SEC Contract Filing

Filing Date: 2018-02-26

Document Content:
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<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>d502924dex109.htm
<DESCRIPTION>EX-10.9
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<TITLE>EX-10.9</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.9 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>FIRST AMENDMENT TO ALCOA USA CORP. NONQUALIFIED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SUPPLEMENTAL RETIREMENT PLAN C </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(as adopted effective August&nbsp;1, 2016) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Pursuant to Section&nbsp;5.1 of the Alcoa USA Corp. Nonqualified Supplemental Retirement Plan C (&#147;Plan&#148;), the Plan
is amended effective, January&nbsp;1, 2021 as follows:&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>The Plan is amended to add a new introductory paragraph as follows:</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:5%; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">As of January&nbsp;1, 2021, pursuant to Section&nbsp;5.1 of this Excess Plan, Alcoa USA Corp. is discontinuing
crediting any additional accrued benefit and no new participants shall be allowed to participate under this Excess Plan. In conjunction with ceasing accruals under the Pension Plan for Certain Salaried Employees of Alcoa USA effective
December&nbsp;31, 2020, any compensation or service after December&nbsp;31, 2020 will no longer be used toward the nonqualified accrued benefit under this Excess Plan; however, age and service will continue to be credited for purposes of determining
eligibility for a type of retirement type only. This amendment is intended to be in compliance with all requirements of Section&nbsp;409(A) of the Code.&nbsp;&nbsp;&nbsp;&nbsp;Payment options under this Excess Plan will continue to apply under
Section&nbsp;2 to the retirement benefits calculated through December&nbsp;31, 2020. Unless otherwise provided in payment options existing under the plan on December&nbsp;31, 2020, in no case will there be an acceleration of payment of any benefit
accrued to that date. No nonqualified pension benefit has been offered in lieu of this benefit. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>The definition of &#147;Annual Compensation&#148; in Article I of the Plan shall be amended by adding the
following sentence to the end thereof:</B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">A Participant&#146;s Annual Compensation will not be
considered after December&nbsp;31, 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>The definition of &#147;Average Final Compensation&#148; in Article I of the Plan shall be amended by
adding the following sentence to the end thereof: </B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">A Participant&#146;s Average Final Compensation
will be frozen and fixed as of December&nbsp;31, 2020. </P>

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<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>The definition of &#147;Pension Service&#148; in Article I of the Plan shall be amended by adding the
following sentence to the end thereof: </B> </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Pension Service will be frozen and fixed as of
December&nbsp;31, 2020 for purposes of determining the amount of a benefit under the Plan. Pension Service used for determining eligibility for a type of retirement will continue to grow after that date. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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