Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 167

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 167
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 of Parent. The Sign On RSU will vest, subject to your continued employment through such date, on the third anniversary of the Closing;
provided, that, if your employment is terminated by Parent without “Cause” (as defined in ) or if you terminate your employment for “Good Reason” (as such terms are defined in the Severance Plan as modified
herein), subject to your timely execution and delivery to Parent of a general release in favor of Parent, the Company, and each of their affiliates that is acceptable to Parent, within twenty-one
(21) days (or in the event that such termination is “in connection with an exit incentive or other employment termination program,” forty-five (45) days) following the date of termination and your
non-revocation of such release during the applicable revocation period, all of your outstanding and then-unvested Sign On RSUs will become vested. Further, if your employment is terminated due to a Disability
(as defined in the Severance Plan) or due to your death, you will be eligible to vest into a pro-rated number of your Sign On RSUs, determined based on the number of days in the three-year vesting period that
has elapsed as of such date, provided that the foregoing release condition is satisfied by either by you or on your behalf by your estate or a person having legal power of attorney over your affairs.

Commencing with the 2027 fiscal year, you will be eligible to participate in Parent’s long-term incentive plan on the same basis as
similarly situated employees of Parent and the terms and condition of any equity award granted to you will be determined by the Parent Board, in its sole discretion and in a manner consistent with the equity awards made available to similarly
situated executives of Parent and its affiliates. You hereby acknowledge and agree that such transition to Parent’s long-term incentive plan (including, without limitation, the resulting modification to your annual long-term incentive
opportunity) shall not constitute “Good Reason” for purposes of the Severance Plan.

Benefits; Severance

During 2026, you will be eligible to receive employee benefits and perquisites that are at least as good as the employee benefits and
perquisites provided to you prior to the Closing, which must include the

2

following: (A) medical, dental, disability, and life insurance benefits and 401(k) plan contributions, (B) a car allowance and cell phone allowance of $2,200 per month,
(C) reimbursement of up to $10