Document:

EX-10(v)

 Exhibit 10(v) 

ARCONIC SUPPLEMENTAL PENSION PLAN FOR SENIOR EXECUTIVES 

(as amended and restated August 1, 2016) 

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

This Excess Plan is for the exclusive benefit of select management and highly compensated employees (1) whose Pension Service terminates
on or after January 1, 1999, (2) who are participants in the IC Rules adopted under Arconic Retirement Plan I and/or in the Arconic Employees’ Excess Benefits Plan B due to their previous participation in the IC Rules, (3) who
meet the requirements for participation hereunder, and (4) whose monthly retirement benefits under other benefit plans are less than the monthly retirement benefits calculated under this Excess Plan. Effective December 31, 2007, this
Excess Plan was frozen as to new participants, and only certain Participants as of that date will be eligible for a benefit accrual under this Excess Plan. 

ARTICLE I - DEFINITIONS 
 1.1 The
following terms have the specified meanings: 
 “Annual Compensation” means the total payments which includes 100% of Performance
Pay and Incentive Compensation Awards, made by the Company, and by any Subsidiaries or affiliates of the Company, for any period of Pension Service, for services rendered as a salaried employee, except as otherwise provided by contractual agreement.
Annual Compensation does not include living and similar allowances, premium pay, and payments made for specific purposes as determined under supplemental rules adopted by the Company. Annual Compensation includes any amounts by which the Participant
has elected to reduce his or her salary under any Arconic Savings Plan, and also includes amounts deferred under any non-qualified deferred compensation arrangement that would otherwise meet the definition of
Annual Compensation. “Special Payments” within the meaning of the Arconic Deferred Compensation Plan are not treated as Annual Compensation. 

“Average Final Compensation” means the average Annual Compensation received during the five highest paid calendar years out of the
ten calendar years (including the calendar year in which such compensation was discontinued if this would increase Average Final Compensation), immediately preceding the Participant’s termination of Pension Service by virtue of employment
termination, retirement or death. 
 “Board of Directors” means the Board of Directors of the Company. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Benefits Management Committee of the Company, which has been delegated by the Board of Directors to have the
discretionary authority to interpret and administer this Excess Plan. 
 “Company” means Alcoa Inc. It is contemplated that Alcoa
Inc. will formally change its corporate name to Arconic Inc. in the second half of 2016. 
 “Excess Benefits” means the monthly
benefits payable under this Excess Plan at such time as the Participant’s monthly Pension Benefits are determinable under the Other Plan(s). Subject to Section 2.1, the Excess Benefits are calculated in the following manner: 

(1) On and after Age 62: 

(a) 1.1% of Average Final Compensation times each year of Pension Service up to the Social Security “Covered
Compensation” amount as defined in the IC Rules, plus 

 (b) 1.475% of Average Final Compensation in excess of Covered Compensation for
each year of Pension Service. 
 (2) Before Age 62: 

(a) 1.475% of Average Final Compensation for each year of Pension Service, reduced by 

(b) For Participants who retire prior to attaining age 62 on any type of pension provided under the Other Plan(s) (other than a
55/10 pension under the IC Rules, or 55/10 pension equivalent under Excess Plan B), the Excess Benefits calculated as described in 2(a) above are reduced by 1% for each year, prorated monthly for a partial year, their retirement precedes age 62.

 (3) The Excess Benefits calculated in paragraphs (1) or (2) above are reduced by any and all applicable reductions
and offsets in accordance with the provisions of the Other Plan(s), (i.e., actuarial reductions and any other percentage reduction made in order to create a joint and survivor annuity, offsets for social security benefits, offsets for other
pensions, etc.). 
 Effective at the close of business on December 31, 2011, Plan I, Rule IC was amended to stop future
accruals of age and service for purposes of calculating the amount of a 70/80 Retirement or a Rule of 65 Retirement for any Participant in a job grade 19 or above on October 1, 2012. Effective January 1, 2012, this Excess Plan was amended
to provide accruals for a 70/80 Retirement for age and service accrued on or after January 1, 2012, including any applicable Supplemental Pension (as such terms are described under Plan I, Rule IC), for any such impacted Participant who meets
the age, service and other contingent eligibility requirements for such Retirement and Supplement on or after that date under this nonqualified Plan; subject to any offset for 70/80 Retirement payments made under Rule IC (including an offset for any
70/80 Retirement benefit provided due to a Change in Control). 
 (4) The Excess Benefits for the Participant’s
Surviving Spouse equals 50% of the Participant’s Excess Benefits, determined in accordance with the Surviving Spouse Pension provision in the Other Plan(s). If the Participant’s death occurs prior to his or her attainment of age 62, the
Participant’s Excess Benefits, for the purpose of determining the Excess Benefits for the Surviving Spouse, are not be subject to the foregoing paragraph (2)(b). 

“Excess Plan” means the Arconic Supplemental Pension Plan for Senior Executives adopted by the Company as described herein or from
time to time amended hereafter. 
 “Excess Plan B” means the Arconic Employees’ Excess Benefits Plan B as now in effect and
as from time to time amended hereafter. 
 “IC Rules” means the IC Rules adopted under Arconic Retirement Plan I as now in effect
and as from time to time amended hereafter. 
 “Other Plan(s)” means the IC Rules, any other defined benefit retirement plan of
the Company or any Subsidiary, Employees’ Excess Benefits Plan A of the Company, Excess Benefits Plan B, and Arconic Employees’ Excess Benefits Plan C. Effective December 31, 2007, Participants in this Excess Plan became ineligible to
participate in Arconic Excess Benefits Plan C and have no accrual under that plan. 
 “Participant” means any employee
(1) whose Pension Service terminates on or after January 1, 1999, (2) who is a participant in the IC Rules or Excess Plan B, and (3) who has a job band of 70 (formerly job grade of

  
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27) or higher, as determined by the Company. Effective December 31, 2007, no new Participants will participate in this Excess Plan. Effective August 1, 2016, “Participant”
shall not include any person who is a participant in the Alcoa USA Supplemental Pension Plan for Senior Executives. 
 “Pension
Benefits” means any and all retirement benefits provided under the Other Plan(s), excluding the Special Retirement Pension or Supplemental Pension provided under the IC Rules or the equivalent thereof provided under Excess Plan B. 

“Pension Service” means the service used to calculate the Participant’s monthly retirement benefit under the Other Plan(s).

 “Plan I” means Arconic Retirement Plan I (prior to August 1, 2016, referred to as Alcoa Retirement Plan I). 

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

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

 2.1 All Excess Benefits will be payable to a Participant, or Surviving Spouse as described in Section 2.2. 

2.2 Excess Benefits are payable to a Participant or Surviving Spouse under this Excess Plan only in conjunction with monthly Pension Benefits,
payable under the Other Plan(s) and will commence concurrently with monthly Pension Benefits payable to the Participant or Surviving Spouse under the Other Plan(s). Upon the cessation of payment of monthly Pension Benefits to a Participant or
Surviving Spouse under the Other Plan(s), Excess Benefits payable under this Excess Plan will concurrently cease. 
 Effective
January 1, 2009, all Excess Benefits not in pay status, will be payable in monthly installments as provided below: 
 a. Excess Benefits
will be payable commencing on the last day of the month of 
 i) a Participant’s Retirement, or 

  
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 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. 
 Notwithstanding the foregoing,
effective December 16, 2009, a subsequent election may be made by an active participant that delays the date payment the Excess Benefits commence to the later of age 62 or retirement subject to the following: 

1) payment must commence on a date that is at least 5 years from the date payment would have commenced pursuant to the original election, or
the date to which commencement of payment defaults where no election was made, and 
 2) provided further that such subsequent election
shall not take effect before the date that is 12 months following the date the subsequent election is received by the Plan. 
 The
subsequent election remains subject to all other requirements and provisions of the original election. To the extent the foregoing requirements for the subsequent election are not fulfilled, the original election (or default, if no election was
made) will apply. 
 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 Benefits payable with respect to a 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 Benefits 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 Benefits paid during his or her lifetime is reduced, and an amount equal to 50% of the Excess Benefits 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 Excess Plan. 

To the extent a Participant dies before his or her payments have begun, payments to the Surviving Spouse will be as follows:

 1) If the Participant dies while accruing pension service, the survivor annuity under this Excess Plan will begin the month following the
Participant’s death. 

  
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 2) If the Participant dies after pension service has terminated, the survivor annuity under this
Excess Plan will begin the later of: the month following the Participant’s death or the month after the Participant would have turned age 55. 

e. The form of payment of Excess Benefits paid to a Participant who has no Surviving Spouse on the date payment of Excess Benefits commences is
a single life annuity as described in Rule IC. 
 2.3 This Excess Plan is not to be construed as conferring any rights upon any Participant
for continuation of employment with the Company or any Subsidiary, nor will it interfere with the rights of the Company or any Subsidiary to terminate the employment of any Participant and/or to take any personnel action affecting any Participant
without regard to the effect which such action might have upon such Participant or Surviving Spouse as a prospective recipient of Excess Benefits under this Excess Plan. 

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

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

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

ARTICLE III - CONTRIBUTIONS 

3.1 Excess Benefits payable hereunder are payable out of the general assets of the Company or a participating Subsidiary, no segregation of
assets for such Excess Benefits will be made, and the right of a Participant, Surviving Spouse and/or beneficiary to receive Excess Benefits under this Excess Plan is that of an unsecured claim against those assets, except as the Company in its sole
discretion otherwise provides. 
 ARTICLE IV - ADMINISTRATION OF EXCESS PLAN 

4.1 The general administration of this Excess Plan is by the Committee, which has the discretionary authority to make all decisions regarding
this Excess Plan. The Committee’s discretion with respect to this Excess Plan includes the authority to determine eligibility under all provisions, correct all defects, supply all omissions, reconcile all inconsistencies in plan, ensure all
Excess Benefits are paid in accordance to this Excess Plan, interpret plan provisions for all Participants or Surviving Spouses, and decide all issues of credibility necessary to carry out and operate this Excess Plan. Excess Benefits under this
Excess Plan will be paid only if the Committee in its sole and absolute discretion decides that the applicant is entitled to them. All actions, decisions, or interpretations of the Committee are conclusive, final, and binding. 

ARTICLE V - AMENDMENT AND TERMINATION 

5.1 This Excess Plan may be amended, suspended or terminated at any time by the Board of Directors or any other entity approved by the Board
of Directors, including the Committee, provided, however, that no such 

  
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amendment, suspension or termination will reduce or in any manner adversely affect any Participant’s rights with respect to Excess Benefits that are payable or may become payable under
Article II as of the date of such amendment, suspension or termination. This Excess Plan may also be amended, from time to time by Committee, except for amendments which have more than a minimal effect upon the Company’s cost of providing
Excess Benefits for Company employees at the officer level. 
 5.2 Provisions Upon Change of Control. Notwithstanding any other
provision of the plan, in the event of a Change in Control, as defined in Plan I, neither the Company, the Board of Directors, the plan administrator, the Committee or other designee of the Board of Directors, may, during the three-year period
commencing on the date that the Change of Control occurs: 
 A. Amend, modify, or terminate the Plan, except to the extent as may be legally
required by any law or regulations prescribed thereunder, or any provisions of the Code or any regulation prescribed thereunder; or 
 B.
Reduce future Excess Benefits of any Participant. 
 ARTICLE VI - CONSTRUCTION 

6.1 This Excess Plan is construed, regulated and administered under the laws (except the law of conflicts) of the Commonwealth of Pennsylvania
except as modified by any applicable law. 
 ARTICLE VII - CLAIMS AND APPEALS 

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

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

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

(e) The plan administrator may extend the above 60-day period an additional 60 days if
required by special circumstances beyond the control of the plan administrator. 
 7.2 In the case where the plan administrator requires an
extension of the period to provide a determination on an initial claim or an appeal, the Plan will notify the Participant, Surviving Spouse or beneficiary, or their representative, prior to the expiration of the initial determination period. The
notification will describe the circumstances requiring the extension and the date a determination is expected to be made. If additional information is required from the Participant, Surviving Spouse or beneficiary, the determination period will be
suspended until the earlier of i) the date the information is received by the plan administrator or ii) 45 days from the date the information was requested. 

  
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 7.3 Participants, Surviving Spouses or Beneficiaries, or their representative, who having
received an adverse appeal determination and thereby exhausted the remedies provided under this Excess Plan, proceed to file suit in state or federal court, must file such suit within 180 days from the date of the adverse appeal determination notice
or any right to file such suit will be permanently foreclosed. 

  
 7EX-10(x)

 Exhibit 10(x) 

ARCONIC INC. 
 CHANGE IN
CONTROL SEVERANCE PLAN 
 The Company hereby amends and restates, effective as of February 27, 2017, the Arconic Inc. Change in
Control Severance Plan (this “Plan”), which was originally adopted on January 11, 2002 (the “Effective Date”) and subsequently amended on January 1, 2010. All capitalized terms used and not otherwise
defined herein are defined in Section 1 hereof. 
 SECTION 1. DEFINITIONS. As hereinafter used: 

1.1 “Affiliate” shall have the meaning set forth in Rule 12b-2 under Section 12
of the Exchange Act. 
 1.2 “Applicable Multiplier” shall mean (a) in the case of a Tier I Employee, three (3),
(b) in the case of a Tier II Employee, two (2), and (c) in the case of a Tier III Employee, one and one-half (1.5); provided, however, that, with respect to an Eligible Employee who
incurs a Severance Event during the three-year period immediately preceding such individual’s Mandatory Retirement Age, such multiplier shall be multiplied by a fraction, the numerator of which is the number of full and partial months remaining
until such Eligible Employee attains Mandatory Retirement Age, and the denominator of which is thirty-six (36). 

1.3 “Applicable Period” shall mean (a) in the case of a Tier I Employee, the
thirty-six (36)-month period immediately following such Tier I Employee’s Severance Date, (b) in the case of a Tier II Employee, the twenty-four (24)-month period immediately following such Tier II
Employee’s Severance Date, and (c) in the case of a Tier III Employee, the eighteen (18)-month period immediately following such Tier III Employee’s Severance Date; provided, however, that, with respect to an Eligible
Employee who incurs a Severance Event during the three-year period immediately preceding such individual’s Mandatory Retirement Age, such period shall be multiplied by a fraction, the numerator of which is the number of full and partial months
remaining until such Eligible Employee attains Mandatory Retirement Age, and the denominator of which is thirty-six (36). 

1.4 “Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under the
Exchange Act. 
 1.5 “Board” means (a) prior to a Change in Control, the Board of Directors of the Company and
(b) following a Change in Control, if the Company is not the ultimate parent corporation of the group that includes the Company and all of its Affiliates and is not publicly traded, the board of directors of the ultimate parent company of such
group. 
 1.6 “Business Combination” shall have the meaning set forth in Section 1.8(c). 

1.7 “Cause” means: (a) the willful and continued failure by the Eligible Employee to substantially perform the Eligible
Employee’s duties with the Employer that has not been cured within thirty (30) days after a written demand for substantial performance is delivered 

 
to the Eligible Employee by the Board, which demand specifically identifies the manner in which the Board believes that the Eligible Employee has not substantially performed the Eligible
Employee’s duties, or (b) the willful engaging by the Eligible Employee in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise. For purposes of clauses (a) and (b) of this definition,
(i) no act, or failure to act, on the Eligible Employee’s part shall be deemed “willful” unless done, or omitted to be done, by the Eligible Employee not in good faith and without reasonable belief that the Eligible
Employee’s act, or failure to act, was in the best interest of the Company and (ii) in the event of a dispute concerning the application of this provision, no claim by the Company that Cause exists shall be given effect unless the Board
determines that it has been established by clear and convincing evidence that Cause exists is adopted by the affirmative vote of not less than three quarters (3/4) of the entire membership of the Board (after reasonable notice to the Eligible
Employee and an opportunity for the Eligible Employee, together with the Eligible Employee’s counsel, to be heard by the Board). 
 1.8
“Change in Control” means the occurrence of an event set forth in any one of the following paragraphs: 

(a) any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a
“Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either (A) the then-outstanding shares of common stock of
the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding
Company Voting Securities”); provided, however, that, for purposes of this Section 1.8, the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company,
(ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its Affiliates or (iv) any acquisition pursuant to a transaction that complies
with Sections 1.8(c)(i), 1.8(c)(ii) and 1.8(c)(iii); 
 (b) individuals who, as of the Effective Date, constitute the Board
(the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or
nomination for election, by the Company’s shareholders, was approved by a vote of at least two-thirds ( 2/3) of the directors then comprising
the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

(c) consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the
Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business
Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were 

  
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the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or
indirectly, 55% or more of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled
to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without
limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries) in substantially the same proportions as their ownership
immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any
employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity entitled to vote generally in
the election of directors (or, for a non-corporate entity, equivalent securities), except to the extent that such ownership existed prior to the Business Combination, and (iii) at least a majority of the
members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
 (d) the
shareholders of the Company approve a plan of complete liquidation or dissolution of the Company. 
 1.9 “Code” means the
Internal Revenue Code of 1986, as it may be amended from time to time. 
 1.10 “Committee” means the Compensation and
Benefits Committee of the Board. 
 1.11 “Company” means Arconic Inc. or any successors thereto. 

1.12 “DB Pension Plan” means any tax-qualified, supplemental or excess defined benefit
pension plan maintained by the Company or any of its Affiliates and any other defined benefit plan or agreement entered into between the Eligible Employee and the Company or any of its Affiliates which is designed to provide the Eligible Employee
with supplemental defined benefit retirement benefits. 
 1.13 “DC Pension Plan” means any
tax-qualified, supplemental or excess defined contribution plan maintained by the Company or any of its Affiliates and any other defined contribution plan or agreement entered into between the Eligible
Employee and the Company or any of its Affiliates which is designed to provide the Eligible Employee with supplemental defined contribution retirement benefits. 

  
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 1.14 “Delayed Payment Date” shall have the meaning given in Section 2.1(g). 

1.15 “Eligible Employee” means any Tier I, Tier II, or Tier III Employee. An Eligible Employee becomes a “Severed
Employee” once he or she incurs a Severance Event. 
 1.16 “Employer” means the Company or any of its Subsidiaries
that employs the applicable Eligible Employee. 
 1.17 “Entity” means any individual, entity, person (within the meaning of
Section 3(a)(9) of the Exchange Act), or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act), other than (a) an employee plan of the Company or any of its Affiliates, (b) any Affiliate of the Company,
(c) an underwriter temporarily holding securities pursuant to an offering of such securities, or (d) a corporation owned, directly or indirectly, by shareholders of the Company in substantially the same proportions as their ownership of
the Company. 
 1.18 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

1.19 “Excise Tax” shall mean any excise tax imposed under Section 4999 of the Code. 

1.20 “Good Reason” in respect of an Eligible Employee means the occurrence, after a Change in Control (or prior to a Change in
Control, under the circumstances described in the second sentence of Section 1.28 hereof, treating all references below to a “Change in Control” as references to a “Potential Change in Control”), of: 

(a) the assignment to the Eligible Employee of any duties inconsistent with the Eligible Employee’s employment status with
the Employer immediately prior to the Change in Control or a substantial adverse alteration in the nature or status of the Eligible Employee’s responsibilities from those in effect immediately prior to the Change in Control, including, but not
limited to, (i) with respect to a Tier I Employee, the Eligible Employee’s ceasing to hold the office as the sole chief executive officer of the Company (or its parent or successor) and to function in that capacity, reporting directly to
the board of directors of a public company, and (ii) with respect to a Tier II Employee, the Eligible Employee’s ceasing to report directly to the chief executive officer of a public company; 

(b) a reduction by the Company in the Eligible Employee’s total compensation and benefits in the aggregate from that in
effect immediately prior to the Change in Control. Total compensation and benefits includes, but is not limited to (i) annual base salary, annual variable compensation opportunity (taking into account applicable performance criteria and the
target bonus amount of annual variable compensation); (ii) long-term stock-based and cash incentive opportunity (taking into account applicable performance criteria and the target equity compensation amount); and (iii) benefits and
perquisites under pension, savings, life insurance, medical, health, disability, accident and material fringe benefit plans of the Company or its Subsidiaries or Affiliates in which the Eligible Employee was participating immediately before the
Change in Control; 

  
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 (c) the relocation of the Eligible Employee’s principal place of employment
to a location more than fifty (50) miles from the Eligible Employee’s principal place of employment immediately prior to the Change in Control; or 

(d) the failure by the Employer to pay to the Eligible Employee any portion of the Eligible Employee’s compensation,
within fourteen (14) days of the date such compensation is due. 
 The Eligible Employee’s right to terminate the Eligible
Employee’s employment for Good Reason shall not be affected by the Eligible Employee’s incapacity due to physical or mental illness. The Eligible Employee’s continued employment shall not constitute consent to, or a waiver of rights
with respect to, any act or failure to act constituting Good Reason hereunder. For purposes of any determination regarding the existence of Good Reason, any good faith determination by the Eligible Employee that Good Reason exists shall be
conclusive. 
 1.21 “Incumbent Board” shall have the meaning set forth in Section 1.8(b). 

1.22 “Mandatory Retirement Age” means, solely for purposes of this Plan, age seventy-five (75). 

1.23 “Notice of Termination” shall have the meaning set forth in Section 3.5. 

1.24 “Outstanding Company Common Stock” shall have the meaning set forth in Section 1.8(a). 

1.25 “Outstanding Company Voting Securities” shall have the meaning set forth in Section 1.8(a). 

1.26 “Person” shall have the meaning set forth in Section 1.8(a). 

1.27 “Plan Payments” shall have the meaning given in Section 2.2(a). 

1.28 A “Potential Change in Control” means the occurrence of an event set forth in any one of the following paragraphs: 

(a) the Company commences negotiating an agreement, the consummation of which may result in the occurrence of a Change in
Control; 
 (b) the Company or any Entity states an intention to take or to consider taking actions which, if consummated,
would constitute a Change in Control; 
 (c) any Entity becomes the Beneficial Owner, directly or indirectly, of securities
of the Company representing five percent (5%) or more of either the then-outstanding shares of common stock of the Company or the combined voting power of the Company’s then outstanding securities with the purpose or with the effect of changing
or influencing the control of the Company. 

  
 5 

 A Potential Change in Control shall be considered to be pending during the period beginning on
the date on which it occurs and ending on the occurrence of a subsequent Change in Control; provided, that a Potential Change in Control shall be considered to cease to be pending on the first anniversary of the date on which it occurs unless
either (i) a Change in Control has occurred prior to such first anniversary or (ii) the Incumbent Board determines that the Potential Change in Control is still pending; and if the Incumbent Board does so determine, then the Potential
Change in Control shall continue to be considered pending until the occurrence of a Change in Control or a determination by the Incumbent Board that the Potential Change in Control is no longer pending. 

1.29 A “Separation from Service” means a “separation from service” within the meaning of Section 409A of the Code
and Treasury Regulation Section 1.409A-1(h). 
 1.30 “Severance Event” means an
Eligible Employee’s Separation from Service on or within three (3) years immediately following the date of a Change in Control, (a) by the Employer other than for Cause, or (b) by the Eligible Employee for Good Reason. In
addition, for purposes of this Plan, the Eligible Employee shall be deemed to have incurred a Severance Event, if (i) the Eligible Employee’s Separation from Service occurs because his employment is terminated by the Employer without Cause
prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of an Entity that has entered into an agreement with the Company the consummation of which would constitute a Change
in Control or (ii) the Eligible Employee’s Separation from Service occurs because he terminates his employment for Good Reason during prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or
event which constitutes Good Reason occurs at the request or direction of such Entity. For purposes of any determination regarding the applicability of the immediately preceding sentence, any position taken by the Eligible Employee shall be presumed
to be correct unless the Board affirmatively determines that it has been established by clear and convincing evidence that such position is not correct. An Eligible Employee will not be considered to have incurred a Severance Event if his or her
employment is discontinued by reason of the Eligible Employee’s death or a physical or mental condition causing such Eligible Employee’s inability to substantially perform his or her duties with the Employer, including, without limitation,
such condition entitling him or her to benefits under any sick pay or disability income policy or program of the Company or any of its Affiliates. 

1.31 “Severance Date” means the date on which an Eligible Employee’s Severance Event takes place. 

1.32 “Severance Pay” shall have the meaning set forth in Section 2.1(a). 

1.33 “Severed Employee” shall have the meaning set forth in Section 1.15. 

1.34 “Subsidiary” shall have the meaning set forth in Rule 12b-2 under Section 12
of the Exchange Act. 
 1.35 “Tier I Employee” means the Chief Executive Officer of the Company. 

1.36 “Tier II Employee” means any Executive Vice President of the Company. 

  
 6 

 1.37 “Tier III Employee” means each Board-elected officer who is not a Tier I
Employee or Tier II Employee. 
 SECTION 2. BENEFITS. 

2.1 Severance Payments and Benefits. Each Severed Employee shall be entitled, subject to Section 2.4, to receive the
following payments and benefits from the Company. 
 (a) Severance Pay. A lump sum cash amount (the “Severance Pay”)
equal to the product of (i) the sum of (A) the Severed Employee’s annual base salary, and (B) the Severed Employee’s target annual cash incentive compensation as in effect immediately prior to the Change in Control, and
(ii) the Applicable Multiplier. For purposes of this Section 2.1(a), annual base salary shall be the higher of the Severed Employee’s (x) base monthly salary in the calendar month immediately preceding a Change in Control and
(y) base monthly salary in the calendar month immediately preceding the Severed Employee’s Severance Date (in each case, without regard to any reductions therein which constitute Good Reason), multiplied by twelve (12). 

(b) Benefits. During the Applicable Period, the Company shall arrange to provide the Severed Employee and anyone entitled to claim
through the Severed Employee life, accident and health (including medical, behavioral, prescription drug, dental and vision) benefits substantially similar to those provided to the Severed Employee and anyone entitled to claim through the Severed
Employee immediately prior to the Severed Employee’s Severance Date or, if more favorable to the Severed Employee, those provided to the Severed Employee and those entitled to claim through the Severed Employee immediately prior to the first
occurrence of an event or circumstance constituting Good Reason, at no greater after-tax cost to the Severed Employee than the after tax cost to the Severed Employee immediately prior to such Severance Date or
occurrence. 
 (c) Pension Plans. In addition to the retirement benefits to which the Severed Employee is entitled under each DC
Pension Plan, the Company shall pay the Severed Employee a lump sum cash amount equal to the product of (i) the value of contributions or allocations actually made by the Company (excluding any employee deferrals or contributions, and earnings)
to all DC Pension Plans, on behalf of the employee, with respect to the calendar year immediately preceding the year in which the Change in Control occurs (but assuming such contributions and allocations had been based on the annualized base salary
plus target annual cash incentive compensation as determined in Section 2.1(a)) and (ii) the Applicable Multiplier. 
 (d) DB
Pension Plans. In addition to the retirement benefits to which the Severed Employee is entitled under each DB Pension Plan, the Company shall pay the Severed Employee a lump sum cash amount equal to the excess of the actuarial equivalent of the
aggregate retirement pension (taking into account any early retirement subsidies associated therewith and determined in accordance with the normal form of payment under each DB Pension Plan, commencing at the date on or after the last day of the
Applicable Period as of which the actuarial equivalent of such form of payment is greatest) which the Severed Employee would have accrued and vested in under the terms of all DB Pension Plans determined: 

  
 7 

 (i) without regard to any amendment to any DB Pension Plan made subsequent to a
Change in Control and on or prior to the date of the Severed Employee’s Severance Date, which amendment adversely affects in any manner the computation of retirement benefits thereunder, and 

(ii) for all purposes of determining pension benefits and eligibility for such benefits, including all applicable retirement
subsidies, as if the Severed Employee had accumulated (after the Severed Employee’s Severance Date) the number of additional months of age and service credit thereunder that the Severed Employee would have accumulated had the Severed Employee
remained employed by the Company during the Applicable Period, and 
 (iii) as if the Severed Employee had been credited
under each DB Pension Plan with compensation, for each full calendar month during the Applicable Period following the calendar month of the Severed Employee’s Severance Date, equal to the Severed Employee’s annualized base salary plus
target annual cash incentive compensation as determined in Section 2.1(a), divided by twelve (12); 
 over the actuarial equivalent of the aggregate
retirement pension (taking into account any early retirement subsidies associated therewith and determined in accordance with the normal form of payment under each DB Pension Plan, commencing at the date on or after the Severed Employee’s
Severance Date as of which the actuarial equivalent of such form of payment is greatest) that the Severed Employee had accrued and vested in pursuant to the provisions of the DB Pension Plans as of the Severed Employee’s Severance Date. 

For purposes of this Section 2.1(d), “actuarial equivalent” shall be determined based upon the Severed Employee’s age as of the Severed
Employee’s Severance Date using the same assumptions utilized under the Arconic Retirement Plan I, Section 8.3(d)(ii) or the successor to such provision (without regard to applicable dollar limitations ($5,000 as of the Effective Date))
immediately prior to the Severed Employee’s Severance Date or, if more favorable to the Severed Employee, immediately prior to the first occurrence of an event or circumstance constituting Good Reason. 

(e) Post-Retirement Benefit Plans. If the Severed Employee would have become entitled to benefits under the Company’s
post-retirement health care plans, as in effect immediately prior to the Severed Employee’s Severance Date or, if more favorable to the Severed Employee, as in effect immediately prior to the first occurrence of an event or circumstance
constituting Good Reason, had the Severed Employee’s employment terminated at any time during the Applicable Period, the Company shall provide such post-retirement health care benefits to the Severed Employee and the Severed Employee’s
dependents commencing on the later of (i) the date on which such coverage would have first become available in accordance with the terms of the applicable plan and (ii) the date on which benefits described in Section 2.1(b) terminate, and
ending upon the death of the Eligible Employee Any such benefit that is dependent on service or compensation shall be determined as if the Severed Employee had accumulated (after the Severed Employee’s Severance Date) the number of additional
months of age and service credit thereunder that the Severed Employee would have accumulated had the 

  
 8 

 
Severed Employee remained employed by the Company through the end of the Applicable Period, and as if the Severed Employee had been credited with compensation for each full calendar month
following the calendar month of the Severed Employee’s Severance Date up to the end of the Applicable Period equal to the Severed Employee’s annualized based salary as determined in Section 2.1(a), plus the Severed Employee’s
target annual cash incentive compensation as determined in Section 2.1(a), divided by twelve (12). Except for the additional service and compensation credit during the Applicable Period, nothing herein is intended to provide the Severed
Employee with benefits that exceed the benefits provided to other participants in the applicable post-retirement health care plans, as in effect from time to time. 

(f) The Company shall provide the Severed Employee with reasonable outplacement services suitable to the Severed Employee’s position
through the date that is six (6) months following the Severed Employee’s Severance Date or, if earlier, the date on which the Severed Employee first accepts an offer of employment from a new employer. 

(g) The amounts described in Sections 2.1(a), (c) and (d) shall be paid to the Eligible Employee in a cash lump sum as soon as
practicable after the Severance Date but in no event later than thirty (30) days after the Severance Date; provided that, if the Severed Employee is, as of the Severance Date, a “specified employee” within the meaning of
Section 409A of the Code as determined in accordance with the methodology duly adopted by the Company as in effect on the Severance Date, then such lump sum amounts shall instead be paid on the first business day that is at least six
(6) months after the Severance Date (or if sooner, upon the death of the Severed Employee) (the “Delayed Payment Date”), with interest at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code, from
the first business day after the Severance Date through the Delayed Payment Date. 
 2.2 Reduction of Certain Payments. 

(a) Anything in this Plan to the contrary notwithstanding, if the Accounting Firm (as defined below) shall determine that receipt of all
Payments (as defined below) of any Severed Employee would subject the Severed Employee to the Excise Tax, the Accounting Firm shall determine whether to reduce any of the Payments paid or payable pursuant to this Plan (the “Plan
Payments”) so that the Parachute Value (as defined below) of all Payments, in the aggregate, equals the Safe Harbor Amount (as defined below). The Plan Payments shall be so reduced only if the Accounting Firm determines that the Severed
Employee would have a greater Net After-Tax Receipt (as defined below) of aggregate Payments if the Plan Payments were so reduced. If the Accounting Firm determines that the Severed Employee would not have a
greater Net After-Tax Receipt of aggregate Payments if the Plan Payments were so reduced, the Severed Employee shall receive all Plan Payments to which the Participant is entitled hereunder. 

(b) If the Accounting Firm determines that aggregate Plan Payments should be reduced so that the Parachute Value of all Payments, in the
aggregate, equals the Safe Harbor Amount, the Company shall promptly give the Severed Employee notice to that effect and a copy of the detailed calculation thereof. All determinations made by the Accounting Firm under this Section 2.2 shall be
binding upon the Company, its Affiliates and the Severed Employee and shall be made as soon as reasonably practicable and in no event later than fifteen 

  
 9 

 
(15) days following the Severance Date. For purposes of reducing the Plan Payments so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount, only amounts
payable under the Plan (and no other Payments) shall be reduced. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the Plan Payments that have a Parachute Value in the following order: Section 2.1(c), Section
2.1(d), Section 2.1(a), Section 2.1(b), in each case, beginning with payments or benefits that do not constitute non-qualified deferred compensation and reducing payments or benefits in reverse chronological
order beginning with those that are to be paid or provided the farthest in time from the Severance Date, based on the Accounting Firm’s determination. All reasonable fees and expenses of the Accounting Firm shall be borne solely by the Company.

 (c) To the extent requested by the Severed Employee, the Company and its Affiliates shall cooperate with the Severed Employee in good
faith in valuing, and the Accounting Firm shall take into account the value of, services provided or to be provided by the Severed Employee (including, without limitation, the Severed Employee’s agreeing to refrain from performing services
pursuant to a covenant not to compete or similar covenant, before, on or after the date of a change in ownership or control of the Company (within the meaning of Q&A-2(b) of the final regulations under
Section 280G of the Code)), such that payments in respect of such services may be considered reasonable compensation within the meaning of Q&A-9 and Q&A-40 to Q&A-44 of the Treasury Regulations under Section 280G of the Code and/or exempt from the definition of the term “parachute payment” within the meaning of
Q&A-2(a) of the Treasury Regulations under Section 280G of the Code in accordance with Q&A-5(a) of the Treasury Regulations under Section 280G of the Code. 

(d) The following terms shall have the following meanings for purposes of this Section 2.2: 

“Accounting Firm” shall mean a nationally recognized certified public accounting firm or other professional
organization that is a certified public accounting firm recognized as an expert in determinations and calculations for purposes of Section 280G of the Code that is selected by the Company prior to a Change in Control for purposes of making the
applicable determinations hereunder. 
 “Net After-Tax Receipt”
shall mean the present value (as determined in accordance with Sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of a Payment net of all taxes imposed on the Participant with respect thereto under Sections 1 and 4999 of the Code and under
applicable state and local laws, determined by applying the highest marginal rate under Section 1 of the Code and under state and local laws which applied to the Severed Employee’s taxable income for the immediately preceding taxable year,
or such other rate(s) as the Accounting Firm determines to be likely to apply to the Severed Employee in the relevant tax year(s). 

“Parachute Value” of a Payment shall mean the present value as of the date of the change in control for
purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2) of the Code, as determined by the Accounting Firm for purposes of determining whether and to what extent
the Excise Tax will apply to such Payment. 

  
 10 

 “Payment” shall mean any payment or distribution in the nature
of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Severed Employee, whether paid or payable pursuant to this Plan or otherwise. 

“Safe Harbor Amount” shall mean the maximum Parachute Value of all Payments that the Severed Employee can
receive without any Payments being subject to the Excise Tax. 
 The provisions of this Section 2.2 shall survive the expiration or
termination of the Plan. 
 2.3 Legal Fees. The Company shall pay to any Eligible Employee all legal fees and expenses incurred by
such Eligible Employee in disputing in good faith any issue hereunder or in seeking in good faith to obtain or enforce any benefit or right provided by this Plan; provided, that the payment of legal fees hereunder by the Company shall
not be required if the Eligible Employee pursues such dispute in a manner inconsistent with the provisions of Section 3.3 hereof; and provided further, that the Eligible Employee shall be required to repay any such amounts to
the Company to the extent that an arbitrator issues a final, unappealable order setting forth a determination that the position taken by the Eligible Employee was frivolous or advanced in bad faith. The Company shall pay to the Eligible Employee all
legal fees and expenses incurred in connection with any tax audit or proceeding to the extent attributable to the application of Section 4999 of the Code to any payment or benefit provided hereunder. All payments for legal fees and expenses
shall be made within fourteen (14) business days after delivery of the Eligible Employee’s written requests for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require. In order to comply
with Section 409A of the Code, in no event shall the payments by the Company under this Section 2.3 be made later than the end of the calendar year next following the calendar year in which such fees and expenses were incurred,
provided, that the Eligible Employee shall have submitted an invoice for such fees and expenses at least fourteen (14) business days before the end of the calendar year next following the calendar year in which such fees and expenses
were incurred. The amount of such legal fees and expenses that the Company is obligated to pay in any given calendar year shall not affect the legal fees and expenses that the Company is obligated to pay in any other calendar year, and the Eligible
Employee’s right to have the Company pay such legal fees and expenses may not be liquidated or exchanged for any other benefit. 
 2.4
Withholding. The Company shall be entitled to withhold from amounts to be paid to any Eligible Employee hereunder any federal, state or local withholding or other taxes or charges (or foreign equivalents of such taxes or charges) which it is
from time to time required to withhold under applicable law or regulation. 
 2.5 Status of Plan Payments. No payments or benefits
pursuant to this Plan shall constitute “compensation” (or similar term) under any employee benefit plan sponsored or maintained by the Company or any of its Affiliates, including any DB Pension Plan or DC Pension Plan. 

  
 11 

 2.6 Mitigation; Setoff. A Severed Employee is not required to seek other employment or
attempt in any way to reduce any amounts payable to the Severed Employee under the Plan. Further, no payment or benefit provided for in this Plan shall be reduced by any compensation earned by the Severed Employee as a result of employment by
another employer, by retirement benefits, by offset against any amount claimed to be owed by the Severed Employee to the Company or its Affiliates, or otherwise. 

SECTION 3. PLAN ADMINISTRATION; CLAIMS PROCEDURES. 

3.1 The Committee shall administer the Plan and, prior to a Change in Control: 

(a) the Committee may interpret and construe the terms of the Plan, prescribe, amend and rescind rules and regulations under
the Plan and make all other determinations necessary or advisable for the administration of the Plan, subject to all of the provisions of the Plan; 

(b) any determination by the Committee shall be final and binding with respect to the subject matter thereof on all Eligible
Employees and all other persons; 
 (c) the Committee may delegate any of its duties hereunder to such person or persons from
time to time as it may designate. 
 Notwithstanding anything in the Plan to the contrary, after a Change in Control, neither the Committee nor any other
person shall have discretionary authority in the administration of the Plan, and any arbitrator, court or tribunal that adjudicates any dispute, controversy, or claim in connection with benefits under Section 2 will apply a de novo
standard of review to any determinations made by the Committee or the Company. Such de novo standard shall apply notwithstanding the grant of full discretion hereunder to the Committee or any person or characterization of any decision by the
Committee or by such person as final, binding or conclusive on any party. 
 3.2 The Committee is empowered, on behalf of the Company, to
engage accountants, legal counsel and such other personnel as it deems necessary or advisable to assist it in the performance of its duties under the Plan. The functions of any such persons engaged by the Committee shall be limited to the specified
services and duties for which they are engaged, and such persons shall have no other duties, obligations or responsibilities under the Plan. Such persons shall exercise no discretionary authority or discretionary control respecting the management of
the Plan. All reasonable expenses thereof shall be borne by the Company. 
 3.3 Claims Procedure. 

(a) In the event of a claim by an Eligible Employee, such Eligible Employee shall present the reason for his or her claim in writing to the
Committee. The Committee shall, within ninety (90) days after receipt of such written claim (unless special circumstances require an extension of up to ninety (90) days, in which case written notice of the extension shall be furnished to
the Eligible Employee prior to the end of the initial ninety (90)-day period, indicating the special circumstances requiring an extension and the date by which the 

  
 12 

 
Committee expects to render its decision), send a written notification to the Eligible Employee as to its disposition. In the event the claim is wholly or partially denied, such written
notification shall (i) state the specific reason or reasons for the denial, (ii) make specific reference to the relevant Plan provisions on which the denial is based, (iii) provide a description of any additional material or
information necessary for the Eligible Employee to perfect the claim and an explanation of why such material or information is necessary, and (iv) describe the Plan’s review procedures and the time limits applicable to such procedures,
including the Eligible Employee’s right to bring a civil action under Section 502(a) of ERISA following a full or partial denial of the claim on review. 

(b) In the event that an Eligible Employee wishes to appeal the denial of his or her claim he or she may request a review of such denial by
making application in writing to the Committee within sixty (60) days after receipt of such denial. An Eligible Employee (or his or her duly authorized legal representative) shall be provided, upon written request to the Committee and free of
charge, reasonable access to, and copies of, all documents, records or other information in the Company’s possession relevant to his or her claim and may submit comments, documents, records and other information relating to the claim, which
shall be taken into account by the Committee in reviewing its denial of the Eligible Employee’s claim, without regard to whether such information was submitted or considered in the initial claim. 

(c) Within sixty (60) days after receipt of a written appeal (unless special circumstances require an extension of up to sixty
(60) days, in which case written notice of the extension shall be furnished to the Eligible Employee prior to the end of the initial sixty (60)-day period, indicating the special circumstances requiring
an extension and the date by which the Committee expects to render its decision on review), the Committee shall notify the Eligible Employee of the final decision in writing. In the event the claim is wholly or partially denied on review, such
written notification shall (i) state the specific reason or reasons for the denial, (ii) make specific reference to the relevant Plan provisions on which the denial is based, (iii) a statement of the Eligible Employee’s
entitlement, upon written request to the Committee and free of charge, reasonable access to, and copies of, all documents, records or other information in the Company’s possession relevant to his or her claim, and (iv) describe the
Eligible Employee’s right to bring a civil action under Section 502(a) of ERISA. 
 (d) Notwithstanding the foregoing, upon the mutual
agreement of the Eligible Employee and the Committee, any claim, dispute or controversy that has been submitted by the Eligible Employee in writing to the Committee may be submitted directly to arbitration in accordance with Section 3.4. 

3.4 Any claim, dispute or controversy arising under or in connection with the Plan, and which is not resolved in accordance with
Section 3.3, shall be settled exclusively by arbitration in New York City. All claims, disputes and controversies shall be submitted to the CPR Institute for Dispute Resolution (“CPR”) in accordance with the CPR’s rules
then in effect; provided, however, that the evidentiary standards set forth in this Agreement shall apply. The claim, dispute or controversy shall be heard and decided by three (3) arbitrators selected from CPR’s employment panel. The
arbitrators’ decision shall be final and binding on all parties. Judgment may be entered on the arbitrators’ award in any court having jurisdiction. 

  
 13 

 3.5 Any purported termination of an Eligible Employee’s employment shall be communicated by
written Notice of Termination from one party hereto to the other party in accordance with Section 4.7. For purposes of this Plan, a “Notice of Termination” shall mean a notice which shall indicate the specific termination
provision in this Plan relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Eligible Employee’s employment under the provision so indicated, and shall specify the
Severance Date (which, in the case of a termination by the Company, shall not be less than thirty (30) days, and, in the case of a termination by the Eligible Employee, shall not be less than fifteen (15) days nor more than sixty
(60) days, respectively, after the date such Notice of Termination is given). 
 3.6 PLAN MODIFICATION OR TERMINATION. 

The Plan may be amended or terminated by the Board at any time; provided, however, that the Committee may make amendments to the
Plan (a) that are required by applicable law, (b) that will have minimal effect upon the Company’s cost of providing benefits under the Plan, or (c) that do not change or alter the character and intent of the Plan; and
provided, further that the Plan may not be terminated, or amended in any manner that adversely affects any Eligible Employee, (i) within three (3) years immediately following a Change in Control, or (ii) during the
pendency of a Potential Change in Control. 
 SECTION 4. GENERAL PROVISIONS. 

4.1 Except as otherwise provided herein or by law, no right or interest of any Eligible Employee under the Plan shall be assignable or
transferable, in whole or in part, either directly or by operation of law or otherwise, including, without limitation, by execution, levy, garnishment, attachment, pledge or in any manner. No attempted assignment or transfer of any such right or
interest shall be effective, and no right or interest of any Eligible Employee under the Plan shall be liable for, or subject to, any obligation or liability of such Eligible Employee. The Plan shall inure to the benefit of, and be binding upon, the
Company and its successors and assigns. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly
and agree to perform the obligations set forth in the Plan in the same manner and to the same extent as the Company would be required to do so. 

4.2 Neither the establishment of the Plan, nor any modification thereof, nor the creation of any fund, trust or account, nor the payment of any
benefits shall be construed as giving any Eligible Employee, or any person whomsoever, the right to be retained in the service of the Company, and all Eligible Employees shall remain subject to discharge to the same extent as if the Plan had never
been adopted. 
 4.3 If any provision of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not
affect any other provisions hereof, and this Plan shall be construed and enforced as if such provisions had not been included. 
 4.4 If a
Severed Employee dies while any amount is still payable to such Severed Employee, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Plan to the executor, personal representative or administrators
of the Severed Employee’s estate. 

  
 14 

 4.5 The headings and captions herein are provided for reference and convenience only, shall not
be considered part of the Plan, and shall not be employed in the construction of the Plan. 
 4.6 The Plan shall not be funded. No Eligible
Employee shall have any right to, or interest in, any assets of the Company which may be applied by the Company to the payment of benefits or other rights under this Plan. 

4.7 Any notice or other communication required or permitted pursuant to the terms hereof shall be in writing and shall be deemed to have been
duly given when personally delivered or when mailed by United States certified mail, return receipt requested, or by overnight courier, postage prepaid, to the Company at its corporate headquarters address, to the attention of the Chief Legal
Officer of the Company, or to the Eligible Employee at the Eligible Employee’s most recent home address reflected on the books and records of the Company. 

4.8 This Plan shall be construed and enforced according to the laws of the State of New York, without regard to its principles of conflicts of
law. 
 4.9 Payments to a Severed Employee under this Plan shall be in lieu of any severance or similar payments that otherwise might be
payable under any plan, program, policy or agreement sponsored or maintained by the Company that provides severance benefits to employees upon termination of employment, except that the payment or acceleration of equity or equity-based awards shall
be in addition to, rather than in lieu of, any payment or benefits due under the Plan. 
 4.10 The obligations under this Plan are intended
to comply with the requirements of Section 409A of the Code or an exemption or exclusion therefrom and shall in all respects be administered in accordance with Section 409A of the Code. Each payment of compensation under this Plan shall be treated
as a separate payment of compensation for purposes of applying Section 409A of the Code. All payments to be made upon a termination of employment under this Plan may only be made upon a “separation from service” under Section 409A of the
Code to the extent necessary in order to avoid the imposition of penalty taxes on a Severed Employee pursuant to Section 409A of the Code. In no event may a Severed Employee, directly or indirectly, designate the calendar year of any payment under
this Plan. Notwithstanding anything to the contrary in this Plan, all reimbursements and in-kind benefits provided under this Plan that are subject to Section 409A of the Code shall be made in accordance with
the requirements of Section 409A of the Code, including without limitation, where applicable, the requirement that (a) the amount of expenses eligible for reimbursement, or in-kind benefits provided,
during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (b) the reimbursement of any eligible fees and expenses shall
be made no later than the last day of the calendar year following the year in which the applicable fees and expenses were incurred; and (c) the right to reimbursement or in-kind benefits is not subject to
liquidation or exchange for another benefit. 

  
 15 

 IN WITNESS WHEROF, the undersigned has caused this Plan to be effective as of the date first set
forth above. 
  

			
	ARCONIC INC.
		
	By:	 	/s/ Katherine H. Ramundo
		 	Name: Katherine H. Ramundo
		 	Title:   Executive Vice President, Chief Legal
		 	            Officer and Secretary

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