SEC Contract Filing

Filing Date: 2019-05-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tv521955_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>EXHIBIT 10.2</B> <B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">ARCONIC INC.<BR>
CHANGE IN CONTROL SEVERANCE PLAN</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company hereby
amends and restates, effective as of May 14, 2019, the Arconic Inc. Change in Control Severance Plan (this &ldquo;<U>Plan</U>&rdquo;),
which was originally adopted on January 11, 2002 (the &ldquo;<U>Effective Date</U>&rdquo;), subsequently amended on January 1,
2010, subsequently amended and restated on February 27, 2017, and subsequently amended and restated on February 1, 2018. All capitalized
terms used and not otherwise defined herein are defined in Section&nbsp;1 hereof.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">SECTION 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>DEFINITIONS</U>.
As hereinafter used:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Affiliate</U>&rdquo;
shall have the meaning set forth in Rule 12b-2 under Section&nbsp;12 of the Exchange Act.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Applicable
Multiplier</U>&rdquo; shall mean (a)&nbsp;in the case of a Tier I Employee, three (3), (b)&nbsp;in the case of a Tier II Employee,
two (2), and (c)&nbsp;in the case of a Tier III Employee, one and one-half (1.5); <U>provided</U>, <U>however</U>, that, with respect
to an Eligible Employee who incurs a Severance Event during the three-year period immediately preceding such individual&rsquo;s
Mandatory Retirement Age, such multiplier shall be multiplied by a fraction, the numerator of which is the number of full and partial
months remaining until such Eligible Employee attains Mandatory Retirement Age, and the denominator of which is thirty-six (36).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Applicable
Period</U>&rdquo; shall mean (a)&nbsp;in the case of a Tier I Employee, the thirty-six (36)-month period immediately following
such Tier I Employee&rsquo;s Severance Date, (b)&nbsp;in the case of a Tier II Employee, the twenty-four (24)-month period immediately
following such Tier II Employee&rsquo;s Severance Date, and (c)&nbsp;in the case of a Tier III Employee, the eighteen (18)-month
period immediately following such Tier III Employee&rsquo;s Severance Date; <U>provided</U>, <U>however</U>, that, with respect
to an Eligible Employee who incurs a Severance Event during the three-year period immediately preceding such individual&rsquo;s
Mandatory Retirement Age, such period shall be multiplied by a fraction, the numerator of which is the number of full and partial
months remaining until such Eligible Employee attains Mandatory Retirement Age, and the denominator of which is thirty-six (36).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Beneficial
Owner</U>&rdquo; shall have the meaning set forth in Rule 13d-3 under the Exchange Act.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Board</U>&rdquo;
means (a)&nbsp;prior to a Change in Control, the Board of Directors of the Company and (b)&nbsp;following a Change in Control,
if the Company is not the ultimate parent corporation of the group that includes the Company and all of its Affiliates and is not
publicly traded, the board of directors of the ultimate parent company of such group.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Business
Combination</U>&rdquo; shall have the meaning set forth in Section 1.8(c).</P>

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