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.
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