Common use of Non-Competition Payment Clause in Contracts

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenants, Nucor will pay Executive $124,012.00 each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): (A) are the same payments that Executive would have been entitled to pursuant to Section 3 of the Executive Agreement, and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 of the Executive Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenants, Nucor will pay Executive $124,012.00 140,196.00 each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) 24 months following the Effective Date. Subject to the provisions of Paragraph 2(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) 12 months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) 12th month following the Effective Date. If Executive dies twelve (12) 12 or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): (A) are the same payments that Executive would have been entitled to pursuant to Section 3 of the Executive Employment Agreement, and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 of the Executive Employment Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantscovenants contained herein, Nucor will pay Executive One Hundred Twenty One Thousand Seven Hundred Seventy-Two Dollars ($124,012.00 121,772) each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments Payment shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): 3(b) (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement, Employment Agreement and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenants, Nucor will pay Executive Two Hundred Fifty Nine Thousand Dollars ($124,012.00 259,000.00) each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement, and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantscovenants contained herein, Nucor will pay Executive One Hundred Twenty Five Thousand Five Hundred and Thirty Eight Dollars ($124,012.00 125,538.00) each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments Payment shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): 3(b) (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement, Employment Agreement and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantsrestrictive covenants set forth herein, Nucor will pay Executive $124,012.00 406,000.00 each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) 24 months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) 12 months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) 12th month following the Effective Date. If Executive dies twelve (12) 12 or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b3(b): (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement, and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantscovenants contained herein, Nucor will pay Executive One Hundred Ten Thousand Six Hundred Eighty Four Dollars ($124,012.00 110,684.00) each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments Payment shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): 3(b) (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement, Employment Agreement and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantsrestrictive covenants set forth herein, Nucor will pay Executive $124,012.00 159,824.00 each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) 24 months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) 12 months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) 12th month following the Effective Date. If Executive dies twelve (12) 12 or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b3(b): (A) are the same payments that Executive would have been entitled to pursuant to Section 3 of the Executive Agreement, and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 of the Executive Agreement.

Non-Competition Payment. (i) Contingent upon his execution of this Agreement and strict compliance with the Restrictive Covenantscovenants contained herein, Nucor will pay Executive One Hundred Ten Thousand Six Hundred Eighty Four Dollars ($124,012.00 110,684.00) each month (the “Monthly Non-Compete Payments”, and together with the Monthly Severance Plan Payments, collectively, the “Monthly Separation Payments”) for twenty-four (24) months following the Effective Date. Subject to the provisions of Paragraph 2(c3(c) of this Agreement, the payments of the Monthly Non-Compete Payments shall be made each month following the Effective Date. All Monthly Non-Compete Payments shall be subject to regular and customary withholding. (ii) If Executive dies prior to the Effective Date, Nucor’s obligations to make any payments of the Monthly Non-Compete Payments under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Non-Compete Payments under this Agreement. If Executive dies during the first twelve (12) months following the Effective Date, then Nucor will pay Executive’s estate the payments of the Monthly Non-Compete Payments through the end of the twelfth (12th) month following the Effective Date. If Executive dies twelve (12) or more months following the Effective Date, then Nucor’s obligations to make any payments of the Monthly Non-Compete Payments subsequent to Executive’s death will automatically terminate without the necessity of Nucor providing notice (written or otherwise). (iii) Executive acknowledges and agrees that the payments described in this Paragraph 2(b): 3(b) (A) are the same payments that Executive would have been entitled to pursuant to Section 3 4 of the Executive Agreement, Employment Agreement and (B) are provided in lieu of, and not in addition to, the payments Executive would have been entitled to pursuant to Section 3 4 of the Executive Employment Agreement.