Document:

EX-10.11

 

Exhibit 10.11

RTI International Metals, Inc.

Executive Change in Control Severance Policy

	A.	 	Applicability

     The following executive officers (the “Executives” and each an “Executive”) of RTI
International Metals, Inc. (the “Company”) who are appointed after the date of adoption, as set
forth below, are entitled to participate in this Change in Control Severance Policy (the “CIC
Severance Policy”), as may be amended from time to time, together with any other executive officer
who is informed in writing by the Company of participation:

     Vice Chairman and Chief Executive Officer (“CEO”); President and Chief Operating Officer
(“COO”); Senior Vice-President and Chief Financial Officer (“CFO”); Executive Vice-President
(“EVP”); and Vice-President and General Counsel (“GC”).

     If an Executive is entitled to payments and/or benefits under this CIC Severance Policy
following Executive’s termination of employment, then this CIC Severance Policy shall control and
the Executive shall not receive the payments and benefits provided under the Company’s Executive
Non-Change in Control Severance Policy.

	B.	 	Definitions

     (1) “Cause” shall mean termination upon (i) any material breach by Executive of their Letter
Agreement, (ii) the Executive’s gross misconduct, (iii) the Executive’s gross neglect of their
duties with the Company, insubordination or failure to follow the lawful directives of the Board of
Directors of the Company, in each case after a demand for substantial performance is delivered to
the Executive that identifies the manner in which the Company believes that the Executive has not
acted in accordance with requirements and the Executive has failed to resume substantial
performance of their duties within fourteen (14) days of receiving such demand, (iv) the
Executive’s commission, indictment, conviction, guilty plea, or plea of nolo contendre to or of any
felony, a misdemeanor which substantially impairs the Executive’s ability to perform his or her
duties with the Company, act of moral turpitude, or intentional or willful securities law
violation, including Sarbanes-Oxley law violations, (v) the Executive’s act of theft or dishonesty
which is injurious to the Company, or (vi) the Executive’s violation of any Company policy,
including any substance abuse policy.

     (2) For purposes of this CIC Severance Policy, a “Change in Control” of the Company shall be
deemed to have occurred if

     (A) Any person (within the meaning of that term as used in Sections 13(d) and 14(d) of
the Exchange Act (a “Person”) is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing
thirty percent (30%) or more of the combined voting power of the Company’s then outstanding
voting securities; provided, however, that for purposes of this CIC Severance Policy the
term “Person” shall not include (i) the Company or any of its majority-owned subsidiaries,
(ii) a trustee or other fiduciary holding securities under an employee benefit plan of the
Company or any of its subsidiaries, (iii) an underwriter temporarily holding securities
pursuant to an offering of such securities, or (iv) a corporation owned, directly or
indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of stock of the Company, or

 

 

     (B) The following individuals cease for any reason to constitute a majority of the
number of directors then serving on the Board of Directors of the Company; individuals who,
on the date hereof are serving as directors on the Board and any new director (other than a
director whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating to the
election of directors of the Company) whose appointment or election by the Board or
nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were
directors on the date hereof or whose appointment, election or nomination for election was
previously so approved, or

     (C) There is consummated a merger or consolidation of the Company or a subsidiary
thereof with any other corporation, other than a merger or consolidation which would result
in the holders of the voting securities of the Company outstanding immediately prior thereto
holding securities which represent immediately after such merger or consolidation at least
60% of the combined voting power of the voting securities of the entity surviving the merger
or consolidation, (or the parent of such surviving entity) or the shareholders of the
Company approve a plan of complete liquidation of the Company, or there is consummated the
sale or other disposition of all or substantially all of the Company’s assets.

     (3) “Exchange Act” shall mean the Securities Exchange Act of 1934.

     (4) “Good Reason” shall mean, without the Executive’s express written consent, the occurrence
after a Change in Control of the Company of any one or more of the following:

     (A) The assignment to Executive of duties inconsistent with the Executive’s position
immediately prior to the Change in Control;

     (B) A material reduction or alteration in the nature of Executive’s position, duties,
status or responsibilities from those in effect immediately prior to the Change in Control;

     (C) The failure by the Company to continue in effect any of the Company’s employee
benefit plans, programs, policies, practices or arrangements in which Executive participates
(or substantially equivalent successor or replacement employee benefit plans, programs,
policies, practices or arrangements) or the failure by the Company to continue Executive’s
participation therein on substantially the same basis, both in terms of the amount of
benefits provided and the level of Executive’s participation relative to other participants,
as existed immediately prior to the Change in Control;

     (D) The failure of the Company to obtain a satisfactory agreement from any successor to
the Company to assume and agree to perform Executive’s Letter Agreement;

     (E) Any purported termination by the Company of Executive’s employment that is not
effected pursuant to the termination requirements as may be set forth in Executive’s Letter
Agreement; and

     (F) The Company’s requiring Executive to be based at a location in excess of fifty (50)
miles from the location where Executive is based immediately prior to the Change in Control.

     (5) “Letter Agreement” shall mean the Executive’s employment letter agreement with the
Company.

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     (6) “Payment Multiple” shall mean:

     2.5, in the case of the CEO;

     2.0, in the case of the COO, CFO, EVP and GC;

     (7) “Payment Period” shall mean a number of months equal to the Payment Multiple times twelve
(12), which for purposes of measurement shall commence upon the Executive’s separation from
service.

	C.	 	Benefits

     Following a Change in Control of the Company, upon termination of an Executive’s employment
within twenty-four (24) months following the Change in Control Executive shall be entitled to the
following benefits:

     (1) If Executive’s employment shall be terminated by the Company for Cause or by
Executive other than for Good Reason, no benefits shall be payable pursuant to this CIC
Severance Policy, and the Company shall pay Executive the benefits provided within his or
her Letter Agreement.

     (2) If Executive’s employment terminates by reason of Executive’s death or disability,
no benefits shall be payable pursuant to this CIC Severance Policy, and the Executive shall
be entitled to the benefits provided within his or her Letter Agreement and the Company’s
retirement, survivor’s benefits, insurance and other applicable programs and plans, then in
effect.

     (3) If Executive’s employment by the Company is terminated (i) by the Company other
than for Cause or Executive’s death or disability, or (ii) by Executive for Good Reason,
Executive shall be entitled to the benefits provided in subparagraphs (i) through (vi)
below, which shall be in lieu of and cancel any further rights Executive has to receive any
Base Salary that would be otherwise due under his or her Letter Agreement:

     (i) The Company will pay as severance benefits, a severance payment (the
“Severance Payment”) equal to the product of the Payment Multiple times the sum of
(x) Executive’s annual Base Salary in effect immediately prior to the occurrence of
the circumstances giving rise to such termination, and (y) the amount equal to
Executive’s Annual Bonus. For purposes of the preceding sentence, Annual Bonus
means the product of (x) the greater of (aa) Executive’s average actual Bonus
Percent for the three years immediately preceding the date of termination, or
shorter period if Executive was employed for less than three years, and (bb)
Executive’s target Bonus Percent at the time of termination, and (y) Executive’s
Base Salary. For purposes of calculating Annual Bonus under the preceding sentence,
Bonus Percent means the actual or target bonus amount paid or payable to Executive
with respect to a particular year or years divided by the Base Salary paid or
payable to Executive for such year or years. The Severance Payment shall be payable
on the first day following the six month anniversary of Executive’s separation from
service; provided, however, the Severance Payment must be repaid in full to the
Company in the event that the Executive violates his or her duty to maintain in
strict confidence and not disclose any confidential information, as set forth in his
or her Letter Agreement, or provides or engages in the dissemination of false and/or
defamatory information pertaining to the Company, to its shareholders or otherwise;

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     (ii) The stock options previously issued to Executive under any option or
incentive plan of the Company to purchase shares of Common Stock of the Company
(Option Shares), as well as any previously unvested shares of restricted stock
granted to Executive, including any stock, cash or property into which any such shares, or shares underlying the stock options, have been converted, shall
irrevocably vest upon any such termination;

     (iii) Any performance share or other awards previously awarded to Executive
under the Company’s 2004 Stock Plan, or any successor plan, that represent a right
to receive shares of the Company’s Common Stock or the equivalent of shares of the
Company’s Common Stock shall vest upon any such termination as set forth in the
applicable award agreement. Any payout under the performance award shall be payable
on the first day following the six month anniversary of Executive’s separation from
service;

     (iv) In the event that Executive becomes entitled to the Severance Payments, if
any of the Severance Payments or other portion of the Total Payments (as defined
below) will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the
Internal Revenue Code (the “Code”), the Company shall pay to Executive at the time
specified below, an additional amount (the “Gross-Up Payment”) such that the net
amount retained by Executive, after deduction of (1) any Excise Tax on the Severance
Payments and such other Total Payments, and (2) any federal, state and local income
tax, FICA-Health Insurance tax, and Excise Tax upon the payment provided for by this
paragraph, shall be equal to the Severance Payments and such other Total Payments.
Notwithstanding the foregoing provisions of this subparagraph, if it shall be
determined that Executive is entitled to a Gross-Up Payment, but that the Severance
Payments and Total Payments would not be subject to the Excise Tax if such payments
were reduced by an amount that is less than 20% of the portion of the payments that
would be treated as “parachute payments” under Section 280G of the Code, then the
amounts payable to Executive under this Policy shall be reduced (but not below zero)
to the maximum amount that could be paid to Executive without giving rise to the
Excise Tax (the “Safe Harbor Cap”), and no Gross-Up Payment shall be made to
Executive. The determination of which amounts payable hereunder will be reduced, if
applicable, may be elected by Executive. For purposes of determining whether any of
the payments will be subject to the Excise Tax and the amount of such Excise Tax,
(1) any other payments or benefits received or to be received by Executive in
connection with a Change in Control of the Company or Executive’s termination of
employment whether pursuant to the terms of this Policy or any other plan,
arrangement or agreement with the Company, any person whose actions result in a
Change of Control of the Company or any person affiliated with the Company or such
person (together with the Severance Payment, the “Total Payments”) shall be treated
as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, and
all “excess parachute payments” within the meaning of Section 280G(b)(1) shall be
treated as subject to the Excise Tax, except to the extent that in the opinion of
tax counsel selected by the Company’s independent auditors and acceptable by
Executive such other payments or benefits (in whole or in part) do not constitute
parachute payments, or such excess parachute payments (in whole or in part)
represent reasonable compensation for services actually rendered within the meaning
of Section 280G(b)(4) of the Code in excess of the base amount within the meaning of
Section 280G(b)(3) of the Code, or are otherwise not subject to the Excise Tax,
(2) the amount of the Total Payments which shall be treated as subject to the Excise
Tax shall be equal to the lesser of

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(A) the total amount of the Total Payments or (B) the amount of excess
parachute payments within the meaning of Section 280G(b)(1) (after applying clause
(1), above), and (3) the value of any non-cash benefits or any deferred payment or
benefit shall be determined by the Company’s independent auditors in accordance with
the principles of Sections 280G(d)(3) and (4) of the Code. For purposes of
determining the amount of the Gross-Up Payment, Executive shall be deemed to pay
federal income taxes at the highest marginal rate of federal income taxation in the
calendar year in which the Gross-Up Payment is to be made and state and local income
taxes at the highest marginal rate of taxation in the state and locality of
Executive’s residence on the date of termination, net of the maximum reduction in
federal income taxes which could be obtained from deduction of such state and local
taxes. In the event that the Excise Tax is subsequently determined to be less than
the amount taken into account hereunder at the time of termination of Executive’s
employment, Executive shall repay to the Company at the time that the amount of such
reduction in Excise Tax is finally determined the portion of the Gross-Up Payment
attributable to such reduction (plus the portion of the Gross-Up Payment
attributable to the Excise Tax and federal and state and local income tax imposed on
the Gross-Up Payment being repaid by Executive if such repayment results in a
reduction in Excise Tax and/or a federal and state and local income tax deduction)
plus interest on the amount of such repayment at the rate provided in
Section 1274(b)(2)(B) of the Code. In the event that the Excise Tax is determined
to exceed the amount taken into account hereunder at the time of the termination of
Executive’s employment (including by reason of any payment the existence or amount
of which cannot be determined at the time of the Gross-Up Payment), the Company
shall make an additional Gross-Up Payment in respect of such excess (plus any
interest payable with respect to such excess) at the time that the amount of such
excess is finally determined.

The payment provided for in the paragraph above shall be made on the first day
following the six month anniversary of Executive’s date of termination; provided,
however, that if the amounts of such payments cannot be finally determined on or
before such day, the Company shall pay to Executive on such day an estimate as
determined in good faith by the Company of the minimum amount of such payments and
shall pay the remainder of such payments (together with interest at the rate
provided in Section 1274(b)(2)(B) of the Code) as promptly as practicable following
calculation thereof, but in no event more than 30 days following the initial
estimate. In the event that the amount of the estimated payments exceeds the amount
subsequently determined to have been due, Executive shall repay such excess to the
Company on the fifth day after calculation of the correct amount and notice by the
Company (together with interest at the rate provided in Section 1274(b)(2)(B) of the
Code);

     (v) During the Payment Period, the Company will arrange to provide Executive at
the Company’s expense with life, disability, accident and health insurance benefits
substantially similar to those which Executive was receiving immediately prior to
the termination of employment; but benefits otherwise receivable by Executive
pursuant to this paragraph shall be reduced to the extent comparable benefits are
actually received by Executive during the Payment Period following his or her
termination, and any such benefits actually received by Executive shall be reported
to the Company for purposes of offset. To the extent any such benefits cannot be
provided on a non-taxable basis to Executive and the provision thereof would cause
any part of the benefits to be subject to additional taxes and interest under
Section 409A of the Code, then the provision

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of such benefits shall be deferred to the earliest date upon which such
benefits can be provided without being subject to such additional taxes and
interest; and

     (vi) The Company shall pay Executive an additional amount equal to the excess
of (x) minus (y), where (x) equals the sum of the pension, surviving spouse and/or
survivor benefits on Executive’s behalf under the RTI Pension Plan and the RTI
Supplemental Pension Program if such benefits were calculated using (i) Executive’s
actual age at termination plus the number of months in the Payment Period,
(ii) Executive’s actual continuous service for benefit accrual purposes at
termination plus the number of months in the Payment Period, (iii) the interest and
mortality table specified by the plans for calculating lump sum distributions as of
the date of Executive’s termination of employment, (iv) the actuarial factors and
assumptions that are in effect under the plans, using Executive’s age at termination
of employment and (y) equals the sum of pension, surviving spouse’s benefits and/or
survivor benefits which are actually payable on Executive’s behalf under the RTI
Pension Plan and the RTI Supplemental Pension Program as of Executive’s termination
of employment. For purposes of determining the amounts in (x) and (y) above,
benefits will be based upon the amount of immediate pension payable in the form of a
lump sum distribution under the terms of the applicable plan. The additional amount
payable to Executive hereunder shall be payable in the form of a lump sum
distribution on the first day following the six month anniversary of Executive’s
separation from service.

     (4) The Company shall also pay to Executive all reasonable legal fees and expenses
incurred by Executive as a result of such termination of employment, including all such fees
and expenses, if any, incurred in contesting or disputing any such termination or in seeking
to obtain or enforce any right or benefit provided by this CIC Severance Policy or 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.

	D.	 	Amendment or Termination

     This CIC Severance Policy may be amended or terminated at any time in the Company’s
discretion; provided, however, that no such amendment or termination made simultaneously with or
following a Change in Control shall be binding upon the Executive, or in any way adversely affect
such Executive’s rights under the CIC Severance Policy as it existed prior to such amendment or
termination.

Adopted February 22, 2007 and Amended January 25, 2008.

- 6 -EX-10.24

 

Exhibit 10.24

RTI          

International

Metals, Inc. 

November 19, 2007

William F. Strome

RTI International Metals, Inc.

1000 Warren Avenue

Niles, OH 44446

Dear Mr. Strome:

This Letter Agreement sets forth the basis upon which I have been authorized by the Board of
Directors of RTI International Metals, Inc. (“Company”) to employ you in the executive officer
position described in Paragraph 1 below for the Employment Period (as hereinafter defined). The
“Employment Period” shall initially be the period November 19, 2007 through November 18, 2010;
provided, however, that on November 19, 2010 and each November 19 thereafter, the Employment Period
shall automatically be extended for one additional year unless, not later than the immediately
preceding August 19, either you or the Company shall have given written notice to the other that
you or it does not wish to extend the Employment Period; and provided further that the Employment
Period shall terminate automatically when you attain age sixty-five (65). In the event this Letter
Agreement is terminated for any reason other than your death, your obligations as set forth in
Paragraph 9 shall survive and be enforceable notwithstanding such termination.

     1.     During the Employment Period, you will serve as Senior Vice President — Strategic Planning
and Finance of the Company (or in any other executive officer position within the Company to which
you may hereafter be appointed), performing all duties and functions appropriate to that office, as
well as such additional duties as the Company’s Chief Executive Officer or Board of Directors may,
from time to time, assign to you. During the Employment Period, you will devote your full time and
best efforts to the performance of all such duties.

     2.     During the Employment Period, the Company will pay you, in equal monthly installments on
regularly scheduled payroll dates, as compensation for your services an annual salary of $260,000.
This annual salary may be increased from time to time in the sole discretion of the Company, but
may only be decreased by the Company with your written consent. Such annual salary, whether
increased or decreased, shall constitute your “Base Salary”. In addition, you may be awarded such
bonuses as the Board of Directors of the Company determines to be appropriate under the Company’s
Pay Philosophy and Guiding Principles Governing Officer Compensation or any successor bonus plan.
You will also be eligible to participate in the Company’s stock incentive plan.

 

 

William F. Strome

November 19, 2007

Page 2

     3.     In the event of your death during the Employment Period, your right to all compensation
under this Letter Agreement allocable to days subsequent to your death shall terminate and no
further payments shall be due to you, your personal representative, or your estate, except for (i)
that portion, if any, of your Base Salary that is accrued and unpaid upon the date of your death,
payable on the regularly scheduled payroll date, (ii) any vested or other benefits payable pursuant
to the terms of any Company employee benefit plan, (iii) a pro-rated bonus for year of termination,
if earned based on performance for such year, and payable at the time specified in such bonus plan
or arrangement, and (iv) payment of three additional months of Base Salary, payable on each of the
first regularly scheduled payroll dates in the first three months following your death.

     4.     In the event you become physically or mentally disabled, in the sole judgment of physicians
selected by the Company’s Board of Directors, such that you cannot perform the duties and functions
contracted for pursuant to this Letter Agreement, and should such disability continue for at least
180 consecutive days (or in the judgment of such physicians, be likely to continue for at least 180
consecutive days), the Company may terminate your employment upon written notice to you. If your
employment is terminated because of physical or mental disability, your right to all compensation
under this Letter Agreement allocable to days subsequent to such termination shall terminate and no
further payments shall be due to you, your personal representative, or your estate, except for (i)
that portion, if any, of your Base Salary that is accrued and unpaid upon the date of termination,
payable on the regularly scheduled payroll date, (ii) any vested or other benefits payable pursuant
to the terms of any Company employee benefit plan, (iii) a pro-rated bonus for year of termination,
if earned based on performance for such year, and payable at the time specified in such bonus plan
or arrangement, and (iv) if your employment is terminated because you are “disabled”, as defined in
Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended, payment of three months of
Base Salary for the period following your termination of employment, payable on each of the first
regularly scheduled payroll dates in the first three months following your termination of
employment.

     5.     The Company may, upon written notice to you fixing the date of termination, terminate your
services during the Employment Period for any reason, including for Cause, as Cause is defined in
the following paragraph. In the event of your termination for Cause, your right to receive
continued compensation under this Letter Agreement will terminate and no further installments will
be paid to you, except for that portion, if any, of your Base Salary that is accrued and unpaid
upon the date of termination, payable on the regularly scheduled payroll date; provided, further,
that in such event you shall not be entitled to any pro-rated bonus or other award for the year of
termination.

          Termination by the Company of your employment for “Cause” shall mean termination upon (i) any
material breach by you of this Letter Agreement, (ii) your gross misconduct, (iii) gross neglect of
your duties with the Company, insubordination or failure to follow the lawful directives of the
Board of Directors of the Company, in each case after a demand for substantial performance is
delivered to you that identifies the manner in which the Company believes that you have not acted
in accordance with requirements and you have failed to resume substantial performance of your
duties within fourteen (14) days of receiving such demand, (iv) your commission, indictment,
conviction, guilty plea, or plea of nolo contendre to or of any felony, a misdemeanor which
substantially impairs your ability to perform your duties with the Company, act of moral turpitude,
or intentional or willful securities law violation, including Sarbanes-Oxley law violations, (v)
your act of theft or dishonesty which is injurious to

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William F. Strome

November 19, 2007

Page 3

the Company, or (vi) your violation of any Company policy, including any substance abuse
policy.

     6.     In addition to your annual Base Salary as set forth in Paragraph 2 above, you will be
entitled in each calendar year to a vacation with pay in accordance with the vacation policies of
the Company. You will also be entitled to participate in all of the Company’s existing and future
applicable employee benefit programs in accordance with the terms of such benefit program plan
documents, including the Supplemental Pension Plan, as amended from time to time.

     7.     You will be entitled to participate in the Company’s Executive Severance Policies, as such
may be amended from time to time; provided that, you agree and acknowledge that if the Company
elects not to extend the Employment Period of this Letter Agreement such that the Employment Period
terminates, the non-extension shall not be treated, for purposes of the Executive Non-Change in
Control Severance Policy, as an involuntary termination of employment by the Company without Cause,
or constitute reason for you to voluntarily terminate your employment for the reasons specified
therein. Notwithstanding any provision to the contrary otherwise contained herein or in the
Executive Severance Policies, in no event shall any amendment or amendments of the Executive
Severance Policies made simultaneously with, or following the first to occur of a Change in Control
(as such term is defined in said Policies) or termination of your employment, be binding or in any
way adversely affect your rights under such Policies as they existed prior to such amendment or
amendments.

     8.     This Letter Agreement shall inure to the benefit of and be enforceable by your personal or
legal representatives, executors, administrators, successors, heirs, distributees, devisees and
legatees. If you should die while any amount would still be payable to you hereunder if you had
continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance
with the terms of this Letter Agreement, to your devisee, legatee or other designee or, if there is
not such designee, to your estate.

     9.     As additional consideration for the compensation and benefits provided to you pursuant to
this Letter Agreement, you agree that you will not, for a period of twelve (12) months following
your separation from service, or, if longer, the period during which you are entitled to receive
severance payments under the Company’s Executive Non-Change in Control Severance Policy, directly
or indirectly, compete with, engage in the same business as, be employed by, act a consultant to,
or be a director, officer, employee, owner or partner, or otherwise participate in or assist
(including, without limitation, by soliciting customers for, or individuals to provide services
to), any business or organization which has as its principal business the production of titanium or
titanium-related products; provided, however, that such restrictions shall not apply if your
employment is terminated following a Change in Control of the Company, as such term is defined in
the Company’s Executive Change in Control Severance Policy, and you are entitled to benefits under
such policy on account of such termination. In addition, you agree that for the period of twelve
(12) months following your separation from service, or, if longer, the period during which you are
entitled to receive severance payments under either of the Company’s Executive Non-Change in
Control Severance Policy or Executive Change in Control Severance Policy, you will not (i) directly
or indirectly induce, or attempt to influence, any employee of the Company or any subsidiary or
affiliate thereof to terminate his or her employment with the Company or any subsidiary or
affiliate thereof or in any manner seek to engage or seek to employ any such employee (whether or
not for compensation) such that such

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William F. Strome

November 19, 2007

Page 4

employee would thereafter be unable to devote his or her full efforts to the business then
conducted by the Company or any subsidiary or affiliate thereof or (ii) solicit, directly or
indirectly, either for yourself or any other person, any business related to the business of any
customer, supplier, licensee or other person having a business relationship with the Company, or
induce or attempt to induce any such person to cease doing business with the Company. For purposes
of this Paragraph 9, you will not be deemed to have breached your commitment merely because you
own, directly or indirectly, not more than one percent (1%) of the outstanding common stock of such
a corporation if at the time you acquire such stock, such stock is listed on a national securities
exchange or is regularly traded in the over-the-counter market by a member of either a national
securities exchange or the National Association of Securities Dealers, Inc. In order to protect
the interest of the Company, you will also maintain in strict confidence and not disclose to any
other person or entity any information received from any source in the Company or developed by you
in the course of performing your duties for the Company. This obligation shall not extend to: (a)
anything you can establish as known to you from a source outside the Company, (b) anything which
has been published or becomes published hereafter other than by you, or (c) anything which you
receive from a non-Company source without restriction on its disclosure. Should you breach or
threaten to breach the commitments in this Paragraph 9, and in recognition of the fact that the
Company would not under such circumstances be adequately compensated by money damages, the Company
shall be entitled, in addition to any other rights and remedies available to it, to an injunction
restraining you from such breach. Further, you acknowledge and agree that the provisions of this
Paragraph 9 are necessary, reasonable, and proportionate to protect the Company during such
non-competition period.

     10.     The validity, interpretation, construction and performance of this Letter Agreement shall
be governed by the laws of the State of Ohio.

If the provisions of this Letter Agreement are acceptable to you, please sign one original copy of
this Letter Agreement and return it to me. You may retain the second signed original for your
files.

Very truly yours,

RTI International Metals, Inc.

	 	 	 	 	 
	By
	 	/s/ Dawne S. Hickton 	 	November 19, 2007 
	 

	 	 
	 	 
	 

	 	Dawne S. Hickton
	 	Date
	 

	 	Vice Chairman & Chief Executive Officer	 	 

	 	 	 
	CONFIRMED:
	 	 
	 
	 	 
	/s/ William F. Strome 
	 	November 19, 2007 
	 

	 	 
	William F. Strome

	 	Date

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