Common use of Timing, Medium and Posting Clause in Contracts

Timing, Medium and Posting. An Employer shall make each period’s Company Matching Contribution as soon as administratively feasible, and for purposes of deducting such Contribution, by not later than the Employer’s federal tax filing date, including extensions. The Trustee shall post such amount to each Participant’s Company Matching Contribution Account as soon as administratively reasonable after the total Contribution received has been balanced against the specific amount to be credited to each Participant’s Company Matching Contribution Account. The Company Matching Contributions may be made either in (i) cash or (ii) shares of Company Stock, valued at the closing price of the shares on the New York Stock Exchange on the date the contribution on which the Company Matching Contribution is based is withheld from the Participant’s Pay, if the shares are contributed directly to the Trust. The Employer may also, in one or more transactions, purchase shares of Company Stock in the open market as treasury stock with instructions to the broker-dealer or other person authorized to execute the transaction to deliver on behalf of the Employer the shares purchased by the Employer upon settlement to the Trustee (or for credit to the Trustee’s account with a depository), in which event the shares purchased shall be valued at the cost of treasury stock purchased, plus commission, if any, and any other out-of-pocket expenses related to the transaction. Alternatively, the Employer may, in one or more transactions, purchase shares of Company Stock directly from a Participant, employee or other person, other than a Participant, employee or other person to whom the restrictions in Section 16(a) or Section 16(b) of the Securities and Exchange Act of 1934 are applicable, with instructions to the transfer agent of the Employer to deliver the certificates for such shares of treasury stock directly to the Trustee (or for credit to the Trustee’s account with a depository); the purchase price for any such shares of treasury stock shall be based on the closing price of the Company Stock on the New York Stock Exchange on the business day of the transaction (and shall not include any out-of-pocket expenses related to such a transaction), which shall be the value of the shares delivered to the Trustee for Plan accounting purposes.

Timing, Medium and Posting. An Employer shall make each period’s any Company Discretionary Matching Contribution as soon as administratively feasiblereasonable after the end of the applicable Plan Year and, and for purposes of deducting such ContributionContributions, by not later than the EmployerCompany’s federal tax filing date, including extensions. The Trustee shall post such amount to each eligible Participant’s Company Discretionary Matching Contribution Account as soon as administratively reasonable after the total Contribution received has been balanced against the specific amount to be credited to each Participant’s Company Discretionary Matching Contribution Account. The Company Discretionary Matching Contributions may be made either in (i) cash or (ii) shares of Company Stock, valued at the closing price of the shares on the New York Stock Exchange on the date the contribution on which the Company Discretionary Matching Contribution is based is withheld from the Participant’s Pay, if the shares are contributed directly to the Trust. The Employer may also, in one or more transactions, purchase shares of Company Stock in the open market as treasury stock with instructions to the broker-dealer or other person authorized to execute the transaction to deliver on behalf of the Employer the shares purchased by the Employer upon settlement to the Trustee (or for credit to the Trustee’s account with a depository), in which event the shares purchased shall be valued at the cost of treasury stock purchased, plus commission, if any, and any other out-of-pocket expenses related to the transaction. Alternatively, the Employer may, in one or more transactions, purchase shares of Company Stock directly from a Participant, employee or other person, other than a Participant, employee or other person to whom the restrictions in Section 16(a) or Section 16(b) of the Securities and Exchange Act of 1934 are applicable, with instructions to the transfer agent of the Employer to deliver the certificates for such shares of treasury stock directly to the Trustee (or for credit to the Trustee’s account with a depository); the purchase price for any such shares of treasury stock shall be based on the closing price of the Company Stock on the New York Stock Exchange on the business day of the transaction (and shall not include any out-of-pocket expenses related to such a transaction), which shall be the value of the shares delivered to the Trustee for Plan accounting purposes.

Timing, Medium and Posting. An Employer The Company shall make each period’s Company its Retirement K Matching Contribution as soon as administratively feasiblefeasible after each pay period, and for purposes of deducting such Contribution, by not later than the EmployerCompany’s federal tax filing date, including extensions. The Trustee shall post such amount to each Participant’s the Company Matching Contribution Account of each Retirement K Participant as soon as administratively reasonable after the total Contribution received has been balanced against the specific amount to be credited to each Participant’s Company Matching Contribution such Account. The Company Retirement K Matching Contributions may be made either in (i) cash or (ii) shares of Company Stock, valued at the closing price of the shares on the New York Stock Exchange on the date the contribution on which the Company Retirement K Matching Contribution is based is withheld from the Participant’s Pay, if the shares are contributed directly to the Trust. The Employer may also, in one or more transactions, purchase shares of Company Stock in the open market as treasury stock with instructions to the broker-dealer or other person authorized to execute the transaction to deliver on behalf of the Employer the shares purchased by the Employer upon settlement to the Trustee (or for credit to the Trustee’s account with a depository), in which event the shares purchased shall be valued at the cost of treasury stock purchased, plus commission, if any, and any other out-of-pocket expenses related to the transaction. Alternatively, the Employer may, in one or more transactions, purchase shares of Company Stock directly from a Participant, employee or other person, other than a Participant, employee or other person to whom the restrictions in Section 16(a) or Section 16(b) of the Securities and Exchange Act of 1934 are applicable, with instructions to the transfer agent of the Employer to deliver the certificates for such shares of treasury stock directly to the Trustee (or for credit to the Trustee’s account with a depository); the purchase price for any such shares of treasury stock shall be based on the closing price of the Company Stock on the New York Stock Exchange on the business day of the transaction (and shall not include any out-of-pocket expenses related to such a transaction), which shall be the value of the shares delivered to the Trustee for Plan accounting purposes.

Timing, Medium and Posting. An Employer shall make each period’s Company Matching any Sterling Steel Contribution as soon as administratively feasiblefeasible after the end of the applicable Plan Year and, and for purposes of deducting such ContributionContributions, by not later than the Employer’s federal tax filing date, including extensions. The Trustee shall post such amount to each eligible Participant’s Company Matching Sterling Steel Contribution Account as soon as administratively reasonable after the total Contribution received has been balanced against the specific amount to be credited to each Participant’s Company Matching Sterling Steel Contribution Account. The Company Matching Contributions Sterling Steel Contribution may be made either in (i) cash or (ii) shares of Company Stock, valued at the closing price of the shares on the New York Stock Exchange on the date the contribution on which the Company Matching Sterling Steel Contribution is based is withheld from made by the Participant’s PayEmployer, if the shares are contributed directly to the Trust. The Employer may also, in one or more transactions, purchase shares of Company Stock in the open market as treasury stock with instructions to the broker-dealer or other person authorized to execute the transaction to deliver on behalf of the Employer the shares purchased by the Employer upon settlement to the Trustee (or for credit to the Trustee’s account with a depository), in which event the shares purchased shall be valued at the cost of treasury stock purchased, plus commission, if any, and any other out-of-pocket expenses related to the transaction. Alternatively, the Employer may, in one or more transactions, purchase shares of Company Stock directly from a Participant, employee or other person, other than a Participant, employee or other person to whom the restrictions in Section 16(a) or Section 16(b) of the Securities and Exchange Act of 1934 are applicable, with instructions to the transfer agent of the Employer to deliver the certificates for such shares of treasury stock directly to the Trustee (or for credit to the Trustee’s account with a depository); the purchase price for any such shares of treasury stock shall be based on the closing price of the Company Stock on the New York Stock Exchange on the business day of the transaction (and shall not include any out-of-pocket expenses related to such a transaction), which shall be the value of the shares delivered to the Trustee for Plan accounting purposes.