Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 168

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 168
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,000 per year for personal tax preparation and financial services fees, and (D) payment of country club dues. Commencing with the 2027 fiscal year and for each fiscal year thereafter, if so determined by the
Parent Board, in lieu of the foregoing, you may instead be eligible to participate in the health, welfare, and retirement benefits made available to similarly situated executives of Parent. Further, you hereby acknowledge and agree that your car and
cell phone allowance and reimbursement for personal tax services and country club dues may be replaced with a one-time adjustment to your base salary equal to the cost of the foregoing.

Further, while your employment remains at-will, meaning that either you or the Company will be
entitled to terminate your employment at any time and for any reason, with or without cause, each of Parent and the Company hereby acknowledge and agree that following the Closing, you will remain eligible to receive the same severance payments and
benefits set forth in the Key Executive Severance Plan, effective November 2, 2023 (the “Severance Plan”), subject to the terms and conditions set forth in the Severance Plan and acknowledgements set forth herein.

Good Reason Acknowledgement

By signing below and subject to, conditioned on and in consideration for, your Appointment and your receipt of the Sign-On RSU and compliance with this Letter Agreement by the Company and Parent, you acknowledge and agree that you fully and voluntarily waive your rights (a) to submit a notice of “Good Reason”
termination under prong (i), (ii) or, as it relates to reasonable travel that may be required of you to effectively perform your duties and responsibilities or otherwise for business reasons, (iii) of such definition and/or (b) to claim
severance or similar benefits in connection with your Appointment or any change, individually or collectively, in your reporting structure, authority, duties, position, or responsibilities as a result of your appointment, under the Severance Plan,
or with respect to any of your outstanding awards subject to the Amended and Restated Olympic Steel, Inc. 2007 Omnibus Incentive Plan, the Olympic, Inc. Senior Management Compensation Plan, or the Olympic Steel, Inc.
C-Suite Long Term Incentive Plan, each as may be amended from time to time (together, the “Incentive Plans”), and the applicable award agreements issued to you thereunder, or any
other agreement to which you are a party with the Company or any of its subsidiaries or