Exhibit 10(jjj)

OMNIBUS AMENDMENT

TO

OUTSTANDING GRANTS UNDER

CLEVELAND-CLIFFS INC 2007 INCENTIVE EQUITY PLAN

THIS OMNIBUS AMENDMENT is made this 13th day of January, 2009, by Cliffs Natural
Resources Inc. (the “Company”).

WITNESSETH:

WHEREAS, from time to time the Company has granted restricted shares,
performance shares, retention units and restricted share units to certain
participants under the Cleveland-Cliffs Inc 2007 Incentive Equity Plan (the
“Plan”) as such grants are set forth in certain Restricted Shares Agreements and
Participant Grant and Agreements (the “Agreements”); and

WHEREAS, it is the desire of the Company to amend such Agreements in order to
require that Plan participants’ tax withholding requirements relating to any
grants under the Plan be automatically satisfied out of the grants; and

WHEREAS, the Company has the power to amend such Agreements with the written
consent of the grantee; and

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NOW, THEREFORE, effective as of January 13, 2009 with respect to all currently
outstanding grants under the Plan, the Company hereby amends all currently
outstanding Agreements issued under the Plan as follows:

(1) The Agreements are hereby amended such that any “Withholding Taxes”
provisions or similar provisions shall be deleted and the following new
provision will be substituted in lieu thereof to read as follows:

“The Company shall withhold the minimum amount of taxes which it determines it
is required by law or required by the terms of the Cleveland-Cliffs Inc 2007
Incentive Equity Plan (for purposes of this paragraph, the “Plan”) to withhold
in connection with any recognition of income incident to this Plan payable in
cash or Shares to a Grantee or beneficiary. In the event of a taxable event
occurring with regard to Shares on or after the date that the Shares become
nonforfeitable, the Company shall reduce the Shares owed to the Grantee or
beneficiary by the fewest number of such Shares owed to the Grantee or
beneficiary such that the Fair Market Value of such Shares shall equal (or
exceed by not more than the Fair Market Value of a single Share) the Grantee’s
or other person’s “Minimum Withholding Tax Liability” resulting from such
recognition of income. The Company shall pay cash equal to such Fair Market
Value to the appropriate taxing authority for purposes of satisfying such
withholding responsibility. If a distribution or other event does not result in
any withholding tax liability as a result of the Grantee’s election to be taxed
at an earlier date or for any other reason, the Company shall not reduce the
Common Shares owed to the Grantee or beneficiary. For purposes of this
paragraph, a person’s “Minimum Withholding Tax Liability” is the product of:
(a) the aggregate minimum applicable federal and applicable state and local
income withholding tax rates on the date of a recognition of income incident to
the Plan; and (b) the Fair Market Value of the Common Shares recognized as
income to the Grantee or other person determined as of the date of recognition
of income, or other taxable amount under applicable statutes. If not otherwise
defined in this paragraph or this Agreement, capitalized terms shall have the
meanings ascribed to them in the Plan.”

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IN WITNESS WHEREOF, a duly authorized officer of the Company has caused this
Omnibus Amendment to be executed this 13th day of January, 2009.

 

CLIFFS NATURAL RESOURCES INC. By:    

GRANTEE ACKNOWLEDGMENT AND CONSENT:

In accordance with the foregoing, I acknowledge that I have read and understand
the Omnibus Amendment and consent to the terms of this Omnibus Amendment
applying to all of my outstanding grants under the Plan.

 

   Grantee    Date