ContractLong-Term Incentive Award Agreement • January 8th, 2014 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • Oregon
NOTE: The following form of Long-Term Incentive Award Agreement is the form used for awards to corporate-level employees. In the Long-Term Incentive Award Agreements for employees who work exclusively for the Company’s Metals Recycling Business or Auto Parts Business, the Payout Factor is based 100% on the MRB/APB Payout Factor, all references to the SMB Payout Factor are omitted, and various conforming language changes are made. In the Long-Term Incentive Award Agreements for employees who work exclusively for the Company’s Steel Manufacturing Business, the Payout Factor is based 100% on the SMB Payout Factor, all references to the MRB/APB Payout Factor are omitted, an SMB Sale is treated the same as a Company Sale, and various conforming language changes are made.
