Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 26

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 26
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) . Each Company RSU other than the SERP RSUs described in Section 2.5(a)(iii) below shall be
assumed by Parent and shall be converted into a restricted stock unit award with respect to shares of Parent Common Stock in accordance with this . Each such Company RSU as so assumed and
converted shall continue to have, and shall be subject to, the same terms and conditions as applied to such Company RSU immediately prior to the Effective Time (which, for the avoidance of doubt, includes, in each case, to the extent set forth in
the underlying Company Stock Plan and/or award agreement (1) accelerated vesting and payment as a result of the Closing, if any, (2) any requirement for continued service with Company or its affiliates, and (3) the holder’s
right to make an election to receive cash in lieu of shares (each Assumed RSU containing such election, an “”)), except for terms rendered inoperative by reason of the Transactions and other
administrative or ministerial changes determined by Parent and that, as of the Effective Time, each such Company RSU as so assumed and converted shall be a restricted stock unit covering that number of whole shares of Parent Common Stock (rounded
down to the nearest whole share) equal to the product of (X) the number of shares of Company Common Stock subject to such Company RSU multiplied by (Y) the Exchange Ratio (after such conversion, an “”).

(ii) If a holder of an Assumed Settlement Election RSU makes a timely written
election to receive a cash settlement in respect of their Assumed RSUs in accordance with the terms of their applicable award agreement, the Surviving Corporation shall (or shall cause one of its affiliates to) pay an amount in cash (without
interest) equal to (X) the number of shares of Parent Common Stock subject to such Assumed Settlement Election RSU multiplied by (Y) the closing price per share of Parent Common Stock on the Closing Date, less any applicable tax
withholding obligations, and such cash amount shall be paid within thirty days of Closing.

9

(iii) s. Each Company RSU that was contributed to and used
to fund a participant’s account balance in the Company’s Supplemental Executive Retirement Plan (the “”) shall be canceled and converted into a cash amount (“”) equal to
(A) the product of (X) the number of shares of Company Common Stock subject to such Company RSU, multiplied by (Y) the Exchange