FORM OF EXECUTIVE OFFICER CHANGE OF CONTROL AGREEMENTExecutive Officer Change of Control Agreement • March 26th, 2014 • Ak Steel Holding Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio
Reference is made to the agreement between us, dated [date of Executive Officer's original Change-of-Control Agreement and any amendments thereto] (the “Prior Agreement”), setting forth the extent to which benefits will be provided to you in the event of termination, under certain circumstances after a “Change of Control” (as defined below), of your employment with AK Steel Corporation (the “Company”), AK Steel Holding Corporation (“Holding”) or any of their respective subsidiaries, affiliates, or successors (hereinafter collectively referred to as “AKS”). Upon your execution of this letter agreement (the “Agreement”), the Prior Agreement shall be deemed superseded in its entirety and no longer in effect. The Agreement sets forth your obligations and commitments in exchange for continued employment with AKS, the compensation and benefits you receive during such employment, and the promise and/or receipt of severance benefits if your employment terminates under certain circumstances. It
FORM OF EXECUTIVE OFFICER SEVERANCE AGREEMENTExecutive Officer Severance Agreement • March 26th, 2014 • Ak Steel Holding Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio
Reference is made to the agreement between us, dated [date of Executive Officer's original Severance Agreement and any amendments thereto] (the “Prior Agreement”), setting forth the extent to which benefits will be provided to you in the event of termination, under certain circumstances, of your employment with AK Steel Corporation (the “Company”), AK Steel Holding Corporation (“Holding”) or any of their respective subsidiaries, affiliates, or successors (hereinafter collectively referred to as “AKS”). Upon your execution of this letter agreement (the “Agreement”), the Prior Agreement shall be deemed superseded in its entirety and no longer in effect. This Agreement sets forth your obligations and commitments in exchange for continued employment with AKS, the compensation and benefits you receive during such employment, and the promise and/or receipt of severance benefits if your employment terminates under certain circumstances. It establishes time limits for asserting certain claims
