Exhibit 10.22
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[LOGO]
[LETTERHEAD OF XXXXXXX XXXX]
November 16, 1999
Xx. Xxxxxx X. Xxxxxx, Xx.
Xxxxx, Brown & Xxxxx
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Retainer Arrangement
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Dear George:
This will confirm our arrangement under which you have agreed to provide
professional services to Ryerson Xxxx, Inc. on a retainer basis. We will pay
Xxxxx, Xxxxx & Xxxxx a retainer fee of $10,000 per month, plus reasonable
expenses, for these services.
You agree to make yourself personally available, on request, to me, our
General Counsel Xxxxx Xxxx, the other members of our senior management team and
our Board of Directors from time to time for advice and counsel on strategic and
other issues.
Ryerson Xxxx, Inc. is a regular client of your Firm. We understand,
however, that you will not bill us on an hourly basis for these services. In the
event that any particular project requires a major commitment of your time, then
the Firm and we shall discuss whether your services on that project should be
billed to us in the traditional manner as part of your Firm's regular monthly
statements.
This retainer arrangement may be terminated by either of us at any time
upon notice to the other.
Xx. Xxxxxx x Xxxxxx, Xx.
Page 2
November 16, 1999
If this letter correctly sets forth our understanding, please so indicate in the
appropriate space below and return a signed copy hereof to us.
Very truly yours,
XXXXXXX XXXX, INC.
By: /s/ Xxxx X. Xxxxxx
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Chairman, President and
Chief Executive Officer
Accepted and Agreed to:
/s/ Xxxxxx X. Xxxxxx, Xx
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Xxxxxx X. Xxxxxx, Xx
XXXXX, BROWN & XXXXX
By: /s/ Xxxxxx xx Xxxxx
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Managing Partner
