Exhibit 10.5
THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
Restricted Stock Grant Agreement
(Long-Term Incentive Compensation Program under the 2005 Stock Incentive Plan)
United States Steel Corporation, a Delaware Corporation, herein called the
Corporation, grants to the undersigned employee of the employing company
identified below (the “Grantee”) the number of shares of the class of common
stock of the Corporation set forth below:

              Name of Grantee:   PARTICIPANT NAME  
 
  Name of Employing Company on Date Hereof:   (the company recognized by the
Corporation as employing the Grantee on the date hereof)
 
       
 
  Number of Shares of    
 
  Restricted Stock Granted:   # SHARES
 
       
 
  Date of This Grant:   GRANT DATE

By my acceptance, I agree that the above-listed shares are granted under and
governed by the terms and conditions of the Corporation’s 2005 Stock Incentive
Plan (the “Plan”), the Corporation’s Administrative Regulations for the
Long-Term Incentive Compensation Program (the “Administrative Regulations”), and
the Grant Terms and Conditions contained herein (the “Agreement”) including the
special provisions for my country of residence, if any, attached hereto as
Exhibit A, as well as such amendments to the Plan and/or the Administrative
Regulations as the Compensation & Organization Committee, or its successor
committee (the “Committee”), may adopt from time to time.

                      United States Steel Corporation       Accepted as of the
above date: ACCEPTANCE DATE    
 
                   
By
          By   PARTICIPANTES    
 
                   
 
  Authorized Officer           Signature of Grantee    

Terms and Conditions
     1. Grant: The Corporation shall issue in the Grantee’s name, for no cash
consideration, a stock certificate for the number of shares (the “Shares”) of
common stock of the Corporation set forth in this Restricted Stock Grant. The
certificate shall be held in custody by the Corporation and Grantee agrees that
a restrictive legend may be placed on the Shares. If and when the restrictions
applicable to all or any portion of the Shares are terminated (the Shares are
“vested”), a certificate, free of all restrictions, shall be issued in the
Grantee’s name (or, in the event of the Grantee’s death prior to such
termination or such issuance, to the Grantee’s estate) for the number of vested
Shares. The Grantee shall not be entitled to delivery of a certificate for any
portion of the Shares until such portion of Shares have vested. During the
period prior to vesting or forfeiture of all or any portion of the Shares, the
Grantee shall be entitled to vote the Shares and shall receive dividends paid on
the Shares.
     2. Stock Power Requirement: The Grantee shall endorse in blank and return
to the Corporation a stock power for the Restricted Stock certificate.
     3. Period of Restriction: The restriction period with regard to the Shares
shall commence on the date the Shares are granted. The Grantee shall not sell,
transfer, assign, pledge or otherwise encumber or dispose of any portion of the
Shares, and any attempt to sell, transfer, assign, pledge or encumber any
portion of the Shares prior to termination of restrictions shall have no effect.
     4. Change of Control: Notwithstanding anything to the contrary stated
herein, and in lieu of application of Section 9 of the Plan, in the case of a
Change of Control (as defined in Section 4(F)(1) of the Administrative
Regulations) of the Corporation, all restrictions shall automatically terminate.
     5. Termination of Employment: Unless otherwise determined by the Committee,
unvested Shares are forfeited if termination of employment is due to Termination
without Consent or Termination for Cause. Any and all forfeitures of Shares
shall be evidenced by written notice to the Grantee. Upon the forfeiture of any
Shares, such forfeited Shares shall be transferred to the Corporation without
further action by the Grantee. Notwithstanding the foregoing, if the Grantee is
a party to an individual Change in Control Agreement (a “CIC Agreement”) with
the Corporation providing for benefits upon a termination for other than “Cause”
or “Disability” or a termination for “Good Reason”, then the unvested Shares
shall not be forfeited if (i) the Grantee’s employment is terminated during a
Potential Change in Control Period either by the employing company identified
above or the Corporation, its subsidiaries or affiliates (each an “Employing
Company”) for other than “Cause” or “Disability” or by the Grantee for “Good
Reason”, as such terms are defined in the CIC Agreement and (ii) a 409A Change
in Control, as defined in the CIC Agreement, occurs within twenty-four months
following the commencement of the Potential Change in Control Period. In such
event, all restrictions shall automatically terminate upon the occurrence of the
409A Change in Control.
     6. Vesting: The Grantee must continue as an active employee of an Employing
Company for the three-year period following the date of the Grant (the “Vesting
Period”), subject to the Employing Company’s right to terminate the Grantee’s
employment at any time, performing such duties consistent with his capabilities.
Notwithstanding any provisions in the Regulations to the contrary, the Shares
shall vest on the three-year anniversary of the Date of Grant, provided that the
Grantee is employed by an Employing Company on such anniversary. Unless
otherwise determined by the Committee, if termination of employment during the
Vesting Period occurs by reason of Retirement, death, Disability or Termination
with Consent all unvested Shares will vest on the date of such termination.
     Except as provided in Section 5 of this Agreement, notwithstanding any
other terms or conditions of the Plan, the Administrative Regulations or this
Agreement to the contrary, in the event of the Grantee’s termination of
employment, the Grantee’s right to vest in the Shares, if any, will terminate
effective as of the date that the Grantee is no longer actively employed by an
Employing Company and will not be extended by any notice period mandated under
local law (e.g., active employment would not include a period of “garden leave”
or similar period pursuant to local law); furthermore, in the event of
termination of the Grantee’s employment (whether or not in breach of local labor
laws), the Grantee’s right to receive a certificate for the Shares, free of all
restrictions, after such termination, if any, will be measured by the date of
termination of the Grantee’s active employment and will not be extended by any
notice period mandated under local law; the Committee shall have the exclusive
discretion to determine when the Grantee is no longer actively employed for
purposes of the Restricted Stock Grant.
     7. Adjustment: The number of Shares awarded is subject to adjustment as
provided in Section 8 of the Plan. The Grantee shall be notified of such
adjustment and such adjustment shall be binding upon the Corporation and the
Grantee.
     8. Interpretation and Amendments: This Grant and the issuance, vesting and
delivery of Shares are subject to, and shall be administered in accordance with,
the provisions of the Plan and the Administrative Regulations, as the same may
be amended by the Committee from time to time, provided that no amendment may,
without the consent of the Grantee, affect the rights of the Grantee under this
Grant in a materially adverse manner. For purposes of the foregoing sentence, an
amendment that affects the tax treatment of the Restricted Stock Grant shall not
be considered as affecting the Grantee’s rights in a materially adverse manner.
All capitalized terms not otherwise defined herein shall have the meaning
assigned to such terms in the Plan or the Administrative Regulations. In the
event of a conflict between the Plan and the Administrative Regulations, unless
this Grant specifies otherwise, the Plan shall control.
     9. Compliance with Laws: The obligations of the Corporation and the rights
of the Grantee are subject to all applicable laws, rules and regulations
including, without limitation, the U.S. Securities Exchange Act of 1934, as
amended; the U.S. Securities Act of 1933, as amended; the U.S. Internal Revenue
Code of 1986, as amended; and any other applicable laws. The Corporation shall
have no obligation to deliver a certificate for the Shares, free of all
restrictions, unless and until the Grantee has satisfied any applicable tax
withholding obligations pursuant to Section 11 below and such issuance otherwise
complies with all applicable U.S. and foreign laws.
     10. Acceptance of Grant: The Grant shall not be effective unless it is
accepted by the Grantee and notice of such acceptance is received by the Stock
Plan Officer.
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     11. Withholding Taxes: Regardless of any action the Corporation or the
Employing Company takes with respect to any or all income tax, social security,
payroll tax, payment on account or other tax-related withholding (“Tax-Related
Items”), the Grantee acknowledges that the ultimate liability for all
Tax-Related Items is and remains his or her responsibility. Furthermore, the
Grantee acknowledges that the Corporation and/or the Employing Company (a) make
no representations or undertakings regarding the treatment of any Tax-Related
Items in connection with any aspect of the Restricted Stock Grant, including the
grant or vesting of the Restricted Stock, the receipt of dividends or the
subsequent sale of Shares; and (b) do not commit to structure the terms of the
Restricted Stock Grant or any aspect of the Grantee’s participation in the Plan
to reduce or eliminate his or her liability for Tax-Related Items.
     Prior to the relevant taxable event, the Grantee shall pay or make adequate
arrangements satisfactory to the Corporation and/or the Employing Company to
satisfy all withholding obligations of the Corporation and/or the Employing
Company. In this regard, the Grantee shall pay any Tax-Related Items directly to
the Corporation or the Employing Company in cash upon request and, if permitted
by the Corporation, the Grantee may pay the Tax-Related Items by delivering to
the Corporation shares of its common stock having a Fair Market Value (as
defined in the Plan) equal to the amount of the obligation for Tax-Related Items
to be so satisfied. In addition, the Grantee authorizes the Corporation and/or
the Employing Company, at their discretion, to satisfy the obligations with
regard to all applicable Tax-Related Items by one or a combination of the
following methods: (1) withholding from Grantee’s wages or other cash
compensation paid to Grantee by the Corporation and/or the Employing Company;
(2) selling or arranging for the sale of a sufficient number of unrestricted
Shares to be delivered to the Grantee upon vesting under Section 6 above, on the
Grantee’s behalf and at the Grantee’s direction pursuant to this authorization,
through such means as the Corporation may determine in its sole discretion
(whether through a broker or otherwise) with a Fair Market Value equal to the
amount required to be withheld; or (3) withholding Shares from the Restricted
Stock held in custody by the Corporation with a Fair Market Value equal to the
amount of the aggregate minimum statutory or other applicable minimum obligation
for Tax-Related Items. Finally, the Grantee shall pay to the Corporation or the
Employing Company any amount of Tax-Related Items that the Corporation or the
Employing Company may be required to withhold as a result of Grantee’s
participation in the Plan or Grantee’s acquisition of Shares that cannot be
satisfied by the means previously described. The Grantee understands that no
Shares shall be delivered to Grantee, notwithstanding the lapse of the
restrictions thereon, unless and until the Grantee shall have satisfied any
obligation for Tax-Related Items with respect thereto as provided herein.
     12. Nature of the Grant: Nothing herein shall be construed as giving the
Grantee any right to be retained in the employ of an Employing Company or affect
any right which the Employing Company may have to terminate the employment of
such Grantee. Further, by accepting this Restricted Stock Grant, the Grantee
acknowledges that:
     a. the grant of the Restricted Stock is voluntary and occasional and does
not create any contractual or other right to receive future Restricted Stock
Grants, or benefits in lieu of Restricted Stock Grants, even if Restricted Stock
Grants have been made repeatedly in the past;
     b. all decisions with respect to future Restricted Stock Grants, if any,
will be at the sole discretion of the Committee;
     c. the Grantee is voluntarily participating in the Plan;
     d. the Restricted Stock Grant is an extraordinary item which does not
constitute compensation of any kind for services of any kind rendered to the
Corporation or to the Employing Company, and which is outside the scope of the
Grantee’s employment contract, if any;
     e. the Restricted Stock Grant is not part of normal or expected
compensation or salary for any purpose, including, but not limited to,
calculating any severance, resignation, termination, redundancy, end-of-service
payments, bonuses, long-service awards, pension or retirement benefits or
similar payments;
     f. in the event that the Employing Company is not the Corporation, the
Restricted Stock Grant will not be interpreted to form an employment contract or
relationship with the Corporation; and furthermore, the Restricted Stock Grant
will not be interpreted to form an employment contract with the Employing
Company;
     g. the future value of the Shares is unknown and cannot be predicted with
certainty;
     h. in consideration of the grant of the Restricted Stock, no claim or
entitlement to compensation or damages arises from termination of the Restricted
Stock Grant or diminution in value of the Restricted Stock or forfeiture of the
Restricted Stock resulting from termination of the Grantee’s employment by the
Corporation or the Employing Company (for any reason whether or not in breach of
applicable labor laws) and the Grantee irrevocably releases the Corporation and
the Employing Company from any such claim that may arise; if, notwithstanding
the foregoing, any such claim is found by a court of competent jurisdiction to
have arisen then, by accepting this Restricted Stock Grant, the Grantee shall be
deemed irrevocably to have waived his or her entitlement to pursue such a claim;
     i. it is the Grantee’s sole responsibility to investigate and comply with
any applicable exchange control laws in connection with the issuance and
delivery of Shares pursuant to the Restricted Stock Grant;
     j. the Corporation and the Employing Company are not providing any tax,
legal or financial advice, nor are the Corporation or the Employing Company
making any recommendations regarding the Grantee’s participation in the Plan or
the Grantee’s acquisition or sale of the Shares underlying the Restricted Stock
Grant; and
     k. the Grantee is hereby advised to consult with his or her own personal
tax, legal and financial advisors regarding his or her participation in the Plan
before taking any action related to the Plan.
     13. Data Privacy: The Grantee hereby explicitly and unambiguously consents
to the collection, use and transfer, in electronic or other form, of his or her
personal data as described in this document by and among, as applicable, any
Employing Company and the Corporation for the exclusive purpose of implementing,
administering and managing the Grantee’s participation in the Plan.
     The Grantee understands that the Employing Company and the Corporation hold
certain personal information about the Grantee, including, but not limited to,
Grantee’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title,
any Shares or directorships held in the Corporation, details of all Restricted
Stock Grants or any other entitlement to Shares awarded, canceled, vested,
unvested or outstanding in Grantee’s favor, as the Employing Company and/or the
Corporation deems necessary for the purpose of implementing, administering and
managing the Plan (“Data”). The Grantee acknowledges and understands that Data
may be transferred to any broker as designated by the Corporation and any third
parties assisting in the implementation, administration and management of the
Plan, that these recipients may be located in the Grantee’s country or elsewhere
(and outside the European Economic Area), and that the recipient’s country may
have different data privacy laws and protections than the Grantee’s country. The
Grantee understands that he or she may request a list with the names and
addresses of any potential recipients of the Data by contacting the Grantee’s
local human resources representative. The Grantee authorizes the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes of implementing, administering and managing the Grantee’s
participation in the Plan, including any requisite transfer of such Data as may
be required to a broker or other third party with whom the Grantee may elect to
deposit any unrestricted Shares he or she receives upon vesting of the
Restricted Stock Grant. The Grantee understands that Data will be held only as
long as is necessary to implement, administer and manage the Grantee’s
participation in the Plan. The Grantee understands that he or she may, at any
time, view Data, request additional information about the storage and processing
of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, in any case without cost, by contacting in writing his or her
local human resources representative. The Grantee understands, however, that
refusing or withdrawing his or her consent may affect his or her ability to
realize benefits from the Restricted Stock Grant or otherwise participate in the
Plan. For more information on the consequences of his or her refusal to consent
or withdrawal of consent, the Grantee understands that he or she may contact his
or her local human resources representative.
     14. Electronic Delivery: The Corporation may, in its sole discretion,
decide to deliver any documents related to Restricted Stock awarded under the
Plan, or Shares issued under the Plan, or participation in the Plan or future
Restricted Stock Grants that may be awarded under the Plan by electronic means
or request the Grantee’s consent to participate in the Plan by electronic means.
The Grantee hereby consents to receive such documents by electronic delivery and
agrees to participate in the Plan through any on-line or electronic system
established and maintained by the Corporation or another third party designated
by the Corporation.
     15. Severability: In the event that any provision in this Agreement is held
invalid or unenforceable, such provision will be severable from, and such
invalidity or unenforceability will not be construed to have any effect on, the
remaining provisions of this Agreement.
     16. Language: If the Grantee has received this Agreement or any other
document related to the Plan translated into a language other than English and
if the translated version is different than the English version, the English
version will control.
     17. Governing Law: This Agreement shall be construed and enforced in
accordance with the laws of the Commonwealth of Pennsylvania, without regard to
the conflicts of laws thereof.
     18. Headings: Headings of paragraphs and sections used in this Agreement
are for convenience only and are not part of this Agreement, and must not be
used in construing it.
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EXHIBIT A
Additional Terms and Conditions of the
United States Steel Corporation 2005 Stock Incentive Plan
Restricted Stock Grant Agreement
TERMS AND CONDITIONS
This Exhibit A includes additional terms and conditions that govern the
Restricted Stock granted to the Grantee under the Plan if he or she resides in
one of the countries listed below. Certain capitalized terms used but not
defined in this Exhibit A have the meanings set forth in the Plan, the
Administrative Regulations and/or the Agreement.
NOTIFICATIONS
This Exhibit A also includes information regarding exchange controls and certain
other issues of which the Grantee should be aware with respect to participation
in the Plan. The information is based on the laws in effect in the applicable
countries as of April 2008. Such laws are often complex and change frequently.
As a result, the Corporation strongly recommends that the Grantee not rely on
the information in this Exhibit A as the only source of information relating to
the consequences of his or her participation in the Plan because the information
may be out of date at the time that the Grantee vests in the Restricted Stock or
sells Shares acquired under the Plan.
In addition, the information contained herein is general in nature and may not
apply to the Grantee’s particular situation, and the Corporation is not in a
position to assure the Grantee of a particular result. Accordingly, the Grantee
is advised to seek appropriate professional advice as to how the relevant laws
in his or her country may apply to the Grantee’s situation.
Finally, if the Grantee is a citizen or resident of a country other than the one
in which he or she is currently working, the information contained herein may
not be applicable.
CANADA
TERMS AND CONDITIONS
Securities Law Commitment on Sale of Shares. As a condition of the grant of
Restricted Stock and the issuance of Shares, the Grantee undertakes to only
sell, trade or otherwise dispose of any Shares issued to the Grantee under the
Plan in accordance with applicable Canadian securities laws. Under current laws,
this means that the Grantee will need to sell any Shares issued under the Plan
using the services of a broker or dealer that is registered under Canadian
provincial or territorial securities legislation. The Grantee will not be
permitted to sell, trade or otherwise dispose of his or her Shares through the
Company’s designated U.S. plan broker, Fidelity Investments, unless such sale,
trade or disposal can be executed in accordance with applicable securities laws.
As legal requirements may be subject to change, Grantees are encouraged to seek
specific advice about their individual situation before taking any action with
respect to securities issued to them under the Plan.
By accepting this Restricted Stock Grant, the Grantee expressly agrees that he
or she will consult with a personal legal advisor to address any questions that
may arise regarding compliance with this requirement. The Grantee understands
and agrees that he or she will be liable for any failure to comply with the
foregoing provision.
SERBIA
NOTIFICATIONS
Exchange Control Information. Pursuant to the Law on Foreign Exchange
Transactions (effective July 27, 2006), Serbian residents may freely acquire
Shares under the Plan, however, the National Bank of Serbia requires reporting
of the acquisition of such Shares, the value of the Shares at grant and, on a
quarterly basis, any changes in the value of the underlying Shares. The Grantee
is advised to consult with a personal legal advisor to determine his or her
reporting obligations upon the acquisition of Shares under the Plan. The
Corporation reserves the right to require the Grantee to report details of the
sale of his or her Shares to the Corporation or to follow such other procedures
as may be established by the Corporation to comply with applicable exchange
control regulations.
SLOVAK REPUBLIC
NOTIFICATIONS
Exchange Control Information. The Grantee is required to notify the National
Bank of Slovakia with respect to the establishment of accounts abroad within
15 days after the end of the calendar year (effective from January 1, 2007). The
notification forms may be found at the Slovak National Bank website as follows:
www.nbs.sk. The Grantee should consult with a personal legal advisor to
determine which forms the Grantee will be required to submit and when they will
be due.
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