of the
Company, the option exercise price per share of any previously granted option
will not, whether through amendment, cancellation, replacement grants or any
other means, be lowered.

SECTION 7.  [THIS SECTION IS INTENTIONALLY OMITTED]
---------------------------------------------------

SECTION 8.  PERFORMANCE AWARDS
------------------------------

         The Committee may grant to Employees Performance Awards which shall be
subject to the following terms and conditions and such other terms and
conditions as the Committee may prescribe in connection with the grant of a
Performance Award:

         (a) AWARD PERIOD AND PERFORMANCE GOALS. The Committee shall determine
and include in a Performance Award the period of time during which a Performance
Award may be earned ("Award Period"). The Committee may also establish
performance objectives ("Performance Goals") to be met by the Company,
Subsidiary or division during the Award Period as a condition to payment of the
Performance Award. The Performance Goals may include minimum and optimum
objectives or a single set of objectives.

         With respect to Performance Awards that are intended to qualify as
"performance based" within the meaning of Code Section 162(m)(4)(C), the
Committee shall (i) select the Employees for such Incentive Awards, (ii)
establish in writing the applicable performance goals no later than 90 days
after the commencement of the period of service to which the performance goals
relate (or such earlier or later date as may be the applicable deadline for
compensation payable hereunder to qualify as "performance based" within the
meaning of Code Section 162(m)(4)(C)), and (iii) designate the Performance
Awards that are to qualify as "performance based" within the meaning of Code
Section 162(m)(4)(C).

         The Committee shall establish in writing the Performance Goals for each
Award Period which shall be based on any of the following performance criteria,
either alone or in any combination, on either a consolidated or business unit or
divisional level, and which shall include or exclude discontinued operations and
acquisition expenses (e.g., pooling of interests), as the Committee may
determine: level of sales, earnings per share, income before income taxes and
cumulative effect of accounting changes, income before cumulative effect of
accounting

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changes, net income, return on assets, return on equity, return on capital
employed, total stockholder return, market valuation, cash flow and completion
of acquisitions. The foregoing criteria shall have any reasonable definitions
that the Committee may specify, which may include or exclude any or all of the
following items, as the Committee may specify: extraordinary, unusual or
non-recurring items; effects of accounting changes; effects of currency
fluctuations; effects of financing activities (e.g., effect on earnings per
share of issuing convertible debt securities); expenses for restructuring or
productivity initiatives; non-operating items; acquisition expenses (e.g.,
pooling of interests); and effects of divestitures. Any such performance
criterion or combination of such criteria may apply to the participant's award
opportunity in its entirety or to any designated portion or portions of the
award opportunity, as the Committee may specify.

         (b) NO DISCRETION. With respect to Performance Awards that are intended
to qualify as "performance based" within the meaning of Code Section
162(m)(4)(C), the Committee has no discretion to increase the amount of the
award due upon attainment of the applicable performance goals. No provision of
this Plan shall preclude the Committee from exercising negative discretion with
respect to any award hereinafter (I.E., to reduce or eliminate the award
payable) within the meaning of Treasury Regulation Section
1.162-27(e)(2)(iii)(A).

         (c) PERFORMANCE AWARD EARNED. The Performance Awards shall be expressed
in terms of Shares and referred to as "Performance Shares." With respect to each
Performance Award, the Committee shall fix the number of allocable Performance
Shares. The level of Performance Goals attained will determine the percentage of
Performance Shares earned for an Award Period. After completion of the Award
Period, the Committee shall certify in writing the extent to which the
Performance Goals and other material terms applicable to such award are
attained. Unless and until the Committee so certifies, the Performance Award
shall not be paid.

         (d) PERFORMANCE AWARD PAYMENT. The Committee, in its discretion, may
elect to make payment of the Performance Award in Shares, cash or any
combination of the foregoing. If the Performance Award is paid in Shares, the
Company shall issue one Share for each Performance Share earned. If the
Performance Award is paid in cash, the cash payable shall be equal to the Fair
Market Value of the Performance Shares earned as of the last day of the Award
Period.

         (e) REQUIREMENT OF EMPLOYMENT. A grantee of a Performance Award must
remain in the employment of the Company until the completion of the Award Period
in order to be entitled to payment under the Performance Award; provided that
the Committee may, in its sole discretion, provide for a partial or full payment
of the Performance Award that would have been payable if the grantee had
continued employment for the entire Award Period, which shall be paid at the
same time as would have been paid if no termination of employment occurred, but
only if and to the extent the exercise of such discretion does not prevent any
designated Incentive Award from qualifying as "performance based" within the
meaning of Code Section 162(m)(4)(C).

         (f) DIVIDENDS. The Committee may, in its discretion, at the time of the
granting of a Performance Award, provide that any dividends declared on Shares
during the Award Period, and which would have been paid with respect to
Performance Shares had they been owned by a grantee, be (i) paid to the grantee,
or (ii) accumulated for the benefit of the grantee and used to increase the
number of Performance Shares of the grantee.

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SECTION 9. STOCK APPRECIATION RIGHTS
------------------------------------

         The Committee may, at any time, in its discretion, grant a right to
receive the appreciation in the Fair Market Value of Shares ("Stock Appreciation
Right") either separately or in tandem with Options. Stock Appreciation Rights
shall be subject to the following terms and conditions and such other terms and
conditions as the Committee may prescribe:

         (a) TIME AND PERIOD OF GRANT. If a Stock Appreciation Right is granted
in tandem with an Option, it may be granted at the time the Option is granted or
at any time thereafter but prior to the expiration of the Option. If a Stock
Appreciation Right is granted in tandem with an Option, at the time the Stock
Appreciation Right is granted, the Committee may limit the exercise period for
such Stock Appreciation Right, before and after which period no Stock
Appreciation Right shall attach to the related Option. If a Stock Appreciation
Right is granted separately from an Option, the period for exercise of the Stock
Appreciation Right shall not exceed ten years from the date of grant.

         (b) VALUE OF STOCK APPRECIATION RIGHT. If a Stock Appreciation Right is
granted in tandem with an Option, the Optionee will be entitled to surrender the
Option which is then exercisable and receive in exchange therefor an amount in
cash equal to the excess of the Fair Market Value of a Share on the date the
election to surrender is received by the Committee over the Option price
multiplied by the number of Shares covered by the Option or portion thereof
which is surrendered. In the event a Stock Appreciation Right granted in tandem
with an Option is exercised, the right of the Optionee to exercise the related
Option shall be canceled to the extent Shares covered by such Option are used to
calculate cash paid upon exercise of the related Stock Appreciation Right. If a
Stock Appreciation Right is granted separately from an Option, the Optionee will
receive upon exercise of the Stock Appreciation Right an amount in cash equal to
the excess of the Fair Market Value of a Share on the date the election to
exercise such Stock Appreciation Right is received by the Committee over the
Fair Market Value of a Share on the date of grant multiplied by the number of
Shares as to which the Stock Appreciation Right is being exercised.

         (c) EXERCISE OF RIGHTS AND PAYMENT. A Stock Appreciation Right which is
in tandem with an Option may be exercised when the related Option is
exercisable, provided, however, such a Stock Appreciation Right may only be
exercised on a date or dates on which the Fair Market Value of a Share exceeds
the option price per Share applicable to the related option. A Stock
Appreciation Right which is granted separate from an Option may be exercised at
such times as specified in the written instrument evidencing such right.
Notwithstanding the foregoing, an officer or director of the Company may only
exercise a Stock Appreciation Right in accordance with the provisions of Rule
16b-3 promulgated under the Securities Exchange Act of 1934. An Employee may
exercise a Stock Appreciation Right by giving written notice of exercise,
specifying the number of Shares as to which the right is exercised, to the
Committee. Provided the exercise is valid and in accordance with the terms of
the Plan, the Company shall promptly, after the receipt of such a notice, pay to
the Employee the cash to which he is entitled.

SECTION 10.  NON-ASSIGNABILITY OF INCENTIVE AWARDS
--------------------------------------------------

         No Incentive Award granted under the Plan shall be assigned,
transferred, pledged, or otherwise encumbered by an Employee, otherwise than by
will, by designation of a

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beneficiary after death, or by the laws of descent and distribution, or be made
subject to execution, attachment or similar process. Each Incentive Award shall
be exercisable during the Employee's lifetime only by the Employee or, if
permissible under applicable law, by the Employee's guardian or legal
representative.

SECTION 11.  CHANGE OF CONTROL
------------------------------

         (a) GENERAL. In order to maintain all of the Employee's rights in the
event of a Change of Control of the Company, the Committee, in its sole
discretion, may, as to any Incentive Award, either at the time that an Incentive
Award is made or any time thereafter, take any one or more of the following
actions:

               (i)   provide for the acceleration of any time periods relating
          to the exercise or realization of any such award, so that such award
          may be exercised or realized in full on or before a date fixed by the
          Committee,

               (ii)  provide for the purchase of any such award by the Company,
          upon an Employee's request, for an amount of cash equal to the amount
          that could have been attained upon the exercise of such award or
          realization of such Employee's rights had such award been currently
          exercisable or payable,

               (iii) make such adjustment to any such award then outstanding
          as the Committee deems appropriate to reflect a Change of Control, or

               (iv)  cause any such award then outstanding to be assumed, or
          new rights substituted therefor, by the acquiring or surviving
          corporation, if any, in connection with a Change of Control.

         (b) OPTIONS. All outstanding Options which are not yet exercisable
shall become immediately exercisable in full in the event of a Change of Control
of the Company.

SECTION 12.  TAXES
------------------

         (a) WITHHOLDING FOR TAXES. The Company shall be entitled, if necessary
or desirable, to withhold the amount of any tax attributable to any amounts
payable under any Incentive Award and the Company may defer making payment of
any Incentive Award if any such tax, charge, or assessment may be pending until
indemnified to its satisfaction.

         (b) USE OF SHARES FOR TAX WITHHOLDING PAYMENTS. With the approval of
the Committee, Shares may be used in lieu of cash to pay all or any part of the
mandatory federal, state or local withholding tax payments to be made by the
Employee in connection with an Incentive Award, as follows:

               (i) NONQUALIFIED STOCK OPTIONS. (a) The holder of a Nonqualified
          Stock Option may elect to have the Company retain from the Shares to
          be issued upon exercise of such an option Shares having a Fair Market
          Value equal to the withholding tax to be paid; or (b) the holder of a
          Nonqualified Stock Option may deliver to the Company

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          already-owned Shares having a Fair Market Value equal to the
          withholding tax to be paid and in such case, the election to use
          already-owned Shares for such purpose and the exercise of the
          Nonqualified Stock Option may occur at any time.

               (ii) PERFORMANCE SHARES. If withholding taxes are required to be
          paid at the time Shares are delivered to an Employee as a Performance
          Award, then the Employee may pay such taxes by delivering to the
          Company already-owned Shares having a Fair Market Value equal to the
          amount of the withholding tax being paid by the use of already-owned
          Shares.

SECTION 13.  COMPLIANCE WITH LAWS AND EXCHANGE REQUIREMENTS
-----------------------------------------------------------

         No Option or Stock Appreciation Right shall be granted and no Shares
shall be issued in connection with any Incentive Award unless the grant of the
Option or the Stock Appreciation Right and the issuance and delivery of Shares
or cash pursuant to the Incentive Award shall comply with all relevant
provisions of state and federal law, including, without limitation, the
Securities Act of 1933, the Securities Exchange Act of 1934, the rules and
regulations promulgated thereunder, and the requirements of any stock exchange
upon which the Shares may then be listed.

SECTION 14.  AMENDMENT AND TERMINATION OF PLAN
----------------------------------------------

         (a) AMENDMENT. The Board may from time to time amend the Plan, or any
provision thereof, in such respects as the Board may deem advisable except that
it may not amend the Plan without shareholder approval so as to:

               (i)  increase the maximum number of Shares that may be issued
          under the Plan except in accordance with Section 3(c);

               (ii)  permit the granting of Options with exercise prices lower
          than those specified in Section 6;

               (iii) materially modify the requirements as to eligibility for
          participation in the Plan; or

               (iv)  prevent future grant of Incentive Awards to qualify as
          "performance based" within the meaning of Section 162(m)(4)(C) of the
          Code.

         (b) TERMINATION. The Board may at any time terminate the Plan.

         (c) EFFECT OF AMENDMENT OR TERMINATION. Any amendment or the
termination of the Plan shall not adversely affect any Incentive Award
previously granted nor disqualify an Incentive Award from being treated as
"performance based" within the meaning of Section 162(m)(4)(C) of the Code.
Incentive Awards outstanding at the time that the Plan is amended or

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terminated shall remain in full force and effect as if the Plan had not been
amended or terminated.

SECTION 15.  NOTICES
--------------------

         Each notice relating to the Plan shall be in writing and delivered in
person or by certified or registered mail to the proper address. Each notice to
the Committee shall be addressed as follows: Amcast Industrial Corporation, 7887
Washington Village Drive, Post Office Box 98, Dayton, Ohio 45401-0098,
Attention: Compensation Committee. Each notice to a Participant shall be
addressed to the Participant at the address of the Participant maintained by the
Company on its books and records. Anyone to whom a notice may be given under
this Plan may designate a new address by written notice to the other party to
that effect.

SECTION 16.  BENEFITS OF PLAN
-----------------------------

         This Plan shall inure to the benefit of and be binding upon each
successor of the Company. All rights and obligations imposed upon a Participant
and all rights granted to the Company under this Plan shall be binding upon the
Participant's heirs, legal representatives and successors.

SECTION 17.  PRONOUNS AND PLURALS
---------------------------------

         All pronouns shall be deemed to refer to the masculine, feminine,
singular or plural, as the identity of the person or persons may require.

SECTION 18.  SHAREHOLDER APPROVAL AND TERM OF PLAN
--------------------------------------------------

         (a) The Plan shall become effective upon its adoption by the Board. No
payment of cash or Shares in connection with an Incentive Award shall be made,
and no Option shall be exercised, prior to the approval of the Plan by the
affirmative vote of the holders of a majority of the outstanding Shares present,
in person or by proxy, and entitled to vote at an annual meeting of the
shareholders of the Company. Unless the Plan shall be so approved by the
shareholders of the Company at the next annual meeting after its adoption by the
Board, the Plan shall terminate and all Incentive Awards granted under the Plan
shall be canceled.

         (b) Unless sooner terminated under Section 14, the Plan shall be in
effect from the date of its adoption by the Board and automatically terminate on
the tenth anniversary of its adoption by the Board.

---------------------
(1)  The Plan was approved by the Board on August 25, 1999 and by shareholders
     on December 15, 1999 and subsequently amended by the shareholders on
     December 19, 2001.

                                       11<PAGE>

                                                                     EXHIBIT 4.4

                              AMENDED AND RESTATED
                              --------------------
                       1999 DIRECTOR STOCK INCENTIVE PLAN
                       ----------------------------------

1.       PURPOSE

         The purpose of this 1999 Director Stock Incentive Plan (the "Plan") is
to encourage increased stock ownership of Amcast Industrial Corporation (the
"Company") by members of the Board of directors of the Company who are not
employees of the Company or any of its Subsidiaries and whose continued services
as directors are considered important to the Company's continued progress. The
Plan's additional purpose is to benefit the Company by providing such directors
with a further incentive to continue as directors of the Company and increase
shareholder value.

2.       DEFINITIONS

         (a)      "Board" means the Board of Directors of the Company.

         (b)      "Company" means Amcast Industrial Corporation, an Ohio
corporation.

         (c)      "Code" means the Internal Revenue Code of 1986, as amended.

         (d) "Fair Market Value" means the mean of the high and low sales prices
of a Share on the date when the value of a Share is to be determined, as
reported on the New York Stock Exchange Composite Transaction Tape; or, if no
sale is reported for such date, then on the next preceding date on which a sale
is reported; or, if the Shares are no longer listed on such exchange, the
determination of such value shall be made by the Board in accordance with
applicable provisions of the Code and related regulations promulgated under the
Code.

         (e) "Option" means a nonqualified stock option that is not entitled to
special tax treatment under Section 422A of the Code.

         (f) "Outside Director" means a director of the Company who is not
employed by the Company or a Subsidiary of the Company.

         (g) "Restricted Share" means any common shares of Company stock granted
under the provisions of Section 8 hereof.

         (h) "Shares" means the common shares of the Company.

         (i) "Subsidiary" means any company more than 50 percent of the voting
stock of which is owned or controlled, directly or indirectly, by the Company.

3.       SHARES SUBJECT TO THE PLAN

         (a) MAXIMUM NUMBER. The maximum number of Shares that may be subject to
Options or Restricted Shares granted pursuant to the Plan shall be two hundred
fifty thousand (250,000), subject to adjustment in accordance with Subsection
3(b). The Shares which may be issued pursuant to Options or Restricted Shares
may be authorized and unissued Shares or Shares held in the Company's treasury.
In the event of an expiration, termination, or cancellation of any

<PAGE>

Option or Restricted Shares granted under the Plan without the issuance of
Shares, the Shares subject to such Option or Restricted Share grants shall no
longer be charged against the 250,000 Share maximum and may again be used for
new Options or Restricted Share grants.

         (b) RECAPITALIZATION ADJUSTMENT. In the event of any change affecting
the Shares by reason of any share dividend or split, recapitalization, merger,
consolidation, spin-off, combination or exchange of shares or other corporate
change, or any distributions to a holder of Shares other than cash dividends,
the Committee shall make such adjustment, if any, as it may deem appropriate to
avoid dilution in the number and kind of shares authorized for issuance under
the Plan, in the number and kind of shares covered by Options or Restricted
Share grants, and in the option price of outstanding Options.

4.       ADMINISTRATION

         The Plan shall be administered by the Board. The Board shall have all
the powers vested in it by the terms of the Plan, such powers to include
authority (within the limitations described herein) to prescribe the form of the
agreement embodying awards of Options or Restricted Share grants made under the
Plan. Grants of Options or Restricted Share grants under the Plan shall be
automatic as provided in Section 6(a). The Board shall, subject to the
provisions of the Plan, have the power to construe the Plan, to determine all
questions arising thereunder, and to adopt and amend such rules and regulations
for the administration of the Plan as it may deem desirable. Any decision of the
Board in the administration of the Plan, as described herein, shall be final and
conclusive. No member of the Board shall be liable for any action taken or
decision made in good faith relating to the Plan or any Option or Restricted
Share grants.

5.       ELIGIBILITY

         Each Outside Director of the Company shall be eligible to participate
in the Plan.

6.       TERMS AND CONDITIONS OF OPTIONS

         Each option granted under the Plan shall be evidenced by a signed
written agreement in such form as the Board shall prescribe from time to time in
accordance with the Plan, and shall comply with the following terms and
conditions:

         (a) AUTOMATIC GRANT OF OPTIONS. On the first business day of January of
each year, each Outside Director who is a director of the Company on such date
shall automatically be granted an Option for one thousand five hundred (1,500)
Shares. All Options granted under the Plan shall be nonqualified stock options.
The purchase price of a Share under each Option shall be the Fair Market Value
of a Share on the date of grant.

         (b) EXERCISABILITY AND PERIOD OF OPTION. Each Option shall become first
exercisable one year after the date upon which it was granted, provided,
however, that any Option granted pursuant to the Plan shall, if not then
exercisable, become exercisable in full upon the retirement of the Outside
Director because of age ("Retirement") or total and permanent disability (as
determined in the sole discretion of the Board), or upon the death of the
Outside Director. No Option shall be exercisable after the expiration of ten
(10) years from the date upon which such Option is granted. Each Option shall be
subject to termination before its date of expiration as provided in Section 7.

         (c) NOTICE OF EXERCISE AND PAYMENT. An Option granted under the Plan
may be exercised by the optionee giving written notice of exercise to the
Secretary of the Company. The Option

                                      -2-
<PAGE>

price for Shares purchased shall be paid in full at the time such notice is
given. An Option shall be deemed exercised on the date the Secretary receives
written notice of exercise, together with full payment for the Shares purchased.
The Option price shall be paid to the Company either in cash, by delivery to the
Company of Shares already owned by the optionee or in any combination of cash
and such Shares. In the event already-owned Shares are used to pay all or a
portion of the Option price, the amount credited to payment of the Option price
shall be the Fair Market Value of the already-owned Shares on the date the
Option is exercised.

         (d) FRACTIONAL SHARES. No fractional Shares shall be issued pursuant to
the exercise of an Option, nor shall any cash payment be made in lieu of
fractional Shares.

         (e) OPTIONS NONTRANSFERABLE. Each Option granted under the Plan shall,
by its terms, be nontransferable otherwise than by will or the laws of descent
and distribution, and an Option may be exercised, during the lifetime of the
Outside Director, only by such Outside Director or, if permissible under
applicable law, by the Outside Director's guardian or legal representative. No
Option or interest therein may be transferred, assigned, pledged, or
hypothecated by the optionee during his or her lifetime whether by operation of
law or otherwise, or be made subject to execution, attachment, or similar
process.

7.       TERMINATION OF SERVICE

         (a) TERMINATION OF SERVICE OTHER THAN DUE TO RETIREMENT OR DEATH. In
the event that an Outside Director shall cease to be a director, other than by
reason of Retirement or death, then the Outside Director may exercise the Option
during the nine (9)-month period following such termination, but, in no event,
after the expiration of the Option. In the event that the Option is not
exercised during the nine (9)-month period following termination, it shall
expire at the end of such nine (9)-month period. In the event that an Outside
Director ceases to be a director other than by reason of Retirement or death,
and then dies during the nine (9)-month period following such termination of
service as a director, then the Option may be exercised by a legatee or legatees
of the Outside Director under his last will, or by his personal representatives
or distributees, at any time within a period of one year after the Outside
Director's death, but, in no event, after expiration of the Option. In the event
that the Option is not exercised during the one-year period after the Outside
Director's death, then it shall expire at the end of such one-year period.

         (b) RETIREMENT. In the event that an Outside Director shall cease to be
a director because of Retirement, then the Outside Director may exercise the
Option at any time during the remaining term of the Option. In the event that an
Outside Director dies following Retirement, then the Option theretofore granted
to the Outside Director may be exercised by a legatee or legatees of the Outside
Director under his last will, or by his personal representatives or
distributees, at any time during the remaining term of the Option.

         (c) DEATH. In the event that an Outside Director shall cease to be a
director because of death, then the Option theretofore granted to the Outside
Director may be exercised by a legatee or legatees of the Outside Director under
his last will, or by his personal representatives or distributees, at any time
during the remaining term of the Option.

                                      -3-
<PAGE>

8.       RESTRICTED SHARE AWARDS

         The Board may issue Restricted Shares to a Director which Shares shall
be subject to the following terms and conditions and such other terms and
conditions as the Board may prescribe in connection with the grant of a
Restricted Share Award:

         (a) GENERAL. With respect to each grant of Restricted Shares, the
Board, in its sole discretion, shall determine the period during which the
restrictions set forth at Subsection 8(a) shall apply to the Restricted Shares
(the "Restricted Period").

         (b) RESTRICTIONS. At the time of grant of Restricted Shares to a
Director, a certificate representing the number of shares granted shall be
registered in his name but shall be held by the Company for the account of the
Director. The Director shall have the entire beneficial ownership interest in,
and all rights and privileges of a shareholder as to, such Restricted Shares,
including the right to receive dividends and the right to vote such Restricted
Shares, subject to the following restrictions: (i) subject to Section 8(c), the
Director shall not be entitled to delivery of the Share certificate until the
expiration of the Restricted Period; (ii) none of the Restricted Shares may be
sold, transferred, assigned, pledged, or otherwise encumbered or disposed of
during the Restricted Period; and (iii) all of the Restricted Shares shall be
forfeited and all rights of the Director to such Restricted Shares shall
terminate without further obligation on the part of the Company unless the
Director remains a Director of the Company for the entire Restricted Period in
relation to which such Restricted Shares were granted, except as provided by
Section 8(c). Any Shares received with respect to Restricted Shares as a result
of a recapitalization adjustment pursuant to Section 3(b) shall be subject to
the same restrictions as such Restricted Shares.

         (c)  TERMINATION OF SERVICE AS A DIRECTOR.

                  (i) RETIREMENT. If a Director ceases to be a Director of the
Company prior to the end of a Restricted Period by reason of retirement with the
consent of the Company, the number of Restricted Shares remaining in the
Director's account shall vest in the Director and all restrictions on such
number of Shares shall lapse. A certificate for such Shares shall be delivered
to the Director in accordance with the provisions of Section 8(d) hereof.

                  (ii) DEATH. If a Director ceases to be a Director of the
Company prior to the end of a Restricted Period by reason of death, the
Restricted Shares granted to such Director shall immediately vest in his
beneficiary or estate and all restrictions applicable to such Shares shall
lapse. A certificate for such Shares shall be delivered to the Director's
beneficiary or estate in accordance with the provisions of Subsection 8(d).

                  (iii) ALL OTHER TERMINATIONS. If a Director ceases to be a
Director prior to the end of a Restricted Period for any reason other than
retirement or death, the Director shall immediately forfeit all Restricted
Shares then subject to the restrictions of Section 8(b) in accordance with the
provisions thereof, except that the Board may, if it finds that the
circumstances in the particular case so warrant, allow a Director whose
employment has so terminated to retain any or all of the Restricted Shares then
subject to the restrictions of Section 8(b) and all restrictions applicable to
such retained shares shall lapse. A certificate for such retained shares shall
be delivered to the Director in accordance with the provisions of Section 8(d).

         (d) PAYMENT OF RESTRICTED SHARES. At the end of the Restricted Period
or at such earlier time as provided for in Subsection 8(c), all restrictions
applicable to the Restricted Shares shall lapse and a Share certificate for a
number of Shares equal to the number of Restricted Shares, free of all
restrictions, shall be delivered to the Director or his beneficiary or estate,
as the case may be.

                                      -4-
<PAGE>

9.       LIMITATION OF RIGHTS

         Neither the Plan, nor the granting of an Option or Restricted Share
award nor any other action taken pursuant to the Plan shall constitute or be
evidence of any agreement or understanding, express or implied, that the Company
will retain an Outside Director for any period of time, or at any particular
rate of compensation.

10.      COMPLIANCE WITH LAWS AND EXCHANGE REQUIREMENTS

         No Option or Restricted Share grant shall be granted and no Shares
shall be issued in connection with any Option unless the Option or Restricted
Share grant and the issuance and delivery of Shares upon exercise of the Option
or Restricted Share grant shall comply with all relevant provisions of state and
federal law, including, without limitation, the Securities Act of 1933, the
Securities Exchange Act of 1934, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the Shares may
then be listed.

11.      AMENDMENT AND TERMINATION OF PLAN

         (a) AMENDMENT. The Board may from time to time amend the Plan, or any
provision thereof, in such respects as the Board may deem advisable.

         (b) TERMINATION. The Board may at any time terminate the Plan.

         (c) EFFECT OF AMENDMENT OR TERMINATION. Any amendment or the
termination of the Plan shall not adversely affect any Option or Restricted
Share grant previously granted and such Option or Restricted Share grant shall
remain in full force and effect as if the Plan had not been amended or
terminated.

12.      NOTICES

         Each notice relating to the Plan shall be in writing and delivered in
person or by certified or registered mail to the proper address. Each notice to
the Board shall be addressed as follows: Amcast Industrial Corporation, 7887
Washington Village Drive, Dayton, Ohio 45459, Attention: Secretary. Each notice
to a participant shall be addressed to the participant at the address of the
participant maintained by the Company on its books and records. Anyone to whom a
notice may be given under this Plan may designate a new address by written
notice to the other party to that effect.

13.      BENEFITS OF PLAN

         This Plan shall inure to the benefit of and be binding upon each
successor of the Company. All rights and obligations imposed upon a participant
and all rights granted to the Company under this Plan shall be binding upon the
participant's heirs, legal representatives, and successors.

                                      -5-
<PAGE>

14.      PRONOUNS AND PLURALS

         All pronouns shall be deemed to refer to the masculine, feminine,
singular or plural, as the identity of the person or persons may require.

15.      EFFECTIVE DATE AND TERM OF PLAN

         The plan shall become effective January 1, 1999. Unless sooner
terminated under Section 10, the Plan shall be in effect for a period of ten
years and automatically terminate on the tenth anniversary of its Effective
Date.

                                      -6-

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