Document:

Tim Johnson Separation Agreement

 EXHIBIT 10.14 
 VOLUNTARY SEPARATION AGREEMENT AND RELEASE 
 THIS VOLUNTARY SEPARATION AGREEMENT AND RELEASE
(this "Agreement") is entered into as of the date hereinafter set forth by and between Ventana Medical Systems, Inc., (the "Company" or "Ventana"), and Mr. Tim B. Johnson ("Mr. Johnson"). 
 WHEREAS, Mr. Johnson has been employed by Company since February 14, 2002; and 
 WHEREAS, the parties have agreed to sever their employment relationship on an amicable basis, and settle any claims or disputes between them. 

Now, THEREFORE, in consideration of the promises and the mutual covenants and understandings set forth hereafter, the parties agree as follows:

 Introduction: 
  

	 	1.	Mr. Johnson’s last day of active employment as Senior Vice President, GBS with Ventana will conclude effective the close of business, January 5, 2007.

	 	2.	Mr. Johnson will assume the role of Operations Specialist from January 6, 2007 through March 30, 2007 with no change in base pay. Mr. Johnson’s last day of
active employment with Ventana will conclude effective the close of business, March 30, 2007. 

	 	3.	All earned PTO will be used during Operations Specialist employment. 

 SECTION I 
  

	 	4.	Mr. Johnson is entitled to receive the Benefits and Compensation listed below in this Paragraph 4 regardless of Mr. Johnson’s decision to sign this Agreement:

  

	 	 (a)
	 Mr. Johnson will receive the 2006 bonus per the bonus plan, to be paid in cash, less authorized and required
deductions, on the same date on which bonuses are paid to other Company vice presidents receiving bonuses. 

  

	 	 (b)
	 These payouts will be paid in a lump sum and subject to and reduced by any and all payroll taxes, required withholding,
and other authorized or required deductions. 

  

	 	 (c)
	 Mr. Johnson is eligible to continue his healthcare (medical, dental and vision) which will continue through the end
of the termination month. Mr. Johnson will be eligible to continue these benefits for himself and eligible dependents up to 18 months under COBRA. Details of COBRA rights and responsibilities will be forwarded to Mr. Johnson upon notice of
termination to Ventana payroll. 

  

	 	(d)	Within fifteen (15) days, Mr. Johnson must complete all travel and expense reports, in accordance wit7hVentana’s regular requirements, and settle all advances.
Mr. Johnson will be reimbursed for travel and other expenses, for those expenses reported in the normal manner. 

 SECTION II 
  

	 	5.	In addition to the Benefits and Compensation listed under Section I, Mr. Johnson will receive, subject to Section III, Paragraph 8, the following consideration (collectively,
the "Separation Pay") if Mr. Johnson elects to sign this Agreement: Mr. Johnson understands that Ventana is agreeing to provide the Separation Pay in part because of and in exchange for the release of claims and other provisions provided
in Section III (below) and that the Separation Pay is in addition to any other payment or things of value to which Mr. Johnson may already be entitled or is receiving from Ventana: 

  

	 	(a)	Additional severance payment in the gross amount of $10,000.00 per pay period consistent with Ventana’s practices, for 13 weeks (April 1, 2007 through June 30, 2007). This
severance will be subject to and reduced by any and all payroll taxes, required withholding, and other deductions. Ventana also agrees to pay COBRA premiums for April through June, 2007 should Mr. Johnson elect COBRA coverage as mentioned in
Section I, Paragraph 4, part (c), above. 

  

	 	(b)	If Mr. Johnson notifies Ventana in writing that he has not accepted an offer of full-time employment as of June 30, 2007, then he will receive an additional severance
payment of 6 weeks from July 1, 2007 through August 10, 2007 at his current pay. If Mr. Johnson has not accepted an offer of full-time employment as of June 30, 2007 Ventana also agrees to pay COBRA coverage through August 2007.

 SECTION III 
  

	 	6.	Mr. Johnson understands and acknowledges that the National Labor Relations Act, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, the Age
Discrimination in Employment Act, the Americans With Disabilities Act, the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, the Arizona Civil Rights Act, the Arizona Employment Protection Act (collectively the "Acts") and other
applicable federal, state or local laws provide the right to an employee to bring charges, claims, or complaints against an employer if the employee believes he has been discriminated against on a number of bases including race, ancestry, color,
religion, sex, pregnancy, marital status, national origin, age, status as a veteran of the Vietnam era, and physical or mental disability or medical condition. Mr. Johnson, with full understanding of the rights afforded him under these Acts,
statutes and laws, agrees that he will not file or cause to be filed against Ventana, or the Release Parties (as hereinafter defined), any charges, complaints, or actions based on any alleged violation(s) of these Acts, statutes and laws, or any
successor or replacement Acts, statutes or laws. Mr. Johnson hereby waives any rights to assert a claim for any relief available under these Acts, statutes and laws (including, but not limited to, back pay, attorney fees, damages, reinstatement
and/or other injunctive relief) he may otherwise recover based upon any alleged violation(s) of these Acts, statutes and laws, or any successor or replacement Acts, statutes or laws. This release excludes any claim which cannot be released by
private agreement. 

	 	7.	In consideration of the Separation Pay and other covenants set forth herein, including the confidentiality covenants set forth herein, and with full understanding of the rights
afforded him under at law or under the Acts, Mr. Johnson, in his individual capacity, and marital community capacities, on behalf of his marital community, and on behalf of his descendents, dependents, heirs, executors, administrators, assigns,
successors, agents, and attorneys, past, present and future, and each of them, in their respective and individual capacities, hereby covenants not to sue Ventana and fully releases and discharges Ventana, and its officers, directors, partners,
shareholders, affiliates, subsidiaries, divisions, joint ventures, assigns, successors, agents, employees, attorneys, and insurers, past, present and future, and each of them, in their representative and individual and marital capacities
(hereinafter collectively referred to as "Released Parties") from any and all claims, judgments, back pay, front pay, compensatory and punitive damages, emotional distress claims, harm to reputation claims, wages, demands, rights, liens, agreements,
contracts, covenants, torts, actions, suits, causes of action, actions alleging illegal harassment or discrimination under local, federal or common law, obligations, debts, costs, expenses, attorneys’ fees, damages, orders and liabilities of
whatever kind or nature in law, equity or otherwise, whether known or unknown, whether matured or unmatured, which Mr. Johnson has, may now have, or at any time heretofore had or hereafter has against Released Parties, arising out of or in any
way connected with Mr. Johnson’s employment relationship with Ventana, Mr. Johnson’s resignation or termination from employment, or based on any other transactions, occurrences, acts, or omissions or any loss, damage or injury
whatever, known or unknown matured or unmatured, resulting from any act or omission by or on the part of Ventana or the Released Parties, or any of them, committed or omitted prior to the date of this Agreement. All such Claims are forever barred by
this Agreement and without regard to whether these Claims are based on any alleged breach of duty arising in contract or tort; any alleged employment discrimination or other unlawful discriminatory act; or any claim or cause of action regardless of
the forum in which it may be brought, including, without limitation, claims for breach of contract, wrongful termination, defamation, intentional infliction of emotional distress or under the National Labor Relations Act, Title VII of the Civil
Rights Act of 1964, as amended, the Civil Rights Act. of 1991, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, the Employee Retirement Security Income
Act, the Arizona Civil Rights Act, the Arizona Employment Protection Act, the Arizona Wage & Hours Laws, and other applicable federal, state and local laws, or any successor or replacement statutes and all claims under statutory and common
law, and all claims under statutory or common law, all other statutory rights, all common law rights, claims for sick leave, holiday pay, vacation pay, life insurance, or any other fringe benefit of Ventana (other than as described in Section
II),workers’ compensation, unemployment compensation, or disability claims. This release excludes any claim which cannot be released by private agreement and does not purport to waive rights or claims that may arise after the date this
Agreement is executed. 

	 	8.	Mr. Johnson understands and agrees that Ventana has not made any representations, warranties or guarantees regarding the taxable or nontaxable character of the monies paid
pursuant to this Agreement. Mr. Johnson represents and warrants that he (a) has received all leave and other benefits to which he is entitled under the Family and Medical Leave Act (“FMLA”), (b) has no pending FMLA request
for leave, and (c) does not claim that the Ventana has violated or denied any of her right under the FMLA. 

  

	 	9.	This Release is not intended to release any claim that may arise after the Effective Date of this Agreement nor to prevent Mr. Johnson from testifying or participating in any
governmental proceeding, but Mr. Johnson agrees that he will not accept any type of compensation as the result of any such proceeding. Without limiting the release in the foregoing paragraph or the general language and effect of that release,
Mr. Johnson expressly releases all claims of age discrimination arising under the federal Age Discrimination in Employment Act of 1967, as amended ("ADEA"), 29 U.S.C. §§ 621, Mr. Johnson understands that Ventana is agreeing to
provide the Separation Pay in part because of and in exchange for this specific release of claims of age discrimination under the ADEA and that the Separation Pay is in addition to any other payment or things of value to which Mr. Johnson may
already be entitled or is receiving from Ventana. 

  

	 	10.	In the event of any breach by Mr. Johnson of any covenant in this Agreement, Ventana shall be under no further obligation to provide the Separation Pay or other benefits
provided for in Section II, and in addition to such other remedies available to Ventana at law, Mr. Johnson shall, upon demand, tender to Ventana all amounts paid to or on his behalf pursuant to Section II except for wages paid for actual work
performed through March 30, 2007 and except for payments made for accrued but unused PTO, if any. 

  

	 	11.	This Agreement and compliance with this Agreement shall not be construed as an admission by Ventana of any liability whatsoever, or as an admission by Ventana of any violation of
the rights of Mr. Johnson or of any other person, violation of any order and/or law to or any person, or violation of any order, law, statute, duty, of breach of any contract or any act of discrimination whatsoever against Mr. Johnson or
any other person; and Ventana specifically disclaims any liability to or discrimination against Mr. Johnson or any other person, or any alleged violation of any right of Mr. Johnson or any person, or of any order, law, statute, duty or
breach of any contract, or of any wage order or law on the part of Ventana and the Released Parties. 

  

	 	12.	 Mr. Johnson covenants and agrees that he will not, at any time, release, disclose, or utilize for any purpose, or for the benefit of any person, entity, or
business, confidential and/or proprietary information of Ventana, including, but not limited to information concerning Ventana’s customers, employees, business, and other matters of concern to Ventana. The term "confidential and/or proprietary
information" includes, but is not limited to, the Company’s customer lists, customer information and preferences, employee data, employee and payroll information, business plans, marketing plans, pricing formulas or methods, cost calculations
or estimations, profit margins, contracts with customers, agents, employees, and clients, any other contract, trade secrets, source codes, technical data, know-how, techniques, formulas, specifications, inventions, methods, manufacturing and other
processes, procedures, developments, improvements, research and development information, and any such other information which may have been 

	 	 
designated or maintained as confidential from time to time by the Company. The parties agree that Mr. Johnson’s agreement herein concerning
confidential and proprietary information and the maintenance of the confidentiality of this information are material terms of this Agreement and a primary consideration for the Separation Pay described in this Agreement. It is understood and agreed
that the Separation Pay herein is based in part on the value to Ventana of this covenant, and both parties acknowledge the harm to Ventana or Ventana clients that would occur if this covenant is breached. 

  

	 	13.	Because of Mr. Johnson’s position of trust and responsibility with Ventana, and his access to confidential information about Ventana and its employees and processes,
Mr. Johnson agrees that he shall not for a period of twelve (12) months after termination of employment with Ventana engage directly or indirectly, whether as principal, agent, officer, director, employee, consultant or otherwise, for the
companies listed in Schedule A attached hereto, or any of their affiliates, parents or subsidiaries. Mr. Johnson further agrees to notify Ventana of any and all subsequent employment for a period of twelve (12) months after termination and
for a period of period of twenty-four (24) months after termination of employment if such employment is with any of the companies listed on Schedule A and to inform any employer of the provisions of this Section III, Paragraphs 12 and 14 and
authorizes Ventana to notify any such actual or potential employers of the terms of this Section III, Paragraphs 12 and 14. Other than as set forth in this Agreement, nothing set forth herein shall preclude the employment of Mr. Johnson.

  

	 	14.	Mr. Johnson shall not for a period of one (1) year after termination of employment with Ventana, hire, solicit, employ or engage, directly or indirectly, any employee of
Ventana for any purpose, nor make known to any person or entity the identity of Ventana employee for the purpose of soliciting, employing or engaging him. 

  

	 	 15.
	 Mr. Johnson agrees to assist Ventana in every proper way in obtaining and maintaining patents, copyrights and other
legal protections for Ventana’s inventions and intellectual property conceived by or otherwise involving Mr. Johnson during the term of his employment at Ventana, and to execute such documents as Ventana may reasonably request for use in
obtaining and maintaining such protection. Mr. Johnson further agrees to reasonably assist and cooperate with Ventana and Ventanals attorneys, in the prosecution or defense of any litigation in which Ventana is or may in the future become a party to. Ventana agrees to reimburse Mr. Johnson for all costs and expenses reasonably incurred by him in
providing such assistance. 

  

	 	16.	Mr. Johnson agrees that the fact of and terms of this Agreement are and must be kept strictly confidential. At his option, Mr. Johnson may disclose only the financial
terms of this Agreement to his accountant or tax preparer, if any, and he may disclose the fact of and terms of this Agreement to his attorney or if he legally is required to do so by subpoena or other legal process. 

  

	 	17.	 Upon the request of Ventana Mr. Johnson shall immediately tender to or make available to Ventana all original and copies of all Ventana information and
property in his possession and control, including but not limited to, Ventana records, documents or other information, along with all copies thereof and all computer storage media containing any such records, 

	 	 
documents, or other information, pagers, cellular telephones, personal computer equipment and software, Ventana credit cards, and any other materials,
equipment or documents, including all copies thereof, belonging to Ventana. 

  

	 	18.	Mr. Johnson agrees and covenants that Ventana has no obligation to rehire or reinstate him. 

  

	 	19.	Mr. Johnson and Ventana agree not to disparage, either orally or in writing, any party or Released Parties identified in this Agreement. Mr. Johnson shall refer all
potential future employers to the Vice President, Human Resources Department or CEO. All future employers will be given only Mr. Johnson’s title and dates of employment. 

 SECTION IV 
  

	 	20.	Mr. Johnson represents and acknowledges that he is under no obligation to enter into this Agreement, that he was given this agreement on November 16, 2006, and that he has
been provided with at least twenty-one (21) days to consider whether he should sign this Agreement and that he signed this Agreement freely and voluntarily. If changes have been made to this Agreement after it was first given to
Mr. Johnson, the 21 day time period will not start again, even if the changes are material. If Mr. Johnson signs this Agreement before the 21 days are over, he waives his right to have at least 21 days to consider it. In the event that
Mr. Johnson signs this Agreement, he may still revoke it at any time within seven (7) days after signing (the "Revocation Period"). In order to revoke this Agreement, Mr. Johnson must notify the Company in writing of his decision to
revoke the Agreement no later than 12:01 a.m. of the 8th day following the signing date. If Mr. Johnson revokes this Agreement, then Ventana shall have no obligation to make any payments or to provide any benefits under this Agreement, except
for Ventana’s obligation to pay wages for actual days worked and to pay accrued PTO, if any. This Agreement shall become effective immediately upon the expiration of the Revocation Period (the "Effective Date"). 

  

	 	21.	Mr. Johnson represents and hereby avows that he possesses the sole rights and interests in any claims against Ventana and Released Parties, if any, and that he has not assigned
his rights or interests in his claims to any person and/or entity. Mr. Johnson further understands and agrees that, among other rights or claims, by executing this Agreement, he knowingly and voluntarily is waiving any right or claim he has or
may have under the Acts. 

  

	 	22.	This Agreement constitutes the entire agreement of the parties concerning the subject matter herein and supersedes and replaces all prior negotiations and all agreements proposed
and otherwise, whether written or oral, concerning the subject matter hereof, and there are no other agreements between them. The terms of this Agreement are contractual and are not merely recitals. This Agreement may not be modified or changed
unless done so in writing and signed by both parties. 

  

	 	23.	Ventana and Mr. Johnson represent and acknowledge that they have carefully read and fully understand all of the provisions of this Agreement which sets forth the entire
agreement between the parties and that they have not relied upon any representations or statement, written or oral, not set forth in this document. 

	 	24.	Ventana and Mr. Johnson represent and acknowledge that they have had such time as each deemed necessary to review, consider and deliberate as to the terms of this Agreement.

  

	 	25.	Ventana and Mr. Johnson represent and acknowledge that Ventana has recommended that Mr. Johnson retain an attorney to advise Mr. Johnson fully in this matter and that
Mr. Johnson has had the opportunity to review this Agreement with an attorney. 

  

	 	26.	Should any provision of this Agreement be declared or be determined by a court of competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms, or
provisions shall not be affected thereby and said illegal or invalid part, term, or provision shall be deemed to not be a part of this Agreement. 

  

	 	27.	All notices to Ventana by Mr. Johnson under this Agreement shall be in writing and sent to: 

 Denise van Zijll 
 Vice President, Human
Resources 
 Ventana Medical Systems, Inc. 
 191 0 E. Innovation Park Dr. 
 Tucson, Arizona 85755 
 Phone: (520) 229-3942 
 Fax:
(520) 229-4205 
 All notices to Mr. Johnson by Ventana under this Agreement shall be in writing and sent to: 
 Mr. TJ Johnson 
 (Address) 

Ventana may, however, make any payments to Mr. Johnson in the manner and at the address in which he has been receiving regular wages prior to the
date of his termination unless specifically directed to do otherwise in writing. 
 Notices may be sent by registered or certified mail,
return receipt requested, or by facsimile or by hand-delivery. Notices shall be deemed received when given if by facsimile or hand-delivery. Notices shall be deemed received two days after deposit in the United States mail, by certified or
registered mail, return receipt requested, if mailed. Facsimile signatures shall be accepted as originals. This Agreement may be executed in one or more counterparts, each of which shall be considered a duplicate original and all of which taken
together shall constitute one and the same Agreement. 
  

	 	28.	This Agreement will be take effect immediately upon the signatures of both Mr. Johnson and Ventana and expiration of the waiting period mentioned above and shall be binding
upon and inure to the benefit of the heirs, successors, personal representatives and assigns for the parties hereto. 

 We have
read the foregoing Agreement and we accept and agree to the provisions it contains and hereby execute it voluntarily with a full understanding of its consequences. 

					
	TJ Johnson	 		  	Ventana Medical Systems, Inc.
			
	/S/ TJ JOHNSON	 		  	/S/ DENISE VANZIJLL
	TJ Johnson	 		  	 Denise vanZijll
 Vice President, Human Resources

			
	Date: November 21, 2006	 		  	Date: November 21, 2006

 Schedule A 
 Vision Systems Limited 
 Vision Systems USA, Inc. 
 Danaher 
 Dako Corporation 
 BioGenex 
 Abbott Molecular 
 Lab Vision 
 BioCare 
 DigeneEmployment Agreement

 EXHIBIT 10.1(a) 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT, by and between Ryerson Inc. (the “Company”)
and Neil S. Novich (the “Executive”) effective as of December 1, 1999 (the “Effective Date”) and as amended and restated January 1, 2006 and as further amended as of March 10, 2007. 
 WITNESSETH THAT: 
 WHEREAS, the
Company has appointed Executive to the position of Chairman, President and CEO, and Executive has accepted such appointment; 
 WHEREAS,
in connection with such appointment, the Company and Executive desire to enter into this Agreement; and 
 WHEREAS, this Agreement
was amended effective January 1, 2006 to conform to the requirements of the Internal Revenue Code Section 409A; 
 NOW,
THEREFORE, in consideration of the Executive’s appointment as Chairman, President and CEO, and for other good and valuable consideration the receipt of which is hereby acknowledged, it is agreed by the Executive and Company as follows:

 1. Duties. The Executive agrees that while he is employed by the Company, he will devote his full business time, energies
and talents to serving as the Chairman, President and CEO of the Company and providing services for the Company at the direction of the Board of Directors of the Company. The Executive shall have such duties and responsibilities as may be assigned
to him from time to time by the Board of Directors, shall perform all duties assigned to him faithfully and efficiently, subject to the direction of the Board of Directors, and shall have such authorities and powers as are inherent to the
undertakings applicable to his position and necessary to carry out the responsibilities and duties required of him hereunder; provided, however, that the Executive shall not be required to perform any duties while he is disabled. Both parties
understand and agree that the Executive may serve on boards of directors of other businesses which are not in competition with the Company and may engage in civic and charitable activities provided that such service and activities do not materially
interfere with the performance of the Executive’s duties. 
  

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 2. Compensation. Subject to the terms and conditions of this Agreement, during the
Employment Period while the Executive is employed by the Company, the Company shall compensate him for his services as follows: 
 (A) The
Executive shall receive, for each twelve-consecutive month period beginning on February 8, 1999, and each anniversary thereof, an annual salary not less than $500,000 (the “Annual Base Salary”), which Annual Base Salary shall be
payable in substantially equal bi-weekly installments. The Executive’s rate of Annual Base Salary shall be reviewed annually beginning in February, 2000 and may be increased at that time with the Compensation Committee’s approval.

 (B) The Executive shall be entitled to receive bonuses from the Company in accordance with the bonus plans of the Company as in effect from
time to time. As Chairman, President and CEO his target bonus award percentage shall be 70% of the median annual salary of the CEO position within the Hewitt comparator survey, subject to annual approval of the Compensation Committee of the Board of
Directors. 
 (C) Except as otherwise specifically provided to the contrary in this Agreement, the Executive shall be provided with health,
welfare and other fringe benefits to the same extent and on the same terms as those benefits are provided by the Company from time to time to the Company’s other senior management executives. 
 (D) The Executive shall be reimbursed by the Company, on terms and conditions that are substantially similar to those that apply to other similarly
situated senior management executives of the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals, lodging and similar items which are consistent with the Company’s expense reimbursement policy and actually incurred
by the Executive in the promotion of the Company’s business. 
 (E) The Company shall pay or shall reimburse the Executive for both of
his monthly club dues and assessments; 
 (F) The Company shall pay the Executive for the amount of the monthly lease payment for the
automobile that the Executive uses for business; provided, however, that the Company shall report as income to the Executive any amounts required by law or the policies of the Company relating to the Executive’s personal use of such automobile.

  

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 (G) The Executive shall be recommended for stock awards in the future utilizing the methodology in place
for the 1999 grant. The methodology in place for 1999 will not be changed in a manner which is less favorable to the Executive. 
 (H) The
Executive shall be provided financial services counseling. 
 3. Rights and Payments Upon Termination. The Executive’s
right to benefits and payments, if any, for periods after the date on which his employment with the Company terminates for any reason (his “Termination Date”) shall be determined in accordance with this Section 3: 
 (A) Termination by the Company for Reasons Other Than Cause; Termination by the Executive for Good Reason. If the Executive’s
termination by the Company occurs for any reason other than Cause or is a result of the Executive’s termination of employment for Good Reason (and is not on account of the Executive’s death, disability, or voluntary resignation, the mutual
agreement of the parties or any other reason), then the period (the “Benefit Period”) commencing on his Termination Date and ending on the earliest of (i) the thirty-sixth month after the Executive’s Termination Date;
(ii) the date on which the Executive violates the provisions of Sections 4, 5 or 6 of this Agreement; or (iii) the date of the Executive’s death, the Executive shall continue to receive from the Company bi-weekly Annual Base Salary
(based on his Annual Base Salary as in effect on his Termination Date) and “Bonus” (as defined below) payments. Such continued bi-weekly base salary payments shall be made on the regularly scheduled pay dates following the Executive’s
Termination Date. Notwithstanding the foregoing provisions of this Paragraph 3(a), if the Executive is a “specified person” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”)) on
the Termination Date and payments under this Agreement are not exempt from Code Section 409A under the exception for separation payments on involuntary termination that do not exceed two times the limit under Section 401(a)(17) of the
Code, then the first payment of continued Annual Base Salary shall not be made until the first regularly scheduled pay date that is six months after the Termination Date and shall consist of (a) an initial payment equal to the sum of
(1) the total bi-weekly payments the Executive would have been entitled to receive during the first six months following the Termination Date if the Executive were not a specified person plus (2) the first bi-weekly payment due in the
seventh month following the Termination Date, and (b) subsequent to the initial payment, bi-weekly 
  

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 payments based on his or her Annual Base Salary to the extent not paid with the initial payment.

 Benefits that will continue will include medical, dental, basic life insurance, financial counseling services, any optional life insurance
and any optional accidental death and dismemberment insurance. “Bonus” shall mean three payments of the average annual amount of the award paid to the Executive pursuant to the annual incentive plan or successor plan with respect to the
three years immediately preceding that in which the Termination Date occurs; excluding any years in which the bonus was zero. If all three immediately preceding bonus payments were equal to zero, then no bonus payment would be continued for the next
three years. 
 Base salary payments to the Executive during the aforementioned Benefit Period shall not preclude the Executive’s
eligibility for payments under the Company’s severance plan. 
 Thirty-six months of additional age and service credit will be credited
to the Executive under the RT Pension and the RT Supplemental Plan and also for purposes of eligibility for and benefits under any post-retirement health and life insurance benefits applicable to Executive using the methodology described in the
Executive’s Change in Control Agreement, as it may be amended from time to time, except that any lump sum payment (to the extent applicable) will be made thirty-six months after the Executive’s Termination Date and only if the Executive
has not violated the Confidentiality, Nonsolicitation and Noncompetition provisions of this Agreement. 
 All existing unvested options as of
the Termination Date will become vested and the Executive shall be afforded a 36 month extension period of time (but not beyond the original Termination Date of the option) from the Termination Date to exercise any remaining unexercised options that
had not expired before the Termination Date. 
 It is expected that the Executive would have an opportunity to exercise said options in a
cashless exchange from the first window period (post earnings public release period) after the Executive’s Termination Date and thereafter. The Company expects that such a transaction could be accomplished very promptly at the beginning of said
window period and thereafter. The Executive may exercise a cashless exchange of options before the date mentioned above if the Company is in agreement on the efficacy of such action and such agreement would not be unreasonably withheld by the
Company. 
  

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 The Company will, to the maximum extent permitted by law, defend, indemnify and hold harmless the
Executive and the Executive’s heirs, estate, executors and administrators against any costs, losses, claims, suits, proceedings, damages or liabilities to which the Executive may become subject which arise out of, are based upon or relate to
the Executive’s employment by the Company (and any predecessor company to the Company), or the Executive’s service as an officer or member of the Board of Directors of the Company (or any predecessor company to the Company), including
without limitation reimbursement for any legal or other expenses reasonably incurred by the Executive in connection with investigation and defending against any such costs, losses, claims, suits, proceedings, damages or liabilities. The Company
shall maintain directors and officers liability insurance in commercially reasonable amounts (as reasonably determined by the Board), and the Executive shall be covered under such insurance to the same extent as other senior management employees of
the Company with respect to matters which occurred during such period of employment. 
 The Executive will be provided one-on-one Executive
out placement and office services following his Termination Date. Such services will be paid for by the Company and consistent with the existing Company program and appropriate to his level. 
 The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking outside employment or otherwise and
such payments shall not be reduced by any other income earned by Executive. 
 (B) Termination By Company for Cause. If the
Executive’s termination is a result of the Company’s termination of the Executive’s employment on account of Cause, then, except as agreed in writing between the Executive and the Company, the Executive shall have no right to future
payments or benefits under this Agreement (and the Company shall have no obligation to make any such future payments or provide any such future benefits) for periods after the Executive’s Termination Date. 
 (C) Termination for Death or Disability. If the Executive’s termination is caused by the Executive’s death or permanent
disability, then the Executive (or in the event of his death, his estate) shall be entitled to continuing payments of his Salary for the period commencing on his Termination Date and ending on the earlier of (i) the last day of the calendar
month in which his Termination Date occurs or (ii) the date on which the Executive violates the provisions of Sections 4, 5 or 6 of this Agreement. 
  

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 (D) Termination for Voluntary Resignation, Mutual Agreement or Other Reasons. If the
Executive’s termination occurs on account of his voluntary resignation, mutual agreement of the parties, or any reason other than those specified in Paragraphs (A), (B) or (C) above then, except as agreed in writing between the
Executive and the Company, the Executive shall have no right to future payments or benefits under this Agreement (and the Company shall have no obligation to make any such future payments or provide any such future benefits) for periods after the
Executive’s Termination Date. The Executive’s termination of employment for Good Reason shall not be treated as a voluntary resignation for purposes of this Agreement. 
 (E) Definitions. For purposes of this Agreement: 
  

	 	(i)	The term “Cause” shall mean: 

 (a) the willful
engaging by the Executive in conduct which is demonstrably and materially injurious to the Company or its affiliates, monetarily or otherwise, as determined by the Board of Directors; or 
 (b) conduct by the Executive that involves theft, fraud or dishonesty; or 
 (c) the Executive’s violation of the provisions of Sections 4, 5 or 6 hereof. 
 (ii) The
term “Good Reason” means (a) the assignment to the Executive duties which are materially inconsistent with his duties as Chairman, President and CEO of the Company, including, without limitation, a material diminution or reduction in
his title, office or responsibilities or a reduction in his rate of Salary, failure to provide bonus opportunities or stock awards in accordance with the requirements in Section 2, or (b) the relocation of the Executive to a location that
is not within the greater Chicago metropolitan area. 
 Notwithstanding any other provision of this Agreement, the Executive shall
automatically cease to be an employee of the Company and its affiliates as of his Termination Date and, to the extent permitted by applicable law, any and all monies that the Executive owes to the Company shall be repaid before any post-termination
payments are made pursuant to the Executive pursuant to this Agreement. 
  

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 4. Confidential Information. The Executive agrees that: 
 (A) Except as may be required by the lawful order of a court or agency of competent jurisdiction, or except to the extent that the Executive has
express authorization from the Company, he shall keep secret and confidential indefinitely all non-public information (including, without limitation, information regarding litigation and pending litigation) concerning the Company and its affiliates
which was acquired by or disclosed to the Executive during the course of his employment with the Company, and not to disclose the same, either directly or indirectly, to any other person, firm, or business entity, or to use it in any way.

 (B) Upon his Termination Date or at the Company’s earlier request, he will promptly return to the Company any and all records,
documents, physical property, information, computer disks or other materials relating to the business of the Company and its affiliates obtained by him during his course of employment with the Company. 
 (C) The Executive shall keep the Company informed of, and shall execute such assignments as may be necessary to transfer to the Company or its affiliates
the benefits of, any inventions, discoveries, improvements, trade secrets, developments, processes, and procedures made by the Executive, in whole or in part, or conceived by the Executive either alone or with others, which result from any work
which the Executive may do for or at the request of the Company, whether or not conceived by the Executive while on holiday, on vacation, or off the premises of the Company, including such of the foregoing items conceived during the course of
employment which are developed or perfected after the Executive’s termination of employment. The Executive shall assist the Company or other nominated by it, to obtain patents, trademarks and service marks and the Executive agrees to execute
all documents and to take all other actions which are necessary or appropriate to secure to the Company and its affiliates the benefits thereof. Such patents, trademarks and service marks shall become the property of the Company and its affiliates.
The Executive shall deliver to the Company all sketches, drawings, models, figures, plans, outlines, descriptions or other information with respect thereto. 
 (D) To the extent that any court or agency seeks to have the Executive disclose confidential information, he shall promptly inform the Company, and he shall take such reasonable steps to prevent disclosure of
Confidential Information until the Company has been informed of such requested disclosure. To the extent that the Executive obtains information on behalf of the Company or any of its affiliates that may be subject to attorney-client privilege as to
the Company’s attorneys, the Executive shall take 
  

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 reasonable steps to maintain the confidentiality of such information and to preserve such privilege.

 (E) Nothing in the foregoing provisions of this Section 4 shall be construed so as to prevent the Executive from using, in connection
with his employment for himself or an employer other than the Company or any of its affiliates, knowledge which was acquired by him during the course of his employment with the Company and its affiliates, and which is generally known to persons of
his experience in other companies in the same industry. 
 5. Nonsolicitation. While the Executive is employed by the Company
and its affiliates and for a period of three years after the date the Executive terminates employment with the Company and its affiliates for any reason, the Executive covenants and agrees that he will not, whether for himself or for any other
person, business, partnership, association, firm, company or corporation, directly or indirectly, call upon, solicit, divert or take away or attempt to solicit, divert or take away, any of the customers or employees of the Company or its affiliates
in existence from time to time during his employment with the Company and its affiliates. 
 6. Noncompetition. While the
Executive is employed by the Company and its affiliates, and for a period of three years after the date the Executive terminates employment with the Company and its affiliates, the Executive covenants and agrees that he will not, directly or
indirectly, engage in, assist, perform services for, plan for, establish or open, or have any financial interest (other than (i) ownership of 1% or less of the outstanding stock of any corporation listed on the New York or American Stock
Exchange or included in the National Association of Securities Dealers Automated Quotation System or (ii) ownership of securities in any entity affiliated with the Company) in any person, firm, corporation, or business entity (whether as an
employee, officer, director or consultant) that engages in an activity in any state in which the Company or its affiliates is conducting or has reasonable expectations of commencing business activities at the date of the Executive’s termination
of employment, which is the same as, similar to, or competitive with the metals service center, processing and distribution business of the Company and its affiliates. 
 Employment of the Executive by a metals manufacturing organization is not considered a violation of this noncompetition section as long as the Executive does not personally engage in activities with the metals
manufacturer to obtain or increase business from the Company’s customers through mill direct or competitor supported business activities. 
  

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 7. Equitable Remedies. The Executive acknowledges that the Company would be irreparably
injured by a violation of Sections 4, 5 and 6 and agrees that the Company, in addition to other remedies available to it for such breach or threatened breach, shall be entitled to a preliminary injunction, temporary restraining order, other
equivalent relief, restraining the Executive from any actual or threatened breach of Sections 4, 5 and 6 without any bond or other security being required. 
 8. Defense of Claims. The Executive agrees that, during his employment with the Company and after his termination, he will cooperate with the Company and its affiliates in the defense of any claims that
may be made against the Company or its affiliates to the extent that such claims may relate to services performed by him for the Company. To the extent travel is required to comply with the requirements of this Section 8, the Company, shall to
the extent possible, provide the Executive with notice at least 10 days prior to the date on which such travel would be required and the Company agrees to reimburse the Executive for all of his reasonable actual expenses associated with such travel;
provided, however, that if the Company reasonably expects the travel to be extensive or unduly burdensome to the Executive from a financial perspective, the Company may provide to the Executive pre-paid tickets for transportation in connection with
such travel. 
 9. Notices. Notices provided for in this Agreement shall be in writing and shall be deemed to have been duly
received when delivered in person or sent by facsimile transmission, on the first business day after it is sent by air express courier service or on the second business day following deposit in the United States registered or certified mail, return
receipt requested, postage prepaid and addressed, in the case of the Company to the following address: 
 Ryerson Inc.

 2621 W. 15th Place 
 Chicago, IL 60608 
 Attention: William Korda 
 or to the Executive: 
 Neil S. Novich

 [Home address] 
 or such other
address as either party may have furnished to the other in writing in accordance herewith, except that a notice of change of address shall be effective only upon actual receipt. 
 10. Withholding. All compensation payable under this Agreement shall be subject to customary withholding taxes and other employment taxes
as required with respect to 
  

 9 

 compensation paid by a corporation to an employee and the amount of compensation payable hereunder shall be reduced
appropriately to reflect the amount of any required withholding. The Company shall have no obligation to make any payments to the Executive or to make the Executive whole for the amount of any required taxes. 
 11. Successors. This Agreement shall be binding on, and inure to the benefit of, the Company and its successors and assigns and any person
acquiring, whether by merger, reorganization, consolidation, by purchase of assets or otherwise, all or substantially all of the assets of the Company. 
 12. Nonalienation. The interests of the Executive under this Agreement are not subject to the claims of his creditors, other than the Company, and may not otherwise be voluntarily or involuntarily
assigned, alienated or encumbered. 
 13. Waiver of Breach. The waiver by either the Company or the Executive of a breach of
any provision of this Agreement shall not operate as or be deemed a waiver of any subsequent breach by either the Company or the Executive. Continuation of payments hereunder by the Company following a breach by the Executive of any provision of
this Agreement shall not preclude the Company from thereafter terminating said payments based upon the same violation. 
 14.
Severability. It is mutually agreed and understood by the parties that should any of the agreements and covenants contained herein be determined by any court of competent jurisdiction to be invalid by virtue of being vague or
unreasonable, including but not limited to the provisions of Sections 4, 5 and 6, then the parties hereto consent that this Agreement shall be amended retroactive to the date of its execution to include the terms and conditions said court deems to
be reasonable and in conformity with the original intent of the parties and the parties hereto consent that under such circumstances, said court shall have the power and authority to determine what is reasonable and in conformity with the original
intent of the parties to the extent that said covenants and/or agreements are enforceable. 
 15. Applicable Law. This
Agreement shall be construed in accordance with the laws of the State of Illinois. 
 16. Amendment. This Agreement may be
amended or cancelled by mutual Agreement of the parties in writing without the consent of any other person. 
  

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 17. Counterparts. This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a copy hereof containing multiple signature pages, each signed by one party
hereto, but together signed by both of the parties hereto. 
 18. Arbitration & Legal Fees. Disputes arising out of or
in connection with the interpretation and application of this Agreement shall be discussed by the Executive and the Company in good faith negotiations for the purpose of reaching an amicable resolution. Without prejudice to the Company’s rights
under Section 7 of this Agreement, any such disputes which cannot be settled amicably within thirty (30) days after written notice by one party to the other (or after such longer period agreed to in writing by the parties), shall
thereafter be settled by binding arbitration in Chicago, Illinois, to be conducted pursuant to the rules and procedures then obtaining of the American Arbitration Association and judgment on the award rendered in such arbitration may be entered in
any court of competent jurisdiction. 
 The Executive is entitled to timely payments (not later than 30 calendar days after notice from the
Executive) from the Company of reasonable attorney fees incurred by the Executive in the event of a dispute arising out of or in connection with the interpretation and application of this Agreement. 
 19. Other Agreements. This Agreement constitutes the sole and complete Agreement between the Company and the Executive and supersedes all
other agreements, both oral and written, between the Company and the Executive with respect to the matters contained herein, provided, however, that this Agreement does not supersede the Change in Control Agreement or Severance Plan. No verbal or
other statements, inducements, or representations have been made to or relied upon by the Executive. The parties have read and understand this Agreement. 
 RYERSON INC. 
  

							
				
	Dated: March 10, 2007	 		 		 	/s/    William Korda
		 		 		 	 William Korda
 Vice President Human
Resources

				
	Dated: March 10, 2007	 		 		 	/s/    Neil S. Novich
		 		 		 	 Neil S. Novich
 Chairman,
President & CEO

  
  
  

 11

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