Amendment to the December 30, 2010 Amendment of the Alcoa Deferred Compensation Plan

Summary

This amendment clarifies the definition of the phrase "as soon as administratively practical" in the Alcoa Deferred Compensation Plan. Effective January 1, 2011, the term is defined as the later of 90 days after retirement, termination, death, or trustee determination, or 2.5 months after the end of the year in which these events occur. The amendment ensures clear timing for plan actions following these events. All other terms of the plan remain unchanged.

EX-10.(T).(12) 3 d448525dex10t12.htm EX-10(T)(12) EX-10(t)(12)

Exhibit 10(t)(12)

AMENDMENT TO THE AMENDMENT DATED AS OF DECEMBER 30, 2010 OF THE

ALCOA DEFERRED COMPENSATION PLAN

Pursuant to Article X of the Alcoa Deferred Compensation Plan (“Plan”), the plan was amended as of December 30, 2010, and items 7 and 8 of that amendment were intended to define the phrase, “as soon as administratively practical” wherever it appears in the Plan. In order to clarify the intent of the original amendment, items 7 and 8 of that amendment are deleted, and the amendment is amended as follows.

7.	Section 8.2 is amended by adding the following sentence to the end thereof:

Effective January 1, 2011, the term “as soon as administratively practical” means within the later of: (a) 90 days of Retirement or termination or (b) 2 ¹/₂ months after the year of Retirement or termination.

8.	Section 8.3 is amended by adding the following sentence to the end thereof:

Effective January 1, 2011, the term “as soon as administratively practical” means within the later of: (a) 90 days of Retirement or (b) 2 ¹/₂ months after the year of Retirement.

9.	Section 8.4 is amended by adding the following sentence to the end thereof:

Effective January 1, 2011, the term “as soon as administratively practical” means within the later of: (a) 90 days of Death or (b) 2 ¹/₂ months after the year of Death.

10.	Section 8.7 is amended by adding the following sentence to the end thereof:

Effective January 1, 2011, the term “as soon as administratively practical” in this Section means within the later of: (a) 90 days of the trustee’s determination or (b) 2 ¹/₂ months after the year of the trustee’s determination.

In all other respects, the Plan is ratified and confirmed.