EX-10.1
from 8-K
26 pages
Kaiser Aluminum Corporation 2021 Equity and Incentive Compensation Plan (Amended and Restated Effective June 11, 2024) 1. Purpose. the Purpose of This Plan Is to Permit Award Grants to Non-Employee Directors and Officers, Other Employees and Certain Service Providers of the Company and Its Subsidiaries and to Provide to Such Persons Incentives and Rewards for Service and/or Performance. 2. Definitions. as Used in This Plan: (A) “Appreciation Right” Means a Right Granted Pursuant to Section 5 of This Plan, and Will Include Tandem Appreciation Rights and Free-Standing Appreciation Rights. (B) “Base Price” Means the Price to Be Used as the Basis for Determining the Spread Upon the Exercise of a Free-Standing Appreciation Right or a Tandem Appreciation Right. (C) “Board” Means the Board of Directors of the Company. (D) “Cash Incentive Award” Means a Cash Award Granted Pursuant to Section 8 of This Plan. (E) “Change in Control” Has the Meaning Set Forth in Section 12 of This Plan. (F) “Code” Means the Internal Revenue Code of 1986, as Amended, and the Regulations Thereunder, as Such Law and Regulations May Be Amended From Time to Time. (G) “Committee” Means the Compensation Committee of the Board (Or Its Successor(s)), or Any Other Committee of the Board Designated by the Board to Administer This Plan Pursuant to Section 10 of This Plan. (H) “Common Shares” Means the Shares of Common Stock, Par Value $0.01 Per Share, of the Company or Any Security Into Which Such Common Stock May Be Changed by Reason of Any Transaction or Event of the Type Referred to in Section 11 of This Plan. (I) “Company” Means Kaiser Aluminum Corporation, a Delaware Corporation, and Its Successors
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