Exhibit 10.1
AMENDMENT TO EMPLOYMENT AND CONSULTING AGREEMENT
DATED FEBRUARY 13, 0000 XXXXXXX XXXXXX XXXXXX STEEL
CORPORATION AND XXXXXX X. XXXXX
This Amendment to Employment and Consulting Agreement, dated November 29,
2005 (the "Amendment"), amends certain provisions of the Employment and
Consulting Agreement dated February 13, 2003 between United States Steel
Corporation and Xxxxxx X. Xxxxx (the "Agreement"). All capitalized terms not
defined in this Amendment shall have the meanings assigned to them in the
Agreement.
The Agreement is hereby amended as follows:
1. Xx. Xxxxx shall retire from the Board of Directors of the Corporation
effective January 31, 2006; and the Consulting Period shall begin on
February 1, 2006 and end on April 30, 2009.
2. Xx. Xxxxx shall continue to be paid, through April 30, 2007, the
salary contemplated by the Agreement for the Chairmanship Period.
3. Beginning on May 1, 2007, and ending on April 30, 2009, Xx. Xxxxx
shall be paid the salary contemplated by the Agreement for the
Consulting Period.
All other provisions of the Agreement shall remain in effect.
Agreed to and accepted this 29th day of November 2005.
UNITED STATES STEEL CORPORATION
By /s/ Xxxxxxx X. Xxx /s/ Xxxxxx X. Xxxxx
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On behalf of the Compensation & Xxxxxx X. Xxxxx
Organization Committee of United
States Steel Corporation
