Document:

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                                                                    Exhibit 10.9

                                    AGREEMENT

      THIS AGREEMENT, dated April 26, 2001, is entered into by and between A. M.
Castle & Co., a Maryland corporation ("Castle") and
_________________("Executive").

      WHEREAS, the Executive has rendered valuable service to Castle and Castle
desires to be assured that the Executive will continue rendering such service to
Castle; and

      WHEREAS, the Executive is willing to continue to serve Castle, but desires
assurance that he will be protected in the event of any change in control.

      NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties agree as follows:

      1.    Castle agrees that if:

            a.    There is a change in control of Castle; and

            b.    Within 24 months after the date of such change in control,
            Executive's:

                  !     Duties and/or responsibilities have been

                        (i)   substantially changed or

                        (ii)  reduced; or

                  !     Has been transferred or relocated; or

                  !     Compensation has been reduced; and Executive terminates
                        the employment within 30 months after the date of the
                        change in control; or

            c.    The Executive has been discharged or his employment has been
            terminated by the Company for whatever reason (other than discharge
            for cause, death or disability) within 24 months after the date of
            such change in control, then

      2.    Castle shall provide and the Executive shall receive the following:

            a.    A lump sum cash payment in the amount of Executive's total
            compensation for the last 12 months prior to the date of the change
            in control date divided by 12 times 35, but in no event more than
            2.99 times the average of Total Compensation for the last 5 calendar
            years prior to the change in control date.

            In addition to the foregoing, the Executive shall

                  (i)   be allowed to exercise any and all vested stock options
            awarded to him, which remain unexercised, for an additional 12
            months after the termination date notwithstanding any other
            provisions of the Plan; and

                  (ii)  notwithstanding termination prior to the end of a
            calendar year, be awarded any earned but not paid bonuses as of the
            termination date to be prorated to the termination date.

            b.    Continued coverage by all of Castle's medical, health and
            dental plans or, in the event Castle's plans have been terminated,
            equivalent plan coverages for a period of twenty-four (24) months
            after such change of control.

            c.    An additional retirement benefit over and above that which the
            Executive normally would be entitled to under Castle's retirement
            plan, equal to the actuarial equivalent of the additional amount
            that that Executive would have earned under such retirement plan or
            programs had he accumulated three (3) additional continuous years of
            service. Such amount shall be paid to the Executive in a cash lump
            sum payment at his normal retirement age. The Executive may also
            elect to receive such payment at his earlier retirement age as
            provided for in the retirement plans with the corresponding
            actuarial reduction and amount of such payments based upon the
            earlier date of such payments.

      3.    The amounts paid to the Executive hereunder shall be considered
severance pay in consideration of past services he has rendered to the Company
and in consideration of his continued service from the date hereof to his
entitlement of those payments.

      4.    The Executive shall have no duty to mitigate his damages by seeking
other employment. Should the Executive actually receive other payments from any
other employment, the payments called for hereunder shall not be reduced or
offset by any such future earnings.

      5.    In the event that upon a change in control an immediate vesting of
stock options, previously granted to Executive, occurs such that the value of
the accelerated vesting is, for tax purposes, added to the value of the lump sum
cash payment provided herein, the lump sum cash payment shall be increased by an
amount necessary to pay any excise tax levied such that the net amount, after
payment of

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                                                                    Exhibit 10.9

any such tax, is equal to what would have been received by Executive but for the
inclusion of the accelerated stock option value.

      6.    As used herein, the following definitions shall control.

            a.    The term "Change in Control" shall mean either:

                  i.    Ownership, whether direct or indirect, of shares in
            excess of twenty five percent (25%) of the outstanding shares of
            common stock of Castle by a person or group of persons other than
            Simpson Estates; or

                  ii.   The occurrence of any transaction relating to Castle
            required to be described pursuant to the requirements of Item 5(f)
            of Schedule 14(a) of Regulation 14(a) of the Securities Exchange Act
            of 1934 as promulgated by the Security Exchanges Commission.

                  iii.  Any change in the composition of the Board of Directors
            of Castle over a two (2) year period which results in a majority of
            the then present directors of Castle not constituting a majority two
            (2) years later, provided that in making such determination,
            directors who are elected by or under recommendation of the then
            present majority shall be excluded.

            b.    "Total Compensation" shall mean the compensation amount shown
            on the Executive's W-2 Form plus all pre-tax amounts deducted for
            payment to Castle's retirement, profit sharing and health plans.

      7.    The arrangements called for by this Agreement are not intended to
have any effect on the Executive's participation in any other benefit available
to executive personnel or to preclude other compensation or additional benefits
as may be authorized by the Board of Directors from time to time.

      8.    This Agreement shall be binding and shall inure to the benefit of
the respective successors, assigns, legal representatives and heirs to the
parties hereto.

      9.    This Agreement shall terminate, even though prior to the acquisition
or any change in control of Castle as defined herein, if the Executive shall
voluntarily, resign, retire, become permanently and totally disabled,
voluntarily take another position requiring a substantial portion of his time,
or die. This Agreement shall also terminate if the Executive's employment as an
officer of Castle shall have been terminated for any reason by the Board of
Directors of Castle as constituted prior to any announced acquisition or change
in control of Castle as defined herein.

ATTEST:                                     A. M. CASTLE & CO.

By: _____________________            By _______________________________________
         Secretary                          Chairman of the Human Resources
                                            Committee of the Board of Directors

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                                                                   Exhibit 10.10

                                   OBJECTIVES

A.M. Castle & Co. has designed an Executive Incentive Plan to accomplish the
following objectives:

-     To focus the participant's behavior towards the achievement of the goals
      set by the Corporation.

-     To create a team environment that will reward outstanding performance.

                                   ELIGIBILITY

Executives are eligible to participate in the plan as recommended by the
President & Chief Executive Officer and approved by the Board of Directors. An
Executive must be employed by the Company for the entire calendar year to be
eligible for a payment. No pro-rated payments will be made unless reviewed and
approved by the President & Chief Executive Officer.

                              INCENTIVE OPPORTUNITY

Participants under this plan have the opportunity to earn a percentage of their
annual base salary as an incentive. Specific eligibility percentages by position
are reviewed on an annual basis. Any changes or deviations must be approved by
the President & Chief Executive Officer.

                                 INCENTIVE GOALS

Castle pays incentive to Executive personnel to reward them for meeting and
exceeding the Business Plans ("BPlan") as approved and adopted by Castle's Board
of Directors. The BPlan is consistent with our Corporate focus, which is to
increase the total return to our shareholders. The critical factors necessary
for the Company to improve its overall performance continues to be net earnings
and the efficient use of working capital.

The net earnings after tax and working capital goals are based on the BPlan that
were recommended by the President & Chief Executive Officer and approved by the
Board of Directors. The goals provide a realistic view of the products and the
markets in which the Company participates.

                            KEY MEASUREMENT CRITERIA

Net earnings after tax and working capital will be the two measurement
components for all Executives with the exception of the Vice Presidents in the
Merchandising Group. The Vice presidents in the Merchandising Group will have a
profit component specific to their responsibility. Each measurement will be
calculated independently which means that participants can receive payment under
one component while not attaining cut-in for the other components. The corridor
for the plan components establish cut-in at 50% and maximum at 150% of the
approved BPlan.

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                                                                   Exhibit 10.10

      NET EARNINGS AFTER TAX

      The net earnings after tax goal is based on the BPlan for the Corporation.
      Cut-in and maximum goals will be established based on the Board approved
      parameters. The Business Plan goal will be the midpoint of the corridor
      and will represent a 50% attainment of the maximum goal.

      WORKING CAPITAL

      The working capital component will be measured using two separate
      independent measurements, DSI and DSO. Each component's attainment is
      measured separately and is not contingent on the other to receive a
      payout.

                              DISCRETIONARY FEATURE

The president & Chief Executive Officer has the authority to grant additional
discretionary incentive payments, or deny incentive payments based on special or
unique circumstances that arise throughout the plan year.

                                   EMPLOYMENT

Participation in this plan does not guarantee employment. Payments from this
plan are dependent on continued eligibility and employment with the Corporation.

The decision to award any incentives under the plan is reserved by the President
& Chief Executive Officer. This includes individuals whose employment with the
company is voluntarily or involuntarily terminated, or who retire during the
calendar year.

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