0001072613-12-000584 Sample Contracts

RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit • August 31st, 2012 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • Oregon

Pursuant to Section 8 of the 1993 Stock Incentive Plan (the “Plan”) of Schnitzer Steel Industries, Inc., an Oregon corporation (the “Company”), on August 30, 2012 the Compensation Committee of the Board of Directors of the Company authorized and granted to Tamara L. Lundgren (the “Recipient”) an award of restricted stock units with respect to the Company’s Class A Common Stock (“Common Stock”), subject to the terms and conditions of this agreement between the Company and the Recipient (this “Agreement”). By accepting this award, the Recipient agrees to all of the terms and conditions of this Agreement.

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STOCK OPTION AGREEMENT NON-STATUTORY STOCK OPTION AGREEMENT
Stock Option Agreement • August 31st, 2012 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods

Pursuant to the 1993 Stock Incentive Plan, as amended of SCHNITZER STEEL INDUSTRIES, INC., an Oregon corporation (the “Company”), the Company grants to ______________ (the “Optionee”), the right and option (the “Option”) to purchase all or any part of _______ shares of the Company's Class A Common Stock at a purchase price of $34.75 per share, subject to the terms and conditions of this agreement between the Company and the Optionee (this “Agreement”). By accepting this Option grant, the Optionee agrees to all of the terms and conditions of the Option grant. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement.

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