Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 30

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 30
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the date hereof and is outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holders thereof, be canceled and converted into the right to receive an amount in cash equal to the
cash amount that would be owed under such Company Performance-Based Cash Awards based on actual performance for a Company Performance-Based Cash Award subject to a 2023-2025 performance period and assuming achievement of 100% of target performance
for all other Company Performance-Based Cash Awards. The holder of such Company Performance-Based Cash Award shall, within thirty days of the Closing Date, be paid by the Surviving Corporation (or one of its affiliates) in accordance with its
regular payroll practices the cash amount (without interest) payable to such holder pursuant to this .

(ii) Each award of a Company Performance-Based Cash Award that is granted following the date hereof and outstanding
immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holders thereof, be assumed by Parent or one of its Subsidiaries (as designated by Parent), and such Company Performance-Based Cash
Award shall remain outstanding and continue to be eligible to vest in accordance with, and subject to, the terms thereof (such

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award, the “”). Each Assumed Performance-Based Cash Award shall continue to have, and shall be subject to, the same terms and
conditions as applied to such Company Performance-Based Cash Award immediately prior to the Effective Time (including any requirement for continued service with Parent or its affiliates and any performance-based vesting conditions), except for terms
rendered inoperative by reason of the Transactions and other administrative or ministerial changes determined by Parent.

(g) . All other long-term cash awards granted under the Company Stock Plan or otherwise shall be treated in accordance with the terms of the applicable plan or award agreement. Specifically, any awards outstanding under the
Metal-Fab Manager Long-Term Incentive Plan and Metal-Fab Manager Retention Incentive Plan shall, by virtue of the Merger and without any action on the part of the
holders thereof, be assumed by Parent or one of its Subsidiaries (as designated by Parent), and such awards shall remain outstanding and continue to be eligible to vest in accordance with, and subject to, the terms thereof, including the following:
(i) a portion of the award shall vest pursuant to the terms of the applicable plan in an amount equal to the total award value, multiplied by