Common use of Consultation with Attorney; Voluntary Agreement Clause in Contracts

Consultation with Attorney; Voluntary Agreement. Releasor represents that the Company has advised Releasor to consult with an attorney of Releasor’s choosing prior to signing this Release Agreement. Releasor further represents that he or she understands and agrees that he or she has the right and has been given the opportunity to review this Release Agreement, with an attorney of Releasor’s choice. Releasor further represents that he or she understands and agrees that the Company is under no obligation to offer the payments and benefits set forth in paragraph 1 above, and that Releasor is under no obligation to consent to this Release Agreement, and that Releasor has entered into this Release Agreement freely and voluntarily. Releasor shall have twenty-one (21) days to consider this Release Agreement, unless Releasor is terminated in connection with a an exit incentive or other group termination program, in which case Releasor shall have forty-five (45) days to consider this Release Agreement. In either case, once Releasor has signed this Release Agreement, Releasor shall have seven (7) additional days from the date of execution to revoke his or her consent. Any such revocation shall be made in writing to Attn: Corporate Secretary, Alcoa Corporation, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, and shall be deemed to have been duly given when hand delivered or when mailed by United States certified mail, return receipt requested. If no such revocation occurs, this Release Agreement shall become effective on the eighth (8th) day after Releasor shall have executed and returned it to the Company (the “Effective Date”). In the event that Releasor revokes his or her consent to this Release Agreement prior to the Effective Date, this Release Agreement shall be null and void and no payments or benefits shall be due hereunder or under the Severance Agreement.

Consultation with Attorney; Voluntary Agreement. Releasor represents Employee shall have up to twenty-one (21) days from the date of his receipt of this Agreement to consider the terms and conditions of this Agreement. Employee may accept this Agreement at any time within this period by executing it and returning it to the Company no later than 5:00 p.m. on the twenty-first (21st) day after his receipt of this Agreement. Thereafter, Employee will have seven (7) days to revoke this Agreement by stating his desire to do so in writing to the Company no later than 5:00 p.m. on the seventh (7th) day following the date he signs this Agreement. The effective date of this Agreement shall be the eighth (8th) day following his signing of this Agreement (the “Release Effective Date”), provided Employee does not revoke the Agreement during the revocation period. In the event Employee does not accept this Agreement as set forth above, or in the event he revokes this Agreement during the revocation period, this Agreement, including but not limited to the obligation of the Company and its subsidiaries and affiliates to accelerate the vesting of the Options referred to in Section 2 above, shall automatically be deemed null and void. Employee acknowledges that the Company has advised Releasor Employee to consult with an attorney of ReleasorEmployee’s choosing prior to signing this Release AgreementRelease. Releasor further represents that he or she Employee understands and agrees that he or she Employee has the right and has been given the opportunity to review this Release Agreement, with an attorney of Releasor’s choiceattorney. Releasor further represents that he or she Employee also understands and agrees that the Company Employee is under no obligation to offer sign the payments Release. Employee acknowledges and benefits set forth in paragraph 1 above, agrees that the accelerated vesting of the remaining unvested Options hereunder is sufficient consideration to require Employee to abide with Employee’s obligations under this Release. Employee represents that Employee has read this Release and understands its terms and that Releasor is under no obligation to consent to this Release Agreement, and that Releasor has entered Employee enters into this Release Agreement freely freely, voluntarily and voluntarily. Releasor shall have twenty-one (21) days to consider this Release Agreement, unless Releasor is terminated in connection with a an exit incentive or other group termination program, in which case Releasor shall have forty-five (45) days to consider this Release Agreement. In either case, once Releasor has signed this Release Agreement, Releasor shall have seven (7) additional days from the date of execution to revoke his or her consent. Any such revocation shall be made in writing to Attn: Corporate Secretary, Alcoa Corporation, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, and shall be deemed to have been duly given when hand delivered or when mailed by United States certified mail, return receipt requested. If no such revocation occurs, this Release Agreement shall become effective on the eighth (8th) day after Releasor shall have executed and returned it to the Company (the “Effective Date”). In the event that Releasor revokes his or her consent to this Release Agreement prior to the Effective Date, this Release Agreement shall be null and void and no payments or benefits shall be due hereunder or under the Severance Agreementwithout coercion.

Consultation with Attorney; Voluntary Agreement. Releasor represents a. The Executive acknowledges that (i) the Company has advised Releasor the Executive to consult with an attorney of Releasorthe Executive’s choosing prior to before signing this Release Separation Agreement. Releasor further represents that he or she understands and agrees that he or she has , (ii) the right and Executive has been given the opportunity to review seek the advice of counsel and has, in fact, obtained the advice of sophisticated counsel, (iii) the Executive has carefully read and fully understands all of the provisions of this Release Separation Agreement, with an attorney of Releasor’s choice. Releasor further represents that he (iv) the release provided herein specifically applies to any rights or she understands claims the Executive may have against the Releasees pursuant to the ADEA, (v) the Executive is entering into this Separation Agreement knowingly, freely and agrees that voluntarily in exchange for good and valuable consideration to which the Company Executive is under no obligation to offer not otherwise entitled, including the payments and benefits set forth in paragraph 1 above, and that Releasor is under no obligation to consent to Section 3 of this Release Separation Agreement, and that Releasor (vi) the Executive has entered the full power, capacity and authority to enter into this Release Agreement freely Separation Agreement. b. The Executive understands and voluntarily. Releasor shall have agrees that the Executive has been given at least twenty-one (21) calendar days following the Executive’s receipt of this Separation Agreement (on June 7, 2022) to consider whether to sign this Release Separation Agreement, unless Releasor is terminated in connection with although the Executive may sign it sooner. In no event shall the Executive sign this Separation Agreement prior to the Separation Date. c. For a an exit incentive or other group termination programperiod of fifteen (15) days after the date on which the Executive signed it, the Executive may, in which case Releasor shall have forty-five the Executive’s sole discretion, revoke this Separation Agreement by delivering a written notice of rescission to the Company by email to Axxxxxx Xxxxx at Axxxxxx.Xxxxx@xxxxxxxxxxx.xxx by no later than 5:00 p.m. ET of the fifteenth (4515th) days to consider day following the Executive’s execution of this Release Separation Agreement. . d. In either case, once Releasor has signed this Release Agreement, Releasor shall have seven (7) additional days from the date event of execution to revoke his or her consent. Any such revocation by the Executive, the release in Section 5 of this Separation Agreement shall be made of no force or effect, and the Company’s obligations to make the payment set forth in writing Section 3 above shall be null and void. If the Executive does not revoke this Separation Agreement pursuant to Attn: Corporate Secretarythis Section 6, Alcoa Corporation, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, this Separation Agreement shall become final and binding and shall be deemed to have been duly given when hand delivered or when mailed by United States certified mail, return receipt requested. If no such revocation occurs, this Release Agreement shall become effective irrevocable on the eighth (8th) calendar day after Releasor shall have executed and returned it to following the Company date of the Executive’s execution of this Separation Agreement (such date, the “Effective Date”). In the event that Releasor revokes his or her consent Changes to this Release Separation Agreement prior to made after the Effective DateExecutive’s receipt of this Separation Agreement, this Release Agreement whether material or immaterial, shall be null and void and no payments or benefits shall be due hereunder or under not restart the Severance Agreementrunning of the twenty-one (21) calendar day consideration period.