Exhibit 10(ll)

Administrative Procedures for the
Executive Management Annual Incentive Compensation Program
under the United States Steel Corporation Annual Incentive Compensation Plan
As approved by the Compensation & Organization Committee on February 22, 2016

1.
Administration. The Compensation & Organization Committee (the “Committee”)
shall administer the Annual Incentive Compensation Program (the “Program”) under
and pursuant to the authority provided in the Board of Directors’ April 27, 2010
delegation to the Committee and Section 3 of the United States Steel Corporation
Annual Incentive Compensation Plan (the “Plan”).

A.
Definitions. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings set forth in the Plan.

2.
Participation/Eligibility. All management employees of the Corporation, its
Subsidiaries and affiliates are eligible to participate in the Program upon
designation by the Committee, in the case of Covered Employees, or, in the case
of other management employees, upon designation by the Chief Executive Officer.

A.
Executive Management. All Executive Management employees (defined as those
employees whose compensation is approved or reviewed by the Committee) of U. S.
Steel, its subsidiaries and affiliates designated via written notice as
participants are eligible to participate (“Eligible Employees” or
“Participants”).

B.
New Participants. A Participant who was not a Participant on the first day of
the Performance Period may, subject to the Committee’s discretion, become a
Participant during the Performance Period, participating on a pro rata basis for
the remaining portion of the period in which such Participant first becomes
eligible to participate, but shall be ineligible to participate in this Program
for any portion of a year during which the Participant participates in any other
cash incentive or bonus plan or program; provided, however, that a Covered
Employee (as defined in Section 162(m) of the Internal Revenue Code) may so
participate only if he or she becomes a Participant effective not later than 90
days after the beginning of the Performance Period.

C.
Rights. No Participant or other employee shall have any claim to be granted an
Award under the Program, and nothing contained in the Program or any Award
Agreement shall confer upon any Participant any right to continue in the employ
of the Corporation, its Subsidiaries or affiliates or interfere in any way with
the right of the Corporation, its Subsidiaries or affiliates to terminate a
Participant's employment at any time.

3.
Performance Period.

A.
Calendar year. Unless otherwise determined by the Committee at the commencement
of each Performance Period, each such Performance Period shall be a calendar
year.

4.
Award Pool.

A.
Amount of the Award Pool. The amount of the award pool (the “Award Pool”) shall
be established by the Committee during the first 90 days of the Performance
Period, and shall apply to the Section 16 officers of the Company for purposes
of complying with

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Section 162(m) of the Internal Revenue Code. The total amount of the Award Pool
shall be the aggregate of the total Individual Maximum Awards approved by the
Committee for each Section 16 officer for the Performance Period. The
“Individual Maximum Award” for purposes of these Administrative Procedures shall
be the Incentive Target as defined in Section 5.01 of the Plan.

B.
Funding the Pool. The funding of the Award Pool will be dependent on the
achievement of the Threshold Corporation Performance Goal, which shall also be
established by the Committee during the first 90 days of the Performance Period.
Unless otherwise determined by the Committee, the Threshold Corporation
Performance Goal shall be based on net sales, which is a permitted performance
measure pursuant to Section 5.03(a) of the Plan. If the Threshold Corporation
Performance Goal is achieved, the Award Pool will be funded at the level
established by the Committee with respect to the degree of attainment of the
Threshold Performance Goal. Should the Company fail to meet the Threshold
Corporation Performance Goal, the Total Award Pool shall not be funded and no
awards shall be made under the Plan for the Performance Period.

The Committee will use negative discretion pursuant to Section 5.05 of the Plan
to reduce the amount of the Individual Maximum Award payable based on the
Incentive Award Calculation Formula, as described below, and calculate the
amount of the Incentive Award payable to each Participant for the Performance
Period; provided further that any forfeitures or reductions, whether through
exercise of downward discretion or otherwise, shall not be permitted to result
in any increase in the amount of any Individual Maximum Award payable to any
other Participant.

C.
Threshold Corporation Performance Goal. The Threshold Corporation Performance
Goal for the Performance Period shall be the target assigned to one or more
Performance Goals, which shall be set by the Committee during the first 90 days
of the Performance Period. Unless otherwise determined by the Committee at the
beginning of the relevant Performance Period, the Threshold Corporation
Performance Goal will be the following objective measure:

(1)
Net Sales. Net Sales shall mean the total amount of net sales reported on the
consolidated statements of operations of United States Steel Corporation,
including net sales to related parties. It is intended that the target for this
measure and its related performance calculation be consistent with the target
and performance calculations for the Segment Earnings Before Interest, Taxes,
Depreciation, and Amortization (EBITDA), Total EBITDA, and Cash Flow, including
the Business Plan Target Segment EBITDA, Business Plan Target Total EBITDA, and
Business Plan Cash Flow, such that, to the extent an asset is excluded for any
reason from the target calculation for Business Plan Target Segment EBITDA,
Business Plan Total EBITDA, and Business Plan Cash Flow, the corresponding net
sales, if any, are to be excluded from the Net Sales target and performance
calculations, and, if an asset is included in the target calculation for the
Business Plan Target Segment EBITDA, Business Plan Target Total EBITDA, and
Business Plan Cash Flow, the corresponding net sales, if any, are to be included
in the Net Sales target and performance calculations.

(2)
Adjustments. Subject to the foregoing, the Committee may determine that changes
in accounting standards or extraordinary items (as determined by the

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independent accountants of the Corporation in accordance with generally accepted
accounting principles), shall be excluded from the calculation of the Threshold
Corporation Performance Goal to the extent permitted in Section 162(m) of the
Code.

5.
Incentive Award Determination.

A.
Incentive Award Goals. The Committee will use negative discretion pursuant to
Section 5.05 of the Plan to reduce the amount of the Individual Maximum Award
payable based on the achievement of one or more Incentive Award Goals, which
will be used in the Incentive Award Calculation Formula. Unless otherwise
determined by the Committee, the Incentive Award Goals shall be the following
objective measures:

(1)
Segment EBITDA and Total EBITDA. Segment EBITDA shall mean, for the Performance
Period, EBITDA for each business unit (reportable segments and other
businesses). Total EBITDA shall mean, for the Performance Period, total EBITDA
for consolidated worldwide operations (including minority interests). EBITDA
shall be determined as described in paragraph (2)(a) below.

(2)
Cash Flow. Cash Flow shall mean, for the Performance Period, EBITDA for
consolidated worldwide operations (including minority interests), plus or minus
changes in current receivables, inventories, and current accounts payable and
accrued expenses, less consolidated worldwide capital expenditures.

(a)
EBITDA for consolidated worldwide operations (including minority interests)
shall mean income from operations as reported in the consolidated statements of
operations of United States Steel Corporation, plus or minus the effect of items
not allocated to segments (excluding postretirement benefit expenses) as
disclosed in the notes to the consolidated financial statements of United States
Steel Corporation, plus depreciation, depletion and amortization as reported in
the consolidated statements of cash flows of United States Steel Corporation.

(b)
Changes in current receivables, inventories, and current accounts payable and
accrued expenses shall mean those amounts reported on the consolidated
statements of cash flows of United States Steel Corporation.

(c)
Consolidated worldwide capital expenditures shall mean capital expenditures as
reported on the consolidated statements of cash flows of United States Steel
Corporation.

(3)
Safety Performance. Safety Performance, for target and actual performance
purposes, shall mean the number of serious injury cases and work-related
fatalities occurring during the Performance Period involving the represented and
non-represented employees at the properties and operations of United States
Steel Corporation and its subsidiaries as contemplated by the targets set by the
Committee at the beginning of the Performance Period. A serious injury case
shall mean a work-related injury that prevents an employee from returning to
work for 31 or more calendar days. Whether an employee injury or fatality is
“work-related,” or not, will be determined by the Corporation’s top safety
officer consistent with OSHA guidelines.

 

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B.
Adjustments. The Committee may make adjustments to the Incentive Award Goal
calculations as determined by the Committee in its discretion.

C.
Setting of Individual Incentive Targets and Payout Scales.

(1)
The Individual Incentive Target, defined as a percentage of base salary
(expressed for the Participant, grade level and/or position), and the Payout
Scales for all levels of performance goals shall be set by the Committee.

(2)
The Individual Incentive Target shall be calculated by multiplying the
designated target percentage by the actual base salary earned by the Participant
during the relevant portions of the Performance Period.

(3)
The Payout Scale applied to all performance goals based on the actual
performance achieved will determine the payout percent applied in the Incentive
Award Calculation Formula under section 6, subject to negative adjustment by the
Committee and the Individual Maximum Award for the Performance Period.

D.
Assignment of Segment EBITDA Performance Goal to Participants. The Committee
shall assign to each Participant a Segment EBITDA performance goal representing
the reportable segment’s performance for which the Participant is responsible
for driving. Participants who are “corporate staff” executives responsible for
multiple segments may be assigned a Weighted Segment EBITDA performance goal,
which shall be determined by the Committee and reflect a relative weighting of
the segments for which the Participant is responsible. Certain Participants
(i.e., the Chief Executive Officer) may be assigned a Total EBITDA performance
goal.

Should a Participant’s responsibilities change during the Performance Period
with respect to the segments that are supported, the Committee shall assign the
established Segment, Weighted Segment, or Total EBITDA performance goal to apply
for the portion of the Performance Period related to the period for which the
new responsibilities are effective.

E.
Individual Performance. Individual Performance relative to individual
performance goals as specified in the Participant’s goal plan for the
Performance Period will be assessed for each Participant by the Chief Executive
Officer with input from the Participant’s direct manager following the end of
the Performance Period. The Chief Executive Officer’s Individual Performance
will be assessed by the Committee with input from the full Board of Directors.
The Individual Performance assessment will impact the Participant’s calculated
award as set forth under the Incentive Award Calculation Formula, however, the
assessment of Individual Performance does not preclude the Committee from
exercising downward discretion and/or determining that no award should be paid
to a Participant for a Performance Period.

6.
Incentive Award Calculation Formula.

A.
Relative weighting. Unless otherwise determined by the Committee when
establishing the Incentive Award Goals, the relative weighting assigned to each
of the performance measures shall be as follows:

(1)
Segment EBITDA/Total EBITDA. Segment EBITDA/Total EBITDA shall be weighted at
50% of the Total Corporate Payout Percent.

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(2)
Cash Flow. Cash Flow shall be weighted at 50% of the Total Corporate Payout
Percent.

(3)
Individual Performance. Individual Performance shall be applied as a modifier to
the Total Corporate Payout Percent, which is the sum of the weighted Segment
EBITDA/Total EBITDA and Cash Flow payout percentages. The assessment of
Individual Performance shall be quantified as a percentage between 50%
(representing individual performance at a level of “needs improvement”) and 130%
(representing individual performance at a level of “far exceeds expectations”),
with 100% representing a level of “meets expectations.”

(4)
Safety Performance. Safety Performance shall add 5% of the Individual Incentive
Target value if the Safety goal is met. If the Safety goal is not met, there
shall be no impact to the award calculation.

  
B.
Calculated award. The calculated award for each Participant shall be determined
by adding the product of the Individual Incentive Target and the Total Corporate
Payout Percent, modified for Individual Performance, to the product of the
Individual Incentive Target and the Safety payout percent, as illustrated below:

(Individual Incentive Target x Total Corporate Payout Percent x Individual
Performance modifier) + (Individual Incentive Target x Safety Performance)

C.
Maximum award level. The maximum award level shall be 233% of the Individual
Incentive Target value with achievement of the highest level of performance for
the Segment EBITDA, Total EBITDA, Cash Flow, Individual Performance, and Safety
Goals, further subject to the individual per‑employee maximum set forth in the
Plan.

7.
Payout Mechanics.

A.
Payout determination.

(1)
Evaluation. The Committee shall determine and certify in writing the extent to
which the Threshold Corporation Performance Goal for the Performance Period was
satisfied following the end of the relevant Performance Period and if satisfied,
determine through the exercise of negative discretion the amount of the
Incentive Award payable to each Participant.

(2)
Calculation.

(a)
Rounding Performance Calculations. The calculation of actual performance for
each performance measure in the Incentive Award Formula shall be rounded to the
nearest decimal place consistent with the number of decimal places approved by
the Committee at the time it set the relevant target, rounding up in the case of
5 or more and rounding down in the case of 4 or less.

(b)
Interpolation. Interpolation will be used to determine an Incentive Award for
performance that correlates to performance between the pre-determined Segment
EBITDA, Total EBITDA and Cash Flow Performance Goals. The interpolated payout
percentages for Segment EBITDA, Total EBITDA

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and Cash Flow shall be rounded independently to the nearest whole percentage
point, rounding up in the case of 5 or more and rounding down in the case of 4
or less.

(c)
Maximum award. No one Participant may receive more than $20 million in Incentive
Awards for any one calendar year, as provided in the Plan.

B.
Form of Payout.

(1)
Cash and/or Common Stock. The Committee may determine to pay the awards in the
form of cash or common stock, or any combination thereof, which determination
may be made on a non-uniform basis among Participants.

(2)
Common Stock Awards. The determination to pay awards in the form of common stock
shall be a determination to satisfy the award through shares available under the
2005 Stock Incentive Plan (or any successor plan thereto), subject to the terms
and conditions of such plan, and provided that the performance period under this
Program shall also count toward any minimum performance period required for an
unrestricted grant of shares under such plan.

(3)
Award Unit Determination Procedure. If the Committee determines to pay all or a
portion of an award in the form of common stock, the value of such award, or
portion thereof, under this Program shall be converted into a number of shares
of common stock by dividing (i) the value of such award, or portion thereof, by
(ii) the Common Stock Unit Value, which is to be determined as follows:

(a)
Common Stock Unit Value. The Common Stock Unit Value shall be equal to the Fair
Market Value (as defined in the 2005 Stock Incentive Plan, or any successor plan
thereto) of a share of common stock on the date of award (Date of Award). The
Date of Award shall be established prospectively by the Committee at the time it
determines the award, with the goal of setting the date close in proximity to
the related payroll processing date for awards under the Plan. Unless otherwise
established by the Committee, the Date of Award shall be the day prior to the
date the Corporation files its report on Form 10-K with the Securities and
Exchange Commission for the period ending on the last date of the relevant
Performance Period.

(4)
Netting of Common Stock Shares. To the extent permitted under the 2005 Stock
Incentive Plan and unless otherwise determined by the Committee or an election
with respect to a different medium of payment is offered to and elected by a
Participant in accordance with procedures approved by the Company, the shares of
common stock delivered in connection with any common stock award under this
Program shall be net of any tax withholding obligation.

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8.
Timing of Payments. Unless otherwise determined by the Committee in its
discretion, payment of Annual Incentive Compensation, if any, under this Program
with respect to any Performance Period will be paid following the Committee’s
determination of such Incentive Award and following the date the Corporation
files its report on Form 10-K with the Securities and Exchange Commission for
the period ending on the last date of relevant Performance Period; provided,
however, the payment of any such award shall be paid on or before March 15 of
the year following the end of the relevant calendar year Performance Period and
as provided in Section 6 of the Plan.

9.
Termination of Employment. The following provisions apply in the case of a
Participant’s termination of employment during the Performance Period:

A.
Retirement, Death, or Disability. Following a Participant’s Retirement, Death or
Disability, a prorated value of such Participant’s Award may be awarded by the
Committee based upon the base salary earned during the Performance Period;
provided that (i) such Award is calculated and delivered following the relevant
Performance Period in accordance with the terms of the Plan, (ii) the relevant
Threshold Corporation Performance Goal and other performance goals are achieved,
(iii) the Participant is employed for a minimum period of time determined by the
Committee and (iv) the Committee retains its negative discretion with respect to
such awards.

(1)
Retirement. Retirement shall mean, for all purposes under the Program, the
applicable Participant’s termination of employment that constitutes a separation
from service under Section 409A of the Code after having satisfied the age,
service and/or other requirements necessary to commence an immediate pension
under either: (i) the applicable defined benefit pension plan for the
Participant’s home country, regardless of whether the Participant is a
participant in such pension plan, or (ii) in the case of a home country for
which there is no applicable defined benefit plan, the applicable local law or
regulation; provided, however, such term does not include, unless the Committee
consents with knowledge of the specific facts, retirement under circumstances in
which the Participant accepts employment with a company that owns, or is owned
by, a business that competes with the Corporation, or its Subsidiaries or
affiliates. Further, to the extent necessary under applicable local law,
Retirement may have such other meaning adopted by the Committee and set forth in
the applicable Award notice.

(2) Disability. Disability shall be as defined in the Plan.

B.
Resignation, Early Retirement and Other Termination. Following a Participant’s
Resignation, Early Retirement or other termination, all pending Incentive Awards
are forfeited.

(1)
Early Retirement. Early Retirement shall mean a retirement other than a
Retirement.

10.
Forfeiture and Repayment. The Committee may determine that an Incentive Award
shall be forfeited and/or any value received from the Incentive Award shall be
repaid to the Corporation pursuant to any recoupment policies, rules or
regulations in effect at the time of the Incentive Award.

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