EX-10.1
KAISER ALUMINUM CORP
Kaiser Aluminum Corporation
2021 EQUITY and INCENTIVE Compensation PLAN
(Amended and Restated Effective June 4, 2026)
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.
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)
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