Document:

EX-10(c)

 Exhibit 10(c) 
 ALCOA INC. 
 TERMS AND CONDITIONS FOR RESTRICTED SHARE UNITS

 Effective May 3, 2013 
 These terms and conditions are authorized by the Compensation and Benefits Committee of the Board of Directors. They are deemed to be incorporated into and form a part of every Award of Restricted Share
Units issued on or after May 3, 2013 under the 2013 Alcoa Stock Incentive Plan, as last amended prior to the grant (the “Plan”). 

Terms that are defined in the Plan have the same meanings in these terms and conditions, except that Alcoa or Company means Alcoa Inc. or any of its
controlled subsidiaries or affiliates. 
 General Terms and Conditions 

1. Restricted Share Units are subject to the provisions of the Plan and the provisions of these terms and conditions. A Restricted
Share Unit is an undertaking by the Company to issue the number of Shares indicated in the Participant’s account at Merrill Lynch’s OnLine® website www.benefits.ml.com, except to the extent otherwise provided in the Plan or herein. A Participant has no voting rights or rights to receive dividends
on Restricted Share Units, but the Board of Directors may authorize that dividend equivalents be accrued and paid on Restricted Share Units upon vesting. 
 Vesting 
 2. A Restricted Share Unit vests on the third anniversary date of the
grant date. 
 3. Except as provided in paragraph 4, if a Participant’s employment with the Company is terminated before the Restricted
Share Unit vests, the Award is forfeited and is automatically canceled. 
 4. The following are exceptions to the vesting rules: 

 

	 	•	 	 Death or Disability: a Restricted Share Unit held by a Participant, who dies while an employee or who is permanently and totally disabled while
an employee, is not forfeited but vests on the original stated vesting date. 

 A Participant is deemed to be
permanently and totally disabled if the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be
expected to last for a continuous period of not less than 12 months. A Participant shall not be considered to be permanently and totally disabled unless the Participant furnishes proof of the existence thereof in such form and manner, and at such
times, as the Company may require. In the event of a dispute, the determination whether a Participant is permanently and totally disabled will be made by the Committee. 

  
 2013
RESTRICTED SHARE UNIT TERMS AND CONDITIONS (MAY 2013) 
  

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	 	•	 	 Change in Control: a Restricted Share Unit vests if a Replacement Award is not provided following certain Change in Control events, as described
in the Plan. 

  

	 	•	 	 Retirement: a Restricted Share Unit is not forfeited if it is held by a Participant who retires at least 6 months after the grant date under a
Company plan (or if there is no Company plan, a government retirement plan) in which the Participant is eligible for an immediate payment of a retirement benefit. In such event, the Restricted Share Unit vests in accordance with the original vesting
schedule of the grant. 

  

	 	•	 	 Divestiture: if a Restricted Share Unit is held by a Participant identified by the Company to be terminated from employment with the Company as
a result of a divestiture of a business or a portion of a business of the Company and the Participant either becomes an employee of (or is leased or seconded to) the entity acquiring the business on the date of the closing, or the Participant is not
offered employment with the entity acquiring the business and is terminated by the Company within 90 days of the closing of the sale, then, at the discretion of the Chief Executive Officer of Alcoa Inc., the Restricted Share Unit will not be
forfeited and will vest in accordance with the original vesting schedule. For purposes of this paragraph, employment by “the entity acquiring the business” includes employment by a subsidiary or affiliate of the entity acquiring the
business; and “divestiture of a business” means the sale of assets or stock resulting in the sale of a going concern. “Divestiture of a business” does not include a plant shut down or other termination of a business.

 5. A Participant will receive one Share upon the vesting of a Restricted Share Unit. 

Taxes 
 6. All taxes
required to be withheld under applicable tax laws in connection with a Restricted Share Unit must be paid by the Participant at the appropriate time under applicable tax laws. Alcoa will withhold from the Shares to be issued upon payment of the
Restricted Share Unit that number of Shares with a Fair Market Value on the vesting date equal to the taxes required to be withheld at the minimum required rates, which include, for Participants subject to taxation in the United States, applicable
income taxes, federal and state unemployment compensation taxes and FICA/FUTA taxes. 

  
 2013
RESTRICTED SHARE UNIT TERMS AND CONDITIONS (MAY 2013) 
  

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 Fair Market Value 
 7. “Fair Market Value” per Share on any given date is the closing price per Share on that date as reported on the New York Stock Exchange or other stock exchange on which the Shares principally
trade. If the New York Stock Exchange or such other exchange is not open for business on the date Fair Market Value is being determined, the closing price as reported for the next business day on which that exchange is open for business will be
used. 
 Beneficiaries 
 8. Participants will be entitled to designate one or more beneficiaries to receive all Restricted Share Units that have not yet vested at the time of death of the Participant. All beneficiary designations
will be on beneficiary designation forms approved for the Plan. Copies of the form are available from the Communications Center on Merrill Lynch’s OnLine® website www.benefits.ml.com. 
 9.
Beneficiary designations on an approved form will be effective at the time received by the Communications Center on Merrill Lynch’s OnLine® website www.benefits.ml.com. A Participant may revoke a beneficiary designation at any time by written notice to the Communications Center on Merrill
Lynch’s OnLine® website www.benefits.ml.com or by filing a new designation form. Any designation
form previously filed by a Participant will be automatically revoked and superseded by a later-filed form. 
 10. A Participant will be entitled
to designate any number of beneficiaries on the form, and the beneficiaries may be natural or corporate persons. 
 11. The failure of any
Participant to obtain any recommended signature on the form will not invalidate the beneficiary designation or prohibit Alcoa from treating such designation as valid and effective. No beneficiary will acquire any beneficial or other interest in any
Restricted Share Unit prior to the death of the Participant who designated such beneficiary. 
 12. Unless the Participant indicates on the form
that a named beneficiary is to receive Restricted Share Units only upon the prior death of another named beneficiary, all beneficiaries designated on the form will be entitled to share equally in the Restricted Share Units upon vesting. Unless
otherwise indicated, all such beneficiaries will have an equal, undivided interest in all such Restricted Share Units. 
 13. Should a
beneficiary die after the Participant but before the Restricted Share Unit is paid, such beneficiary’s rights and interest in the Award will be transferable by the beneficiary’s last will and testament or by the laws of descent and
distribution. A named beneficiary who predeceases the Participant will obtain no rights or interest in a Restricted Share Unit, nor will any person claiming on behalf of such individual. Unless otherwise specifically indicated by the Participant on
the form, beneficiaries designated by class (such as “children,” “grandchildren” etc.) will be deemed to refer to the members of the class living at the time of the Participant’s death, and all members of the class will be
deemed to take “per capita.” 

  
 2013
RESTRICTED SHARE UNIT TERMS AND CONDITIONS (MAY 2013) 
  

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 Performance Feature 
 14. If a Restricted Share Unit is issued with a performance feature, the following additional terms and conditions will apply to that Award: 

 

	 	•	 	 The Participant will have the right to receive from 0% to 200% of the number of Shares indicated on the grant date, based on achievement of performance
objectives established by the Committee for that Award. 

  

	 	•	 	 The performance period is three years. Performance for each year of the three-year period will be determined by the Committee at the end of each year
with one-third of the number of restricted share units initially granted subject to the performance criteria each year. 

  
 2013
RESTRICTED SHARE UNIT TERMS AND CONDITIONS (MAY 2013) 
  

4EX-10(d)

 Exhibit 10(d) 
 TERMS AND CONDITIONS 
 AUSTRALIAN ADDENDUM 

ALCOA INC. (“Alcoa”) 
 2013 Alcoa Stock Incentive Plan 
  

	1.	Purpose. This addendum (the “Australian Addendum”) to the 2013 Alcoa Stock Incentive Plan is provided to set out certain rules which, together
with the Award Agreement for an Award, the 2013 Prospectus and the 2013 Alcoa Stock Incentive Plan, shall govern the operation of the Awards with respect to Australian resident employees of Alcoa and its Australian subsidiaries. In the event of any
conflict between the Australian Addendum and the 2013 Alcoa Stock Incentive Plan, the Australian Addendum shall prevail. 

  

	2.	Definitions. 

 For
purposes of this Australian Addendum: 
 “ASIC” means the Australian Securities and Investments Commission.

 “Award” has the meaning given in the Plan. 

“Award Agreement” has the meaning given in the Plan. 

“Class Order” means ASIC Class Order 03/184. 
 “Plan” means the 2013 Alcoa Stock Incentive Plan as modified for the purpose of its implementation in Australia by this Australian Addendum. 

“Stock Exchange” means the New York Stock Exchange. 

 

	3.	Rules of the Plan. The Awards are governed by the Australian Addendum, the Award Agreement for an Award, the 2013 Prospectus and the Plan. During the Award
period, Alcoa will, within a reasonable time of you so requesting, provide you with a copy of the Plan rules, without charge. 

  

	4.	No cash settlement. Alcoa will only issue Alcoa stock to you under an Award. For the avoidance of doubt Awards will not be wholly or partly settled by payment of
cash (except in respect of any Stock Appreciation Rights granted under the Plan). 

  

	5.	Contract for future provision of services. Despite any provision to the contrary in any of the Awards, the Awards are part of your contract for the future
provision of services to Alcoa. 

  

	6.	Updated Pricing Information. During the Award period, Alcoa will, within a reasonable period after receiving a written request from you, provide you with details
of the current market price of Alcoa stock, in both American dollars and Australian dollars, as at the date of your request. As you may be aware, the Alcoa stock price can be easily accessed via the Alcoa website at www.alcoa.com, within the
Invest section. 

 The “current market price” of Alcoa stock shall be taken as the price published by the
Stock Exchange on which Alcoa stock is quoted as the final price for the previous day on which the Alcoa stock was traded on the Stock Exchange. 

  
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 During the Award period, Alcoa will within a reasonable period after receiving a written
request from you, provide you with details of the Australian dollar equivalent of the acquisition price of the Award, as at the date of your request. 
  

	7.	Investment in shares involves a degree of risk. Employees who participate in the Plan should monitor their participation and consider all risk factors relevant
to holding Alcoa stock. 

 The information or advice contained in the grant document for an Award, the 2013
Prospectus and this Australian Addendum is general advice only. You should consider obtaining your own financial product advice from an independent person who is licensed by ASIC to give advice regarding participation in the Plan. 

 

	8.	Restriction in granting Alcoa stock under an Award. Alcoa will only issue Alcoa stock to you under an Award if Alcoa stock has been quoted on the Stock Exchange
throughout the 12 month period immediately preceding the date of issue without suspension for more than 2 trading days during that period. 

  

	9.	Restriction on Capital Raising: 5% limit. The number of shares of Alcoa stock that are the subject of an Award (but disregarding offers to persons situated
outside Australia) when aggregated with: 

  

	 	(a)	the number of shares of Alcoa stock in the same class which would be issued were each outstanding offer with respect to Alcoa stock made under an employee share scheme
extended only to employees or directors of Alcoa or of associated bodies corporate of Alcoa to be accepted or exercised (but disregarding offers to persons situated outside Australia); and 

 

	 	(b)	the number of shares of Alcoa stock in the same class issued during the previous 5 years pursuant to employee share schemes extended only to employees or directors
of Alcoa or of associated bodies corporate of Alcoa (but disregarding offers to persons situated outside Australia), 

 will not exceed 5% of the total number of issued shares of Alcoa stock in that class as at the time of granting the Award (certain offers may be disregarded under the Class Order). 

 

	10.	Lodgment with ASIC. No later than seven days after offers are made to you, the Australian Addendum and copies of all accompanying documents provided to employees
shall be provided to ASIC. 

  
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