Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 128

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 128
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 Continuing Employee was eligible immediately prior to the Effective Time, and (B) a short-term annual cash
incentive opportunity that is not less than the short-term annual cash incentive opportunity (including annual cash bonus programs and commissions) for which such Continuing Employee was eligible immediately prior to the Effective Time, and
(ii) except to the extent otherwise agreed to with Parent or one of its Subsidiaries and the applicable Continuing Employee, if the Effective Time occurs after January 1, 2026, but prior to the grant of any phantom stock awards to such
Continuing Employee as permitted pursuant to , during the period beginning on the Closing Date and ending on December 31, 2026, a long-term incentive opportunity with a grant date fair value that is
substantially comparable to the grant date fair value of the phantom stock awards for which such Continuing Employee was eligible immediately prior to the Effective Time, as applicable (excluding any change-of-control, transaction or one-time special bonus opportunities (including any retention agreements)), (iii) during the period beginning on the Closing Date
and ending on the earlier of the first anniversary of the Closing Date and December 31, 2026, retirement, health and welfare and other benefits (excluding equity or equity-based compensation, cash-based incentive compensation (such as cash
bonuses or commissions), specific performance goals for any cash-based compensation program, long-term incentive, defined benefit arrangements, nonqualified deferred compensation,
change-of-control, transaction or one-time special bonus opportunities (including any retention agreements) and post-retirement
or retiree health and welfare arrangements (together, the “”)) that are, in Parent’s sole discretion, substantially comparable in the aggregate, to either those provided to similarly situated employees of
Parent and its Subsidiaries or those provided to such Continuing Employee immediately prior to the Closing Date (in each case, excluding the Excluded Benefits).

(b) Parent will and will cause its Subsidiaries (including the Surviving Corporation and its Subsidiaries) to use commercially reasonable
efforts to give credit to Continuing Employees under each of their respective employee benefit plans, programs and arrangements (the “”) offered to Continuing Employees for all service prior to the Effective Time
with the Company or its Subsidiaries, as applicable, or any predecessor employer (to the extent that

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such credit was given by the Company or any of its Subsidiaries, as applicable) for purposes of vesting, level of benefit accrual and eligibility to participate