July 1, 2014 Michael G. McAuley RTI International Metals, Inc. Westpointe Corporate Center One Pittsburgh, PA 15108-2973 Dear Mr. McAuley:Rti International Metals Inc • July 8th, 2014 • Rolling drawing & extruding of nonferrous metals • Ohio
This Letter Agreement sets forth the basis upon which I have been authorized by the Board of Directors of RTI International Metals, Inc. (“Company”) to employ you in the position described in Paragraph 1 below for the Employment Period (as hereinafter defined). The “Employment Period” shall initially be the period of July 1, 2014 through June 30, 2016; provided, however, that on July 1, 2016 and each July 1 thereafter, the Employment Period shall automatically be extended for one additional year unless, not later than the immediately preceding March 31st , either you or the Company shall have given written notice to the other that you or it does not wish to extend the Employment Period; and provided further that the Employment Period shall terminate automatically when you attain age sixty-five (65). In the event this Letter Agreement is terminated for any reason other than your death, your obligations as set forth in Paragraph 9 shall survive and be enforceable notwithstanding such ter
