Summary of Expatriate Benefit Arrangements for Mr. Ricardo Belda
This document outlines the expatriate benefits provided to Mr. Ricardo Belda as of February 17, 2006. It states that Mr. Belda will receive benefits under the company's Global Expatriate Employee Policy as it existed before January 1, 2003. Additionally, he will receive pension benefits equivalent to those offered to U.S. employees under Alcoa’s qualified and non-qualified pension plans. The agreement ensures Mr. Belda receives comparable benefits to U.S.-based employees during his expatriate assignment.
Exhibit 10(ss)
Summary of expatriate benefit arrangements for Mr. Ricardo Belda
Date: February 17, 2006
1. Benefits provided to expatriate employees under the Global Expatriate Employee Policy (pre-January 1, 2003).
2. Pension benefits equivalent to those a U.S. employee would receive under Alcoa’s tax qualified pension plan, Employees Retirement Plan of Aluminum Company of America, Plan I for salaried employees, and in the non tax qualified excess plans.
