Amendment to the Alcoa Deferred Compensation Plan (Effective January 1, 2016)
This amendment to the Alcoa Deferred Compensation Plan, effective January 1, 2016, clarifies that sales incentive payments are excluded from the definitions of various types of compensation credits under the plan. All other terms of the plan remain unchanged. The amendment is made pursuant to the plan's provisions allowing such changes.
Exhibit 10(mmm)
AMENDMENT TO THE
ALCOA DEFERRED COMPENSATION PLAN
Pursuant to Article X of the Alcoa Deferred Compensation Plan (“Plan”), the plan is amended as of January 1, 2016, as follows:
1. The definitions of “Additional Salary Reduction Credits”, “Credits”, “Employer Contribution Credits”, “Matching Company Credits”, “Post-2004 Credits”, “Salary” and “Salary Reduction Credits” in Article I – Definitions shall be amended to add the following to the end thereof:
“In no circumstance shall any portion of an Employee’s sales incentive payments be included for the preceding purposes.”
2. In all other respects, the Plan is ratified and confirmed.
