Document:

EX-10.3

 

Exhibit 10.3

FORM OF INDEMNIFICATION AGREEMENT

     RTI International Metal, Inc. has entered into an Indemnification
Agreement in the form attached with each of the individuals listed below,
effective as of the date set forth opposite such individual’s name.

	 	 	 
	Name
and Title

	 	Date
	 
	 	 
	Craig R. Andersson, Director

	 	May 6, 2005
	 
	 	 
	Daniel I. Booker, Director

	 	May 6, 2005
	 
	 	 
	Donald P. Fusilli, Jr., Director

	 	May 6, 2005
	 
	 	 
	Ronald L. Gallatin, Director

	 	May 6, 2005
	 
	 	 
	Charles C. Gedeon, Director

	 	May 6, 2005
	 
	 	 
	Robert M. Hernandez, Director

	 	May 6, 2005
	 
	 	 
	Edith E. Holiday, Director

	 	May 6, 2005
	 
	 	 
	James A. Williams, Director

	 	August 7, 2005
	 
	 	 
	Dawne S. Hickton, Vice Chairman, Chief Executive Officer and Director

	 	May 6, 2005
	 
	 	 
	William T. Hull, Senior Vice President, Chief Financial Officer and Treasurer

	 	November 9, 2005
	 
	 	 
	Chad Whalen, Vice President, General Counsel and Secretary

	 	February 19, 2007

 

INDEMNIFICATION AGREEMENT

BETWEEN

RTI INTERNATIONAL METALS, INC.

AND

 

     THIS
AGREEMENT is made this _____ day of ____________________, 20__ by and
between RTI International Metals, Inc., an Ohio corporation (the “Corporation”),
and __________________________, an individual and a director and/or officer of the
Corporation (the “Indemnitee”).

RECITALS

     WHEREAS, Indemnitee is either a member of the Board of Directors or an
officer of the Corporation, or both, and in such capacity is performing a
valuable service for the Corporation;

     WHEREAS, the Corporation has adopted a Code of Regulations (the “Code”)
wherein Article IV Section 1 provides for the indemnification of the Board of
Directors and officers of the Corporation to the full extent permitted by law;

     WHEREAS, the Ohio General Corporation Law, as amended to date (the
“Ohio Statute”) specifically provides in Section 1701.13(E)(6) that it is not
exclusive, and thereby contemplates that contracts may be entered into between
the Corporation and its directors and officers with respect to indemnification
of such persons;

     WHEREAS, developments with respect to the application, amendment and
enforcement of statutory and other indemnification provisions generally have
raised questions concerning the adequacy and reliability of the protection
afforded to directors and officers thereby; and

     WHEREAS, in order to resolve such questions and thereby induce
Indemnitee to continue to serve as a member of the Board of Directors of the
Corporation or an officer, or both, the Corporation has determined and agreed to
enter into this contract with Indemnitee;

AGREEMENT

     NOW, THEREFORE, in consideration of Indemnitee’s continued service with
the Corporation after the date hereof the parties agree as follows:

     1. D&O INSURANCE. The Corporation represents that it has directors and
officers liability insurance (“D&O Insurance”).

     2. INDEMNITY. Subject only to the exclusions set forth in Section 3
hereof, the Corporation hereby further agrees to hold harmless and indemnify
Indemnitee against any and all expenses (including attorneys’ fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by
Indemnitee (and any federal, state, local or foreign taxes imposed as

2

 

a result of the actual or deemed receipt of any payments under this Agreement)
in connection with any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (including
an action by or in the right of the Corporation) to which Indemnitee is, was or
at any time becomes a party, or is threatened to be made a party, by reason of
the fact that Indemnitee is, was or at any time becomes a director or officer of
the Corporation, or is or was serving or at any time serves at the request of
the Corporation as a director, trustee, officer, employee, member, manager or
agent of another corporation, limited liability Corporation, partnership, joint
venture, trust or other enterprise to the fullest extent authorized and
permitted by the provisions of the Ohio Statute, or by any amendment thereof or
other statutory provisions authorizing or permitting such indemnification which
is adopted after the date hereof.

     3. LIMITATIONS ON INDEMNITY. No indemnity pursuant to Section 2 hereof
shall be paid by the Corporation:

     (a) except to the extent the aggregate of losses to be
indemnified hereunder exceed the amount of such losses for which the
Indemnitee is indemnified either pursuant to Section 2 hereof or
pursuant to any D&O Insurance purchased and maintained by the
Corporation;

     (b) in respect to remuneration paid to Indemnitee if it shall
be determined by a final judgment or other final adjudication that such

remuneration was in violation of law;

     (c) on account of any suit in which judgment is rendered
against an Indemnitee for an accounting of profits made from the
purchase or sale by Indemnitee of securities of the Corporation
pursuant to the provisions of Section 16(b) of the Securities Exchange
Act of 1934 and amendments thereto or similar provisions of any
federal, state or local statutory law;

     (d) on account of Indemnitee’s act or omission being finally
adjudged to have involved an act or omission undertaken with deliberate
intent to cause injury to the Corporation or undertaken with reckless
disregard for the best interests of the Corporation; or

     (e) if a final decision by a Court having jurisdiction in the
matter shall determine that such indemnification is not lawful.

     4. ADVANCEMENT OF EXPENSES.

     (a) As and to the extent provided in Section 1701.13 (E)(5)(a)
of the Ohio Statute, the Corporation shall pay any expenses, including
attorney’s fees, incurred by Indemnitee in defending any action, suit,
or proceeding, as they are incurred, in advance of the final
disposition of the action, suit or proceeding provided that Indemnitee
agrees to repay such amount if it is proved by clear and convincing
evidence in a court of competent jurisdiction that his action or
failure to act involved an act or omission undertaken with deliberate
intent to cause injury to the Corporation or undertaken with reckless
disregard for the Corporation, and the Indemnitee agrees to reasonably
cooperate with the Corporation concerning such action, suit or
proceeding.

3

 

     (b) As and to the extent provided in Section 1701.13 (E)(5)(b)
of the Ohio Statute, the Corporation shall pay any expenses, including
attorney’s fees, incurred by Indemnitee in defending any action, suit
or proceeding as they are incurred, in advance of the final disposition
of the action, suit, or proceeding based, in part, on the undertaking
of Indemnitee set forth in Section 7 hereof, provided that such
advancement by the Corporation is authorized by the Board of Directors
of the Corporation in the specific case.

     5. CONTINUATION OF INDEMNITY. All agreements and obligations of the
Corporation contained herein shall continue during the period Indemnitee is a
director or officer of the Corporation (or is or was serving at the request of
the Corporation as a director, trustee, officer, employee, member, manager or
agent of another corporation, limited liability Corporation, partnership, joint
venture, trust or other enterprise) and shall continue thereafter so long as
Indemnitee shall be subject to any possible claim or threatened, pending or
completed action, suit or proceeding, whether civil, criminal or investigative,
by reason of the fact that Indemnitee was a director of the Corporation or
serving in any other capacity referred to herein.

     6. NOTIFICATION AND DEFENSE OF CLAIM. Promptly after receipt by
Indemnitee of notice of the commencement of any action, suit or proceeding,
Indemnitee will, if a claim in respect thereof is to be made against the
Corporation under this Agreement, notify the Corporation of the commencement
thereof; but the omission so to notify the Corporation will not relieve it from
any liability which it may have to Indemnitee otherwise than under this
Agreement. With respect to any such action, suit or proceeding as to which
Indemnitee notifies the Corporation of the commencement thereof:

     (a) The Corporation will be entitled to participate therein at
its own expense; and

     (b) Except as otherwise provided below, to the extent that it
may wish, the Corporation jointly with any other indemnifying party
similarly notified will be entitled to assume the defense thereof, with
counsel selected by the Corporation and reasonably satisfactory to
Indemnitee. After notice from the Corporation to Indemnitee of its
election so to assume the defense thereof, the Corporation will not be
liable to Indemnitee under this Agreement for any legal or other
expenses subsequently incurred by Indemnitee in connection with the
defense thereof other than reasonable costs of investigation or as
otherwise provided below. Indemnitee shall have the right to employ
counsel in such action, suit or proceeding but the fees and expenses of
such counsel incurred after notice from the Corporation of its
assumption of the defense thereof shall be at the expense of Indemnitee
unless (i) the employment of counsel by Indemnitee has been authorized
by the Corporation, (ii) Indemnitee shall have reasonably concluded
that there may be a conflict of interest between the Corporation and
Indemnitee in the conduct of the defense of such action, or (iii) the
Corporation shall not in fact have employed counsel to assume the
defense of such action, in each of which cases the fees and expenses of
counsel shall be at the expense of the Corporation. The Corporation
shall not be entitled to assume the defense of any action, suit or
proceeding brought by or on behalf of the Corporation or as to which
Indemnitee shall have made the conclusion provided for in (ii) above.

4

 

     (c) The Corporation shall not be liable to indemnify
Indemnitee under this Agreement for any amounts paid in settlement of
any action or claim effected without its written consent. The
Corporation shall not settle in any manner which would impose any
penalty or limitation on Indemnitee without Indemnitee’s written
consent. Neither the Corporation nor Indemnitee will unreasonably
withhold their consent to any proposed settlement.

     7. REPAYMENT OF EXPENSES. Indemnitee agrees that Indemnitee will
reimburse the Corporation for all reasonable expenses paid by the Corporation in
defending any civil or criminal action, suit or proceeding against Indemnitee in
the event and only to the extent that it shall be ultimately determined that
Indemnitee is not entitled to be indemnified by the Corporation for such
expenses under the provisions of the Ohio Statute, the Code, this Agreement or
otherwise. Indemnitee shall, to the extent permitted by law, be indemnified for
all reasonable attorneys’ fees incurred in defense or prosecution of a claim for
indemnification.

     8. CHANGE IN CONTROL/ESTABLISHMENT OF TRUST. In the event of a Change
in Control (as hereinafter defined) the Corporation shall, upon written request
by Indemnitee, create and fund a trust (the “Trust”) for the benefit of
Indemnitee in an amount, determined by counsel selected by Indemnitee and
identified in the written request which counsel must: (i) under all applicable
law, regulation and standards of professional conduct, have no conflict of
interest by representing either the Corporation or Indemnitee, and (ii) be
reasonably satisfactory to the Corporation, to be an amount sufficient to
satisfy any and all claim for indemnity (including without limitation expenses)
by Indemnitee under this Agreement. The terms of the Trust shall provide that
(i) the Trust shall not be revoked or the principal thereof invaded without the
written consent of Indemnitee, (ii) the trustee shall advance, within ten
business days of a request by Indemnitee, any and all expenses to Indemnitee
(the Indemnitee hereby agrees to reimburse the Trust under the same
circumstances for which the Indemnitee would be required to reimburse the
Corporation under Sections 4(a) and 7 of this Agreement), (iii) the Trust shall
continue to be funded by the Corporation in accordance with the funding
obligation set forth above, (iv) the trustee shall promptly pay to Indemnitee
all amounts for which Indemnitee shall be entitled to indemnification pursuant
to this Agreement or otherwise, and (v) all unexpended funds in the Trust shall
revert to the Corporation upon a final determination by the independent counsel
or a court of competent jurisdiction, as the case may be, that Indemnitee has
been fully indemnified under the terms of this Agreement. The trustee shall be
chosen by the Indemnitee. Nothing in this Section 8 shall relieve the
Corporation of any of its obligations under this Agreement. All income earned on
the assets held in the Trust shall be reported as income by the Corporation for
federal, state, local and foreign tax purposes. The Corporation shall pay all
costs of establishing and maintaining the Trust and shall indemnify the trustee
against any and all expenses (including attorneys’ fees), claims, liabilities,
loss, and damages arising out of or relating to this Agreement or the
establishment and maintenance of the Trust.

     For purposes of this Agreement, a Change in Control means a change in
control (other than one approved by a majority of the directors on the board of
the Corporation immediately prior to such Change in Control) of a nature that
would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), whether or not the Corporation is then subject to such
reporting requirement; provided, that, without limitation, such a change in
control shall be deemed to have occurred if:

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     (1) 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 Corporation
representing twenty percent (20%) or more of the combined voting power
of the Corporation’s then outstanding voting securities; provided,
however, that for purposes of this Plan the term “Person” shall not
include (i) the Corporation or any of its majority-owned Subsidiaries,
(ii) a trustee or other fiduciary holding securities under an employee
benefit plan of the Corporation 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 Corporation in substantially the same
proportions as their ownership of stock of the Corporation; or

     (2) A change in composition of the Board during any two year
period such that the following individuals cease for any reason to
constitute a majority of the number of directors then serving on the
Board: individuals who, at the beginning of the two year period, 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
Corporation) whose appointment or election by the Board or nomination
for election by the Corporation’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 at the beginning of the two year period or whose
appointment, election or nomination for election was previously so
approved, or

     (3) There is consummated a merger or consolidation of the
Corporation 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 Corporation outstanding immediately prior
thereto holding securities which represent immediately after such
merger or consolidation at least 50% 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 Corporation approve a plan of complete liquidation
of the Corporation, or there is consummated the sale or other
disposition of all or substantially all of the Corporation’s assets.

     9. SUBROGATION. In the event of any payment under this Agreement, the
Corporation shall be subrogated to the extent thereof to all rights to
indemnification or reimbursement against any insurer or other entity or person
vested in the Indemnitee, who shall execute all instruments and take all other
actions as shall be reasonably necessary for the Corporation to enforce such
rights.

     10. ENFORCEMENT.

     (a) The Corporation expressly confirms and agrees that it has
entered into this Agreement and assumed the obligations imposed on the
Corporation hereby in order to induce Indemnitee to continue as
director or an officer of the Corporation, or both, and

6

 

acknowledges
that Indemnitee is relying upon this Agreement in continuing in such capacity.

     (b) In the event Indemnitee is required to bring any action to
enforce rights or to collect moneys due under this Agreement and is
successful in such action, Corporation shall reimburse Indemnitee for
all of Indemnitee’s reasonable fees and expenses in bringing and
pursuing such action.

     11. SEPARABILITY. Each of the provisions of this Agreement is a
separate and distinct agreement and independent of the others, so that if any
provision hereof shall be held to be invalid or unenforceable for any reason,
such invalidity or unenforceability shall not affect the validity or
enforceability of the other provisions hereof.

     12. GOVERNING LAW; BINDING EFFECT; AMENDMENT AND TERMINATION.

     (a) This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio.

     (b) This Agreement shall be binding upon Indemnitee and upon
the Corporation, its successors and assigns, and shall inure to the
benefit of Indemnitee, his heirs, personal representatives and assigns
and to the benefit of the Corporation, its successors and assigns.

     (c) No amendment, modification, termination or cancellation of
this Agreement shall be effective unless in writing signed by both

parties hereto.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.

	 	 	 	 	 	 
	 	 	RTI INTERNATIONAL METALS, INC.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	[name of authorized officer]

[title]
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	[name], Indemnitee

Dated: Effective ____________________, 20____

7EX-10.4

 

Exhibit 10.4

	 	 	 
	 

	 	RTI
	 

	 	International
	 

	 	Metals, Inc.

February 23, 2007

Ms. Dawne S. Hickton

RTI International Metals, Inc.

1000 Warren Avenue

Niles, OH 44446

Dear Ms. Hickton:

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 April 27, 2007 through April 26, 2010; provided,
however, that on April 27, 2010 and each April 27 thereafter, the Employment Period shall
automatically be extended for one additional year unless, not later than the immediately preceding
January 27, 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. This Letter
Agreement supersedes and replaces in its entirety the Letter Agreement between you and the Company
dated August 1, 1999.

     1. During the Employment Period, you will serve as Vice Chairman and Chief Executive Officer
of the Company (or in any other executive officer position within the Company to which you may
hereafter be elected by the Company’s Board of Directors), performing all duties and functions
appropriate to that office, as well as such additional duties as the Company’s 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 $425,000.
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.

 

 

Ms. Dawne S. Hickton

February 23, 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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Ms. Dawne S. Hickton

February 23, 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 upon 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 twenty-four (24) 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
twenty-four (24) 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

 - 3 - 

 

Ms. Dawne S. Hickton

February 23, 2007

Page 4

compensation) such that such 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/ Robert M. Hernandez
	 	March 2, 2007
	 

	 	 
	 	 
	 

	 	Robert M. Hernandez
	 	Date
	 

	 	Chairman of the Board of Directors	 	 
	 
	 	 	 	 
	CONFIRMED:	 	 
	 
	 	 	 	 
	   /s/ Dawne S. Hickton	 	February 26, 2007
	 	 	 
	Dawne S. Hickton	 	Date

 - 4 -

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