Exhibit 10(ff)(4)
AMENDMENT TO THE
ALCOA GLOBAL PENSION PLAN
The American Jobs Creation Act of
2004 requires certain changes to plan provisions required by
Section 409A of the Internal Revenue Code, and regulations
thereunder. In order to comply with the requirements and clarify
certain plan provisions, the plan is amended as follows:
1. Due to the change of
the Company’s name, Aluminum Company of America is replaced
with Alcoa Inc. throughout.
2. Effective
January 1, 2009, the Eligibility provision in
Section 1.1(B) is amended by adding the following sentence to
the end thereof:
Effective January 1, 2009,
Participants who are U.S. residents, who are also eligible to
participate in the Alcoa Savings Plan, are no longer eligible to
participate in this Plan.
3. Effective
January 1, 2009, the definition of Continuous Service in
Section 1.3 is restated to terminate continuous service after
6 months for most absences as follows:
“Continuous Service”
means, except as modified by the balance of this definition, the
period of continuous employment with the Company, either as a
salaried employee or as an hourly-rated employee, subject to such
rules as may be adopted from time to time by the Director.
Continuous Service terminates upon any quit, dismissal, discharge,
Retirement, or any other termination of employment with the
Company; any determination by the Manager that employment with
these entities has terminated is conclusive, final, and binding.
Effective January 1, 2009, absences from such employment due
to inactive status, sick leave, leave of absence or layoff shall
constitute a termination of Continuous Service after such status
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