Document:

Form of Amd 1 to the Aleris Corp 2010 Equity Incentive Plan RSU Agreement

 Exhibit 10.15.1 

ALERIS CORPORATION 
 2010 EQUITY INCENTIVE PLAN 
 Form of 

AMENDMENT 1 TO 
 RESTRICTED STOCK UNIT AGREEMENT 
 On June 11, 2011 you were granted restricted stock
units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan (the “Plan”). 
 In light of the Company becoming a public company, we have amended, restated and renamed the Plan as the 2011 Equity Incentive Plan and we have mutually agreed to amend the terms of your Award Agreement,
effective immediately prior to the effectiveness of a 2011 initial public offering of the Company (the “IPO”), as follows: 
  

	1.	Section 1. Grant of Restricted Stock Units. The last two sentences of Section 1 are deleted. 

 

	2.	Section 9(b). Governmental Regulations and Stop-Transfer Orders. Section 9(b) is amended to delete subsections 9(b)(v), 9(c) and 9(d).

  

	3.	Section 10(b). Tax Reporting. Section 10(b) is amended and restated to read in its entirety as follows: 

(b) For purposes of this Agreement, “Fair Market Value” is defined in the Plan. 

 

	4.	Section 13. Stockholders Agreement. Section 13 is deleted. 

 

	5.	Section 15. Restricted Stock Units Subject to the Plan. Section 15 is amended and restated to read in its entirety as follows:

 Restricted Stock Units Subject to the Plan. By entering into this Agreement, the Participant agrees and
acknowledges that (i) the Participant has received and read a copy of the Plan as in effect on the date hereof, and (ii) the Restricted Stock Units are subject to the Plan. In the event of a conflict between any term or provision contained
in this Agreement and any term or provision of the Plan, the terms and provisions of this Agreement shall prevail. No amendment to the Plan or this Agreement that is inconsistent with the express terms of this Agreement and that adversely affects
any of the Participant’s rights under this Agreement shall be effective as to this Agreement without the Participant’s prior written consent; provided, however, the Committee may amend the Plan and this Agreement to the extent necessary to
comply with the applicable law. 
  

	6.	Effective date of this Amendment. This Amendment is effective immediately prior to the effectiveness of the IPO. 

 

	7.	Continued Terms of Restricted Stock Units. Except as otherwise amended in this Agreement, your restricted stock units remain subject in all respects to the terms
and conditions of the Award Agreement and the 2011 Equity Incentive Plan and you acknowledge that a copy of the 2011 Equity Incentive Plan has been provided to you. 

 
 8146573.3 

 Please indicate your acceptance of this Amendment to the Award Agreement with respect to your restricted
stock units by signing and returning a copy of this Amendment to the address set forth below as soon as practicable. 
  

	
	ALERIS CORPORATION
	
	  
	Christopher R. Clegg
	 Executive Vice President, General Counsel & Secretary

	     

	
	 
	Participant:
	Date:

  
 2 

 8146573.3Amendment 1 to the Aleris Corp 2010 Equity Incentive Plan RSU Agreement

 Exhibit 10.16.1 

ALERIS CORPORATION 
 2010 EQUITY INCENTIVE PLAN 
 AMENDMENT 1 TO 

RESTRICTED STOCK UNIT AGREEMENT 
 On February 2, 2011 you were granted restricted stock units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan
(the “Plan”). 
 In light of the Company becoming a public company, we have amended, restated and renamed the Plan as the
2011Equity Incentive Plan and we have mutually agreed to amend the terms of your Award Agreement, effective immediately prior to the effectiveness of a 2011 initial public offering of the Company (the “IPO”), as follows: 

 

	1.	Section 1. Grant of Restricted Stock Units. The last two sentences of Section 1 are deleted. 

 

	2.	Section 9(b). Governmental Regulations and Stop-Transfer Orders. Section 9(b) is amended to delete subsections 9(b)(v), 9(c) and 9(d).

  

	3.	Section 10(b). Tax Reporting. Section 10(b) is amended and restated to read in its entirety as follows: 

(b) For purposes of this Agreement, “Fair Market Value” is defined in the Plan. 

 

	4.	Section 13. Stockholders Agreement. Section 13 is deleted. 

 

	5.	Section 15. Restricted Stock Units Subject to the Plan. Section 15 is amended and restated to read in its entirety as follows:

 Restricted Stock Units Subject to the Plan. By entering into this Agreement, the Participant agrees and
acknowledges that (i) the Participant has received and read a copy of the Plan as in effect on the date hereof, and (ii) the Restricted Stock Units are subject to the Plan. In the event of a conflict between any term or provision contained
in this Agreement and any term or provision of the Plan, the terms and provisions of this Agreement shall prevail. No amendment to the Plan or this Agreement that is inconsistent with the express terms of this Agreement and that adversely affects
any of the Participant’s rights under this Agreement shall be effective as to this Agreement without the Participant’s prior written consent; provided, however, the Committee may amend the Plan and this Agreement to the extent necessary to
comply with the applicable law. 
  

	6.	Effective date of this Amendment. This Amendment is effective immediately prior to the effectiveness of the IPO. 

 

	7.	Continued Terms of Restricted Stock Units. Except as otherwise amended in this Agreement, your restricted stock units remain subject in all respects to the terms
and conditions of the Award Agreement and the 2011 Equity Incentive Plan and you acknowledge that a copy of the 2011 Equity Incentive Plan has been provided to you. 

 
 8167036.1 

 Please indicate your acceptance of this Amendment to the Award Agreement with respect to your restricted
stock units by signing and returning a copy of this Amendment to the address set forth below as soon as practicable. 
  

	
	ALERIS CORPORATION
	
	  
	Christopher R. Clegg
	 Executive Vice President, General Counsel & Secretary

	
	  
	K. Alan Dick
	Date:

  
 2 

 8167036.1Form of Amd 1 to the Aleris Corp 2010 Equity Incentive Plan RSU Award Agmt

 Exhibit 10.17.1 

ALERIS CORPORATION 
 2010 EQUITY INCENTIVE PLAN 
 Form of 

AMENDMENT 1 TO THE 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

                       
 , 2011 
 TO: 
 FROM: Aleris
Corporation (formerly “Aleris Holding Company”) 
  

	Re:	Amendment 1 to Restricted Stock Unit Award Agreement 

 On June 11, 2010, you were granted Restricted Stock Units of Aleris Corporation (the “Company”) pursuant to an Award Agreement issued under the Company’s 2010 Equity Incentive Plan
(the “Plan”). 
 In light of the Company becoming a public company, we have amended, restated and renamed the Plan as the 2011
Equity Incentive Plan and we are amending the terms of your Award Agreement, effective immediately prior to the effectiveness of a 2011 initial public offering of the Company (the “IPO”), as follows: 

 

	1.	Section 1(f). Key Terms; Change of Control. The reference to Plan Section 11 in Section 1(f) is amended to Plan Section 12.

  

	2.	Section 2. Settlement. Section 2 is amended to read in its entirety as follows: 

Settlement. The Restricted Stock Units credited to your Account will be settled by the Company within ten (10) days
after they vest (and, upon such settlement, will cease to be credited to your Account). At the time of settlement, the Company will issue you a number of Shares equal to the number of Restricted Stock Units that just vested (such Shares, the
“RSU Shares”). However, unless you timely provide the cash required to satisfy all withholding taxes due in connection with such settlement, the Company will hold back from the RSU Shares otherwise deliverable on settlement the
number of RSU Shares necessary to pay those taxes. The Company will in its sole discretion determine the appropriate manner of dealing with fractional shares, including cancellation without payment. The Company will enter your name as a stockholder
of record on the books of the Company with respect to the RSU Shares so issued. 
  

	3.	Section 3. Early Termination of the Restricted Stock Units. The references to Plan Sections 11 and 15(b) are amended to Plan Sections 12 and
17(b), respectively. 

  

	4.	Section 4. Company Call Right. Section 4 is deleted. 

 
 8146236.3 

	5.	Section 6. Restricted Stock Units Subject to Plan and Stockholders Agreement. Section 6 is amended to change the heading to read Restricted Stock Units
Subject to Plan and to amend Sections 6(a) and (b) to read as follows: 

  

	 	(a)	Employee Acknowledgements. By entering into this Award Agreement, you agree and acknowledge that (i) the Restricted Stock Units are subject in all respects
to the Plan; (ii) the Restricted Stock Units are subject to Plan provisions under which, in certain circumstances, the Committee may terminate your Restricted Stock Units and/or make adjustments to the kind and/or number of shares or property
underlying the Restricted Stock Units; and (iii) the Committee has discretion to interpret and administer the Plan and this Award Agreement and its judgments made in accordance with the Plan are final. 

 

	 	(b)	Conflicts. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the term or provision contained in the
Plan shall control. 

  

	6.	The acknowledgment and statement within the box in the Award Agreement is deleted. 

 

	7.	Effective Date of this Amendment. This Amendment is effective immediately prior to the effectiveness of the IPO. 

 

	8.	Continued Terms of Restricted Stock Units. Except as otherwise amended in this agreement, your Restricted Stock Units remain subject in all respects to the terms
and conditions of the Award Agreement and the 2011 Equity Incentive Plan. A copy of the 2011 Equity Incentive Plan has been provided to you. 

  

	
	Sincerely,
	
	  
	Christopher R. Clegg
	Executive Vice President, General Counsel & Secretary

  
 2 

 8146236.3

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