Amendment to Alcoa Deferred Compensation Estate Enhancement Plan
This amendment to the Alcoa Deferred Compensation Estate Enhancement Plan, made by Alcoa, responds to the requirements of the American Jobs Creation Act of 2004. Effective December 31, 2004, the plan is frozen, meaning no new participants can join and no new credits will be added after that date. Existing credits and earnings as of December 31, 2004, remain governed by the plan's previous terms. All other aspects of the plan remain unchanged and are confirmed.
Exhibit 10(x)(3)
AMENDMENT TO THE
ALCOA DEFERRED COMPENSATION ESTATE ENHANCEMENT PLAN
The American Jobs Creation Act of 2004 requires certain changes to plan provisions effective January 1, 2005; therefore the plan is amended as follows:
| 1. | The first paragraph is revised by adding the following: |
Due to the American Jobs Creation Act of 2004, all Credits in Participants’ accounts as of December 31, 2004, including any Earnings Credits thereon after December 31, 2004, shall continue to be subject to all Plan provisions in effect as of that date. Effective December 31, 2004, this Plan is frozen, and there are no active Participants. No new Participants will be permitted to participate and no new Credits will be added to this Plan after December 31, 2004.
| 2. | In all other respects, the Plan is ratified and confirmed. |
