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Exhibit 10(w)
FOURTH AMENDMENT
TO
TRUST AGREEMENT NO. 5
WHEREAS, Cleveland-Cliffs Inc ("Cleveland-Cliffs") and AmeriTrust
Company National Association entered into Trust Agreement No. 5, formerly known
as Trust Agreement, (the "Agreement") effective October 28, 1987, which
Agreement was amended on three previous occasions;
WHEREAS, Society National Bank (the "Trustee") is the successor in
interest to AmeriTrust Company National Association; and
WHEREAS, Cleveland-Cliffs and the Trustee desire to amend the
Agreement;
NOW, THEREFORE, effective November 1, 1994, Cleveland-Cliffs and the
Trustee hereby amend the Agreement to provide as follows:
1. The first recital on page one of the Agreement is amended to provide
as follows:
"WHEREAS, certain benefits are or may become payable under the
provisions of certain Deferred Compensation Agreements ("Agreements")
between Cleveland-Cliffs, or between The Cleveland-Cliffs Iron Company
and assumed by Cleveland-Cliffs, effective July 1, 1995, and certain
executives ("Executives"), to the persons listed from time to time on
Exhibit A hereto (as provided in Section 9(c) hereof) or to the
beneficiaries of such persons (Executives and Executives' beneficiaries
are referred to herein as "trust beneficiaries"), as the case may be;"
2. Exhibit A to the Agreement, which Exhibit A is attached hereto and
made a part hereof, is amended to provide as hereinafter set forth.
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IN WITNESS WHEREOF, Cleveland-Cliffs and the Trustee have executed this
Fourth Amendment at Cleveland, Ohio, this 19th day of November, 1994.
CLEVELAND-CLIFFS INC
By /s/ X. X. Xxxxx
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Title: Vice President-Human Resources
SOCIETY NATIONAL BANK
By _____________________________________
Title:
