Restricted Share Unit Award Memorandum Sample Contracts

CLIFFS NATURAL RESOURCES INC. 2012 INCENTIVE EQUITY PLAN RESTRICTED SHARE UNIT AWARD MEMORANDUM

Restricted Share Unit Award Memorandum • February 14th, 2014 • Cliffs Natural Resources Inc. • Metal mining • Ohio

• Contract Type
  Restricted Share Unit Award Memorandum
• Filed
  February 14th, 2014
• Company
  Cliffs Natural Resources Inc.
• Industry
  Metal mining
• Jurisdiction
  Ohio

Employee: PARTICIPANT NAME Date of Grant: GRANT DATE Number of Shares Subject to Award: SHARES GRANTED Vesting Dates: [__%] of the Restricted Share Units covered by this Memorandum and the Award Agreement shall become Vested on each of [____________, 20__, _____________, 20__ and ____________, 20__ .] (each such date a “Vesting Date”)