Document:

EX-10.26

 Exhibit 10.26 

SUN NATIONAL BANK 

MANAGEMENT SEVERANCE AGREEMENT 

THIS MANAGEMENT SEVERANCE AGREEMENT (“Agreement”) entered into this 3rd day of July, 2014 (“Effective Date”), by and
between Sun National Bank (the “Bank”) and Alberino J. Celini (the “Executive”). 
 WHEREAS, the Bank wishes to employ
the Executive as an Executive Vice President and Chief Risk Officer for the Bank; and 
 WHEREAS, the parties desire by this writing to set
forth the rights and responsibilities of the Bank and Executive if the Bank should undergo a change in control (as defined hereinafter in the Agreement) after the Effective Date. 

NOW, THEREFORE, each party, intending to be legally bound, does hereby agree, as follows: 

1. Employment. The Executive is employed in the capacity as Executive Vice President and Chief Risk Officer of the Bank. The
Executive’s employment shall be for no definite period of time and the Executive or the Bank may terminate such employment relationship at any time for any reason or no reason. The employment at-will relationship remains in full force and
effect regardless of any statements to the contrary made by company personnel or set forth in any documents other than those explicitly made to the contrary and signed by the President of the Bank. The Executive shall render such administrative and
management services to the Bank and to Sun Bancorp, Inc., the parent bank holding company (“Company”), as are currently rendered and as are customarily performed by persons situated in a similar executive capacity. The Executive’s
other duties shall be such as the Board of Directors for the Bank (the “Board of Directors” or “Board”) may from time to time reasonably direct, including normal duties as an officer of the Bank and the Company. 

2. Term of Agreement. The term of this Agreement shall be for the period commencing on the Effective Date and ending one year thereafter
(“Term”). Additionally, as of each December 31, thereafter, the Term of this Agreement shall be extended for an additional period such that the Term of the Agreement as of such date of extension shall be for a new one-year period
thereafter; provided, however, such Term shall not be automatically extended as of December 31 of any given year if the Board shall give the Executive written notice not later than October 1 immediately prior to such December 31 date
that the Board has made a determination that such Agreement shall not be extended thereafter absent a future affirmative determination and resolution of the Board of Directors that the Term of such Agreement shall be extended beyond the then in
effect expiration date of such Agreement. The Term shall refer to the initial Term or any subsequent extension of such Term thereafter. 

 3. Termination of Employment in Connection with or Subsequent to a Change in Control. 

(a) Notwithstanding any provision herein to the contrary, in the event of the involuntary termination of Executive’s employment with the
Bank during the Term of this Agreement upon or within 18 months following any Change in Control of the Company or Bank, absent termination for Just Cause, Executive shall be paid an amount equal to 1.0 times the Executive’s annual base salary
in effect at the time of such termination of employment. Said sum shall be paid by the Bank to the Executive in one (1) lump sum not later than the date of Executive’s termination of service. 

In addition, the Executive and his dependents shall be eligible to continue coverage under the Bank’s (or its successor’s) medical
and dental insurance reimbursement plans similar to that in effect on the date of Termination of Employment for a period of not less than 18 months following the date of such Termination of Employment at the participants’ election and expense.

 Notwithstanding the forgoing, all sums payable hereunder shall be reduced in such manner and to such extent so that no such payments made
hereunder when aggregated with all other payments to be made to the Executive by the Bank or the Company shall be deemed an “excess parachute payment” in accordance with Section 280G of the Internal Revenue Code of 1986, as amended
(“Code”), and thereby subject the Executive to the excise tax provided at Section 4999(a) of the Code. The term “Change in Control” shall refer to (i) the sale of all, or a material portion, of the assets of the Company
or the Bank; (ii) the merger or recapitalization of the Company or the Bank whereby the Company or the Bank is not the surviving entity; (iii) a change in control of the Company or the Bank, as otherwise defined or determined by the Office
of the Comptroller of the Currency (“OCC”) or the Board of Governors of the Federal Reserve System (“FRB”) or regulations promulgated by such agencies; or (iv) the acquisition, directly or indirectly, of the beneficial
ownership (within the meaning of that term as it is used in Section 13(d) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder) of twenty-five percent (25%) or
more of the outstanding voting securities of the Company or the Bank by any person, trust, entity or group. The term “person” means an individual other than the Executive, or a corporation, partnership, trust, association, joint venture,
pool, syndicate, sole proprietorship, unincorporated organization or any other form of entity not specifically listed herein. The provisions of this Section 3(a) shall survive the expiration of this Agreement occurring after a Change in
Control. 
 (b) Notwithstanding any other provision of this Agreement to the contrary, Executive may voluntarily terminate his employment
during the Term of this Agreement upon or within 18 months following a Change in Control of the Company or Bank, and Executive shall thereupon be entitled to receive the payment described in Section 3(a) of this Agreement, upon the initial
occurrence, or within 90 days thereafter, of any of the following events, which have not been consented to in advance by the Executive in writing: 

(i) a material diminution in the Executive’s base compensation; 

(ii) a material diminution in the Executive’s authority, duties, or responsibilities; 

(iii) a material diminution in the budget over which the Executive retains authority; 

  
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 (iv) the Executive would be required to move his personal residence or perform his principal
executive functions more than thirty-five (35) miles from the Executive’s primary office as of the date of the signing of this Agreement; or 

(v) any other action or inaction that constitutes a material breach by the Bank of this Agreement. 

The provisions of this Section 3(b) shall survive the expiration of this Agreement occurring after a Change in Control. 

Notwithstanding the foregoing, in the event that the Executive gives notice to the Bank with respect to his Termination of Employment in
accordance with Section 3(b), the Bank will have a period of 30 calendar days following notice from the Executive during which period the Bank may remedy the condition giving rise to such right to terminate employment. In the event that the
Bank shall, in good faith remedy such circumstances giving rise to such right to terminate employment within such 30-day period, such notice of Termination of Employment shall be deemed withdrawn and not be deemed effective and the Bank shall not be
required to pay the amount due to the Executive under Section 3(a) with respect to such event. 
 4. Other Changes in Employment
Status; Non-Solicitation Restrictions. 
 (a) Except as provided for at Section 3 herein, the Board of Directors may terminate the
Executive’s employment at any time with or without Just Cause within its sole discretion. This Agreement shall not be deemed to give the Executive any right to be retained in the employment or service of the Bank, or to interfere with the right
of the Bank to terminate the employment of the Executive at any time. Except as provided at Sections 3 and 4 herein, this Agreement shall not give the Executive any right to receive compensation or other benefits for any period after Termination of
Employment with or without Just Cause. Termination for “Just Cause” shall include termination because of the Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit,
intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order issued by a federal banking regulatory having regulatory authority
over the Bank or Company, or a material breach of any provision of the Agreement. During the Term of the Agreement, if the Executive’s employment with the Bank is terminated by the Bank for reasons other than in conjunction with or within
eighteen months following a Change in Control (in accordance with Section 3 herein) or for Just Cause, death or disability, the Executive shall receive a severance payment (“Severance Payment”) as follows: eighteen (18) weeks of
base salary during the first two years of employment; thirty-two (32) weeks of base salary after completion of two years of employment; and one year of base salary after completion of five years of employment. Such Severance Payment will be
paid in the form of bi-weekly payments in accordance with the Bank’s scheduled payroll calendar. 
 (b) Following the Executive’s
termination of employment, the Executive will not, without the express written consent of Bank or the Company, directly or indirectly communicate or divulge to, or use for his own benefit or for the benefit of any other person, firm, association, or
corporation, any of the trade secrets, proprietary data or other confidential information communicated to or otherwise learned or acquired by the Executive from the Company, the Bank, or any subsidiary of such entities, except that Executive may
disclose such matters to the extent that disclosure is required by a court or other governmental agency of competent jurisdiction. 

  
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 (c) During the four (4) month period following the Executive’s termination of
employment in accordance with Section 4(a) herein or in conjunction with or within six (6) months following the Executive’s termination of employment in accordance with Section 3 herein: 

(i) Executive will not contact (with a view toward selling any product or service competitive with any product or service sold or proposed to
be sold by the Company, the Bank, or any subsidiary of such entities) any person, firm, association or corporation (A) to which the Company, the Bank, or any subsidiary of such entities sold any product or service, (B) which Executive
solicited, contacted or otherwise dealt with on behalf of the Company, the Bank, or any subsidiary of such entities, or (C) which Executive was otherwise aware was a client of the Company, the Bank, or any subsidiary of such entities. Executive
will not directly or indirectly make any such contact, either for his own benefit or for the benefit of any other person, firm, association, or corporation. 

(ii) Executive hereby agrees that he shall not engage in providing professional services or enter into employment as an employee, director,
consultant, representative, or similar relationship to any financial services enterprise (including but not limited to a savings and loan association, bank, credit union, or insurance company) whereby the Executive will have a work location within
the State of New Jersey, and is within 50 miles of the home office of the Bank located in Mt. Laurel, New Jersey or is within 15 miles of any office of the Company, the Bank, or any subsidiary of such entities existing as of the date of such
termination of employment. 
 (iii) Executive hereby agrees that he shall not, on his own behalf or on behalf of others, employ, solicit, or
induce, or attempt to employ, solicit or induce, any employee of the Company, the Bank, or any subsidiary of such entities, for employment with any financial services enterprise (including but not limited to a savings and loan association, bank,
credit union, or insurance company), nor will the Executive directly or indirectly, on his behalf or for others, seek to influence any employee of the Company, the Bank, or any subsidiary of such entities to leave the employ of the Company, the
Bank, or any subsidiary of such entities. 
 (iv) Executive will not make any public statements regarding the Company, the Bank, or any
subsidiary of such entities without the prior consent of the Company or the Bank, and the Executive shall not make any statements that disparage the Company, the Bank, or any subsidiary of such entities or the business practices of the Company, the
Bank, or any subsidiary of such entities. 
 (v) Executive acknowledges and agrees that irreparable injury will result to the Bank in the
event of a breach of any of the provisions of Section 4(c) (the “Designated Provisions”) and that the Bank will have no adequate remedy at law with respect thereto. Accordingly, in the event of a material breach of any Designated
Provision, and in addition to any other legal or equitable remedy the Bank may have, the Bank shall be entitled to the entry of a preliminary and a permanent injunction (including, without limitation, specific performance by a court of competent
jurisdiction located in Cumberland County, New Jersey, or elsewhere), to restrain the violation or breach thereof by Executive, and Executive shall submit to the jurisdiction of such court in any such action. 

  
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 (vi) The provisions of Sections 4(b) and 4(c) shall survive the expiration of this Agreement.

 5. Regulatory Exclusions. 

(a) Notwithstanding anything herein to the contrary, any payments made to the Executive pursuant to the Agreement, or otherwise, shall be
subject to and conditioned upon compliance with 12 USC § 1828(k) and any regulations promulgated thereunder, including the FDIC’s Regulations applicable to Golden Parachute Payments at 12 C.F.R. Part 359. 

(b) Notwithstanding anything herein to the contrary, in the event that the Executive’s employment with the Bank is terminated (other than
upon the death or disability of such Executive) at such time that the Bank or the Company is deemed to be in “troubled condition” in accordance with 12 USC § 1831i and applicable regulations of the OCC or the FRB or is otherwise
subject to the provisions of 12 C.F.R. Part 359, then any payments of severance in accordance with this Agreement or otherwise shall not be made by the Bank unless or until the Bank shall have received the prior written approval of the OCC and the
FDIC’s written concurrence with such approval. In such event, the Bank will promptly make and diligently pursue an application for approval of such payment by the appropriate federal banking agencies. 

(c) Clawback Provision. The Executive covenants and agrees that the Bank and its successors and assigns shall have the right to demand the
return of any “golden parachute payments” (as defined in 12 C.F.R. Part 359) in the event that any of them obtain information indicating that the Executive committed, is substantially responsible for, or has violated, the respective acts
or omissions, conditions, or offenses contained in 12 C.F.R. § 359.4(a)(4), and the Executive shall promptly return any such “golden parachute payment” upon such demand. 

6. Tax Matters. 
 (a) This
Agreement shall be amended to the extent necessary to comply with Section 409A of the Code and regulations promulgated thereunder. Prior to such amendment, and notwithstanding anything contained herein to the contrary, this Agreement shall be
construed in a manner consistent with Section 409A of the Code and the parties shall take such actions as are required to comply in good faith with the provisions of Section 409A of the Code such that payments shall not be made to the
Executive at such time if such payments shall subject the Executive to the penalty tax under Section 409A, but rather such payments shall be made by the Bank to the Executive at the earliest time permissible thereafter without the Executive
having liability for such penalty tax under Section 409A. 
 (b) Notwithstanding anything herein to the contrary, if and to the extent
termination payments under Section 3 shall constitute deferred compensation within the meaning of the Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and regulations promulgated

  
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thereunder, and if the payments under Sections 3 or 4 do not qualify as a short-term deferral under Code Section 409A and Treas. Reg. §1.409A-1(b)(4) (or any similar or successor
provisions), and the Executive is a Specified Employee within the meaning of Section 409A of the Code and regulations promulgated thereunder, then the payment of such termination payments that constitute deferred compensation under
Section 409A shall comply with Code Section 409A(a)(2)(B)(i) and the regulations thereunder, which generally provide that distributions of deferred compensation (within the meaning of Code Section 409A) to a Specified Employee that
are payable on account of Termination of Employment may not commence prior to the six (6) month anniversary of the Executive’s Termination of Employment (or, if earlier, the date of the Executive’s death). Amounts that would otherwise
be distributed to the Executive during such six (6) month period but for the preceding sentence shall be accumulated and paid to the Executive on the 185th day following the date of the
Executive’s Termination of Employment. 
 “Specified Employee” means, for an applicable twelve (12) month period
beginning on April 1, a key employee (as described in Code Section 416(i), determined without regard to paragraph (5) thereof) during the calendar year ending on the December 31 immediately preceding such April 1. 

“Termination of Employment” shall have the same meaning as “separation from service”, as that phrase is defined in Code
Section 409A (taking into account all rules and presumptions provided for in the Code Section 409A regulations). 
 (c)
Notwithstanding the six-month delay rule set forth in Section 5(c) above: 
 (i) To the maximum extent permitted under Code
Section 409A and Treas. Reg. §1.409A-1(b)(9)(iii) (or any similar or successor provisions), the Bank will pay the Executive an amount equal to the lesser of two times (1) the maximum amount that may be taken into account under a
qualified plan pursuant to Code Section 401(a)(17) for the year in which the Executive’s Termination of Employment occurs, and (2) the sum of the Executive’s annualized compensation based upon the annual rate of pay for services
provided to the Bank for the taxable year of the Executive preceding the taxable year of the Executive in which his Termination of Employment occurs (adjusted for any increase during that year that was expected to continue indefinitely if the
Executive had not had a Termination of Employment); provided that amounts paid under this Section 6(c) must be paid no later than the last day of the second taxable year of the Executive following the taxable year of the Executive in which
occurs the Termination of Employment and such amounts paid will count toward, and will not be in addition to, the total payment amount required to be made to the Executive by the Bank under Sections 3 or 4; and 

(ii) To the maximum extent permitted under Code Section 409A and Treas. Reg. §1.409A-1(b)(9)(v)(D) (or any similar or successor
provisions), within ten (10) days of the Termination of Employment, the Bank will pay the Executive an amount equal to the applicable dollar amount under Code Section 402(g)(1)(B) for the year of the Executive’s Termination of
Employment; provided that the amount paid under this Section 6(c) will count toward, and will not be in addition to, the total payment amount required to be made to the Executive by the Bank under Section 3. 

  
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 (d) To the extent that any reimbursements or in-kind payments are subject to Code
Section 409A, then such expenses (other than medical expenses) must be incurred before the last day of the second taxable year following the taxable year in which the termination occurred, provided that any reimbursement for such expenses be
paid before the Executive’s third taxable year following the taxable year in which the termination occurred. For medical expenses, to the extent the Agreement entitles the Executive to reimbursement by the Bank of payments of medical expenses
incurred and paid by the Executive but not reimbursed by a person other than the Bank and allowable as a deduction under Code Section 213 (disregarding the requirement of Code Section 213(a) that the deduction is available only to the
extent that such expenses exceed 7.5 percent of adjusted gross income), then the reimbursement applies during the period of time during which the Executive would be entitled (or would, but for the Agreement, be entitled) to continuation coverage
under a group health plan of the Bank under Code Section 4980B (COBRA) if the Executive elected such coverage and paid the applicable premiums. 

7. No Duty to Mitigate. The Executive shall not be required to mitigate the amount of any payment of severance benefits if he or she
accepts other compensation for employment with another entity. 
 8. Successors and Assigns. 

(a) This Agreement shall inure to the benefit of and be binding upon any corporate or other successor of the Bank which shall acquire, directly
or indirectly, by merger, consolidation, purchase or otherwise, all or substantially all of the assets or stock of the Bank. 
 (b) The
Executive shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Bank. 

9. Amendments. No amendments or additions to this Agreement shall be binding upon the parties hereto unless made in writing and signed
by both parties, except as herein otherwise specifically provided. 
 10. Applicable Law. This agreement shall be governed by all
respects whether as to validity, construction, capacity, performance or otherwise, by the laws of the State of New Jersey, except to the extent that Federal law shall be deemed to apply. 

11. Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision
shall not affect the validity or enforceability of the other provisions hereof. 
 12. Arbitration. Any controversy or claim arising
out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration in accordance with the rules then in effect of the district office of the American Arbitration Association (“AAA”) nearest to the home office of
the Bank, and judgment upon the award rendered may be entered in any court having jurisdiction thereof, except to the extend that the parties may otherwise reach a mutual settlement of such issue. The Bank shall reimburse Executive for all
reasonable costs and expenses, including reasonable attorneys’ fees, arising from such dispute, proceedings or actions, following the delivery of the decision of the arbitrator that the Executive’s claim has merit, whether or not the
arbitrator finds in favor of the Executive. The provisions of this Section 12 shall survive the expiration of this Agreement. 

  
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 13. Non-Disclosure. The Executive will not, during
or after the Term of this Agreement, directly or indirectly, disseminate or disclose to any person, firm or entity, except to his or her legal advisor, the terms of this Agreement without the written consent of the Bank. 

14. Release in Favor of the Company and the Bank. If the Executive is due to receive a payment by the Bank in accordance with Sections
3 or 4 of this Agreement upon a Termination of Employment, the Executive shall within 35 calendar days of such Termination of Employment, execute and deliver to the Bank a full release in favor of the Company, the Bank, their respective affiliates
and subsidiaries, and their respective officers and directors, which release shall (i) be in form and content which is fully compliant with all of those provisions of law to which the release pertains, and reasonably satisfactory to counsel to
the Bank; (ii) cover all actual or potential claims arising from the Executive’s employment with the Company, the Bank, their respective affiliates and subsidiaries, and the termination of such employment with all such entities; and
(iii) be prepared, reviewed and executed in a manner which is consistent with all requirements of law, including, without limitation, the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act. Notwithstanding the
foregoing, such release shall not apply to (i) earned but unpaid salary, (ii) rights to vested benefits under employee benefit plans, (iii) rights to benefits as a former employee (including but not limited to insurance continuation
and/or conversion rights under group medical, life and disability insurance plans), (iv) rights to continuing coverage under directors’ and officers and other errors and omissions insurance as well as rights to indemnification under
applicable charter and by-law provisions or corporate policy, (v) rights in respect of outstanding stock options that are exercisable following termination of employment in accordance with the terms of such options, (vi) rights as a
shareholder or customer of the Company, the Bank or any affiliate and (vii) rights under this Agreement. 
 Notwithstanding anything
herein to the contrary, such payments due in accordance with Sections 3 and 4 herein shall be made to the Executive by the Bank on the date which is sixty (60) days following the date of Termination of Employment (the “Payment Date”);
provided that the Executive shall have executed and delivered to the Bank the release required in accordance with Section 14 herein and all permissible revocation periods have lapsed without being exercised by the Executive as of such Payment
Date. If the release requirements at Section 14 have not been satisfied by the Executive as of such Payment Date, then the obligations of the Bank to make such payment to the Executive shall be nullified at such time. 

15. Entire Agreement. This Agreement together with any understanding or modifications thereof as agreed to in writing by the parties,
shall constitute the entire agreement between the parties hereto and shall supersede any prior agreements with respect to the matters set forth herein. 

16. Representations by Executive. The Executive hereby represents and warrants that the information furnished to the Bank with respect
to his application for employment and the personal, professional and financial information and disclosures provided by the Executive to the Bank and to the OCC as required for review and approval by the OCC with respect to the Executive’s

  
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employment as a senior officer of the Bank are true, complete and correct in all respects. In the event that the Bank or the OCC subsequently determines that any such information furnished by the
Executive is not true, complete or correct, the Executive acknowledges and agrees that such circumstance may result in the OCC not issuing a letter of non-objection with respect to the Bank’s employment of the Executive or the Bank determining
to terminate the employment of the Executive within its sole discretion without regard to any determination made by the OCC. Notwithstanding anything in this Agreement to the contrary, the Executive hereby acknowledges and agrees that under such
circumstances, the Bank may determine to terminate the employment of the Executive and that the Bank shall have no liability or obligation to the Executive with respect to any compensation or benefits following such termination of employment by the
Bank. 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on the date first hereinabove
written. 
  

							
					SUN NATIONAL BANK
				
	ATTEST:				By:		/s/ Thomas M. O’Brien
							Thomas M. O’Brien, President & CEO
			
	/s/ Rita Gannon				
				
	WITNESS:						
				
	/s/ Michele Estep						/s/ Alberino J. Celini
							Alberino J. Celini, Executive

  
 10EX-10.(g)

 Exhibit 10(g) 

RETIREMENT AND CONSULTING AGREEMENT 

The parties to this Retirement and Consulting Agreement (the “Agreement”) are Ampco-Pittsburgh Corporation, a Pennsylvania
corporation (the “Corporation”), and Robert A. Paul (the “Executive”). This Agreement is entered into and will become effective as of January 1, 2015 (the “Effective Date”). 

The Executive has announced his decision to retire from the Corporation as Chief Executive Officer effective December 31, 2014 (the
“Retirement Date”). Upon the Executive’s retirement, he may continue to serve as a member of the Board of Directors of the Corporation (the “Board of Directors”), subject to re-nomination by the Nominating and Governance
Committee of the Board of Directors and the Board of Directors as a whole and subject to election by the Corporation’s shareholders. Following the Retirement Date, the Corporation wishes to retain the Executive for the purpose of providing, and
the Executive has agreed to provide, certain consulting services. This Agreement is intended to set forth the terms applicable to the Executive’s retirement from the Corporation and the consulting arrangement following the Retirement Date. 

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows: 

1. Resignation and Retirement. Effective on the Retirement Date, the Executive will resign from all positions with the Corporation and any subsidiaries
of the Corporation then held by him, including, without limitation, Chief Executive Officer of the Corporation, and the Executive’s employment with the Corporation and any subsidiaries of the Corporation will terminate on the Retirement Date
due to his retirement. Notwithstanding the foregoing, the Executive may continue to serve as a member of the Board of Directors, subject to re-nomination by the Nominating and Governance Committee of the Board of Directors and the Board of Directors
as a whole and subject to election by the Corporation’s shareholders. 
  

	2.	Consulting Services. 

 (a) General. Beginning on January 1, 2015 and ending
on December 31, 2017 (such period, subject to the early termination provisions of Section 2(d) below, the “Consulting Period”), the Executive agrees to cooperate with the Corporation in the transition of management of the
Corporation following the Executive’s retirement and to provide such consulting services to the Corporation (the “Consulting Services”) as may be requested by the Board of Directors or the Chief Executive Officer and be agreed to by
the Executive, which agreement may not be unreasonably withheld by the Executive. The Executive agrees to make himself available for at least ninety (90) days of Consulting Services to the Corporation per annual period of the Consulting Period
(i.e., January 1 – December 31) under this Agreement. 
 (b) Independent Contractor Status and Performance of Consulting
Services. Nothing contained in this Agreement will be deemed to create an employment relationship between the Corporation and the Executive during the Consulting Period. In providing the Consulting Services, the Executive agrees and acknowledges
that he is an independent contractor and will not have authority to bind the Corporation with respect to any matter. In rendering Consulting Services under this Agreement, the Executive will be free to arrange his own time, pursuits and work
schedule and to determine the specific manner in which such services will be performed, without being required to observe any routine or requirement as to working hours. 

 (c) Non-exclusivity. The Corporation agrees and acknowledges that the Executive may offer
consulting services to other entities during the Consulting Period, subject to the confidentiality and proprietary rights provisions of this Agreement. 

(d) Early Termination of Consulting Period. Notwithstanding any provisions to the contrary in this Agreement, this Agreement may be
terminated prior to December 31, 2018 and the Consulting Period will be deemed to have expired upon any of the following: 

(i) The mutual written agreement of the parties to this Agreement providing for such termination; 

(ii) Immediately upon notice by the Corporation to the Executive of the Executive’s breach of the covenants set forth in
Sections 9 and 10 of this Agreement; and 
 (iii) Upon the death or permanent disability (as determined in good faith by the
Corporation) of the Executive. 
  

	3.	Payments and Benefits. 

 (a) In Connection with the Executive’s Retirement.
Upon the Executive’s retirement and termination from employment with the Corporation, the Executive will be entitled to payment of all accrued, but unpaid, salary, bonus, vacation or paid time-off and business expenses (to the extent properly
accounted for in accordance with the Corporation’s policies) as of the Retirement Date. In addition, the Executive will be entitled to all accrued and vested retirement benefits under any qualified or nonqualified plans or arrangements
sponsored by the Corporation in accordance with the terms and provisions of such plans or arrangements; provided, the Executive will not accrue additional service or benefits under such plans after December 31, 2014. The Executive’s
outstanding vested and unvested stock options, and the forfeiture and exercise dates thereof, are summarized in the stock option chart attached hereto and made a part hereof. 

(b) Bonus for 2014. The Executive will be eligible to receive any bonus awarded under the Corporation’s annual bonus program
applicable to the Executive for the 2014 fiscal year, based on achievement of the applicable performance goals for the year. The bonus, if any, will be paid in a lump sum between January 1, 2015 and March 15, 2015 after the amount of any
such bonus earned by the Executive is determined. Except as described in this Section 3(b), the Executive will not be entitled to any bonus or incentive compensation during the Consulting Period. 

(c) Automobile. The Executive will have the right to purchase the leased Corporation car, which is assigned to the Executive immediately
prior to the Retirement Date, at a price equal to wholesale market value. This right will expire on January 31, 2015. 

  
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 (d) Compensation and benefits. In consideration for the Consulting Services to be provided
by the Executive under this Agreement, the Corporation agrees to pay or provide the Executive the following compensation and benefits during the Consulting Period: 

(i) The amount of $33,333 per month (collectively, the “Payments”); 

(ii) The Corporation will reimburse the Executive the monthly cost of his COBRA (as defined below) election for medical and
dental insurance coverage for the Executive and his spouse; 
 (iii) The Corporation will provide an office and reasonable
secretarial support services, such office to be located within the same building in which the Executive’s office is currently located, provided, however, if the Corporation’s headquarters are relocated, new headquarters’ office space
reasonably acceptable to the Executive will be provided in place thereof; 
 (iv) The Corporation will reimburse the
Executive for all out-of-pocket expenses reasonably and necessarily incurred in the performance of the Consulting Services in accordance with the travel and business expense reimbursement policies of the Corporation in effect from time to time; and

 (v) In addition to reimbursement of business expenses under clause (iv) above, the Corporation will pay to, or on
behalf of, the Executive’s monthly parking fees. 
 (e) Compensation as Non-Executive Chairman. The parties to this Agreement
acknowledge that the Board of Directors passed a resolution on December 16, 2014 which appoints the Executive as the non-executive Chairman of the Board of Directors, effective January 1, 2015, and fixes an annual cash compensation of
$200,000, payable in equal quarterly installments, for the Executive’s service in such capacity and as a non-employee Director, with such compensation to be in lieu of any compensation otherwise payable to non-employee directors of the
Corporation. Subject to the authority of the Board of Directors to fix the compensation to be received by members of the Board of Directors, as set forth in the Corporation’s Amended and Restated By-Laws and applicable Pennsylvania law, the
Corporation shall pay to the Executive such compensation as is fixed by the Board of Directors from time to time for the Executive’s service as non-executive Chairman, and/or as a member of the Board of Directors. 

(f) Right to COBRA Continuation Coverage. The Corporation and the Executive agree and acknowledge that, for purposes of the rights of
the Executive and the Executive’s spouse or any other eligible dependents to continuation of medical and dental coverage under the Corporation’s group health plans in accordance with the Consolidated Omnibus Budget Reconciliation Act of
1985 (“COBRA”), his “qualifying event” (as defined under COBRA) shall be deemed to have occurred on Retirement Date. 

(g) Compliance with Section 409A. The Agreement and any payments provided hereunder are intended to comply with, or be exempt from,
Section 409A of the Internal Revenue Code of 1986, as amended from time to time (including any valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or

  
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rendered thereunder) (“Section 409A”). The Agreement shall in all respects be interpreted, operated, and administered in accordance with this intent. Payments provided under the
Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption, including to the maximum extent possible, exemptions for separation pay due to an involuntary separation from service and/or
short-term deferrals. Any payments provided under the Agreement to be made upon a termination of service that constitute deferred compensation subject to Section 409A shall only be made if such termination of service constitutes a
“separation from service” under Section 409A. Each installment payment provided under the Agreement shall be treated as a separate identified payment for purposes of Section 409A. The Corporation makes no representations or
warranties that the payments provided under the Agreement comply with, or are exempt from, Section 409A, and in no event shall the Corporation be liable for any portion of any taxes, penalties, interest, or other expenses that may be incurred
by the Executive on account of non-compliance with Section 409A. If the Executive is a “specified employee” under Section 409A at the time of the Executive’s termination of service, any payments to be made upon a termination
of service that constitute deferred compensation subject to Section 409A and that are scheduled to be made within six months following the Executive’s termination date shall be delayed, without interest, and paid in a lump sum on the
earlier of (i) the first payroll date to occur following the six-month anniversary of the Executive’s termination date, or (ii) the Executive’s death, and any payments otherwise scheduled to be made thereafter shall be made in
accordance with their original schedule. To the extent required by Section 409A, each reimbursement or in-kind benefit provided under the Agreement shall be provided in accordance with the following: (i) the amount of expenses eligible for
reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (ii) any reimbursement of an eligible expense shall be
paid to the Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iii) any right to reimbursements or in-kind benefits under the Agreement shall not be subject to
liquidation or exchange for another benefit. 
 4. Executive’s Status as a Non-Employee Director and Non-Executive Chairman. Immediately
following the Retirement Date, the Executive will be deemed to be a non-employee director, and any compensation received by the Executive from time to time for service as the non-executive Chairman of the Board of Directors, and/or as a member of
the Board of Directors, will be in addition to the Payments and other benefits provided under this Agreement with respect to the Executive’s provision of Consulting Services. 

5. Reasonable Efforts. The Executive will use reasonable efforts to perform the Consulting Services in a prompt, competent and diligent manner
consistent with the Corporation’s standards. 
 6. Proprietary Rights. The Executive agrees that all information, discoveries, inventions,
improvements, strategies or overall business plan concepts arising from or in connection with the Consulting Services under this Agreement will be the sole property of the Corporation, and the Executive will cooperate with the Corporation’s
reasonable requests for the transfer of any such rights or interests from the Executive to the Corporation. 
 7. Taxes. The Executive acknowledges
that he will be solely responsible for, and the Corporation will have no liability with respect to, any taxes (including penalties and interest) imposed by any Federal, state or local government on the Payments or any other benefits payable to or
provided on behalf of the Executive for the Consulting Services under Section 3(d) of this Agreement. 

  
 - 4 - 

 8. Insurance and Indemnification. The Corporation agrees to ensure and to indemnify and hold harmless the
Executive from any and all claims and causes of action arising out of the performance of the Consulting Services to the same extent that it ensures and indemnifies its officers and directors. 

9. Non-Disparagement. 
  

	 	(a)	At all times hereafter, the Executive will not disparage or criticize, orally or in writing, the business, products, policies, decisions, directors, officers or employees of the Corporation or any of its operating
divisions, subsidiaries or affiliates to any person. 

  

	 	(b)	At all times hereafter, the Corporation and its officers, directors, employees and agents will not disparage or criticize, orally or in writing, the Executive. 

10. Confidentiality. During the course of providing the Consulting Services, the Executive may obtain information that is considered to be confidential
and proprietary information of the Corporation. The Executive agrees to maintain as confidential all confidential information received or obtained as a result of the services provided. At no time shall such confidential information be disclosed to
any third party without the prior written consent of the Corporation. Notwithstanding the foregoing, the Executive will have no obligation under this Agreement to keep confidential any confidential information to the extent that a disclosure of it
is required by law or is consented to by the Corporation. 
 11. The Executive’s Understanding. The Executive acknowledges by executing and
delivering this Agreement that the Executive has read and understands this document, that the Executive has conferred with or had opportunity to confer with the Executive’s legal and other advisors regarding the terms and meaning of this
Agreement to the satisfaction of the Executive, that the Executive has had sufficient time to consider the terms provided for in this Agreement, that no representations or inducements have been made to the Executive except as set forth in this
Agreement, and that the Executive has entered into this Agreement knowingly and voluntarily. 
  

	12.	Miscellaneous. 

 (a) Entire Agreement. This Agreement represents the entire and
only understanding between the parties on the subject matter hereof and supersedes any other agreements or understandings between them on such subject matter. 

(b) Binding Effect, Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the heirs, executors,
administrators, successors and assigns of the respective parties. Without the express written consent of the other party, neither the Corporation nor the Executive may assign any duties or right or interest hereunder or right to receive any money
hereunder and any such assignment shall be void; provided, however, that without the Executive‘s consent the Corporation may assign its rights and obligations hereunder in their entirety to any successor to all or substantially all of its
business, whether effected by merger or otherwise. 

  
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 (c) Severability and Amendment. In the event any provision of this Agreement shall be
determined in any circumstances to be invalid or unenforceable, such determination shall not affect or impair any other provision of this Agreement or the enforcement of such provision in other appropriate circumstances. This Agreement may be
modified only by an instrument in writing executed by the parties hereto. 
 (d) Interpretative Matters; Counterparts. The headings of
sections of this Agreement are for convenience of reference only and shall not affect its meaning or construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no
rule of strict construction will be applied against any party. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. In making
proof of this Agreement it shall not be necessary to produce or account for more than one such counterpart. 
 (e) Governing Law and
Conflicts. This Agreement is to be governed and construed according to the internal substantive laws of the Commonwealth of Pennsylvania. 
 IN WITNESS
WHEREOF, and intending to be legally bound, the parties have executed this Agreement as of the date first written above. 
  

			
	AMPCO-PITTSBURGH CORPORATION
	
	/s/ Rose Hoover
	By:		Rose Hoover, Executive
Vice President
	
	THE EXECUTIVE
	
	/s/ Robert A. Paul
	By:		Robert A. Paul

  
 - 6 - 

 RAP Options at 12/31/2014 and status following his retirement same date. 

 

																	
	Grant Date and Option Expiration	  	# of
shares	 	  	Option
Price	 	  	 Vesting at

12/31/2014
	  	Unvested to
Expire at
12/31/2014 (1)	  	Right to
Exercise will
expire (1)	  	Granted under:
	9/4/2008
(expire 9/4/2018)	  	 	35,000	  	  	 	37.89	  	  	Fully Vested	  	N/A	  	12/31/2015	  	2008 Stock Option Plan
	2/19/2009
(expire 2/19/2019)	  	 	35,000	  	  	 	13.37	  	  	Fully Vested	  	N/A	  	12/31/2015	  	2008 Stock Option Plan
	2/18/2010
(expire 2/18/2020)	  	 	35,000	  	  	 	25.77	  	  	Fully Vested	  	N/A	  	12/31/2015	  	2008 Stock Option Plan
	5/6/2011
(expire 5/6/2021)	  	 	20,000	  	  	 	25.18	  	  	Fully Vested	  	N/A	  	12/31/2015	  	2011 Stock Option Plan
	5/3/2012
(expire 5/3/2022)	  	 	20,000	  	  	 	17.67	  	  	 2/3 Vested

(13,333 shares)
	  	1/3 Expire
(6,667 shares)	  	12/31/2015	  	2011 Stock Option Plan
	5/2/2013
(expires 5/2/2023)	  	 	20,000	  	  	 	17.16	  	  	 1/3 Vested

(6,667 shares)
	  	2/3 Expire
(13,333 shares)	  	12/31/2015	  	2011 Stock Option Plan
	4/29/2014
(expires 4/29/2024)	  	 	20,000	  	  	 	20	  	  	None Vested	  	All Expire
(20,000)	  	N/A	  	2011 Stock Option Plan

  

	(1)	Upon termination of service due to retirement, death or disability, any non-vested portions of the Option expire immediately. Vested portion of the Option is exercisable by the Optionee (or, in the event of the
Optionee’s death, the Optionee’s Beneficiary) for one year after the Optionee’s Termination of Service. 

  
 - 7 -

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