Document:

EX-10.17

 

Exhibit 10.17

	 	 	 
	RMI Titanium Company

	 	Modification A095 to
	 

	 	Contract DE-AC24-93CH10555
	 

	 	Page 2 of 13

I. The purpose of this modification is to settle (1) any and all termination settlement
proposals and addendums thereto, issues and/or claims arising under or pertaining to the
termination of Contract DE-AC24-93CH-10555 (hereinafter “the termination”) between the U.S.
Department of Energy and its predecessor agencies, including but not limited to the Energy Research
and Development Administration and the Atomic Energy Commission, (hereinafter collectively referred
to as “DOE”), and RMI Titanium Company (hereinafter collectively referred to as “the parties”); (2)
any and all past, present, and future liabilities and rights of the parties arising from and/or
under (a) Contract DE-AC24-93 CH10555, (b)any and all predecessor contracts and/or agreements
between the U.S. Department of Energy and RMI Titanium Company; RMI Company; Reactive Metals
Incorporated; RMI Titanium Company Extrusion Plant; RMI Environmental Services, A Division of RMI
Titanium Company; and Earthline Technologies (hereinafter collectively referred to as “RMI”) and
(c) any and all Subcontracts between Westinghouse Environmental Management Company (“WEMCO”) and
RMI which were assigned to the U.S. Department of Energy. Hereinafter (2) (a), (b), and (c) are
referred to collectively as “the Contract”

II. This modification is a settlement agreement (hereinafter the “Settlement Agreement”) and is
intended solely for the benefit of the parties. It is not intended for the benefit of third
parties and is not enforceable by third parties Neither party will indemnify the other for any
future liability resulting from third party claims or lawsuits

III. This Settlement Agreement represents the agreement of the parties in its entirety and is not
severable

IV. The roles and responsibilities and the settlement of and release of liability are set forth
below in the following two parts:

     PART I, ROLES AND RESPONSIBILITIES of the parties for the decontamination and decommissioning of
the facility known as the former RMI Titanium Company Extrusion Plant, 1601 East 21st Street,
Ashtabula, Ohio (hereinafter referred to as “the facility”) The facility is as geographically
defined in Attachment B

     PART II, TERMS OF THE SETTLEMENT OF LIABILITY AND RELEASE OF LIABILITY includes all of the
parties’ rights, claims, responsibilities, and liabilities arising from and/or under the Contract
including the termination thereof and all contracts/agreements
between RMI and the U.S. Department
of Energy (“DOE”) and its predecessor agencies.

V.
PART I, ROLES AND RESPONSIBILITIES

This Part defines and sets forth the obligations of the parties regarding the decontamination
and decommissioning activities at the facility pursuant to RMI’s Ohio

 

 

	 	 	 
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Department of Health (“ODH”) Radioactive Materials License 1190040004 (“ODH license”) requirements
to achieve the end state described in Attachment A, Ashtabula Closure Project (ACP) End State,
attached hereto and made a part hereof.

	 	1.	 	DOE shall be responsible for achieving the ACP end state as set forth in this Settlement
Agreement. The end state will be achieved on or before December 31, 2006, to the maximum extent
possible and to the extent appropriations are available but not to exceed $27 million DOE agrees to
use its best efforts to achieve the above by the stated date. If the ACP end state is not achieved
by December 31, 2006, and the failure to do so is not the result
of acts or omissions by RMI, the
parties agree to enter into good faith negotiations for establishing a new date for completion,
subject to availability and extent of appropriations. The parties shall commence negotiations
regarding: a new ACP end state as soon as it is apparent that the December 31, 2006, end date will
not be achieved, but in no event shall the negotiations commence later than June 1, 2006 If such
new end date is not agreed to by December 31, 2006, RMI and DOE
retain the right to pursue any
remedies each may have against the other, including those set forth
in this agreement DOE shall not
be responsible for achieving the ACP end state by the above date(s) if RMI is solely responsible
for any delays preventing the ACP end state from being achieved In the event additional funding is
needed to achieve the ACP end state and DOE is unable or unwilling to obtain such additional
appropriations, RMI and DOE retain all of their rights and remedies under the Contract that existed
prior to the Settlement Agreement.
	 
	 	2.	 	The DOE Contractor(s) under contract to decommission and decontaminate the facility will be
deemed to be in control of the work when it has obtained appropriate licenses, and is staffed on
site to execute the contract between the DOE and the DOE
Contractor(s). The Department determines
the date by which the DOE Contractor is deemed to be in control. On
the date the DOE Contractor(s).
assumes control of the work, DOE will be responsible for performing activities at the facility
necessary to achieve the ACP end state described in Attachment
A, Ashtabula Closure Project End
State, as set forth in further detail in this Settlement Agreement.
	 
	 	3.	 	RMI shall permit and provide for the DOE and/or the DOE Contractor(s) to have unfettered
access to the facility. Such access shall be in accordance with access restrictions in RMI’s ODH
license and any applicable laws, regulations and rules.
	 
	 	4.	 	RMI shall transfer all government property in its possession
to the DOE. Contractor(s) within
10 days after the date the DOE Contractor(s) assumes control of the work DOE will notify RMI of the
effective date of assumption of control within one day of the date of such assumption as set forth
in paragraph V.2 above. The DOE Contractor(s) will assume responsibility for all Government Property
currently in RMI’s possession, in accordance with all applicable government regulations and
statutes, including FAR 52.245-5, Government Property (Cost Reimbursement, Time-

 

 

	 	 	 
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	 	 	 	and-Material, or Labor Hour) and DEAR 952.245-5 Government Property (Cost Reimbursement, Time and
Material or Labor Hour Contract). DOE shall be responsible for the ultimate disposition of all
project records other than those required to be retained by RMI under any applicable laws or
regulations.

	 	5.	 	Notwithstanding any other provision of this Settlement Agreement, RMI reserves the right to
submit a claim for any costs assessed against RMI by any governmental agency, arising out of DOE or
the DOE Contractor(s)’s actions or inactions at the facility, without any fault of RMI, including
but not limited to fines and/or penalties. The DOE reserves any rights that it may have to submit a
claim for any costs assessed against its Contractor(s) or DOE as a result of any action or inaction
by RMI arising out of RMI’s activities at the facility, without any fault of DOE or its
Contractor(s), including but not limited to fines and/or penalties.
	 
	 	6.	 	The parties agree that in the event a dispute or disagreement arises between the parties, or
involving RMI and the DOE Contractor(s), including but not limited to the assessment of any costs
referenced in paragraph V.5 above, the parties shall elevate the matter to senior management level
of the parties (Senior Management of RMI and the Head of the Contracting Activity, EMCBC) for
informal resolution within fifteen (15) calendar days from
discovery of the dispute. In the event
that the parties are unable to resolve the matter at the senior management level, the parties agree
to enter into nonbinding mediation to be initiated thirty (30) calendar days from the settlement
impasse. In all instances the parties agree to negotiate in good faith. The parties agree that the
foregoing informal resolution and mediation process shall be complied with before either party
initiates a formal dispute under the Disputes clause in the Federal Acquisition Regulation (“FAR”)
(FAR 52.233-1, Disputes).
	 
	 	7.	 	The DOE shall not reimburse RMI for any costs, including fines or penalties, for activities
not agreed to under, or contemplated by, this Settlement Agreement.
	 
	 	8.	 	8, Specific Delineation of Work Activities To Be Performed by DOE and its Contractor (s) and RMI
at the Facility

	 	a)	 	DOE shall comply with the applicable regulatory requirements contained in the RMI ODH license
and the ODH-approved Decommissioning Plan (“DP”) Any changes to the DP initiated by RMI and
submitted to the ODH must be coordinated in advance with the DOE
Contracting Officer. Any changes
to the DP initiated by RMI that materially increase cost or delay DOE from complying with the
December 31, 2006, date or a date agreed to in accordance with
V.1 for achieving the ACP end state are not the responsibility of the DOE and excuse DOE from complying with the December 31,2006, date
or a date agreed to in accordance with V.1, unless DOE consents to the increase in cost and change
to the December 31, 2006, ACP end state. However any such delay does not excuse the DOE from its responsibility to achieve the

 

 

	 	 	 
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	 	Modification A095 to
	 

	 	Contract DE-AC24-93CH10555
	 

	 	Page 5 of 13

	 	 	 	ACP end state. The DOE and its Contractor(s) shall be responsible for implementing the applicable
parts of the DP
	 
	 	b)	 	DOE will perform remediation of the facility in accordance
with RMI’s Resource Conservation and
Recovery Act (“RCRA”) permit and any RCRA Corrective Measures set forth therein. RMI agrees that it
will not submit to the regulators for approval any changes to any licenses or permits applicable to
the facility without the prior written consent of DOE. Any change to the scope of the RCRA
Corrective Measures initiated by RMI that materially increases the
cost of compliance or prevents
DOE from complying with the December 31,2006, date or a date
agreed to in accordance with V.1 for
achieving the ACP end state is not the responsibility of the DOE and excuses DOE from complying
with the December 31, 2006, date or a date agreed to in accordance with V.1, unless DOE consents to
the cost increase and any change to the December 31, 2006, date However any such delay does not
excuse the DOE from its responsibility to achieve the ACP end state.
	 
	 	c)	 	To the extent appropriations are available, DOE will be
responsible for monitoring, operating and maintaining any long term
groundwater extraction and/or treatment remedy
developed and approved to address the groundwater issues at the site as of the date of the signing
of this Settlement Agreement, and for preparing all required reports. In the event adequate
appropriations are not available and DOE is unable or unwilling to obtain additional
appropriations, notwithstanding any terms in this Settlement Agreement to the contrary, RMI and DOE
retain all of their rights and remedies under the Contract that existed prior to this Settlement
Agreement.
	 
	 	d)	 	In addition to compliance with the terms of RMI’s ODH license and OEPA RCRA permit, DOE and its
Contractor(s) are responsible for complying with the terms of all applicable licenses and permits
for the Ashtabula site, including but not limited to the OEPA wastewater discharge permit and OEPA
air pollution control permits. DOE and its Contractor(s) also shall be responsible for the
following: (1) Maintaining and updating all licenses and permits as required for DOE to achieve the
ACP end state; and (2) Complying with all applicable laws and
regulations.
	 
	 	e)	 	DOE agrees to reimburse, as allowable costs, applicable fees paid by RMI as required for
compliance with the ODH license and OEPA permits, including but not limited to annual permit and
license fees to be paid to the ODH, OEPA, USEPA in a total amount not to exceed $100,000 per year.
The DOE Contractor(s) shall pay directly any applicable fees to Ryber Development for the licensing,
access to, and use of rail infrastructure used in the completion of the ACP. RMI shall transfer
and/or assign existing agreements with Ryber to the DOE Contractor(s) for said activities at the
option of the DOE
Contractor(s).

 

 

	 	 	 
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	 	Contract DE-AC24-93CH10555
	 

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	 	f)	 	DOE shall perform all oversight of the DOE Contractor(s). RMI shall have no oversight of or
control over the DOE Contractor(s) work.
	 
	 	g)	 	An ACP Council shall be established to resolve compliance-related issues that arise among DOE,
RMI, and the DOE Contractor(s). The membership of the ACP Council shall be the DOE Environmental
Management Consolidated Business Center (DOE-EMCBC) Contracting Officer (or designee), the RMI
Project Manager (or designee), and the DOE Contractor Project Manager (or designee) RMI’s
compliance with ODH and OEPA requirements and the radiological/environmental protection of the
public health and safety remain the responsibility of RMI. In all such compliance matters, the
views of the ACP Council are advisory. Neither party may claim delay unless it is established that
the noncompliance or violation is solely due to the actions or inactions of the other party
(including DOE’s Contractor(s)). An ACP Council Charter shall be finalized within thirty (30) days
after the DOE Contractor(s) assume control of the work. Any
activities of RMI, the DOE, or the DOE
Contractor(s) that have the potential to impact activities of the other party shall be coordinated
in advance through the ACP Council.
	 
	 	h)	 	The DOE has sole DOE Contractor(s) oversight responsibility including stop work authority for
all contract activities, subject to any exceptions set forth in this
paragraph. RMI, as the
licensee, may perform independent oversight to verify compliance with ODH, OEPA and any other
applicable regulatory requirements. However, notwithstanding any provision to the contrary, in
order to address major compliance issues and to protect the public health, safety, and the
environment from imminent harm, RMI has the authority to unilaterally issue stop work orders and
initiate whatever reasonable measures are necessary to effectuate such protection. In the event RMI
issues such stop work orders or implements such protective measures, RMI shall notify the
Contracting Officer immediately after issuance of the above. Any such reasonable order issued by
RMI shall not be a basis for a claim of delay by DOE. Any delay determined to be unreasonable
excuses DOE from complying with the December 31,2006, date or a date agreed to in accordance with V
A 1. However any such delay does not excuse the DOE from its responsibility to achieve the ACP end
state. Additionally, if a stop work order is issued, any party issuing the stop work order shall
notify the RMI Project Manager, the DOE Contracting Officer, and the DOE Contractor Project
Manager, as appropriate, immediately. RMI will notify the ODH if
appropriate. Any issues regarding
the appropriateness of RMI’s actions shall be reviewed initially by the ACP Council in a prompt
manner. In the event the matter cannot be resolved at the ACP Council level, then the parties will
adhere to the disputes resolution process described elsewhere in this
agreement.

 

 

	 	 	 
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	 	Modification A095 to
	 

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	 	i)	 	If RMI has a concern regarding performance by the DOE
Contractor(s), RMI shall notify the
DOE-EMCBC Contracting Officer (or designee) in writing. The DOE- EMCBC Contracting Officer (or
designee) shall address the concern within two (2) business days. If RMI does not believe that the
concern has been adequately addressed, RMI shall refer the concern to the Head of the Contracting
Activity, DOE-EMCBC and the cognizant RMI Management Official, within four (4) business days of the
initial referral to the DOE-
EMCBC Contracting Officer (or designee). In the event the matter still has not been resolved, the
parties will follow the disputes process set forth elsewhere in this agreement.
	 
	 	j)	 	The DOE Contractor(s) will be properly licensed by ODH and obtain any necessary license(s)
before performing work covered by the terms of the license(s). RMI, as licensee and owner of the
facility, shall cooperate with DOE and its Contractor(s) to provide primary contact with regulators
on matters pertaining to RMI’s license and ownership, including but not limited to, oversight of
DOE’s activities at a level sufficient to satisfy the requirements of RMI’s ODH license for the
duration of Site remediation activities at no cost to DOE.
	 
	 	k)	 	DOE shall be responsible for maintaining a First Responder Emergency Operations Center (“EOC”)
capability sufficient to provide for the management of events and incidents that may occur within
the DOE. Contractor(s)’s controlled areas and to interface effectively with local emergency
responders. A First Responder Plan shall be developed by DOE within 90 days after the DOE
Contractor(s) assumes control of the work at the facility addressing, at a minimum, effective
management of events relating to fire, radiological incidents, injury and illness, and severe
weather, and which provides for abnormal event reporting. DOE shall be responsible for providing
integration of the security and emergency response plan(s) of the DOE Contractor(s) into RMI’s
overall site emergency operations plans.
	 
	 	l)	 	DOE access shall include use of the RMI-owned guardhouse and office building, with the exception
of RMI-retained files stored in the RMI office building. DOE shall provide furnished office space
for two full time RMI employees. DOE shall provide additional space for two temporary or “visitor”
RMI employees DOE shall be responsible for general Site maintenance and custodial services to
include, but not be limited to, grass mowing, trimming of hedges and frees, fence line maintenance
as required by permit/license, pest control, and snow removal. In addition, for DOE and DOE
Contractor(s)-occupied areas, DOE shall provide sanitation services (trash removal), recycling,
cleaning of restrooms and drinking fountains,

 

 

	 	 	 
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	 	 	 	standard sanitation supplies in restrooms, floor maintenance, and sanitary waste disposal
capabilities.

	 	m)	 	DOE shall be responsible for the Site support functions and
infrastructure necessary for the
DOE Contractor(s) and RMI to each perform its activities, such as utilities, computers, potable
running water and sanitary facilities, internet access, telephones, office furniture, equipment
and materials, and dosimetry services for up to three full time RMI employees and a reasonable
number of visiting RMI employees.
	 
	 	n)	 	DOE shall be responsible for site security and access control in compliance with the RMI Site
Security Plan. RMI shall provide the DOE Contractor(s) with 24 hour
site access.
	 
	 	o)	 	Effective on the date the DOE Contractor(s) assumes control of the work and responsibility for
activities under the contract, RMI shall continue to conduct all activities
deemed necessary by RMI to provide licensee and/or property owner oversight RMI’s oversight
activities shall be at no cost to DOE.
	 
	 	p)	 	RMI shall have unrestricted access to all areas for purposes of monitoring compliance with the
RMI ODH license RMI shall have reasonable access to all portions of the Site for purposes of
conducting RMI activities RMI will take no action that will impede or otherwise interfere with the
DOE or DOE Contractor(s)’s activities.

	 	9.	 	The following provisions set forth the parties’ respective responsibilities regarding
interaction and interface with the ODH.

	 	a)	 	RMI shall be responsible to the ODH for the protection of the health and safety of the public
consistent with the requirements of OAC 3701-1-38
	 
	 	b)	 	The ODH has exclusive licensing jurisdiction over the
facility. ODH shall have reasonable
access, as required by regulation, statute, RMI’s license, the DOE Contractor(s)’s license and/or
any other applicable laws, to the activities, files and records of
the DOE Contractor(s).
	 
	 	c)	 	RMI is accountable to the ODH for complying with and meeting license requirements and
regulations.
	 
	 	d)	 	RMI shall remain responsible to ODH for assuring
implementation of the ODH-approved DP. The DOE
shall be responsive to ODH issues and concerns during on-site reviews
and inspections. The RMI
Project Manager shall be the principal point of contact during these
reviews and inspections.

 

 

	 	 	 
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	 	e)	 	The DOE Contractor(s) shall remain responsible to ODH for assuring implementation of the DOE
Contractor(s)’s ODH license.
	 
	 	f)	 	The DOE and/or its contractor(s) shall respond to deficiencies identified by ODH which are the
result of actions or inactions on the part of DOE and/or its
contractor(s).
	 
	 	g)	 	DOE and the DOE Contractor(s), to the extent the provisions are applicable, and RMI shall
comply with the ODH License Requirements including provisions set forth to the ODH-approved DP and
OAC 3701-1-38 DOE shall ensure that the DOE Contractor(s) is aware that its services under the
contact relate to the ODH-licensed activities of RMI, that the DOE
Contractor(s)’s employees are
workers within the meaning of OAC 3701-1-38, and that the provisions of OAC 3701 -1-38 apply
(including the requirement for informing employees of the provisions of OAC 3701-1-38).

	 	10.	 	Independent Verification Process

	 	 	 	DOE shall be responsible for achieving and documenting a condition where the release criteria set
forth in the DP have been met and are acceptable to ODH. RMI will coordinate the final ODH
verification activities among ODH, DOE and the DOE Contractor(s) in a timely manner. In the event
RMI fails to coordinate such work in a timely manner, and DOE is unable to meet the December 31,
2006, or a date agreed to in accordance with V.1 date as a direct result of RMI’s failure to timely
coordinate such efforts, then there shall be a time extension commensurate with the delay caused by
the failure to timely coordinate such efforts. Requesting and receiving license termination from
ODH shall be the responsibility of RMI. DOE shall provide all data packages and other documentation
required to support license termination. RMI shall submit the license termination request to the ODH
within thirty (30) days of receipt of the final ODH verification report.

	 	11.	 	Additional Miscellaneous Regulatory Responsibilities

	 	 	 	Other applicable regulatory requirements (non-ODH) that are necessary for performance of the DOE
Contractor(s)’s work at the facility shall be the responsibility of the DOE and the DOE
Contractor(s) until the ACP end state is achieved RMI shall assist in the transfer of any permits,
if such is required and permissible, RMI, as permittee on its permits, is responsible for acting as
the primary point of contact for compliance with all regulatory requirements applicable to RMI,
during the performance of the DOE’s contract between DOE and the
DOE Contractor(s). DOE’s
responsibility for the regulatory requirements

 

 

	 	 	 
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	 	 	 	and all other requirements concludes upon the completion of the activities necessary to achieve the
ACP end state identified in Attachment A.

	 	12.	 	If necessary, DOE will attempt to obtain, from the adjoining landowners, consent to
access their property and perform the activities necessary to comply with the provisions of this
agreement for the areas that are not owned by RMI However, if DOE cannot obtain consent, RMI agrees
to exert its best efforts to obtain the adjoining landowners consent and/or access to the adjoining
property owned by others. If consent cannot be obtained by either party, then RMI shall take
appropriate action under its license to attempt to gain access to the property for the DOE
contractor and/or DOE. If such access cannot be obtained, DOE will be considered to have complied
with its obligations with respect to the adjoining property under the Settlement Agreement.
	 
	 	13.	 	In the event RMI is obligated to perform any activities, other than those encompassed
within or set forth in this Settlement Agreement, in order to decontaminate and decommission the
facility, DOE will request that RMI propose the scope and cost of these activities, and the
parties’ negotiations will be memorialized into a modification. Such work shall be performed on a
Cost-Reimbursable basis in accordance with applicable statutes and regulations. Any cost incurred
by RMI for such activities without the prior written consent of the EMCBC Contracting Officer shall
not be submitted to the Department and shall not be
allowable/reimbursed. The following are types of activities, which RMI may agree to provide
pursuant to the above:

	 	a)	 	Provide support to the DOE in the preparation or provision of facility drawings, plans, and
block diagrams utilizing RMI Facility data and graphical systems. Such information may include but
is not limited to:

	 	 	 	i            Building layouts
	 
	 	 	 	ii            Utility location maps
	 
	 	 	 	iii            Geohydrologic cross-sections and block diagrams
	 
	 	 	 	iv            Public outreach and public relations support

	 	b)	 	Other support not addressed specifically in this Settlement Agreement, as necessary, to enable
the DOE and the DOE Contractor(s) to perform the work at the facility.

	 	14.	 	DOE’s responsibility at the facility, except as otherwise set forth herein, is
concluded upon completion of the ACP end state, which is the date of approval of ODH specified in
Attachment A.

 

 

	 	 	 
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VI. PART II. Settlement and Release of Liability

	 	1	 	DOE and RMI enter into this Agreement as settlement of any known or unknown, past, present or
future liability for decontamination and decommissioning of RMI’s facility formerly known as the
RMI Extrusion Plant, 1601 East 21st Street, Ashtabula, Ohio (facility) and any adjacent
affected areas.
	 
	 	2	 	RMI is hereby relieved of its responsibility for performing the work previously authorized by
the Contracting Officer under the Contract, including the RMI
Decommissioning Project scope of work.
	 
	 	3	 	Execution of this Settlement Agreement constitutes a full discharge, accord and satisfaction,
release of any and all claims and any and all liability, actual or constructive, legal, equitable,
known or unknown that the DOE on RMI, as identified above, have on may have against the other
arising out of the Contract except as set forth elsewhere in this
Settlement Agreement.
	 
	 	4	 	Except as otherwise provided herein, upon execution of this Settlement Agreement, RMI’s
Termination Settlement Proposals and any addendums thereto, any and all changes
arising under the Contract, any and all claims arising under the Contract, including those not in
the termination settlement proposal, any and all claims for future costs associated with the
Contract, all pension and retirement cost issues, including CAS adjustments, and any and all
correspondence/requests submitted subsequent to the government’s termination of this Contract for
convenience by letter dated December 23, 2003, are hereby completely settled and constitute full
payment and settlement thereof. Any payments or material due to subcontractors shall be the
responsibility of RMI, except as otherwise specified herein. There are no reservations to the
settlement of the termination for convenience.
	 
	 	5	 	Except as otherwise provided herein, all costs incurred by RMI prior to the date upon which
the Settlement Agreement is signed are encompassed within this Settlement Agreement and no further
payment or requests for payment shall be made; provided, however, upon submission of a proper
invoice, DOE will reimburse for any monthly costs previously consented to by the Contracting
Officer and incurred by RMI before the date and time of the DOE Contractor(s)’s assumption of
control of the work, at an amount not to exceed $156,000 per month.
	 
	 	6	 	DOE hereby agrees to make a payment in the sum of $8,472,702.80 to RMI within 30 calendar days
of submission of a proper invoice. In recognition of the fact that this Settlement Agreement is not
severable, if the Settlement Agreement is breached, the $8,472,702.80 shall be returned to the
United States Department of Energy, upon
demand by the Contracting Officer, with interest at the specified Treasury rate, except for
any costs that RMI can demonstrate, and the Contracting Officer accepts or establishes through
determination pursuant to the termination clause of the Contract,

 

 

	 	 	 
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	 	 	 	as allowable termination or other costs under the Contract and this Settlement Agreement. In the
event of such breach, both parties retain all of their rights and remedies under the Contract and
law.

	 	7	 	In addition to any exceptions set forth elsewhere in this Settlement Agreement, DOE shall be
responsible for any costs, subject to availability of and appropriation of funds for such purposes,
for decontamination and decommissioning environmental contamination that are due to any future
Governmental (e.g, Federal, state, local, or judicial) determination that the cleanup levels are to
be changed to more stringent cleanup levels for environmental contamination after the site has been
remediated by DOE and approved by ODH. In the event that DOE is unable or unwilling to obtain
additional appropriations sufficient to achieve the ACP end state acceptable to ODH, RMI and DOE
retain all of their rights and remedies under the Contract that existed prior to the Settlement
Agreement. DOE shall not be responsible for any costs for cleanup due to activities by parties
other than DOE or the DOE Contractor(s) occurring after the site has been remediated and approved by
ODH.
	 
	 	8	 	This Settlement Agreement specifically does not settle, decide or resolve any known or
unknown, past, present, or future issues arising under the Contract regarding any matters that
involve violations of criminal statutes and/or matters involving fraud. Additionally, this
Settlement Agreement shall be voidable at the government’s sole discretion, unless void by law, if
fraud or violations of criminal statutes are determined to underlie any of the above matters being
resolved or this Settlement Agreement itself.

	     B Accounting and Appropriation Data:

Appropr.
             B&R
           Object Class
  Code
    Allotment AFP CFA
         
Amount.    

89X025191       EY0636300       OH5191       254       PBS OH-AB-00.30       $2,000,000.00

	 	 	 	 	 	 	 	 	 
	C

	 	The total amount allotted by this modification is
	 	$	2,000,000.00	 	 	 
	 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	D

	 	Funds Obligated through Modification A094
	 	$	139,932,233.30	 	 	 
	 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Funds Obligated by this Modification
	 	$	2,000,000.00	 	 	 
	 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Funds Obligated Since Inception of Contract
	 	$	150,323,845.74	*	 	 
	 

	 	 	 	 	 	 	 

*Includes internal DOE memo obligations on 9/9/04 and 9/30/05 for a total increase of
$8,391,612.44. 

 

 

	 	 	 
	RMI Titanium Company

	 	Modification A095 to
	 

	 	Contract DE-AC24-93CH10555

Page 13 of 13

VII A new subsection is added to Section B.2 of Contract DE-AC-93CH-10555 as follows:

B.2 ESTIMATED COST, FEE, OBLIGATION OF FUNDS, AND FINANCIAL LIMITATIONS

(c). Contract Settlement; Pursuant to the terms of this Settlement Agreement (contract
Modification A095), the parties have hereby agreed to settlement of and release of any and all
claims and any and all liability, actual or constructive, legal,
equitable, known or unknown which the government or contractor have
against the other arising out of the Contract (including all contracts) with the DOE, with the exceptions identified in this Settlement Agreement. As a result,
the amount of this contract is increased by the amount of the
settlement, $8,472,702.80. The
settlement and release become effective upon receipt of payment of
the amount of $8,472,702.80.

 

 

Attachment A

Ashtabula Closure Project End State

The end state of the Ashtabula Closure Project is defined as the following:

1. -All above ground facilities and structures are removed and properly disposed of, with the
exception of the following DOE owned structures, which may be decontaminated and abandoned, or
removed and properly disposed of, at the option of the DOE:

-Modular Offices (if abandoned, utility hookups will be provided)

-Modular Locker Room (Portal Room) (if abandoned, utility hookrups will be provided)

-Modular Laboratory (if abandoned, utility hookrups will be provided)

-Rail Spur, including load-out pad, scales, and road crossing-Any permanent sanitary sewerage
infrastructure installed by the DOE Contractor

2. Paved areas, if intact and in usable condition, as determined by RMI can remain at the option
of DOE.

3. The RMI-owned structures known as the Office Building and the Guardhouse, which have
previously been decontaminated, will remain on the site at the conclusion of the project.

4. Except those specifically identified in writing by RMI, all RMI below -ground facilities,
equipment, drains, pipes and utilities at the facility are removed and disposed of at an approved
disposal facility, or may remain to the extent permitted by the Decommissioning Plan, at the option
of DOE. Uncontaminated concrete and other material suitable as backfill generated during the course
of the project may be utilized as backfill at the site to the extent permitted by the DP and/or
other regulatory requirements, at the option of DOE.

5. Contaminated soil, deemed as such by ODH or OEPA, is removed and disposed of at an appropriate
disposal facility.

6. The Waste Management Unit is remediated and any contaminated soil, deemed as such by ODH or
OEPA, is be disposed of at an appropriate disposal facility.

7. A groundwater remedy is developed to address the groundwater issues existing at the time of this
agreement and resulting from RMI’s activities under the Contract, approved by the cognizant
regulator, and implemented. The obligation for any ongoing operation and/or monitoring of the
selected and approved groundwater remedy for the above groundwater issues will remain the
responsibility of DOE, subject to the availability and extent of appropriations.

8. The site landscape is restored to grade. Recontouring of the site is acceptable.

9. Completion of the end state will be documented through ODH approval. DOE agrees to provide all
relevant documentation to RMI. DOE will cooperate and assist RMI to the extent

 

 

necessary on the termination of the applicable licensees and permits. RMI will initiate
necessary actions to terminate its licenses and permits within 30 days after ODH approval.

 

 

Attachment B

Ashtabula Closure Project

Geographical Definition of the Facility

1 The facility is as defined in Attachments B 1 and B 2

 

 

Ohio Department of Health License for Radioactive Material No. 11900040004 defines the “extrusion
plant site” to include all RMI-owned land and buildings at the extrusion plant site at East
21st Street, Ashtabula, Ohio, U.S. Department of Energy-owned buildings at the extrusion
plant location; and properties adjacent to the RMI-owned land at the extrusion plant location which
are potentially contaminated by RMI extrusion plant operations.

The recorded description of the RMI-owned land follows:

Description
of 32.004 Acre Parcel Owned by RMI

Situated in Township 13 North, Range 3 West of the Connecticut Western Reserve, known as Ashtabula
Township, County of Ashtabula, State of Ohio and know as being part of the Holmes Tract in said
Township and further described as follows:

Beginning at a point at the intersection of the Centerline of East 21st Street (Dey
Street, 60 feet wide, Road Number 399) and the East Line of the Ashtabula City, being the East Line
of the Scotts Plat as recorded in Volume 3, Page 7 of the Ashtabula County Recorded Plats.

Thence North 00 degrees, 36 minutes, 30 seconds West-observed, along Ashtabula City’s East Line,
and passing thru a broken right-of-way monument at 28.95 feet, an identified iron pin (set at
516.58 feet) and a reference identified iron pin (set at 809.80 feet), a total distance of 909.80
feet to a point.

Thence
North 87 degrees, 12 minutes, 33 seconds East, along the North Line of a 7.000 acre parcel
and passing thru an identified reference iron pin (set at 35.00 feet) a total distance of 831.13
feet to an identified iron pin (set) on the East Line of Parcel Four of lands deeded to ABC
Chemicals, Inc. in Volume 30, Page 7255 Ashtabula County Recorder’s General Index.

Thence North 00 degrees, 50 minutes, 18 seconds West, along the East Line of Parcel Four of ABC
Chemical’s Land, 175.33 feet to an identified iron pin (set).

Thence North 70 degrees, 27 minutes, 33 seconds East-observed, along the South Line of Parcel Four
of ABC Chemical’s Land, and passing thru a 1 inch diameter iron pipe (found) on the West Line of
State Road, 771 20 feet-(deed and measured) to a point in the centerline of State Road (60 feet
wide, Road Number 25).

Thence South 00 degrees, 34 minutes, 33 seconds East-observed, along the
Centerline of State Road, 293.89 feet to a 1/2 inch diameter iron pipe (found) at a deflection
point in State Road known as Highway Station 63+71.72.

	 	 	 
	 

	 	Modification A095 to
	 

	 	DE-AC24-93CH10555
	 

	 	Attachment B-1
	 

	 	Page 1 of 2

 

 

Thence South 01 degrees, 12 minutes, 28 seconds East-observed, along the Centerline of State
Road, 529 71 feet-observed, to a point at the Northeast Corner of lands deeded to L.J. Annick in
Volume 55, Page 5437 Ashtabula County Recorder’s General Index.

Thence South 89 degrees, 09 minutes, 46 seconds West, along Annick’s North Line, and passing thru
an identified (“R,L Rabell”) 5/8 inch diameter iron pin (found) at 30.28 feet, a total distance of
540 71 feet-observed (540.39 feet-deed) to an identified “R.l Rabell”) 5/8 inch iron pin (found) at
the Northwest Corner of said Annick’s land.

Thence South 05 degrees, 03 minutes, 43 seconds East-observed, along the West Line of said Annick’s
Land and the West Line of lands deeded to N Santill in Volume 79, Page 2939, B.M. Colucci in Volume
38, Pages 4501, 4505 and J.E. & P. Colucci in Volume 58, Page 3296 Ashtabula County Recorder’s
General Index, and passing thru a 1/2 inch diameter iron pipe (found-bent) on the North Line of
East 21st
Street, a total distance of 538 54 feet-observed (538.83 feet-deed) to a point
in the Centerline of East
21st Street.

Thence South 89 degrees, 09 minutes, 30 seconds West-observed, along the Centerline of East
21st
Street, and passing thru a 3/4 inch diameter iron pin (found-bent) at 1083.68 feet, a
total distance of 1065,80 feet-calc., (1065.86 feet-deed) to the place beginning and containing
32.004 acres of land, but subject to all legal highways, Being all the land deeded to RMI Titanium
known as Tract 3 in Volume 51, Page 2970 and a 7.000 acre addition from lands deeded to ABC
Chemical known as Parcel Four in Volume 30, Page 7258 Ashtabula County Recorder’s General Index, as
per a survey done in February, 1997 by Eric B. Westfall, P.S. Ohio #7677, Jefferson, Ohio. All iron
pins set are #5 rebar, 30 inches in length, marked with a plastic cap ‘Westfall, #7677.” Basis for
bearings: Centerline of East 21st Street-South 89 degrees, 09 minutes, 30 seconds
West-observed.

	 	 	 
	 

	 	Modification A095 To
	 

	 	DE-AC24-93CH10555
	 

	 	Attachment B-1
	 

	 	Page 2 of 2EX-10.3

 

EXHIBIT 10.3

NOTICE OF GRANT OF RESTRICTED STOCK UNIT AWARD

WHEELING-PITTSBURGH CORPORATION

2003 MANAGEMENT STOCK INCENTIVE PLAN

Participant:[______]

Grant Date:[______]

Total Number of Restricted Stock Units: [______]

TIME-BASED AWARDS

Units:
[______]

Vesting Schedule: The Units shall be deemed vested and no longer subject to forfeiture in
accordance with the following schedule:

Units Vested

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Vesting Date	 	Annual Grant	 	Transition Grant	 	Total
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 

PERFORMANCE-BASED AWARDS

Target Units: [______]

Performance Cycle: [______]

Performance Measure: The table below indicates the number of Units that shall be
deemed vested and no longer subject to forfeiture on
[______] based on the level of performance of WPSC stock relative to the Dow Jones Steel Index for the three year performance cycle:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WPSC TSR/	 	Performance	 	Percent of	 	
	DJ Steel Index	 	Level	 	Shares Earned	 	Shares
	 
	 	Below Threshold	 	 	 	 	0	%	 	 	 	 
	 
	 	Threshold	 	 	 	 	50	%	 	 	 	 
	 
	 	Target	 	 	 	 	100	%	 	 	 	 
	 
	 	Maximum	 	 	 	 	150	%	 	 	 	 

Forfeiture: The Units are subject to forfeiture in the event of your termination of
employment with the Company in accordance with the Plan and Agreement.

By signing below, the Participant agrees that the Units are granted under and governed by the terms
and conditions of the Wheeling-Pittsburgh Corporation 2003 Management Stock Incentive Plan and the Award Agreement.

 

 

	 	 	 	 	 	 	 	 	 
	Participant	 	 	 	Wheeling-Pittsburgh Corporation
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 
	 

	 	 
	 	 	 	 	 	 

-2-

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

          The parties to this Restricted Stock Unit Award Agreement (this “Agreement”) are
Wheeling-Pittsburgh Corporation (the “Company”), and the person identified in the attached Notice
of Grant of Restricted Stock Unit Award (the “Participant”).

          The Board of Directors (the “Board”) of the Company has authorized and approved the
Wheeling-Pittsburgh Corporation 2003 Management Stock Incentive Plan, as amended and restated
effective March 10, 2006 (the “Plan”). The Plan, in part, provides for the grant of Stock Units
subject to certain restrictions and other terms set forth in the Plan and the applicable Award
Agreement. Pursuant to the Plan, the Committee has approved an award to the Participant of
restricted Stock Units on the terms and subject to the conditions set forth in the Plan and in this
Agreement.

          NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

	1.	 	RESTRICTED STOCK UNITS

     1.1 Grant of Restricted Stock Units.

          (a) As of the Grant Date set forth in the Notice of Grant, the Company grants to the
Participant the number of Restricted Stock Units set forth in the Notice of Grant (the “Units”),
which represent shares of the Company’s common stock, par value $.01 per share (“Common Stock”).
The Units are subject to the restrictions set forth in Section 1.2 of this Agreement, the terms and
conditions of the Plan and the other terms and conditions contained in this Agreement.

          (b) The Units granted under this Agreement shall be reflected in a bookkeeping account
maintained by the Company during the Restricted Period. If and when the restrictions set forth in
Section 1.2 expire in accordance with the terms of this Agreement, and upon the satisfaction of all
other applicable conditions as to the Units, such Units (and any related Dividend Units described
in Section 1.1(c) below) not forfeited pursuant to Section 1.4 hereof shall be settled in cash or
shares of Common Stock as provided in Section 1.1(e) of this Agreement and otherwise in accordance
with the Plan.

          (c) With respect to each Unit, whether or not vested, that has not been forfeited (but only to
the extent such award of Units has not been settled for cash or Common Stock), the Company shall,
with respect to any cash dividends paid on the Common Stock, accrue and credit to the Participant’s
bookkeeping account a number of Units having a Fair Market Value as of the date such dividend is
paid equal to the cash dividends that would have been paid with respect to such Unit if it were an
outstanding share of Common Stock (the “Dividend Units”). These Dividend Units thereafter shall
(i) be treated as Units for purposes of future dividend accruals

-3-

 

pursuant to this Section 1.1(c); and (ii) vest in such amounts (rounded to the nearest whole Unit)
at the same time as the Units with respect to which such Dividend Units were received. Any
dividends or distributions on Common Stock paid other than in cash shall accrue in the
Participant’s bookkeeping account and shall vest at the same time as the Units in respect of which
they are made (in each case in the same form, based on the same record date and at the same time,
as such dividend or other distribution is paid on such Common Stock).

          (d) The Company’s obligations under this Agreement (with respect to both the Units and the
Dividend Units, if any) shall be unfunded and unsecured, and no special or separate fund shall be
established and no other segregation of assets shall be made. The rights of Employee under this
Agreement shall be no greater than those of a general unsecured creditor of the Company. In
addition, the Units shall be subject to such restrictions as the Company may deem advisable under
the rules, regulations and other requirements of the Securities and Exchange Commission, any stock
exchange upon which Common Stock is then listed, and any applicable federal or state securities
law.

          (e) Except as otherwise provided in this Agreement, settlement of the Units in accordance with
the provisions of this Section 1.1(e) shall be delivered as soon as practicable after the end of
the Restricted Period, and upon the satisfaction of all other applicable conditions as to the Units
(including the payment by the Participant of all applicable withholding taxes). At such time, the
Company shall deliver to the Participant one share of Common Stock (or cash equal to the Fair
Market Value of one share of Common Stock) for each Unit. The Units so payable to the Participant
shall be paid solely in shares of Common Stock, solely in cash based on the Fair Market Value of
the Common Stock (determined as of the first business day next following the last day of the
Restricted Period), or in a combination of the two, as determined by the Committee in its sole
discretion.

     1.2 Restrictions.

          (a) The Participant shall have no rights as a stockholder of the Company by virtue of any Unit
unless and until such Unit vests and resulting shares of Common Stock are issued to the
Participant:

          (b) None of the Units may be sold, transferred, assigned, pledged or otherwise encumbered or
disposed of during the Restricted Period, except as may be permitted by the Plan or as otherwise
permitted by the Committee in its sole discretion or pursuant to rules adopted by the Committee in
accordance with the Plan.

          (c) Any attempt to dispose of the Units or any interest in the Units in a manner contrary to
the restrictions set forth in this Agreement shall be void and of no effect.

     1.3 Restricted Period and Vesting. The “Restricted Period” is the period beginning on
the Grant Date and ending in accordance with the Vesting Schedule or the Performance Cycle, as
applicable, set forth in the attached Notice. Subject to the provisions contained in Section 1.4,
1.5 and 1.6, the Units shall be deemed vested and no longer subject to forfeiture under Paragraph

-4-

 

1.4 upon expiration of the Restricted Period, and the satisfaction of all other applicable
conditions, as to the Units (including the payment by the Participant of all applicable withholding
taxes). For purposes of clarification, a Change of Control during the Restricted Period shall not
accelerate or otherwise affect the vesting of the Units, except to the extent the Committee
otherwise exercises its discretion as provided under Section 1.6 of this Agreement with regard to
any such Change of Control.

     1.4 Forfeiture.

          Subject to Section 1.6 hereof, if during the Restricted Period (i) the Participant’s
employment with the Company, its Affiliates and/or its subsidiaries is terminated for any reason,
including termination by reason of resignation, (ii) there occurs a material breach of this
Agreement by the Participant or (iii) the Participant fails to meet the tax withholding obligations
described in Section 1.5(b) hereof, all rights of the Participant to the Units that have not vested
in accordance with Section 1.3 as of the date of such termination shall terminate immediately and
be forfeited in their entirety.

     1.5 Withholding.

          (a) The Committee shall determine the amount of any withholding or other tax required by law
to be withheld or paid by the Company with respect to any income recognized by the Participant with
respect to the Units.

          (b) The Participant shall be required to meet any applicable tax withholding obligation in
accordance with the provisions of the Plan.

          (c) The Committee shall be authorized, in its sole discretion, to establish such rules and
procedures relating to the use of shares of Common Stock to satisfy tax withholding obligations as
it deems necessary or appropriate to facilitate and promote the conformity of the Participant’s
transactions under the Plan and this Agreement with Rule 16b-3 under the Securities Exchange Act of
1934, as amended, if such Rule is applicable to transactions by the Participant.

     1.6 Committee’s Discretion. Notwithstanding any provision of this Agreement to the
contrary, the Committee shall have discretion under Section 7.4(d) of the Plan to waive any
forfeiture of the Units as set forth in Section 1.4 hereof, the Restricted Period and any other
conditions set forth in this Agreement.

     1.7 Defined Terms. Capitalized terms used but not defined in this Agreement shall
have the meanings set forth in the Plan.

	2.	 	REPRESENTATIONS OF THE EXECUTIVE

     The Participant hereby represents to the Company that the Participant has read and fully
understands the provisions of this Agreement and the Plan and his or her decision to participate

-5-

 

in the Plan is completely voluntary. Further, the Participant acknowledges that the Participant is
relying solely on his or her own advisors with respect to the tax consequences of this restricted
stock unit award.

	3.	 	NOTICES

          All notices or communications under this Agreement shall be in writing, addressed, if to the
Company, at its corporate offices, and, if to the Participant, at the address contained in the
Company’s records. Any such notice or communication shall be (a) delivered by hand (with written
confirmation of receipt) or sent by a nationally recognized overnight delivery service (receipt
requested) or (b) be sent certified or registered mail, return receipt requested, postage prepaid,
addressed as above (or to such other address as such party may designate in writing from time to
time), and the actual date of receipt shall determine the time at which notice was given.

	4.	 	ASSIGNMENT; BINDING AGREEMENT

          This Agreement shall be binding upon and inure to the benefit of the heirs and representatives
of the Participant and the assigns and successors of the Company, but neither this Agreement nor
any rights hereunder shall be assignable or otherwise subject to hypothecation by the Participant.

	5.	 	ENTIRE AGREEMENT; AMENDMENT; TERMINATION

          This Agreement represents the entire agreement of the parties with respect to the subject
matter hereof. The provisions of the Plan are incorporated in this Agreement in their entirety.
In the event of any conflict between the provisions of this Agreement and the Plan, the provisions
of the Plan shall control. The Agreement may be amended at any time by written agreement of the
parties hereto.

	6.	 	GOVERNING LAW

          This Agreement and its validity, interpretation, performance and enforcement shall be governed
by the laws of the State of Delaware other than the conflict of laws provisions of such laws.

	7.	 	SEVERABILITY

          Whenever possible, each provision in this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement shall be held
to be prohibited by or invalid under applicable law, then (a) such provision shall be deemed
amended to accomplish the objectives of the provision as originally written to the fullest extent
permitted by law and (b) all other provisions of this Agreement shall remain in full force and
effect.

-6-

 

	8.	 	NO RIGHT TO CONTINUED EMPLOYMENT OR PARTICIPATION; EFFECT ON OTHER PLANS

          This Agreement shall not confer upon the Participant any right with respect to continued
employment by the Company, its Affiliates or its Subsidiaries or continued participation under the
Plan, nor shall it interfere in any way with the right of the Company, its Affiliates and its
Subsidiaries to terminate the Participant’s employment at any time. Payments received by the
Participant pursuant to this Agreement shall not be included in the determination of benefits under
any pension, group insurance or other benefit plan of the Company, its Affiliates or any
Subsidiaries in which the Participant may be enrolled or for which the Participant may become
eligible, except as may be provided under the terms of such plans or determined by the Board.

	9.	 	NO STRICT CONSTRUCTION

          No rule of strict construction shall be implied against the Company, the Committee or any
other person in the interpretation of any of the terms of the Plan, this Agreement or any rule or
procedure established by the Committee.

	10.	 	USE OF THE WORD “PARTICIPANT”

          Wherever the word “Participant” is used in any provision of this Agreement under circumstances
where the provision should logically be construed to apply to the executors, the administrators, or
the person or persons to whom the Units may be transferred by will or the laws of descent and
distribution, the word “Participant” shall be deemed to include such person or persons.

	11.	 	FURTHER ASSURANCES

          The Participant agrees, upon demand of the Company or the Committee, to do all acts and
execute, deliver and perform all additional documents, instruments and agreements (including,
without limitation, stock powers with respect to shares of Common Stock issued or otherwise
distributed in relation to the Units) which may be reasonably required by the Company or the
Committee, as the case may be, to implement the provisions and purposes of this Agreement and the
Plan.

-7-

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