Document:

EX-10.2

Exhibit 10.2

THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.

Performance Award Grant Agreement

(Long-Term Incentive Compensation Program under the 2005 Stock Incentive Plan)

United States Steel Corporation, a Delaware Corporation, herein called the Corporation, grants to
the undersigned employee of the employing company identified below (the “Grantee”) a Performance
Award representing the right to receive a specified number of shares of the common stock of the
Corporation (“Shares”) set forth below, which right, if payable, shall be paid in Shares:

	 	 	 
	Name of Grantee:

	 	PARTICIPANT NAME
	 
	 	 
	Name of Employing Company
	 	 
	on Date Hereof:

	 	(the company recognized by the
Corporation as employing
the Grantee on the date hereof)
	 
	 	 
	Target Number of Shares
	 	 
	Subject to Award:

	 	# SHARES
	 
	 	 
	Maximum Number of Shares
	 	 
	Subject to Award:

	 	(two times the Target Number of Shares Subject to Award)
	 
	 	 
	Performance Period

	 	The approximately three-year period identified by the
Compensation Committee in writing at the time of Grant
	 
	 	 
	Performance Goals

	 	(see Exhibit A, attached)
	 
	 	 
	Date of This Award:

	 	GRANT DATE

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

	 	 	 	 	 	 	 	 	 	 	 
	United States Steel Corporation	 	 	 	Accepted as of the above date: ACCEPTANCE DATE	 	 
	 
	By

	 	 	 	 	 	By
	 	PARTICIPANT ES	 	 
	 

	 	 

Authorized Officer
	 	 	 	 	 	 

Signature of Grantee
	 	 

Terms and Conditions

     1. Grant of Performance Award: The Performance Period for purposes of determining whether
the Performance Goal has been met shall be the approximately three-year period determined in
accordance with the Administrative Regulations by the Compensation Committee in writing at the time
of Grant. The Performance Goal for purposes of determining whether, and the extent to which, the
Performance Award will vest is set forth in Exhibit A to this Agreement. The Peer Group for
purposes of determining whether the Performance Goal has been achieved is the Peer Group identified
by the Compensation Committee in writing at the time of Grant. The Peer Group is subject to
adjustment as described in the Administrative Regulations and as the Committee, in its discretion,
may additionally set forth at the commencement of the Performance Period in accordance with Section
162(m) of the U.S. Internal Revenue Code. Exhibit A is incorporated by reference herein. Subject
to the Administrative Regulations and the provisions of this Agreement, the Performance Award shall
become payable, if vested, following the Committee’s determination and certification after the end
of the Performance Period, as to whether and the extent to which the Performance Goal has been
achieved; provided that the Committee retains negative discretion to reduce any and all Performance
Awards that would otherwise be payable as a result of performance measured against the Performance
Goals excepting Performance Awards paid by reason of a Change of Control. The Committee may not
increase the amount payable as a result of performance measured against the Performance Goals.

     2. Payment of Award: If the Performance Award is payable, the Corporation shall cause a
stock certificate to be issued in the Grantee’s name, for no cash consideration, for the number of
shares of common stock of the Corporation determined by the Committee to be payable pursuant to
paragraph 1 hereof. Payment shall be made following the end of the Performance Period, and in no
event more than two and one-half months following the end of the calendar year in which the
Performance Period ends. In the event that any payment to a U.S. tax-payer with respect to a
Performance Award is considered to be based upon separation from service, and not compensation the
Grantee could receive without separating from service, then such amounts may not be paid until the
first business day of the seventh month following the date of the Grantee’s termination if the
Grantee is a “specified employee” under Section 409A of the Code upon his separation from service.

     3. Transferability: The Grantee shall not sell, transfer, assign, pledge or otherwise
encumber or dispose of any portion of the Performance Award and the right to receive Shares, and
any attempt to sell, transfer, assign, pledge or encumber any portion of the Shares prior to the
payment, if at all, of a stock certificate in the name of the Grantee shall have no effect,
regardless of whether voluntary, involuntary, by operation of law or otherwise.

     4. Change of Control: Notwithstanding any terms or conditions of the Plan or anything to
the contrary stated herein, and in lieu of application of Section 9 of the Plan, in the case of a
Change of Control (as defined in Section 4(F)(1) of the Administrative Regulations) of the
Corporation, (i) the Performance Period shall automatically end, (ii) the actual performance for
the abbreviated Performance Period shall be measured against the established Performance Goals,
without regard to the Committee’s negative discretion, the performance criteria shall be deemed
satisfied only to the extent the actual performance was achieved (the “Achieved Performance
Award”), and the balance of the Performance Award, if any, shall be forfeited, and (iii) the
Achieved Performance Award shall remain subject to forfeiture until the third anniversary of the
Grant of this Performance Award if the Grantee’s employment is terminated after the Change of
Control but before the third anniversary of the date of Grant; provided, however, notwithstanding
the first paragraph of Section 5, (i) if the Grantee’s employment is terminated, other than for
Cause or a voluntary termination in the absence of Good Reason, within 24 months following a Change
of Control, then the Achieved Performance Award shall not be forfeited upon such termination;
rather, the Achieved Performance Award shall vest immediately upon the termination, (ii) if the
Grantee’s employment is terminated by reason of death or Disability, then the Achieved Performance
Award shall not be forfeited upon such death or Disability; rather, the Achieved Performance Award
shall vest immediately upon the Grantee’s death during employment or termination of employment by
reason of Disability; and (iii) if the Grantee’s employment is terminated by reason of Retirement
or Termination with Consent, then a prorated portion of the Achieved Performance Award will vest,
based upon the number of complete months worked during the original Performance Period in relation
to the number of whole months in the original Performance Period and the remainder shall be
forfeited.

     5. Termination of Employment: Unless otherwise determined by the Committee, (i) the
Performance Award is forfeited if the Grantee’s employment is terminated with the employing
company identified above or the Corporation, its Subsidiaries or affiliates (each an “Employing
Company”) during the Performance Period due to a Termination without Consent or Termination for
Cause, and (ii) a prorated value of the Performance Award will vest based upon (x) the number of
complete months worked by the Grantee during the Performance Period, in the event of a Grantee’s
termination of employment during the Performance Period by reason of Retirement or Termination
with Consent, or (y) the schedule contained within the Administrative Regulations, in the event of
a Grantee’s termination of employment during the Performance Period by reason of Death or
Disability, in any case to be calculated and delivered following the end of the relevant
Performance Period in accordance with paragraph 2 hereof, provided that the relevant Performance
Goal for the Performance Period is achieved and subject to the Committee’s negative discretion.
The remaining value of the Performance Award is forfeited immediately upon the Grantee’s
termination of employment without consideration or further action being required of the
Corporation or the Employing Company. Any and all forfeitures shall be evidenced by written
notice to the Grantee.

     Notwithstanding the foregoing, if the Grantee’s employment is terminated following a Potential
Change of Control (as defined in Section 4 (F)(2) of the Administrative Regulations) other than for
Cause or a voluntary termination in the absence of Good Reason and, subsequently, a 409A Change of
Control (as defined in Section 6(E)(i) of the Administrative Regulations) occurs within 24 months
following such termination, then the Performance Award shall vest in accordance with paragraph 4
hereof, but without regard to the Grantee’s continued employment.

     6. Vesting: Subject to Sections 4 and 5, the Grantee must continue as an active employee
of an Employing Company during the Performance Period and through the date on which the Committee
certifies whether the Performance Goal relating to the Performance Period has been achieved,
subject to the Employing Company’s right to terminate the Grantee’s employment at any time,
performing such duties consistent with his capabilities.

     Except as provided in Section 5 of this Agreement, notwithstanding any other terms or conditions of
the Plan, the Administrative Regulations or this Agreement to the contrary, in the event of the
Grantee’s termination of employment (whether or not in breach of local labor laws), the Grantee’s
rights under this Agreement will terminate effective as of the date that the Grantee is no longer
actively employed by an Employing Company and will not be extended by any notice period mandated
under local law (e.g., active employment would not include a period of “garden leave” or similar
period pursuant to local law); the Committee shall have the exclusive discretion to determine when
the Grantee is no longer actively employed for purposes of the Performance Award.

     7. Adjustments: The Target and Maximum number of Shares are subject to adjustment as
provided in Section 8 of the Plan. The Grantee shall be notified of such adjustment and such
adjustment shall be binding upon the Corporation and the Grantee.

     8. Interpretation and Amendments: This Grant and the issuance, vesting and delivery of
Shares are subject to, and shall be administered in accordance with, the provisions of the Plan and
the Administrative Regulations, as the same may be amended by the Committee from time to time,
provided that no amendment may,
without the consent of the Grantee, affect the rights of the Grantee under this Grant in a
materially adverse manner. For purposes of the foregoing sentence, an amendment that affects the
tax treatment of the Performance Award shall not be considered as affecting the Grantee’s rights in
a materially adverse manner. All capitalized terms not otherwise defined herein shall have the
meaning assigned to such terms in the Plan or the Administrative Regulations. In the event of a
conflict between the Plan and the Administrative Regulations, unless this Grant specifies
otherwise, the Plan shall control.

PERFORMANCE AWARD GRANT FORM – April 2009

Page 1

 

 

     9. Compliance with Laws: The obligations of the Corporation and the rights of the Grantee
are subject to all applicable laws, rules and regulations including, without limitation, the U.S.
Securities Exchange Act of 1934, as amended; the U.S. Securities Act of 1933, as amended; the U.S.
Internal Revenue Code of 1986, as amended; and any other applicable laws. No Shares will be issued
or delivered to the Grantee under the Plan unless and until there has been compliance with such
applicable laws.

     10. Acceptance of Grant: The Grant shall not be payable unless it is accepted by the
Grantee and notice of such acceptance is received by the Stock Plan Officer.

     11. Withholding Taxes: Prior to the relevant taxable event, the Grantee shall pay or make
adequate arrangements satisfactory to the Corporation and/or the Employing Company to satisfy all
withholding obligations of the Corporation and/or the Employing Company. In this regard, the
Grantee shall pay any Tax-Related Items directly to the Corporation or the Employing Company in
cash upon request. In addition, the Grantee authorizes the Corporation and/or the Employing
Company, or their respective agents, at their discretion, to satisfy the obligations with regard
to all applicable Tax-Related Items by one or a combination of the following methods: (1)
withholding from Grantee’s wages or other cash compensation paid to Grantee by the Corporation
and/or the Employing Company; (2) withholding from proceeds of the sale of Shares issued upon
payment of the Performance Award either through a voluntary sale or through a mandatory sale
arranged by the Corporation (on the Grantee’s behalf pursuant to this authorization) through such
means as the Corporation may determine in its sole discretion (whether through a broker or
otherwise); or (3) withholding in Shares to be issued upon payment of the Performance Award.

     To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related
Items by considering applicable minimum statutory withholding amounts or other applicable
withholding rates. If the Tax-Related Items are satisfied by withholding in Shares issuable upon
vesting of the Performance Award, for tax purposes, the Grantee is deemed to have been issued the
full number of Shares subject to the Performance Award, notwithstanding that a number of the Shares
are held back solely for the purpose of paying the Tax-Related Items. Finally, the Grantee shall
pay to the Corporation or the Employing Company any amount of Tax-Related Items due as a result of
any aspect of the Grantee’s participation in the Plan. The Grantee understands that no Shares or
proceeds from the sale of Shares shall be delivered to Grantee, notwithstanding the vesting of the
Performance Award, unless and until the Grantee shall have satisfied any obligation for Tax-Related
Items with respect thereto.

     12. Nature of the Grant: Nothing herein shall be construed as giving Grantee any right to
be retained in the employ of an Employing Company or affect any right that the Employing Company
may have to terminate the employment of such Grantee. Further, by accepting this Performance
Award, the Grantee acknowledges that:

	 	a)	 	the grant of the Performance Award is voluntary and occasional and does not create any
contractual or other right to receive future Performance Awards, or benefits in lieu of
Performance Awards, even if Performance Awards have been granted repeatedly in the past;
	 
	 	b)	 	all decisions with respect to future Performance Award grants, if any, will be at the
sole discretion of the Committee;
	 
	 	c)	 	the Grantee is voluntarily participating in the Plan;
	 
	 	d)	 	the Performance Award and the Shares subject to the Performance Award are
extraordinary items which do not constitute compensation of any kind for services of any
kind rendered to the Corporation or to the Employing Company, and which are outside the
scope of the Grantee’s employment contract, if any;
	 
	 	e)	 	the Performance Award and the Shares subject to the Performance Award are not part of
normal or expected compensation or salary for any purpose, including, but not limited to,
calculating any severance, resignation, termination, dismissal, redundancy, end-of-service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments
and in no event should be considered as compensation for, or relating in any way to, past
services for the Corporation or the Employing Company or any Subsidiary or affiliate of
the Corporation;
	 
	 	f)	 	the Performance Award and the Shares subject to the Performance Award are not intended
to replace any pension rights or compensation;
	 
	 	g)	 	the grant of the Performance Award will not be interpreted to form an employment
contract or relationship with the Corporation, the Employing Company or any Subsidiary or
affiliate of the Corporation;
	 
	 	h)	 	the future value of the Shares underlying the Performance Award is unknown and cannot
be predicted with certainty;
	 
	 	i)	 	in consideration of the grant of the Performance Award, no claim or entitlement to
compensation or damages arises from forfeiture of the Performance Award resulting from
termination of the Grantee’s employment by the Corporation or the Employing Company (for
any reason whether or not in breach of applicable labor laws) and the Grantee irrevocably
releases the Corporation and the Employing Company from any such claim that may arise; if,
notwithstanding the foregoing, any such claim is found by a court of competent
jurisdiction to have arisen then, by accepting this Performance Award, the Grantee shall
be deemed irrevocably to have waived his or her entitlement to pursue such a claim;
	 
	 	j)	 	it is the Grantee’s sole responsibility to investigate and comply with any applicable
exchange control laws in connection with the issuance and delivery of Shares pursuant to
the vesting of the Performance Award;
	 
	 	k)	 	the Corporation and the Employing Company are not providing any tax, legal or
financial advice, nor are the Corporation or the Employing Company making any
recommendations regarding the Grantee’s participation in the Plan or the Grantee’s
acquisition or sale of the Shares underlying the Performance Award; and
	 
	 	l)	 	the Grantee is hereby advised to consult with his or her own personal tax, legal and financial
advisors regarding his or her participation in the Plan before taking any action related to the
Plan.

     13. Data Privacy: The Grantee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of his or her personal data as
described in this document by and among, as applicable, any Employing Company and the Corporation
for the exclusive purpose of implementing, administering and managing the Grantee’s participation
in the Plan.

          The Grantee understands that the Employing Company and the Corporation hold certain personal
information about the Grantee, including, but not limited to, Grantee’s name, home address and
telephone number, date of birth, social insurance number or other identification number, salary,
nationality, job title, any Shares or directorships held in the Corporation, details of all
Performance Awards or any other entitlement to Shares awarded, canceled, vested, unvested or
outstanding in Grantee’s favor, as the Employing Company and/or the Corporation deems necessary for
the purpose of implementing, administering and managing the Plan (“Data”). The Grantee
acknowledges and understands that Data may be transferred to any broker as designated by the
Corporation and any third parties assisting in the implementation, administration and management of
the Plan, that these recipients may be located in the Grantee’s country or elsewhere (and outside
the European Economic Area), and that the recipient’s country may have different data privacy laws
and protections than the Grantee’s country. The Grantee understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting the
Grantee’s local human resources representative. The Grantee authorizes the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing the Grantee’s participation in the Plan, including any
requisite transfer of such Data as may be required to a broker or other third party with whom the
Grantee may elect to deposit any Shares acquired upon vesting of the Performance Award. The
Grantee understands that Data will be held only as long as is necessary to implement, administer
and manage the Grantee’s participation in the Plan. The Grantee understands that he or she may, at
any time, view Data, request additional information about the storage and processing of Data,
require any necessary amendments to Data or refuse or withdraw the consents herein, in any case
without cost, by contacting in writing his or her local human resources representative. The
Grantee understands, however, that refusing or withdrawing his or her consent may affect his or her
ability to realize benefits from the Performance Award or otherwise participate in the Plan. For
more information on the consequences of his or her refusal to consent or withdrawal of consent, the
Grantee understands that he or she may contact his or her local human resources representative.

     14. Electronic Delivery: The Corporation may, in its sole discretion, decide to deliver any
documents related to current or future participation in the Plan by electronic means or request the
Grantee’s consent to participate in the Plan by electronic means. The Grantee hereby consents to
receive such documents by electronic delivery and agrees to participate in the Plan through any
on-line or electronic system established and maintained by the Corporation or another third party
designated by the Corporation.

     15. Severability: In the event that any provision in this Agreement is held invalid or
unenforceable, such provision will be severable from, and such invalidity or unenforceability will
not be construed to have any effect on, the remaining provisions of this Agreement.

     16. Language: If the Grantee has received this Agreement or any other document related to
the Plan translated into a language other than English and if the meaning of the translated version
is different than the English version, the English version will control.

     17. Governing Law: This Agreement shall be construed and enforced in accordance with the
laws of the Commonwealth of Pennsylvania, without regard to the conflicts of laws thereof.

     18. Headings: Headings of paragraphs and sections used in this Agreement are for
convenience only and are not part of this Agreement, and must not be used in construing it.

PERFORMANCE AWARD GRANT FORM — April 2009

Page 2

 

 

[Exhibit A to the Performance Award grant form]

EXHIBIT A

Performance Goals* for Performance Period

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Threshold	 	Target	 	Maximum
	 	 	U. S. Steel TSR	 	 	 	 	 	 	 	75th
	Performance	 	Performance Relative	 	< 25th	 	25th	 	50th	 	Percentile or
	Goal	 	to Peer Group	 	Percentile	 	Percentile	 	Percentile	 	Greater
	Payment Levels
	 	% of Target Shares Vested
	 	0%
	 	50%
	 	100%
	 	200%

	 	•	 	The Performance Goal for this Performance Award grant shall be the
Target percentile determined by the Committee comparing United States
Steel Corporation’s Total Shareholder Return to the Total Shareholder
Returns of the Peer Group companies. The payout shall be calculated
in accordance with the Administrative Regulations for the Long-Term
Incentive Compensation Program under the 2005 Stock Incentive Plan
(the “Administrative Regulations”).

Notes:

	 	•	 	Amounts for performance between the 25th and 50th and between the
50th and 75th percentiles will be interpolated.
	 
	 	•	 	Total Shareholder Return (TSR) is calculated in accordance with the Administrative
Regulations.
	 
	 	•	 	Peer Group – As determined by the Compensation Committee at the time of grant.

PERFORMANCE AWARD GRANT FORM — April 2009

A-1

 

 

EXHIBIT B

Additional Terms and Conditions of the

United States Steel Corporation 2005 Stock Incentive Plan

Performance Award Grant Agreement

TERMS AND CONDITIONS

This Exhibit B includes additional terms and conditions that govern the Performance Award granted
to the Grantee under the Plan if he or she resides in one of the countries listed below. Certain
capitalized terms used but not defined in this Exhibit B have the meanings set forth in the Plan,
the Administrative Regulations and/or the Agreement.

NOTIFICATIONS

This Exhibit B also includes information regarding exchange controls and certain other issues of
which the Grantee should be aware with respect to participation in the Plan. The information is
based on the laws in effect in the applicable countries as of April 2009. Such laws are often
complex and change frequently. As a result, the Corporation strongly recommends that the Grantee
not rely on the information in this Exhibit B as the only source of information relating to the
consequences of his or her participation in the Plan because the information may be out of date at
the time that the Grantee vests in the Performance Award or sells Shares acquired under the Plan.

In addition, the information contained herein is general in nature and may not apply to the
Grantee’s particular situation, and the Corporation is not in a position to assure the Grantee of a
particular result. Accordingly, the Grantee is advised to seek appropriate professional advice as
to how the relevant laws in his or her country may apply to the Grantee’s situation.

Finally, if the Grantee is a citizen or resident of a country other than the one in which he or she
is currently working, the information contained herein may not be applicable.

CANADA

TERMS AND CONDITIONS

Performance Award Payable Only in Shares. Notwithstanding any discretion in the Plan or anything to
the contrary in the Agreement, the grant of the Performance Award does not provide any right for
the Grantee to receive a cash payment in settlement of the Performance Award and the Performance
Award is payable in Shares only.

Securities Law Commitment on Sale of Shares.  As a condition of the grant of the Performance Award
and the issuance of any Shares upon vesting of the Performance Award, the Grantee undertakes to
only sell, trade or otherwise dispose of any Shares issued to the Grantee under the Plan in
accordance with applicable Canadian securities laws.  Under current laws, this means that the
Grantee will need to sell any Shares issued under the Plan using the services of a broker or dealer
that is registered under Canadian provincial or territorial securities legislation.  The Grantee
will not be permitted to sell, trade or otherwise dispose of his or her Shares through the
Company’s designated U.S. plan broker, Fidelity Investments, unless such sale, trade or disposal
can be executed in accordance with applicable securities laws.  As legal requirements may be
subject to change, Grantees are encouraged to seek specific advice about their individual situation
before taking any action with respect to Shares issued to them under the Plan.

By accepting this Performance Award, the Grantee expressly agrees that he or she will consult with
a personal legal advisor to address any questions that may arise regarding compliance with this
requirement.  The Grantee understands and agrees that he or she will be liable for any failure to
comply with the foregoing provision.

SERBIA

NOTIFICATIONS

Exchange Control Information. Pursuant to the Law on Foreign Exchange Transactions (effective July
27, 2006), Serbian residents may freely acquire Shares under the Plan, however, the National Bank
of Serbia requires reporting of the acquisition of such Shares, the value of the Shares at payment
and, on a quarterly basis, any changes in the value of the underlying Shares. The Grantee is
advised to consult with a personal legal advisor to determine his or her reporting obligations upon
the acquisition of Shares under the Plan. The Corporation reserves the right to require the
Grantee to report details of the sale of his or her Shares to the Corporation or to follow such
other procedures as may be established by the Corporation to comply with applicable exchange
control regulations.

SLOVAK REPUBLIC

There are no country-specific provisions.

PERFORMANCE AWARD GRANT FORM — April 2009

B-1EX-10.3

Exhibit 10.3

THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.

Non-Qualified Stock Option Grant Agreement

(Long-Term Incentive Compensation Program under the 2005 Stock Incentive Plan)

NOT TRANSFERABLE EXCEPT BY WILL OR BY THE LAWS GOVERNING THE DESCENT AND DISTRIBUTION OF ESTATES

Non-Qualified Stock Option granted by United States Steel Corporation, a Delaware corporation (the “Corporation”), to the optionee identified below (the “Optionee”).

	 	 	 
	Name of Optionee:

	 	PARTICIPANT NAME
	 
	 	 
	Name of Employing Company
on Date Hereof:

	 	(the company recognized by the Corporation as

employing the Optionee on the date hereof)
	 
	 	 
	Number of Shares Subject to Purchase:

	 	# SHARES
	 
	 	 
	Exercise Price of Each Share:

	 	GRANT PRICE
	 
	 	 
	Date of This Option:

	 	GRANT DATE

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

	 	 	 	 	 	 	 	 	 
	United States Steel Corporation	 	 	 	Accepted as of the above date: ACCEPTANCE DATE
	 
	 	 	 	 	 	 	 	 
	By

	 	 

Authorized Officer
	 	 	 	By
	 	PARTICIPANT ES
 
  

Signature of Optionee

TERMS AND CONDITIONS

     1. Grant: Subject to the terms and conditions of the Plan, the Administrative Regulations and this Agreement, the Corporation agrees that the Optionee has the right to
purchase the number of shares of Common Stock of the Corporation set forth in this Option grant for the exercise price stated herein.

     2. Continuous Employment Requirement: The Optionee agrees to continue as an active employee of the employing company identified above or the Corporation, its subsidiaries
or affiliates (each an “Employing Company”) for three years from the date of the Option, subject to the Employing Company’s right to terminate the Optionee’s employment at
any time, performing such duties consistent with his capabilities.

     3. Vesting and Termination of Employment: The Option will become exercisable in annual installments over a three-year vesting period according to the following vesting
schedule: 1/3 of the Option shares shall vest upon the 1st anniversary of the date of the Option, provided that the Optionee is employed by an Employing Company
on such anniversary; an additional 1/3 of the Option shares will vest upon the 2nd anniversary of the date of the Option, provided that the Optionee is employed
by an Employing Company on such anniversary; and an additional 1/3 of the Option shares will vest on the 3rd anniversary of the date of the Option, provided
that the Optionee is employed by an Employing Company on such anniversary, with all fractional Option shares, if any, vesting as whole Option shares upon the latest
vesting date. Any portion of the Option that is exercisable may be exercised in whole or in part from time to time during the Option period. In the event of the exercise
of the Option in whole or in part, the portion of the Option so exercised shall terminate. The Option period shall begin on the date of the Option and shall end, except
as provided in Section 5 hereof, on the first to occur of: (a) ten years thereafter, (b) three years after the date upon which the Optionee ceases to be an employee of an
Employing Company by reason of Retirement, death, Disability or Termination with Consent, or (c) immediately following termination of employment, if termination of
employment is due to Termination without Consent or Termination for Cause. Unless otherwise determined by the Committee, all unvested Options will immediately vest upon
the Optionee’s death during employment or termination of employment by reason of Disability. Unless otherwise determined by the Committee, a prorated number of the
Options scheduled to vest during the current Vesting Year will vest on the vesting date for the current Vesting Year based upon the number of complete months worked during
the Vesting Year in which the Optionee’s termination of employment occurs by reason of Retirement or Termination with Consent. Except as provided in Section 5, the
remaining unvested Option grants are forfeited immediately upon the Optionee’s termination of employment without consideration or further action required of the
Corporation or Employing Company.

          Except as provided in Section 5, and notwithstanding any terms or conditions of the Plan, the Administrative Regulations or this Agreement to the contrary, in the event of
the Optionee’s termination of employment, the Optionee’s right to vest in the Option, if any, will terminate effective as of the date that the Optionee is no longer
actively employed by an Employing Company and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of
“garden leave” or similar period pursuant to local law); furthermore, in the event of termination of the Optionee’s employment (whether or not in breach of local labor
laws), the Optionee’s right to receive shares of Common Stock pursuant to the Option after such termination, if any, will be measured by the date of termination of the
Optionee’s active employment and will not be extended by any notice period mandated under local law; the Committee shall have the exclusive discretion to determine when
the Optionee is no longer actively employed for purposes of the Option.

     4. Payment of Exercise Price. The exercise price shall be paid in cash or such other form of consideration as permitted in the Plan and the Administrative
Regulations, including through the withholding of shares to be acquired upon exercise of the Option, subject to the Stock Plan Officer’s establishment of procedures with
respect thereto; provided however that, if the Optionee is subject to taxation on the benefit received from the Option in a jurisdiction outside the United States, the
Optionee may not pay the exercise price by surrendering shares of Common Stock that he or she already owns or attesting to the ownership of shares of Common Stock. The
Corporation reserves the right to restrict the methods of payment of the exercise price if necessary to comply with applicable local law, as determined by the Corporation
in its sole discretion.

     5. Change of Control: Notwithstanding any terms or conditions of the Plan, the Options shall not become exercisable immediately upon a Change of Control; provided,
however, that, in lieu of application of Section 9 of the Plan, (i) if the Optionee’s employment is terminated within two years following a Change of Control (as defined
in Section 4(F)(1) of the Administrative Regulations) involuntarily (except for Cause) or voluntarily with Good Reason (as defined in Section 4(E)(4)(a) of the
Administrative Regulations), each unvested Option will immediately vest and remain exercisable until the end of its term, and (ii) if the Optionee’s employment is
terminated following a Potential Change of Control (as defined in Section 4 (F)(2) of the Administrative Regulations) and, subsequently, a Change of Control occurs within
24 months following such termination, then each unvested Option shall not be forfeited but shall vest immediately upon the occurrence of the Change of Control and remain
exercisable until the end of its term.

     6. Transferability: During the Optionee’s lifetime, to the extent the Option is exercisable, the Option may be exercised only by the Optionee or by the Optionee’s
guardian or legal representative. Upon the Optionee’s death, the Option may be transferred by will or by the laws governing the descent and distribution of the Optionee’s
estate. Otherwise, the Option may not be transferred, pledged or encumbered and, in the event of an attempt to transfer, pledge or encumber it, the Committee may cancel
it.

STOCK
OPTION GRANT FORM — April 2009

Page 1

 

 

     7. Adjustments: The number of shares subject to the Option and the Option exercise price per share shall be subject to adjustment as
provided in Section 8 of the Plan. The Optionee shall be notified of such adjustment and such adjustment shall be binding upon the
Corporation and the Optionee.

     8. Compliance with Laws: Notwithstanding anything in the Plan, the Administrative Regulations or this Agreement to the contrary, the
obligations of the Corporation and the rights of the Optionee are subject to all applicable laws, rules and regulations including,
without limitation, the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), the U.S. Securities Act of 1933, as
amended, the U.S. Internal Revenue Code of 1986, as amended, and any other applicable laws. No shares of Common Stock will be issued
or delivered to the Optionee under the Plan unless and until there has been compliance with such applicable laws.

     9. Acceptance of Grant: The Option may not be exercised unless it is accepted by the Optionee and notice of such acceptance is
received by the Stock Plan Officer.

     10. Interpretation and Amendments: The Option shall be administered and exercised in accordance with the Plan and the Administrative
Regulations, as the same may be amended by the Committee from time to time, provided that no amendment may, without the consent of the
Optionee, affect the rights of the Optionee under this Option in a materially adverse manner. For purposes of the foregoing sentence,
an amendment that affects the tax treatment of the Option shall not be considered as affecting the Optionee’s rights in a materially
adverse manner. All capitalized terms not otherwise defined herein shall have the meaning assigned to such terms in the Plan or the
Administrative Regulations. In the event of a conflict between the Plan and the Administrative Regulations, unless this Agreement
specifies otherwise, the Plan shall control.

     11. Nature of the Grant: Neither the grant of the Option nor anything else contained in this Agreement shall be deemed to limit or
restrict the right of the Employing Company to terminate the Optionee’s employment at any time, for any reason, with or without cause.
Further, by accepting this Option, the Optionee acknowledges that:

	 	a)	 	the grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of
options, or benefits in lieu of options, even if options have been granted repeatedly in the past;
	 
	 	b)	 	all decisions with respect to future option grants, if any, will be at the sole discretion of the Committee;
	 
	 	c)	 	the Optionee is voluntarily participating in the Plan;
	 
	 	d)	 	the Option and the shares of Common Stock subject to the Option are extraordinary items which do not constitute compensation of any
kind for services of any kind rendered to the Corporation or to the Employing Company, and which are outside the scope of the
Optionee’s employment contract, if any;
	 
	 	e)	 	the Option and the shares of Common Stock subject to the Option are not part of normal or expected compensation or salary for any
purpose, including, but not limited to, calculating any severance, resignation, termination, dismissal, redundancy, end-of-service
payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as
compensation for, or relating in any way to, past services for the Corporation or the Employing Company or any Subsidiary or affiliate
of the Corporation;
	 
	 	f)	 	the Option and the shares of Common Stock subject to the Option are not intended to replace any pension rights or compensation;
	 
	 	g)	 	the grant of the Option will not be interpreted to form an employment contract or relationship with the Corporation, the Employing
Company or any Subsidiary or affiliate of the Corporation;
	 
	 	h)	 	the future value of the shares of Common Stock underlying the Option is unknown and cannot be predicted with certainty; if the
underlying shares do not increase in value, the Option will have no value. If Optionee exercises the Option and obtains shares of
Common Stock, the value of the shares acquired upon exercise may increase or decrease in value, even below the exercise price;
	 
	 	i)	 	in consideration of the grant of the Option, no claim or entitlement to compensation or damages arises from forfeiture of the
Option resulting from termination of the Optionee’s employment by the Corporation or the Employing Company (for any reason whether or
not in breach of applicable labor laws) and the Optionee irrevocably releases the Corporation and the Employing Company from any such
claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen
then, by accepting this Option, the Optionee shall be deemed irrevocably to have waived his or her entitlement to pursue such a claim;
	 
	 	j)	 	it is the Optionee’s sole responsibility to investigate and comply with any applicable exchange control laws in connection with the
issuance and delivery of shares of Common Stock pursuant to the exercise of the Option;
	 
	 	k)	 	the Corporation and the Employing Company are not providing any tax, legal or financial advice, nor are the Corporation or the
Employing Company making any recommendations regarding the Optionee’s participation in the Plan or the Optionee’s purchase or sale of
the shares of Common Stock underlying the Option; and
	 
	 	l)	 	the Optionee is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her
participation in the Plan before taking any action related to the Plan.

     12. Withholding Taxes: Regardless of any action the Corporation or the Employing Company takes with respect to any or all income tax,
social security, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Optionee acknowledges
that the ultimate liability for all Tax-Related Items is and remains his or her responsibility and may exceed the amount withheld by
the Corporation or the Employing Company. Furthermore, the Optionee acknowledges that the Corporation and/or the Employing Company
(a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the
Option, including the grant, vesting, or exercise of the Option or the subsequent sale of shares of Common Stock or receipt of
dividends; and (b) do not commit to and are under no obligation to structure the terms of the grant of the Option or any aspect of the
Optionee’s participation in the Plan to reduce or eliminate his or her liability for Tax-Related Items or to achieve any particular
tax result. Further, if the Optionee has become subject to tax in more than one jurisdiction between the grant date and the date of
any relevant taxable event, the Optionee acknowledges that the Corporation and/or the Employing Company (or former Employing Company,
as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

          Prior to the relevant taxable event, the Optionee shall pay or make adequate arrangements satisfactory to the Corporation and/or the
Employing Company to satisfy all withholding obligations of the Corporation and/or the Employing Company. In this regard, the
Corporation may notify the Optionee of the amount of Tax-Related Items, if any, required under U.S. federal and, where applicable,
state and local or non-U.S. law, and in which case, the Optionee shall, forthwith upon the receipt of such notice, remit the required
amount to the Corporation in cash or in accordance with such regulations as the Committee may prescribe. Alternatively, the Optionee
authorizes the Corporation and/or the Employing Company, or their respective agents, at their discretion, to satisfy the obligations
with regard to all applicable Tax-Related Items by one or a combination of the following methods: (1) withholding from Optionee’s
wages or other cash compensation paid to Optionee by the Corporation and/or the Employing Company; (2) withholding from proceeds of
the sale of shares issued upon exercise of the Option either through a voluntary sale or through a mandatory sale arranged by the
Corporation (on Optionee’s behalf pursuant to this authorization) through such means as the Corporation may determine in its sole
discretion (whether through a broker or otherwise); or (3) withholding in shares to be issued upon exercise of the Option.

          To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering applicable
minimum statutory withholding amounts or other applicable withholding rates. If the Tax-Related Items are satisfied by withholding
in shares issuable upon exercise of the Option, for tax purposes, the Optionee is deemed to have been issued the full number of shares
of Common Stock subject to the exercised Option, notwithstanding that a number of the shares are held back solely for the purpose of
paying the Tax-Related Items. Finally, the Optionee shall pay to the Corporation or the Employing Company any amount of Tax-Related
Items that the Corporation or the Employing Company may be required to withhold as a result of Optionee’s participation in the Plan or
Optionee’s purchase of shares that cannot be satisfied by the means previously described. The Optionee understands that no shares of
Common Stock or proceeds from the sale of shares of Common Stock shall be delivered to Optionee, notwithstanding the exercise thereof,
unless and until the Optionee shall have satisfied any obligation for Tax-Related Items with respect thereto.

STOCK
OPTION GRANT FORM — April 2009

Page 2

 

 

     13. Data Privacy: The
Optionee hereby
explicitly and
unambiguously
consents to the
collection, use and
transfer, in
electronic or other
form, of his or her
personal data as
described in this
document by and
among, as applicable,
any Employing Company
and the Corporation
for the exclusive
purpose of
implementing,
administering and
managing the
Optionee’s
participation in the
Plan.

          The Optionee
understands that the
Employing Company and
the Corporation hold
certain personal
information about the
Optionee, including,
but not limited to,
Optionee’s name, home
address and telephone
number, date of
birth, social
insurance number or
other identification
number, salary,
nationality, job
title, any shares or
directorships held in
the Corporation,
details of all
options or any other
entitlement to shares
awarded, canceled,
vested, unvested or
outstanding in
Optionee’s favor, as
the Employing Company
and/or the
Corporation deems
necessary for the
purpose of
implementing,
administering and
managing the Plan
(“Data”). The
Optionee acknowledges
and understands that
Data may be
transferred to any
broker as designated
by the Corporation
and any third parties
assisting in the
implementation,
administration and
management of the
Plan, that these
recipients may be
located in the
Optionee’s country or
elsewhere (and
outside the European
Economic Area), and
that the recipient’s
country may have
different data
privacy laws and
protections than the
Optionee’s country.
The Optionee
understands that he
or she may request a
list with the names
and addresses of any
potential recipients
of the Data by
contacting the
Optionee’s local
human resources
representative. The
Optionee authorizes
the recipients to
receive, possess,
use, retain and
transfer the Data, in
electronic or other
form, for the
purposes of
implementing,
administering and
managing the
Optionee’s
participation in the
Plan, including any
requisite transfer of
such Data as may be
required to a broker
or other third party
with whom the
Optionee may elect to
deposit any shares of
Common Stock acquired
upon exercise of the
Option. The Optionee
understands that Data
will be held only as
long as is necessary
to implement,
administer and manage
the Optionee’s
participation in the
Plan. The Optionee
understands that he
or she may, at any
time, view Data,
request additional
information about the
storage and
processing of Data,
require any necessary
amendments to Data or
refuse or withdraw
the consents herein,
in any case without
cost, by contacting
in writing his or her
local human resources
representative. The
Optionee understands,
however, that
refusing or
withdrawing his or
her consent may
affect his or her
ability to realize
benefits from the
Option or otherwise
participate in the
Plan. For more
information on the
consequences of his
or her refusal to
consent or withdrawal
of consent, the
Optionee understands
that he or she may
contact his or her
local human resources
representative.

     14. Electronic
Delivery: The
Corporation may, in
its sole discretion,
decide to deliver any
documents related to
current or future
participation in the
Plan or request the
Optionee’s consent to
participate in the
Plan by electronic
means. The Optionee
hereby consents to
receive such
documents by
electronic delivery
and agrees to
participate in the
Plan through any
on-line or electronic
system established
and maintained by the
Corporation or
another third party
designated by the
Corporation.

     15. Language: If the Optionee has received this Agreement or any other document related to the Plan translated into a
language other than English and if the meaning of the translated version is different than the English version, the English
version will control.

     16. Severability: In the event that any provision in this Agreement is held invalid or unenforceable, such provision will
be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining
provisions of this Agreement.

     17. Governing Law: This Agreement shall be construed and enforced in
accordance with the laws of the Commonwealth of Pennsylvania, without regard to
the conflicts of laws thereof.

     18. Section 409A.
Notwithstanding any
other provision of
the Plan, the
Administrative
Regulations or this
Agreement, the Plan,
the Administrative
Regulations and this
Agreement shall be
interpreted in
accordance with, and
incorporate the terms
and conditions
required by, Section
409A of the U.S.
Internal Revenue Code
of 1986, as amended
(together with any
Department of
Treasury regulations
and other
interpretive guidance
issued thereunder,
including without
limitation any such
regulations or other
guidance that may be
issued after the date
hereof, “Section
409A”). The
Corporation reserves
the right, to the
extent the
Corporation deems
necessary or
advisable in its sole
discretion, to
unilaterally amend or
modify the Plan, the
Administrative
Regulations or this
Agreement or adopt
other policies and
procedures (including
amendments, policies
and procedures with
retroactive effect),
or take any other
actions, as the
Committee determines
are necessary or
appropriate to ensure
that this Option
qualifies for
exemption from, or
complies with the
requirements of,
Section 409A;
provided, however,
that the Corporation
makes no
representation that
the Option will be
exempt from, or will
comply with, Section
409A, and makes no
undertakings to
preclude Section 409A
of the Code from
applying to the
Option or to ensure
that it complies with
Section 409A.

     19. Headings:
Headings of
paragraphs and
sections used in this
Agreement are for
convenience only and
are not part of this
Agreement, and must
not be used in
construing it.

STOCK
OPTION GRANT FORM — April 2009

Page 3

 

 

EXHIBIT A

Additional Terms and Conditions of the

United States Steel Corporation 2005 Stock Incentive Plan

Non-Qualified Stock Option Grant Agreement

TERMS AND CONDITIONS

This Exhibit A includes additional terms and conditions that govern the Option granted to the
Optionee under the Plan if he or she resides in one of the countries listed below. Certain
capitalized terms used but not defined in this Exhibit A have the meanings set forth in the Plan,
the Administrative Regulations and/or the Agreement.

NOTIFICATIONS

This Exhibit A also includes information regarding exchange controls and certain other issues of
which the Optionee should be aware with respect to participation in the Plan. The information is
based on the laws in effect in the applicable countries as of April 2009. Such laws are often
complex and change frequently. As a result, the Corporation strongly recommends that the Optionee
not rely on the information in this Exhibit A as the only source of information relating to the
consequences of his or her participation in the Plan because the information may be out of date at
the time that the Optionee exercises in the Option or sells shares of Common Stock acquired under
the Plan.

In addition, the information contained herein is general in nature and may not apply to the
Optionee’s particular situation, and the Corporation is not in a position to assure the Optionee of
a particular result. Accordingly, the Optionee is advised to seek appropriate professional advice
as to how the relevant laws in his or her country may apply to the Optionee’s situation.

Finally, if the Optionee is a citizen or resident of a country other than the one in which he or
she is currently working, the information contained herein may not be applicable.

CANADA

Option Payable Only in Shares. Notwithstanding any discretion in the Plan or anything to the
contrary in the Agreement, the grant of the Option does not provide any right for the Grantee to
receive a cash payment in settlement of the Option upon exercise and the Option is payable in
shares of Common Stock only.

Securities Law Commitment on Sale of Shares. As a condition of the grant of the Option and the
issuance of shares of Common Stock upon exercise of the Option, the Optionee undertakes to only
sell, trade or otherwise dispose of any shares of Common Stock issued to the Optionee under the
Plan in accordance with applicable Canadian securities laws. Under current laws, this means that
the Optionee will need to sell any shares of Common Stock issued under the Plan using the services
of a broker or dealer that is registered under Canadian provincial or territorial securities
legislation. The Optionee will not be permitted to sell, trade or otherwise dispose of his or her
shares through the Company’s designated U.S. plan broker, Fidelity Investments, unless such sale,
trade or disposal can be executed in accordance with applicable securities laws. This restriction
applies equally to all shares of Common Stock or other securities issued to the Optionee under the
terms of the Plan. As legal requirements may be subject to change, Optionees are encouraged to
seek specific advice about their individual situation before taking any action with respect to
securities issued to them under the Plan.

By accepting this Option, the Optionee expressly agrees that he or she will consult with a personal
legal advisor to address any questions that may arise regarding compliance with this requirement.
The Optionee understands and agrees that he or she will be liable for any failure to comply with
the foregoing provision.

Payment of Exercise Price. Due to current Canadian securities law requirements, notwithstanding
any other provision in the Plan, the Administrative Regulations or the Agreement, permissible
methods of payment of the exercise price include: (i) cash, (ii) check and/or (iii) any other
method approved by the Company. Prior to exercising the Option, the Optionee should contact his or
her local human resources administrator to confirm the methods of exercise available to the
Optionee under local law.

SERBIA

NOTIFICATIONS

Exchange Control Information. Pursuant to the Law on Foreign Exchange Transactions (effective July
27, 2006), Serbian residents may freely acquire shares of Common Stock under the Plan, however, the
National Bank of Serbia requires reporting of the acquisition of such shares, the value of the
shares at exercise and, on a quarterly basis, any changes in the value of the underlying shares.
The Optionee is advised to consult with a personal legal advisor to determine his or her reporting
obligations upon the acquisition of shares of Common Stock under the Plan. The Corporation
reserves the right to require the Optionee to report details of the sale of his or her Shares to
the Corporation or to follow such other procedures as may be established by the Corporation to
comply with applicable exchange control regulations.

SLOVAK REPUBLIC

There are no country-specific provisions.

STOCK
OPTION GRANT FORM — April 2009

A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]