Document:

EX-10.3

 EXHIBIT 10.3 

RTI INTERNATIONAL METALS, INC. 

RESTRICTED STOCK OR RESTRICTED STOCK UNIT AWARD 

Grant - Terms for Restricted Stock and Restricted Stock Units  

RTI International Metals, Inc. has adopted the 2014 Stock and Incentive Plan to permit awards of restricted stock or restricted stock units to be made to
certain key employees of the Company or any Affiliate. The Company desires to provide incentives and potential rewards for future performance by the employee by providing the Participant with a means to acquire or to increase his/her proprietary
interest in the Company’s success. 
 Definitions. Capitalized terms used in this Award have the following meanings: 

 

	 	(a)	“Award” means this grant of Restricted Stock and/or Restricted Stock Units. 

  

	 	(b)	“Award Agreement” means this document. 

  

	 	(c)	“Company” means RTI International Metals, Inc., an Ohio corporation, or any successor thereto. 

  

	 	(d)	“Participant” means the individual selected to receive this Award. 

  

	 	(e)	“Plan” means the RTI International Metals, Inc. 2014 Stock and Incentive Plan, as may be amended from time to time. 

  

	 	(f)	“Restriction Period” means the length of time indicated in this Award Agreement during which the Participant cannot sell, transfer, pledge, assign or otherwise encumber the Restricted Stock or Restricted Stock
Units subject to this Award, as specified herein. 

  

	 	(g)	“Restricted Stock” means a Share that is subject to a risk of forfeiture or a Restriction Period, or both a risk of forfeiture and a Restriction Period. 

 

	 	(h)	“Restricted Stock Unit” means the right to receive a payment, in cash, Shares or a combination of both, as contemplated herein, equal to the Fair Market Value of one Share, which is subject to a risk of
forfeiture or a Restriction Period, or both a risk of forfeiture and a Restriction Period. 

  

	 	(i)	“Stock” means the Common Stock of the Company, par value $0.01 per share. 

 Other
capitalized terms used in this Award that are not otherwise defined herein have the meanings given in the Plan. 
 The parties agree as follows: 

1. Grant of Award. Subject to the terms and conditions of the Plan, a copy of which has been delivered to the Participant and made a part of this
Award, and to the terms and conditions of this Award, the Company grants to the Participant an award of Restricted Stock or Restricted Stock Units, as specified herein, on the date and with respect to the number of Shares specified herein. 

2. Restricted Shares. If the Award is in the form of Shares of Restricted Stock, the Shares are subject to the following terms: 

 

	 	(a)	Restriction Period. The Company will hold the Shares in escrow for the Restriction Period. During this period, the Shares shall be subject to forfeiture as provided in Section 4. 

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

	 	(b)	Removal of Restrictions. Subject to Section 4 below, Shares that have not been forfeited shall become available to the Participant after the last day of the Restriction Period upon payment in full of all
taxes due with respect to such Shares. 

  

	 	(c)	Voting Rights. During the Restriction Period, the Participant may exercise full voting rights with respect to the Shares. 

  

	 	(d)	Dividends and Other Distributions. Any cash dividends or other distributions paid or delivered with respect to Shares of Restricted Stock for which the record date occurs on or before the last day of the
Restriction Period will be credited to a bookkeeping account for the benefit of the Participant, which will be paid to the Participant in cash at the end of the applicable Restriction Period. Prior to the end of the Restriction Period, such account
will be subject to the same terms and conditions (including risk of forfeiture) as the Shares of Restricted Stock to which the dividends or other distributions relate. 

3. Restricted Stock Units. If the Award is in the form of Restricted Stock Units, the Restricted Stock Units are subject to the following terms:

  

	 	(a)	Restriction Period. During the Restriction Period, the Restricted Stock Units shall be subject to forfeiture as provided in Section 4. 

 

	 	(b)	Settlement of Restricted Stock Units. Subject to Section 4 below, the Restricted Stock Units shall be settled by payment of one Share per Restricted Stock Unit or payment of cash equal to the Fair Market
Value of one Share per Restricted Stock Unit, as specified herein, in each case after the last day of the Restriction Period and upon payment in full of all taxes due with respect to such Restricted Stock Units. 

 

	 	(c)	Dividend Equivalent Units. In the event Dividend Equivalent Units are awarded in tandem with this Award of Restricted Stock Units, any cash dividends or other distributions accrued with respect thereto on or
before the last day of the Restriction Period will result in a credit to a bookkeeping account for the benefit of the Participant. The Dividend Equivalent Units awarded in tandem with this Award will be equal to the dividends or other distributions
that would have been paid with respect to the Shares subject to the Restricted Stock Units had such Shares been outstanding. The account will be converted into and settled in additional Shares issued under the Plan or will be paid to the Participant
in cash at the end of the applicable Restriction Period as specified herein. Prior to the end of the Restriction Period, such account will be subject to the same terms and conditions (including risk of forfeiture) as the Restricted Stock Units to
which the Dividend Equivalent Units relate. 

 4. Termination.  

 

	 	(a)	Retirement. If the Participant terminates employment from the Company and its Affiliates, or ceases to provide services as a Non-Employee Director, due to Retirement, then any remaining Restriction Period shall
continue in full force and effective to the same extent as if such termination of employment or cessation of services due to Retirement had not occurred and any Shares of Restricted Stock or any Restricted Stock Units (and all deferred dividends or
Dividend Equivalent Units paid or credited thereon) still subject to the Restriction Period as of the date of such termination of employment or cessation of services due to Retirement shall continue to be subject to such Restriction Period.

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

	 	(b)	Death or Disability. If the Participant’s employment with the Company and its Affiliates terminates, or Participant ceases to provide services as a Non-Employee Director, because of death or Disability, or
if the Participant dies after Retirement while this Award is still subject to the Restriction Period, any remaining Restriction Period shall automatically lapse as of the date of such termination of employment or death, as applicable.

  

	 	(c)	Other Termination. If the Participant’s employment terminates or services as a Non-Employee Director ceases for any reason not described above, then any Shares of Restricted Stock or any Restricted Stock
Units (and all deferred dividends or Dividend Equivalent Units paid or credited thereon) still subject to the Restriction Period as of the date of such termination shall automatically be forfeited and returned to the Company. In the event of the
Participant’s involuntary termination of employment by the Company or an Affiliate for other than Cause, the Administrator may waive the automatic forfeiture of any or all such Shares of Restricted Stock or Restricted Stock Units (and all
Dividend Equivalent Units, deferred dividends or other distribution paid or credited thereon) and may add such new restrictions to such Restricted Stock or Restricted Stock Units as it deems appropriate. The Company may suspend payment or delivery
of Shares (without liability for interest thereon) pending the Administrator’s determination of whether the Participant was or should have been terminated for Cause. 

5. Withholding. 
  

	 	(a)	Conditions to Issuance or Payment. Participant shall be solely responsible for any taxes payable on the receipt or transfer or vesting of Shares or payment of cash or other property under this Agreement.
Participant shall promptly pay to the Company, or make arrangements satisfactory to the Company regarding payment of any federal, state or local taxes of any kind required by law to be withheld with respect to this Award. The Company shall have the
authority to require Participant to remit to the Company, prior to issuance or delivery of any Shares or the removal of any stop order or transfer restrictions on the Shares or any restrictive legends on the certificates representing the Shares, an
amount sufficient to satisfy federal, state and local income, employment and tax withholding requirements associated with this Award. 

  

	 	(b)	Share Withholding or Delivery. The Company, in its sole discretion, shall have the right to withhold Shares no longer restricted, or can withhold from cash or property, including cash or Shares under this Award,
payable or issuable to the Participant, an amount equal to the federal, state and local tax withholding requirements associated with this Award. Any withholding from Shares will be limited to an amount equal to the Company’s minimum statutory
withholding requirement. 

  

	 	(c)	Other Withholding. Dividends are considered ordinary income and will be included on Participant’s W-2 in the year of vesting. Additionally, taxes will be calculated and deducted from the total amount of
dividend payment income. To the extent required for compliance with Section 162(m) of the Code, if applicable to Participant, the Committee shall have such authority and make such determination over the Award as necessary to comply with the
terms of the Plan and Section 162(m) of the Code. 

 Participant acknowledges the receipt of tax information relating to
the Award, including information on 83(b) elections and the need to consult Participant’s own tax advisors. 

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

 6. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES OR
STOCK UNITS IS EARNED ONLY BY CONTINUING AS AN EMPLOYEE OR NON- EMPLOYEE DIRECTOR, AS APPLICABLE (NOT THROUGH THE ACT OF BEING HIRED OR BEING GRANTED OR ACQUIRING THE SHARES HEREUNDER). PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS
AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE RESTRICTION PERIOD SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED EMPLOYMENT OR ENGAGEMENT FOR THE RESTRICTION PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT
INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE PARTICIPANT’S RELATIONSHIP WITH THE COMPANY OR ITS AFFILIATES AT ANY TIME AND FOR ANY REASON. 

7. No Claim for Forfeiture. Neither the Award nor any benefit accruing to the Participant from the Award will be considered to be part of the
Participant’s normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension
or retirement or welfare benefits or similar payments. In no event may the Award or any benefit accruing to the Participant from the Award be considered as compensation for, or relating in any way to, past services for the Company or any Affiliate.
In consideration of the Award, no claim or entitlement to compensation or damages shall arise from forfeiture of the Award resulting from termination of the Participant’s employment by the Company or any Affiliate (for any reason whatsoever and
whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and its Affiliates from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction
to have arisen, then, by accepting the grant, the Participant shall have been deemed irrevocably to have waived any entitlement to pursue such claim. 
 8.
Electronic Delivery. The Company or its Affiliates may, in its or their sole discretion, decide to deliver any documents related to current or future participation in the Plan or related to this Award by electronic means. The Participant
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. The Participant
hereby agrees that all on-line acknowledgements shall have the same force and effect as a written signature. 
 9. No Reinstatement of Award. After
this Award or any portion thereof expires, is cancelled or otherwise terminates for any reason, the Award or such portion shall not be reinstated, extended or otherwise continued. 

10. Transferability. Except as otherwise provided in the Plan, this Award shall not be transferable (without the Administrator’s consent) other
than by will or the laws of descent and distribution. Following any permitted transfer, the Award shall continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, provided that the Award may be
exercised during the life of the Participant only by the Participant or, if applicable, by the Participant’s permitted transferees. 
 11.
Securities Compliance. The Company may place a legend or legends upon the certificates for Shares issued under the Plan and may issue “stop transfer” instructions to its transfer agent in respect of such Shares as it determines to
be necessary or appropriate to (a) prevent a violation of, or to obtain an exemption from, the registration requirements of the Securities Act of 1933, as amended, applicable state securities laws or other legal requirements, or
(b) implement the provisions of the Plan, this Award or any other agreement between the Company and the Participant with respect to such Shares. 

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

 12. No Restrictions on Certain Actions. The existence of the Award shall not affect in any way the right
or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or
any issuance of bonds, debentures, preferred, or prior preference stock ahead of or affecting the Stock or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any
other corporate act or proceeding, whether of a similar character or otherwise. 
 13. Amendment or Modification. The Plan is incorporated herein by
reference. In the event of any conflict between the provisions of this Agreement and the Plan, the Plan shall control. This Agreement may only be amended or terminated by a written agreement entered into by both of the parties hereto.
Notwithstanding the foregoing, the Administrator or Committee may, in their sole discretion and without Participant’s consent, modify or amend any or all of the terms of this Agreement to the extent necessary to conform this Award with, or be
excepted from, Section 409A, Section 162(m) or any present or future law relating to plans of this or similar nature, the regulations issued thereunder or an exception thereto regardless of whether such modification or amendment shall
adversely affect the rights of Participant. 
 14. Incorporation of Plan. Participant acknowledges receipt of a copy of one of the following:
(i) the Company’s annual report for its last fiscal year, (ii) the Company’s Form 10-K for its last fiscal year, or (iii) the last prospectus filed by the Company, and represents that he or she is familiar with the
terms and provisions thereof, and hereby accepts this Award subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Agreement and fully understands all provisions of this Agreement, the Plan, and the tax effect of the Award. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator
with respect to any questions arising under the Plan or this Agreement. 
 15. Power of Attorney. Participant hereby grants to the Company a power of
attorney and declares that the Company shall be the attorney-in-fact to act for and on behalf of Participant, to act in his/her name, place and stead, in connection with any and all transfers of Shares and associated rights hereunder, whether or not
vested, to the Company pursuant to this Agreement, including in the event of Participant’s termination. 
 16. Successors. All obligations of
the Company under this Award shall be binding on any successor to the Company. The terms of this Award and the Plan shall be binding upon and inure to the benefit of the Participant, and his or her heirs, executors, administrators or legal
representatives. 
 17. Legal Compliance. The granting of this Award and the issuance of Shares under this Award shall be subject to all applicable
laws, rules, and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 18.
Interpretation and Construction. Whenever possible, each provision in this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable law, then (a) such provision will be deemed amended to accomplish the objectives of the provision as originally written to the fullest extent permitted by law and (b) all other provisions of this Agreement will
remain in full force and effect. This Award is intended to be excepted from coverage under Section 409A of the Code and the regulations promulgated thereunder and shall be interpreted and construed accordingly. If, however, any benefit provided
under this Agreement is subject to the provisions of Section 409A of the Code and the regulations promulgated thereunder, the provisions of this Agreement shall be administered, interpreted and construed in a manner necessary to comply with
Section 409A and the regulations promulgated thereunder (or disregarded to the extent such provision cannot be so administered, interpreted, or 

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

 
construed). Notwithstanding the foregoing, Participant recognizes and acknowledges that Section 409A of the Code may impose upon Participant certain taxes or interest charges for which
Participant is and shall remain solely responsible. 
 19. Governing Law. This Award and the rights and obligations hereunder shall be governed by
and construed in accordance with the internal laws of the State of Ohio. 
 20. Data Privacy and Sharing. As a condition of the granting of the
Award, the Participant acknowledges and agrees that it is necessary for some of the Participant’s personal identifiable information to be provided to certain employees of the Company, a third party data processor that may administer the Plan
and any Company designated third party broker in the United States. These transfers will be made pursuant to a contract that requires the processor to provide adequate levels of protection for data privacy and security interests in accordance with
the EU Data Privacy Directive 95/46 EC and the implementing legislation of the Participant’s home country. By accepting the Award, the Participant acknowledges having been informed of the processing of the Participant’s personal
identifiable information described in the preceding paragraph and consents to the Company collecting and transferring to the Company, and any independent benefit plan administrator or third party broker utilized by the Company, the
Participant’s personal data that are necessary to administer the Award and the Plan. The Participant understands that his or her personal information may be transferred, processed and stored outside of the Participant’s home country in a
country that may not have the same data protection laws as his or her home country, for the purposes mentioned in this Award. 
 This Award and any other
documents expressly referenced in this Award contain all of the provisions applicable to the Award and no other statements, documents or practices may modify, waive or alter such provisions unless expressly set forth in writing, signed by an
authorized officer of the Company and delivered to the Participant. 
 The Company has caused this Award to be executed by one of its authorized officers as
of the date of grant. 
  

													
	RTI International Metals, Inc.	  		  	Accepted as of the above date:
							
	By	 	  
	 	(L.S.)	  	        	  	By	 	  
	 	(L.S.)
		 	Authorized Officer	 		  		  		 	Signature of Recipient	 	

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit Award 

 Annex A 

Grant Terms 
 Participant’s Name:
                     
 The undersigned Participant has
been granted a [Restricted Stock/Restricted Stock Unit] Award, subject to the terms and conditions of the Plan and this Agreement, as follows: 
  

			
	Date of Grant:	  	        , 20    
		
	Number of [Shares of Common Stock / Stock Units] Granted:	  	
		
	Restriction Period:	  	So long as Participant maintains his/her status as an Employee or Non-Employee Director (as the case may be), the Restriction Period shall lapse and the Shares or Stock Units, as applicable, shall be vested, and any dividends or
Dividend Equivalent Rights with respect to such Shares or Stock Units shall be paid or distributed, in accordance with the following schedule:

 [insert vesting schedule] 

  
 RTI International Metals,
Inc. Form of Restricted Stock or Restricted Stock Unit AwardEX-10.4

 EXHIBIT 10.4 

PERFORMANCE SHARE AWARD 

(RTI International Metals, Inc. 2014 Stock and Incentive Plan) 

THIS PERFORMANCE SHARE AWARD (this “Award”) is granted by RTI International Metals, Inc., an Ohio corporation (the
“Company” or “RTI”), to you (“Recipient”), a director or employee of the Company or one of its subsidiaries, pursuant to the terms and conditions of the RTI International Metals, Inc. 2014 Stock and
Incentive Plan, as amended and/or restated from time to time (the “Plan”), a copy of which has been delivered to you. 
 Name of Recipient:

 Grant Date:                     ,
20     
 This document shall constitute an “Award Agreement” as that term is defined in the Plan and
the Award shall be granted pursuant to Section 11 of the Plan. In addition to the terms and conditions set forth herein, this Award is subject to and governed by the terms and conditions set forth in the Plan, which is hereby incorporated by
reference. Unless the context otherwise requires, capitalized terms used in this Award and not otherwise defined herein shall have the meanings set forth in the Plan. In the event of any conflict between the provisions of this Award and the Plan,
the Plan shall control. The Company recognizes the value of your continued service and contributions to the Company and has awarded you this Performance Share Award under the Plan, subject to the terms and conditions set forth in this Award
Agreement. 
 1. Performance Share. For the purposes of this Award, a granted “Performance Share” is an award representing the right
to receive a specified number of shares of the Company’s common stock (the “Common Stock”), which right, if earned and payable under this Award, shall be paid solely in shares of Common Stock. The “Performance
Period” shall mean the three (3) year period from             , 20    through             ,
20    .  
 2. Grant of Performance Share Award. The Company hereby grants to Recipient an award of
            Performance Shares under the Plan (the “Target Award”), which shall be subject to a maximum number of Performance Shares allowable under this Award of 200% of
the Target Award (the “Maximum Award”), to ultimately be determined and earned, if at all, in accordance with Section 3 below. 
 3.
Determination of Shares Earned. Subject to Section 6 below, the Company shall deliver to Recipient one (1) share of Common Stock for each whole Performance Share that is earned based upon the level of success achieved during the
Performance Period relative to the following performance goals established by the Compensation Committee of the RTI Board of Directors: 
  

	 	(a)	Total Shareholder Return Metric. Fifty percent (50%) of your Target Award will be determined by the Company’s Total Shareholder Return, or “TSR”, achieved during the Performance Period.

  

			
	 If Total Shareholder Return (“TSR”) is:
	  	Performance Shares earned
as a percentage of Target
Award will be(1):
	 less than the 30th percentile of the Peer Group TSR
	  	0%
	 greater than or equal to the 30th percentile and less than the 50th percentile of the Peer Group TSR
	  	50.00% to 99.99% A
	 equal to the 50th percentile of the Peer Group TSR
	  	100.00% (Target Award)
	 greater than the 50th percentile but less than the 75th percentile of the Peer Group TSR
	  	100.00% to 199.99% B
	 greater than or equal to the 75th percentile of the Peer Group TSR
	  	200.00% (Maximum Award)

  

	A 	In the event TSR equals or exceeds the 30th percentile but not the 50th percentile of the Peer Group TSR, the Performance Shares earned as a percentage of the Target
Award(1) will be computed by adding 50% to a percentage determined as follows: (A)(i) TSR percentile less 30% divided by (ii) 20%; multiplied by (B) 50%. 

	B 	In the event TSR exceeds the 50th percentile but not the 75th percentile of the Peer Group TSR, the Performance Shares earned as a percentage of the Target Award(1)
will be computed by adding 100% to a percentage determined as follows: (A)(i) TSR percentile less 50% divided by (ii) 25%; multiplied by (B) 100%. 

	(1)	Represents one-half (1/2) of the Target Award. 

	 	(b)	TSR Definition. Total Shareholder Return is defined as the share price appreciation of the Company’s Common Stock plus dividends accrued, as measured during the Performance Period. The starting and ending
points for calculating TSR are the average closing stock price of the Common Stock for the twenty (20) trading days prior to the start or end date of the Performance Period, as applicable. The Peer Group utilized for comparative purposes under
the Award is as established by the Company’s Compensation Committee or other Administrator (as defined in the Plan) of the Plan (hereinafter, the “Compensation Committee”) at the Grant Date, and is set forth on Annex A
attached hereto. 

  

By way of example to illustrate the calculation of Performance Shares earned under the TSR Metric of this
Award, a TSR equal to the 35th percentile of the Peer Group TSR with a Target Award of 100 shares of Common Stock would result in delivery of forty-six (46) earned shares of Common Stock, as
it relates to the TSR Metric, which represents 50% of the Target Award. This amount is calculated as follows: 
  

			
	 Target Award:
	  	100
shares
	 50% of Target Award for TSR Metric:
	  	50
shares
	 Performance Shares Earned as Percentage of Target Award:

(((35% - 30%) / 20%) * 50%) + 50% = 62.5%

 
	  	
	 62.5% of 50 shares = 31.25 shares (rounded down to 31 shares)
	  	

 
  

	 	(c)	EPS Metric. Fifty percent (50%) of your Target Award will be determined by the Company’s year-over-year earnings per share from continuing operations (“EPS”) growth (“EPS
Growth”), using the average growth in years one and two, and a stand-alone growth determination for year three. Recipient will have the ability to earn one-half of the EPS Metric Target Award based on the average EPS Growth over the first
two years and one-half of the EPS Metric Target Award based on the EPS Growth over the third year. The calculation of EPS Growth for each year during the Performance Period shall be determined as follows: 

 

			
	 If EPS Growth for Each Year in the Performance Period
is(1):
	  	Performance Shares
earned for that year of the
Performance Period as
a
percentage of EPS Award
Component will be(1):
	 less than X% over the prior year
	  	0%
	 greater than or equal to X% and less than Y% over the prior year
	  	50.00% to 99.99% A
	 equal to Y% over the prior year
	  	100.00% (Target Award)
	 greater than Y% but less than Z% over the prior year
	  	100.00% to 199.99% A
	 greater than or equal to Z% over the prior year
	  	200.00% (Maximum Award)

  

	A 	In the event that the two-year average or year three EPS Growth is greater than or equal to X% and less than Y% over the prior period, or is greater than Y% but less than Z% over the prior period, then the number of
Performance Shares earned will be computed so as to give appropriate effect to the relative growth achieved as compared to the relative percentage of Performance Shares earned within the range set forth above. 

	(1)	One-half (1/2) of the Target Award is represented by the EPS Metric; for each of the two measurement periods (i.e. average growth over years one and two, and year-over-year growth in year three) Recipient is
eligible to earn one-half (1/2) of one-half (1/2) of the Target Award. 

  

	 	(d)	EPS Growth Determination. EPS for each calendar year within the Performance Period (with years one and two then being averaged together) will be computed by dividing net income (loss) from continuing operations
by the weighted-average of all potentially dilutive shares of Company Common Stock that were outstanding during the periods presented, as reflected in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange
Commission. EPS reported for the year prior to the first year of the Performance Period serve as the basis for ascertaining EPS Growth for the first year of the Performance Period; EPS reported for the first year of the Performance Period will serve
as the basis for ascertaining EPS Growth in the second year of the Performance Period, etc. Except as otherwise specifically provided under the terms of this Award, notwithstanding that a percentage of Shares may be earned at the end of the second
calendar year within the Performance Period pursuant to the EPS Metric, Recipient must be employed at the Company at the end of the Performance Period to be entitled to receive any Shares pursuant to this Award. 

  
 2 

 
By way of example to illustrate the calculation of Performance Shares earned under the EPS Metric of this Award, assuming
that: 
  

							
	2013 EPS = $2.70	 	2014 EPS = $2.84	 	2015 EPS = $3.27	 	2016 EPS = $4.09

 And assuming that the applicable EPS growth target percentages corresponding to potential Share earnings are:

 5% = 50% 15% = 100% 25% = 200% 

with a Target Award of 150 shares of Common Stock, would result in (1) Recipient earning the right to receive 18 earned shares of Common
Stock as of the end of year two of the Performance Period, and (2) delivery of a total of sixty-eight (68) earned shares of Common Stock, as it relates to the EPS Metric at the end of the Performance Period, which represents 50% of the
Target Award. This amount is calculated as follows: 
  

					
	 Target Award:
	  	 	100 shares	  
	 50% of Target Award for EPS Metric:
	  	 	50 shares	  

 Year One (2014) EPS Growth = $2.70 to $2.84= 5% growth 

Year Two (2015) EPS Growth = $2.84 to $3.27 = 15% growth 

Recipient entitled to earn 1/2 of
EPS Metric Target Award at end of year two: 
 Average of years one and two growth = 5% + 15% = 20% / 2 = 10% growth 

10% growth = 75% of one-half of 50% of Target Award for EPS Metric = 75% * (50% of 50 shares) = 18.75 shares 

Recipient would be entitled to receive 18 shares (rounded down from 18.75 shares) of Common Stock at the end of the Performance Period based
on the performance achieved at the end of year two of the Performance Period. 
 Year Three (2016) EPS Growth = $3.27 to $4.09 = 25%
growth = 200% of one-half of 50% of Target Award for EPS Metric = 200% * (50% of 50 shares) = 50 shares 
 Total Target Award Achieved
During Performance Period for EPS Metric = 68 shares 
 When combined with the TSR Metric, Recipient would be entitled
to receive a total of ninety-nine (99) shares of Common Stock pursuant to this Award. 

 4. Delivery of Shares. After completion of year
two and year three of the Performance Period, the Compensation Committee shall certify in writing the extent to which the performance goals and other material terms, as set forth herein, have been achieved and such certification shall be controlling
for all purposes. Except as otherwise provided in Section 6, the Company shall cause a stock certificate representing shares of Common Stock (or commensurate book entry as determined by the Company) equal to the number of Performance Shares
earned (net of any Performance Shares applied pursuant to Section 11 below) and determined under Section 3 to be issued to Recipient in the calendar year immediately following the end of the Performance Period on or before March 15th of such calendar year. 
 5. Limitation of Rights; Dividend Equivalents. Prior to the receipt of
shares of Common Stock as outlined in Section 4 above, Recipient shall not have (i) any right to transfer any rights under the Performance Shares except as permitted by Section 7 below, (ii) any rights of ownership of the shares
of Common Stock subject to the Performance Shares before the issuance of such shares, (iii) any right to vote such shares, or (iv) the right to receive any cash dividends paid on shares underlying Performance Shares if and when cash
dividends are paid to shareholders of the Company. 

  
 3 

 6. Forfeiture; Proration; Recoupment. Unless otherwise set forth below or otherwise determined by the
Compensation Committee, all outstanding Awards shall be forfeited immediately if a Recipient’s employment with or service to the Company or its subsidiaries is terminated for any reason during the Performance Period. 

 

	 	(a)	Death. In the event of Recipient’s death during the Performance Period, Recipient shall be entitled to a Prorated portion of the Performance Shares earned based on the Company’s actual performance
calculated as if the Performance Period had been completed on the date of death. Except as otherwise specifically provided hereunder, any payouts pursuant to a Recipient’s death shall be paid to Recipient’s estate as soon as practicable
following Recipient’s death, but in no event later than the last day of the “applicable 2 1/2 month period” specified in
Treas. Reg. §1.409A-1(b)(4). 

  

	 	(b)	Retirement or Disability. In the event of Recipient’s retirement (retirement shall be deemed to occur only under conditions by which a Recipient would, assuming he or she was enrolled in the Company’s
defined benefit pension plan, be entitled to an immediately receivable pension, and not a deferred vested pension ) or Disability during the Performance Period, Recipient shall be entitled to a Prorated portion of the Performance Shares earned as
calculated following the end of the Performance Period. Any payouts following Recipient’s retirement or Disability shall be made on the same schedule as payouts pursuant to Section 4 above. 

Notwithstanding any other provision of this Award to the contrary, if Recipient (other than a non-employee Director) is or becomes eligible to
separate from service on account of retirement (as defined above) during the Performance Period, any payment required to be made prior to the end of the Performance Period on account of Recipient’s separation from service shall be paid in the
month following the month containing the 6-month anniversary of the date of such separation from service (or, if earlier, the death of the Recipient). 
  

	 	(c)	Other Termination. If Recipient’s employment with the Company should terminate during the Performance Period and the Compensation Committee determines that the Award should not be forfeited, Recipient shall
be entitled to a Prorated (as defined below) portion of the Common Stock earned pursuant to the Award, as calculated following the end of the Performance Period. The Compensation Committee may cause the immediate forfeiture of Awards after a
Recipient’s employment with or service to the Company terminates if the Committee deems such forfeiture to be in the best interests of the Company. Any and all forfeitures of shares shall be evidenced by written notice to the Recipient.

  

	 	(d)	Definition of Prorated. For the purposes of this Award, the term “Prorated” shall mean the manner in which a payout is calculated based on the ratio of the number of complete months Recipient is
employed or serves during the Performance Period to the total number of months in the Performance Period. 

  

	 	(e)	Change in Control. Except as otherwise specifically provided under the terms of this Award or pursuant to any other employment agreement or policy of the Company, in the event of a Change of Control during the
Performance Period, payment under this Award will remain subject to Recipient’s continued employment with or service to the Company or its subsidiaries through the end of the Performance Period. To the extent this Award becomes earned and
payable following a Change of Control pursuant to the terms of any other employment agreement or policy of the Company or otherwise, then Recipient shall thereafter be eligible to receive payment for any Performance Shares that would have otherwise
been paid (i) based on the achievement of the performance goals measured through the date of the Change in Control, and (ii) calculated at the greater of (A) 100% of the Target Award for each of the TSR Metric and EPS Metric, or
(B) the Company’s actual performance over the abbreviated Performance Period; provided, however, with respect to the EPS Metric, the number of Performance Shares earned shall be based solely on actual performance for any calendar year
within the Performance Period that was completed prior to the Change in Control. Except as otherwise specifically provided hereunder, to the extent earned and payable, the Performance shares shall be paid as soon as practicable thereafter, but in no
event later than the last day of the “applicable 2 1/2 month period” specified in Treas. Reg. §1.409A-1(b)(4).

  

	 	(f)	The Recipient further agrees, as a condition to acceptance of this Award, that these Performance Shares, as well as any other incentive award previously granted to Recipient by the Company, may be subject to
recoupment by the Company under the provisions of any other forfeiture or clawback policy that has been or may be adopted by the Company in the future, or as required by any applicable laws then in effect. 

7. Nontransferability. Except as otherwise provided in the Plan, the Performance Shares shall not be sold, pledged, assigned, hypothecated, transferred
or disposed of (a “Transfer”) in any manner, other than by will or the laws of descent and distribution. Any attempt to Transfer the Performance Shares in violation of this paragraph or the Plan shall render this Award null and
void. 

  
 4 

 8. Adjustments;. The number of shares of Common Stock covered by the Performance Shares shall be adjusted
as set forth in Section 21(a) of the Plan to reflect dividends or other distributions, recapitalizations, stock splits, reverse stock splits, reorganizations, mergers, consolidations, split-ups, spin-offs, combinations, repurchases or
exchanges. 
 9. Peer Group Adjustments. The following adjustments shall be made to the Peer Group for the TSR Metric during the Performance Period:

  

	 	(a)	If a member of the Peer Group is acquired by another company, the acquired Peer Group company will be removed from the Peer Group for the entire Performance Period. 

 

	 	(b)	If a member of the Peer Group sells, spins-off, or disposes of a portion of its business, then such Peer Group company will remain in the Peer Group for the Performance Period unless such disposition(s) results in the
disposition of more than 50% of such company’s total assets during the Performance Period. 

  

	 	(c)	If a member of the Peer Group acquires another company, the acquiring Peer Group company will remain in the Peer Group for the Performance Period. 

 

	 	(d)	If a member of the Peer Group is delisted on all major stock exchanges, such delisted company will be removed from the Peer Group for the entire Performance Period. 

 

	 	(e)	If RTI and/or any member of the Peer Group split its stock or declare a distribution of shares, such company’s TSR performance will be adjusted for the stock split or share distribution so as not to give an
advantage or disadvantage to such company by comparison to the other companies. 

  

	 	(f)	Members of the Peer Group that file for bankruptcy, liquidation or reorganization during the Performance Period will remain in the Peer Group positioned below the lowest performing non-bankrupt member of the Peer Group
in reverse chronological order by bankruptcy date. 

 In addition, the Compensation Committee shall have the authority to make other
appropriate adjustments in response to a change in circumstances that results in a member of the Peer Group no longer satisfying the criteria for which such member was originally selected. 

10. Fractional Shares. The Company shall not be required to issue any fractional Shares pursuant to this Award, and the Compensation Committee shall
round fractions down. 
 11. Withholding. Recipient shall pay all applicable federal, state and local income and employment taxes (including taxes of
any foreign jurisdiction) which the Company is required to withhold at any time with respect to the Performance Shares. The Company shall not withhold any amount above the applicable minimum statutory withholding requirement. Such payment shall be
made in full, at Recipient’s election, in cash or check, or by the tender of previously acquired shares of Common Stock (including Performance Shares then earned and immediately deliverable under this Award). Performance Shares tendered as
payment of required withholding shall be valued at the closing price per share of the Company’s Common Stock on the date such withholding obligation arises. 

12. No Continued Rights; Rights Unsecured. The granting of this Award shall not give Recipient any rights to similar grants in future years or any
right to continuance of employment or other service with the Company or any one of its subsidiaries, nor shall it interfere in any way with any right that the Company or any one or it’s subsidiaries would otherwise have to terminate
Recipient’s employment or other service at any time, or the right of Recipient to terminate his or her services at any time. The Company shall remain the owner of all Performance Shares and Recipient shall have only the Company’s unfunded,
unsecured promise to pay pursuant to the terms of this Award. The rights of Recipient hereunder shall be that of an unsecured general creditor of the Company and Recipient shall not have any security interest in any assets of the Company. 

13. Severability. If any term, provision, covenant or restriction contained in the Award is held by a court or a federal regulatory agency of competent
jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in the Award shall remain in full force and effect, and shall in no way be affected, impaired or invalidated. 

14. Controlling Law. The validity, construction and effect of this Award will be determined in accordance with the internal laws of the State of Ohio
without giving effect to the conflict of laws. Recipient and the Company hereby irrevocably submit to the exclusive concurrent jurisdiction of the courts of the State of Ohio. Recipient and the Company also both

  
 5 

 
irrevocably waive, to the fullest extent permitted by applicable law, any objection either may now or hereafter have to the laying of venue of any such dispute brought in such court or any
defense of inconvenient forum for the maintenance of such dispute. 
 15. Entire Agreement. The Award contains the entire understanding between the
parties and supersedes any prior understanding and agreements between them representing the subject matter hereof with respect to this Award, except that this Award shall be subject to the terms and conditions set forth in any employment agreement
between Recipient and Company. There are no other representations, agreements, arrangements or understandings, oral or written, between and among the parties hereto relating to the subject matter hereof which are not fully expressed herein. Section
and other headings contained in this Award are for reference purposes only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of the Award or any provision hereof. 

16. Limitation of Actions. Any lawsuit with respect to any matter arising out of or relating to this Award must be filed no later than one
(1) year after the date that a denial of any claim hereunder is made or any earlier date that the claim otherwise accrues. 
 17. Section 409A
of the Code. This Award is intended to be comply with Section 409A of the Code and the regulations promulgated thereunder (“Section 409A”) or an exception thereto and shall be administered, interpreted and construed
accordingly. To the extent a payment is subject to Section 409A and not excepted therefrom, such payment shall be treated as made on the specified date of payment if such payment is made at such date or a later date in the same calendar year
or, if later, by the 15th day of the third calendar month following the specified date of payment, as provided and in accordance with Treas. Reg. § 1.409A-3(d). Recipient shall have no right to designate the date of any payment under this
Award. The Company may, in its sole discretion and without Recipient’s consent, modify or amend the terms of this Award, impose conditions on the timing and effectiveness of the issuance of the Performance Shares, or take any other action it
deems necessary to cause this Award to comply with Section 409A or an exception thereto. Notwithstanding, Recipient recognizes and acknowledges that Section 409A of the Code may affect the timing and recognition of payments due hereunder,
and may impose upon the Recipient certain taxes or other charges for which the Recipient is and shall remain solely responsible. 
 BY YOUR
SIGNATURE and the signature of the Authorized Officer below, you and the Company agree that this Award is granted under and governed by the terms and conditions of RTI International Metals, Inc.’s 2014 Stock and Incentive Plan, as amended
and/or restated from time to time, and the terms and conditions contained herein, as well as such administrative regulations as the Compensation Committee may adopt from time to time. 

 

									
	RTI International Metals, Inc.	  	Accepted as of the above date:
					
	By	 	  
	  	                	  	By:	 	  

		 	Authorized Officer	  		  		 	Signature of Recipient

  

  
 6 

 ANNEX A – Peer Group 

The “Peer Group TSR” for the Performance Period shall be the average equity share price appreciation plus dividends accrued, as measured
during the Performance Period, of each member of the Peer Group (set forth below). 
 The following sets forth the list of companies included in
establishing the Peer Group for purposes of establishing the award thresholds for the Performance Period, as approved by the Compensation Committee as of or prior to the date of grant of this Award and subject to adjustment pursuant to
Section 9: 
 [peer group listing] 

* * * 

  
 7

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