Document:

EX-10.2

 Exhibit 10.2 

EXECUTIVE EMPLOYMENT AGREEMENT 

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into between NUCOR CORPORATION, a Delaware
corporation with its principal place of business in Charlotte, North Carolina, on behalf of itself and each of its affiliates and subsidiaries (all such entities, collectively, “Nucor”), and CHAD UTERMARK
(“Executive”), a resident of Arkansas as of the date hereof, but who will be relocating to the Charlotte, North Carolina area pursuant to the performance of his duties following his promotion discussed herein. 

WHEREAS, Executive has heretofore been employed at Nucor Corporation’s Nucor-Yamato Steel Company subsidiary as an at-will employee of
Nucor in the position of Vice President of Nucor Corporation and General Manager of Nucor-Yamato Steel Company (the “Prior Position”); and 

WHEREAS, Nucor has offered Executive a promotion to the position of Executive Vice President of Beam and Plate Products effective May 11,
2014, contingent upon Executive’s execution of this Agreement, and Executive has accepted the promotion; and 
 WHEREAS, Nucor
Corporation’s Board of Directors (the “Board”) has approved Executive’s promotion to the position of Executive Vice President of Beam and Plate Products contingent upon Executive’s execution of this Agreement; and

 WHEREAS, prior to the effective date of the promotion, Executive and Nucor discussed the requirements of the restrictive covenants
contained in this Agreement as a condition to Executive’s promotion; and 
 WHEREAS, Nucor’s promotion of Executive entitles
Executive to receive increased compensation and benefits that Executive did not have prior to his promotion; and 
 WHEREAS, Executive
agrees and acknowledges that in his new position of Executive Vice President of Beam and Plate Products he will acquire greater access to and knowledge of Nucor’s trade secrets and confidential information which Executive did not have prior to
his promotion; and 
 WHEREAS, the parties wish to formalize their employment relationship in writing and for Nucor to employ Executive
under the terms and conditions set forth below; and 
 NOW, THEREFORE, in consideration for the promises and mutual agreements contained
herein, the parties agree, effective as of May 11, 2014, as follows: 
 1. Employment. Nucor agrees to employ Executive in the
position of Executive Vice President of Beam and Plate Products, and Executive agrees to accept employment in this position, subject to the terms and conditions set forth in this Agreement, including the confidentiality, non-competition and
non-solicitation provisions which Executive acknowledges were discussed in detail prior to and made an express condition of his promotion to Executive Vice President of Beam and Plate Products. Executive acknowledges that the Board’s approval
of Executive’s promotion to Executive Vice President of Beam and Plate Products is conditioned upon Executive’s execution of this Agreement. 

2. Compensation and Benefits During Employment. Nucor will provide the following compensation and benefits to Executive: 

(a) Nucor will pay Executive a base salary of Three Hundred Forty Four Thousand Five Hundred Dollars ($344,500) per year, paid
not less frequently than monthly in accordance 

 
with Nucor’s normal payroll practices, subject to withholding by Nucor and other deductions as required by law. The parties acknowledge and agree that this amount exceeds the base salary
Executive was entitled to receive in the Prior Position. Executive’s base salary is subject to adjustment up or down by the Board at its sole discretion and without notice to Executive. 

(b) Executive will be a participant in, and eligible to receive awards of incentive compensation under and in accordance with
the applicable terms and conditions of, Nucor’s senior officer annual and long term incentive compensation plans, as modified from time to time by, and in the sole discretion of, the Board. 

(c) Executive shall be a participant in, and eligible to receive awards of equity-based compensation under and in accordance
with the applicable terms and conditions of, Nucor’s senior officer equity incentive compensation plans, as modified from time to time by, and in the sole discretion of, the Board. 

(d) Executive will be eligible for those employee benefits that are generally made available by Nucor to its executive
officers. 
 3. Compensation Following Termination. 

(a) From the date of Executive’s termination of employment with Nucor, whether by Executive or Nucor for any or no reason,
and provided that (i) Executive executes and returns to Nucor a separation and release agreement in form and substance satisfactory to Nucor, in its sole discretion, releasing any and all claims Executive has or may have against Nucor at the
time of his termination of employment from Nucor, (ii) Executive is employed as an Executive Vice President of Nucor at the time of Executive’s termination of employment with Nucor, and (iii), except in the event Executive’s
employment with Nucor is terminated in accordance with applicable laws, rules and regulations due to Executive’s disability, Executive is at least fifty eight (58) years of age and has served as an Executive Vice President of Nucor for at
least five (5) consecutive years at the time of Executive’s termination of employment with Nucor (the “Monthly Payment Requirements”), Nucor will pay Executive the Monthly Amount (as defined below) for twenty-four
(24) months following Executive’s termination. Nucor shall have no obligation to make any payments of the Monthly Amount if, at the time of Executive’s termination of employment with Nucor, all of the Monthly Payment Requirements are
not satisfied. The “Monthly Amount” shall be an amount equal to (i) the product of (A) the amount of Executive’s highest base salary level during the twelve (12) month period immediately prior to his date of
termination, multiplied by (B) 3.36, (ii) divided by twelve (12). Subject to the provisions of Section 24 of this Agreement, the payments of any Monthly Amount due shall be made at the end of each month following Executive’s
termination of employment with Nucor on Nucor’s regular monthly payroll date. 
 (b) In exchange for Nucor’s
agreement to pay the Monthly Amount as set forth in this Section 3, and other good and valuable consideration, including without limitation the compensation and benefits set forth in Section 2 of this Agreement, Executive agrees to
strictly abide by the terms of Sections 8 through 13 of this Agreement. 
 (c) If Executive is employed by Nucor at the time
of Executive’s death, Nucor’s obligations to make any payments of the Monthly Amount under this Agreement will automatically terminate and Executive’s estate and executors will have no rights to any payments of the Monthly Amount
under this Agreement. If Executive dies during the first twelve (12) months following Executive’s termination from employment with Nucor, then Nucor will pay 

  
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Executive’s estate the payments of the Monthly Amount due pursuant to Section 3(a) of this Agreement through the end of the twelfth
(12th) month following Executive’s termination from employment with Nucor. If Executive dies twelve (12) or more months after termination of Executive’s employment with Nucor,
then Nucor’s obligations to make any payments of the Monthly Amount under Section 3(a) of this Agreement will automatically terminate without the necessity of Nucor providing notice, written or otherwise. 

(d) The amounts payable pursuant to this Section 3 of this Agreement shall be in addition to and not in lieu of any
amounts payable to Executive pursuant to the Nucor Corporation Severance Plan for Senior Officers and General Managers (the “Severance Plan”), which payments, if any, shall be governed by the terms and conditions of the Severance
Plan. 
 4. Duties and Responsibilities; Best Efforts. While employed by Nucor, Executive shall perform such duties for and on behalf
of Nucor as may be determined and assigned to Executive from time to time by the Chief Executive Officer of Nucor Corporation or the Board. Executive shall devote his full time and best efforts to the business and affairs of Nucor. During the term
of Executive’s employment with Nucor, Executive will not undertake other paid employment or engage in any other business activity without the prior written consent of the Board. 

5. Employment at Will. The parties acknowledge and agree that this Agreement does not create employment for a definite term and that
Executive’s employment with Nucor is at will and terminable by Nucor or Executive at any time, with or without cause and with or without notice, unless otherwise expressly set forth in a separate written agreement executed by Executive and
Nucor after the date of this Agreement. 
 6. Change in Executive’s Position. In the event that Nucor transfers, demotes,
promotes, or otherwise changes Executive’s compensation or position with Nucor, the restrictions and post-termination obligations set forth in Sections 8 through 13 of this Agreement shall remain in full force and effect. 

7. Recognition of Nucor’s Legitimate Interests. Executive understands and acknowledges that Nucor competes in North America and
throughout the world in the research, manufacture, fabrication, marketing, sale, distribution and/or placement of steel or steel products (including but not limited to flat-rolled steel, steel shapes, structural steel, light gauge steel framing,
steel plate, steel beams and pilings, rail ties, steel joists and girders, steel deck, steel fasteners, metal building systems, wire rod, welded-wire reinforcement rolls and sheets, cold finished steel bars and wire, special quality bar products,
guard rail, fabricated concrete reinforcement bars, and structural welded-wire reinforcement) or steel or steel product inputs (including but not limited to scrap metal and direct reduced iron ) (all such activities, collectively, the
“Business”). As part of Executive’s employment with Nucor, Executive acknowledges he will continue to have access to and gain knowledge of significant secret, confidential and proprietary information of the full range of
operations of Nucor. In addition, Executive will continue to have access to training opportunities, contact with vendors, customers and prospective vendors and customers of Nucor, in which capacity he is expected to develop good relationships with
such vendors, customers and prospective vendors and customers, and will gain intimate knowledge regarding the products and services of Nucor. Executive recognizes and agrees that Nucor has spent and will continue to spend substantial effort, time
and money in developing relationships with its vendors and customers, that many such vendors and customers have long term relationships with Nucor, and that all vendors, customers and accounts that Executive may deal with during his employment with
Nucor, are the vendors, customers and accounts of Nucor. Executive acknowledges that Nucor’s competitors would obtain an unfair advantage if Executive disclosed Nucor’s Secret Information or Confidential Information (as defined in Sections
8 and 9, respectively) to a competitor, used it on a competitor’s behalf, or if he were able to exploit the relationships he develops as an employee of Nucor to solicit business on behalf of a competitor. 

  
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 8. Covenant Regarding Nucor’s Secret Information. Executive recognizes and agrees
that he will have continued access to certain sensitive and confidential information of Nucor (a) that is not generally known in the steel business, which would be difficult for others to acquire or duplicate without improper means,
(b) that Nucor strives to keep secret, and (c) from which Nucor derives substantial commercial benefit because of the fact that it is not generally known (the “Secret Information”), including without limitation:
(i) Nucor’s process of developing and producing raw material, and designing and manufacturing steel and iron products; (ii) Nucor’s process for treating, processing or fabricating steel and iron products; (iii) Nucor’s
non-public financial data, strategic business plans, competitor analysis, sales and marketing data, and proprietary margin, pricing, and cost data; and (iv) any other information or data which meets the definition of “trade secrets”
under the North Carolina Trade Secrets Protection Act. Executive agrees that unless he is expressly authorized by Nucor in writing, Executive will not use or disclose or allow to be used or disclosed Nucor’s Secret Information. This covenant
shall survive until the Secret Information is generally known in the industry through no act or omission of the Executive or until Nucor knowingly authorizes the disclosure of or discloses the Secret Information, without any limitations on use or
confidentiality. Executive acknowledges that he did not have knowledge of Nucor’s Secret Information prior to his employment with Nucor and that the Secret Information does not include Executive’s general skills and know-how. 

9. Agreement to Maintain Confidentiality. 

(a) As used in this Agreement, “Confidential Information” shall include all confidential and proprietary
information of Nucor, including, without limitation, any of the following information to the extent not generally known to third persons: financial and budgetary information and strategies; plant design, specifications, and layouts; equipment
design, specifications, and layouts; product design and specifications; manufacturing processes, procedures, and specifications; data processing or other computer programs; research and development projects; marketing information and strategies;
customer lists; vendor lists; information about customer preferences and buying patterns; information about prospective customers, vendors and prospective vendors, or business opportunities; information about Nucor’s costs and the pricing
structure used in sales to customers; information about Nucor’s overall corporate business strategy; and technological innovations used in Nucor’s business, to the extent that such information does not fall within the definition of Secret
Information. 
 (b) During Executive’s employment with Nucor and at all times after the termination of Executive’s
employment with Nucor, (i) Executive covenants and agrees to treat as confidential all Confidential Information submitted to Executive or received, compiled, developed, designed, produced, accessed, or otherwise discovered by the Executive from
time to time while employed by Nucor, and (ii) Executive will not disclose or divulge the Confidential Information to any person, entity, firm or company whatsoever or use the Confidential Information for Executive’s own benefit or for the
benefit of any person, entity, firm or company other than Nucor. This restriction will apply throughout the world; provided, however, that if the restrictions of this Section 9(b) when applied to any specific piece of Confidential
Information would prevent Executive from using his general knowledge or skills in competition with Nucor or would otherwise substantially restrict the Executive’s ability to fairly compete with Nucor, then as to that piece of Confidential
Information only, the scope of this restriction will apply only for the Restrictive Period (as defined below) and only within the Restricted Territory (as defined below). 

  
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 (c) Executive specifically acknowledges that the Confidential Information,
whether reduced to writing or maintained in the mind or memory of Executive, and whether compiled or created by Executive, Nucor, or any of its vendors, customers, or prospective vendors or customers derives independent economic value from not being
readily known to or ascertainable by proper means by others who could obtain economic value from the disclosure or use of the Confidential Information. Executive also acknowledges that reasonable efforts have been put forth by Nucor to maintain the
secrecy of the Confidential Information, that the Confidential Information is and will remain the sole property of Nucor or any of its vendors, customers or prospective vendors or customers, as the case may be, and that any retention and/or use of
Confidential Information during or after the termination of Executive’s employment with Nucor (except in the regular course of performing his duties hereunder) will constitute a misappropriation of the Confidential Information belonging to
Nucor. Executive acknowledges and agrees that if he (i) accesses Confidential Information on any Nucor computer system within thirty (30) days prior the effective date of his voluntary resignation of employment with Nucor and
(ii) transmits, copies or reproduces such Confidential Information in any manner or deletes any such Confidential Information, he is exceeding his authorized access to such computer system. 

10. Noncompetition. 

(a) Executive hereby agrees that for the duration of Executive’s employment with Nucor, and for a period of twenty-four
(24) months thereafter (the “Restrictive Period”), Executive will NOT, within the Restricted Territory, do any of the following: 

(i) engage in, whether as an employee, consultant, or in any other capacity, any business activity (A) that is the same
as, or is in direct competition with, any portion of the Business, and (B) in which Executive engaged in during the course of his employment with Nucor (any such activities described in this Section 10(a)(i), “Competing
Activities”); 
 (ii) commence, establish or own (in whole or in part) any business that engages in any Competing
Activities, whether (i) by establishing a sole proprietorship, (ii) as a partner of a partnership, (iii) as a member of a limited liability company, (iv) as a shareholder of a corporation (except to the extent Executive is the
holder of not more than five percent (5%) of any class of the outstanding stock of any company listed on a national securities exchange so long as Executive does not actively participate in the management or business of any such entity) or
(v) as the owner of any similar equity interest in any such entity; 
 (iii) provide any public endorsement of, or
otherwise lend Executive’s name for use by, any person or entity engaged in any Competing Activities; or 
 (iv) engage
in work that would inherently call on him in the fulfillment of his duties and responsibilities to reveal, rely upon, or otherwise use any Confidential Information or Secret Information. 

(b) For purposes of this Agreement: 

(i) The term “Restricted Territory” means Executive’s geographic area of responsibility at Nucor which
Executive acknowledges extends to the full scope of Nucor operations throughout the world. “Restricted Territory” therefore consists of the following alternatives reasonably necessary to protect Nucor’s legitimate business
interests: 
 (A) Western Europe, the Middle East, South America, Central America and North America, where Executive
acknowledges Nucor engages in the Business, but if such territory is deemed overbroad by a court of law, then 

  
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 (B) The United States, Canada, Mexico, Guatemala, Honduras, the Dominican
Republic, Costa Rica, Colombia, Argentina and Brazil, where Executive acknowledges Nucor engages in the Business, but if such territory is deemed overbroad by a court of law, then; 

(C) The United States, Canada and Mexico, where Executive acknowledges Nucor engages in the Business, but if such territory is
deemed overbroad by a court of law, then; 
 (D) The contiguous United States, where Executive acknowledges Nucor engages in
the Business, but if such territory is deemed overbroad by a court of law, then; 
 (E) Any state in the United States
located within a three hundred (300) mile radius of a Nucor plant or facility that engages in any aspect of the Business, but if such territory is deemed overbroad by a court of law, then; 

(F) Any state in the United States where a Customer or Prospective Customer is located. 

(ii) The term “Customer” means the following alternatives: 

(A) any and all customers of Nucor with whom Nucor is doing business at or immediately prior to the time of Executive’s
termination of employment with Nucor, but if such definition is deemed overbroad by a court of law, then; 
 (B) any
customer of Nucor with whom Executive or Executive’s direct reports had significant contact or with whom Executive or Executive’s direct reports directly dealt on behalf of Nucor at or immediately prior to the time of Executive’s last
date of full time employment with Nucor, but if such definition is deemed overbroad by a court of law, then; 
 (C) any
customer of Nucor with whom Executive had significant contact or with whom Executive directly dealt on behalf of Nucor at or immediately prior to the time of Executive’s last date of full time employment with Nucor but if such definition is
deemed overbroad by a court of law, then; 
 (D) any customer of Nucor about whom Executive had obtained Secret Information
or Confidential Information by virtue of his employment with Nucor and with whom Executive had significant contact or with whom Executive directly dealt on behalf of Nucor at or immediately prior to the time of Executive’s last date of full
time employment; 

  
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 Provided, however, that the term “Customer” shall not
include any business or entity that no longer does business with Nucor without any direct or indirect interference by Executive or violation of this Agreement by Executive, and that ceased doing business with Nucor prior to any direct or indirect
communication or contact by Executive. 
 (iii) The term “Prospective Customer” means any person or entity
who does not currently or has not yet purchased the products or services of Nucor, but who, at or immediately prior to the time of Executive’s last date of full-time employment with Nucor has been targeted by Nucor as a potential user of the
products or services of Nucor, and whom Executive or his direct reports participated in the solicitation of or on behalf of Nucor. 

(iv) The term “solicit” means to initiate contact for the purpose of promoting, marketing, or selling products
or services similar to those Nucor offered during the tenure of Executive’s employment with Nucor or to accept business from Customers or Prospective Customers. 

(c) Executive specifically agrees that the post-termination obligations and restrictions in this Section 10 and in
Sections 8, 9, 11, 12 and 13 will apply to Executive regardless of whether termination of employment is initiated by Nucor or Executive and regardless of the reason for termination of Executive’s employment. Further, Executive acknowledges and
agrees that Nucor’ s payments of the compensation described in Section 3, as well as any payments under the Severance Plan, are intended to compensate Executive for the limitations on Executive’s competitive activities described in
this Section 10 and Sections 11 and 12 for the Restrictive Period regardless of the reason for termination. Thus, for example, in the event that Nucor terminates Executive’s employment without cause, Executive expressly agrees that the
obligations and restrictions in this Section 10 and Sections 8, 9, 11, 12 and 13 will apply to Executive notwithstanding the reasons or motivations of Nucor in terminating Executive’s employment. 

11. Nonsolicitation. Executive hereby agrees that for the duration of Executive’s employment with Nucor, and for the Restrictive
Period, Executive will NOT, within the Restricted Territory, do any of the following: 
 (a) solicit, contact, or attempt to
influence any Customer to limit, curtail, cancel, or terminate any business it transacts with, or products it receives from Nucor; 

(b) solicit, contact, or attempt to influence any Prospective Customer to terminate any business negotiations it is having with
Nucor, or to otherwise not do business with Nucor; 
 (c) solicit, contact, or attempt to influence any Customer to purchase
products or services from an entity other than Nucor, which are the same or substantially similar to, or otherwise in competition with, those offered to the Customer by Nucor; or 

(d) solicit, contact, or attempt to influence any Prospective Customer to purchase products or services from an entity other
than Nucor, which are the same or substantially similar to, or otherwise in competition with, those offered to the Prospective Customer by Nucor. 

12. Antipiracy. 

(a) Executive agrees for the duration of the Restrictive Period, Executive will not,

  
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directly or indirectly, encourage, contact, or attempt to induce any employees of Nucor (i) with whom Executive had regular contact with at or immediately prior to the time of
Executive’s last date of full time employment with Nucor, and (ii) who are employed by Nucor at the time of the encouragement, contact or attempted inducement, to end their employment relationship with Nucor. 

(b) Executive further agrees for the duration of the Restrictive Period not to hire for any reason any employees described in
Section 12(a) of this Agreement. 
 13. Assignment of Intellectual Property Rights. 

(a) Executive hereby assigns to Nucor Executive’s entire right, title and interest, including copyrights and patents, in
any idea, invention, design of a useful article (whether the design is ornamental or otherwise), and any other work of authorship (collectively the “Developments”), made or conceived solely or jointly by Executive at any time during
Executive’s employment by Nucor (whether prior or subsequent to the execution of this Agreement), or created wholly or in part by Executive, whether or not such Developments are patentable, copyrightable or susceptible to other forms of
protection, where the Developments: (i) were developed, invented, or conceived within the scope of Executive’s employment with Nucor; (ii) relate to Nucor’s actual or demonstrably anticipated research or development; or
(iii) result from any work performed by Executive on Nucor’s behalf. 
 (b) The assignment requirement in
Section 13(a) shall not apply to an invention that Executive developed entirely on his own time without using Nucor’s equipment, supplies, facilities or Secret Information or Confidential Information except for those inventions that
(i) relate to Nucor’s business or actual or demonstrably anticipated research or development, or (ii) result from any work performed by Executive for Nucor. 

(c) In connection with any of the Developments assigned pursuant to Section 13(a): (i) Executive will promptly
disclose them to Nucor’s management; and (ii) Executive will, on Nucor’s request, promptly execute a specific assignment of title to Nucor or its designee, and do anything else reasonably necessary to enable Nucor or its designee to
secure a patent, copyright, or other form of protection therefore in the United States and in any other applicable country. 

(d) Nothing in this Section 13 is intended to waive, or shall be construed as waiving, any assignment of any Developments
to Nucor implied by law. 
 14. Severability. It is the intention of the parties to restrict the activities of Executive only to the
extent reasonably necessary for the protection of Nucor’s legitimate interests. The parties specifically covenant and agree that should any of the provisions in this Agreement be deemed by a court of competent jurisdiction too broad for the
protection of Nucor’s legitimate interests, the parties authorize the court to narrow, limit or modify the restrictions herein to the extent reasonably necessary to accomplish such purpose. In the event such limiting construction is impossible,
such invalid or unenforceable provision shall be deemed severed from this Agreement and every other provision of this Agreement shall remain in full force and effect. 

15. Enforcement. Executive understands and agrees that any breach or threatened breach by Executive of any of the provisions of
Sections 8 through 13 of this Agreement shall be considered a material breach of this Agreement, and in the event of such a breach or threatened breach of this Agreement, Nucor shall be entitled to pursue any and all of its remedies under law or in
equity arising out of such breach. If Nucor pursues either a temporary restraining order or temporary injunctive relief, then 

  
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Executive agrees to expedited discovery with respect thereto and waives any requirement that Nucor post a bond. Executive further agrees that in the event of his breach of any of the provisions
of Sections 8 through 13 of this Agreement, unless otherwise prohibited by law: 
 (a) Nucor shall be entitled to
(i) cancel any unexercised stock options granted under any senior officer equity incentive compensation plan from and after the date of this Agreement (the “Post-Agreement Date Option Grants”), (ii) cease payment of any
Monthly Amounts otherwise due hereunder, (iii) seek other appropriate relief, including, without limitation, repayment by Executive of any (A) Monthly Amounts already paid hereunder and (B) benefits already paid under any severance
plan (including the Severance Plan) or similar benefit plans; and 
 (b) Executive shall (i) forfeit any
(A) unexercised Post-Agreement Date Option Grants and (B) any shares of restricted stock or restricted stock units granted under any senior officer equity incentive compensation plan that vested during the six (6) month period
immediately preceding Executive’s termination of employment (the “Vested Stock”) and (ii) forfeit and immediately return upon demand by Nucor any profit realized by Executive from the exercise of any Post-Agreement
Date Option Grants or sale or exchange of any Vested Stock during the six (6) month period preceding Executive’s breach of any of the provisions of Sections 8 through 13 of this Agreement. 

Executive agrees that any breach or threatened breach of any of the provisions of Sections 8 through 13 will cause Nucor irreparable harm which cannot be
remedied through monetary damages and the alternative relief set forth in Sections 15(a) and (b) shall not be considered an adequate remedy for the harm Nucor would incur. Executive further agrees that such remedies in Sections 15(a) and
(b) will not preclude injunctive relief. 
 If Executive breaches or threatens to breach any of the provisions of Sections 10, 11 or 12 of this
Agreement and Nucor obtains an injunction, preliminary or otherwise, ordering Executive to adhere to the restrictive period required by the applicable paragraph, then the applicable restrictive period will be extended by the number of days that have
elapsed from the date of Executive’s termination until the time the injunction is granted. 
 Executive further agrees, unless otherwise prohibited by
law, to pay Nucor’s attorneys’ fees and costs incurred in successfully enforcing its rights pursuant to this Section 15, or in defending against any action brought by Executive or on Executive’s behalf in violation of or under
this Section 15 in which Nucor prevails. Executive agrees that Nucor’s actions pursuant to this Section 15, including, without limitation, filing a legal action, are permissible and are not and will not be considered by Executive to
be retaliatory. Executive further represents and acknowledges that in the event of the termination of Executive’s employment for any reason, Executive’s experience and capabilities are such that Executive can obtain employment and that
enforcement of this Agreement by way of injunction will not prevent Executive from earning a livelihood. 
 16. Reasonableness of
Restrictions. Executive has carefully considered the nature and extent of the restrictions upon him and the rights and remedies conferred upon Nucor under Sections 8, 9, 10, 11, 12, 13 and 15 and hereby acknowledges and agrees that the same are
reasonable in time and territory, are designed to eliminate competition which would otherwise be unfair to Nucor, do not interfere with Executive’s exercise of his inherent skill and experience, are reasonably required to protect the legitimate
interests of Nucor, and do not confer a benefit upon Nucor disproportionate to the detriment to Executive. Executive certifies that he has had the opportunity to discuss this Agreement with such legal advisors as he chooses and that he understands
its provisions and has entered into this Agreement freely and voluntarily. 

  
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 17. Applicable Law. Following Executive’s promotion to Executive Vice President of
Beam and Plate Products, Executive’s primary place of employment will be Nucor’s corporate headquarters located in Charlotte, North Carolina. Accordingly, this Agreement is made in, and shall be interpreted, construed and governed
according to the laws of, the State of North Carolina, regardless of choice of law principles of any jurisdiction to the contrary. Each party, for themselves and their successors and assigns, hereby irrevocably (a) consents to the exclusive
jurisdiction of the North Carolina State courts located in Mecklenburg County, North Carolina and (b) waives any objection to any such action based on venue or forum non conveniens. Further, Executive hereby irrevocably consents to the
jurisdiction of any court or similar body within the Restricted Territory for enforcement of any judgment entered in a court or similar body pursuant to this Agreement. This Agreement is intended, among other things, to supplement the provisions of
the North Carolina Trade Secrets Protection Act, as amended from time to time, and the duties Executive owes to Nucor under the common law, including, but not limited to, the duty of loyalty. 

18. Executive to Return Property. Executive agrees that upon (a) the termination of Executive’s employment with Nucor and
within three (3) business days thereof, whether by Executive or Nucor for any reason (with or without cause), or (b) the written request of Nucor, Executive (or in the event of the death or disability of Executive, Executive’s heirs,
successors, assigns and legal representatives) shall return to Nucor any and all property of Nucor regardless of the medium in which such property is stored or kept, including but not limited to all Secret Information, Confidential Information,
notes, data, tapes, computers, lists, customer lists, names of customers, reference items, phones, documents, sketches, drawings, software, product samples, rolodex cards, forms, manuals, keys, pass or access cards and equipment, without retaining
any copies or summaries of such property. Executive further agrees that to the extent Secret Information or Confidential Information are in electronic format and in Executive’s possession, custody or control, Executive will provide all such
copies to Nucor and will not keep copies in such format but, upon Nucor’s request, will confirm the permanent deletion or other destruction thereof. 

19. Entire Agreement; Amendments. This Agreement discharges and cancels all previous agreements regarding Executive’s employment
with Nucor, including without limitation that certain Executive Agreement by and between Nucor Corporation and Executive dated as of March 27, 2009, and constitutes the entire agreement between the parties with regard to the subject matter
hereof. No agreements, representations, or statements of any party not contained herein shall be binding on either party. Further, no amendment or variation of the terms or conditions of this Agreement shall be valid unless in writing and signed by
both parties. 
 20. Assignability. This Agreement and the rights and duties created hereunder shall not be assignable or delegable
by Executive. Nucor may, at its option and without consent of Executive, assign its rights and duties hereunder to any successor entity or transferee of Nucor Corporation’s assets. 

21. Binding Effect. This Agreement shall be binding upon and inure to the benefit of Nucor and Executive and their respective
successors, assigns, heirs and legal representatives. 
 22. No Waiver. No failure or delay by any party to this Agreement to enforce
any right specified in this Agreement will operate as a waiver of such right, nor will any single or partial exercise of a right preclude any further or later enforcement of the right within the period of the applicable statute of limitations. No
waiver of any provision hereof shall be effective unless such waiver is set forth in a written instrument executed by the party waiving compliance. 

  
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 23. Cooperation. Executive agrees that both during and after his employment, he shall, at
Nucor’s request, render all assistance and perform all lawful acts that Nucor considers necessary or advisable in connection with any litigation involving Nucor or any of its directors, officers, employees, shareholders, agents,
representatives, consultants, clients, customers or vendors. Executive understands and agrees that Nucor will reimburse him for any reasonable documented expense he incurs related to this cooperation and assistance, but will not be obligated to pay
him any additional amounts. 
 24. Compliance with Code Section 409A. Notwithstanding anything in this Agreement to the
contrary, if (a) Executive is a “specified employee” under Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986 (the “Code”) as of the date of his separation from service and (b) any amount or
benefit that Nucor determines would constitute non-exempt “deferred compensation” for purposes of Section 409A of the Code would otherwise be payable or distributable under this Agreement by reason of Executive’s separation from
service, then to the extent necessary to comply with Code Section 409A: (i) if the payment or distribution is payable in a lump sum, Executive’s right to receive payment or distribution of such non-exempt deferred compensation will be
delayed until the earlier of Executive’s death or the seventh month following Executive’s separation from service, and (ii) if the payment, distribution or benefit is payable or provided over time, the amount of such non-exempt
deferred compensation or benefit that would otherwise be payable or provided during the six (6) month period immediately following Executive’s separation from service will be accumulated, and Executive’s right to receive payment or
distribution of such accumulated amount or benefit will be delayed until the earlier of Executive’s death or the seventh month following Executive’s separation from service and paid or provided on the earlier of such dates, without
interest, and the normal payment or distribution schedule for any remaining payments, distributions or benefits will commence. 
 For
purposes of this Agreement, the term “separation from service” shall be defined as provided in Code Section 409A and applicable regulations, and Executive shall be a “specified employee” during the twelve (12) month
period beginning April 1 each year if Executive met the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the regulations thereunder and disregarding Section 416(i)(5) of the
Code) at any time during the twelve (12) month period ending on the December 31 immediately preceding his separation from service. 

[Signatures Appear on Following Page] 

  
 11 

 IN WITNESS WHEREOF, Executive and Nucor Corporation have executed this Agreement on the dates
specified below. 
  

	
	EXECUTIVE
	
	

	Chad Utermark
	Date: 5/12/14
	
	NUCOR CORPORATION
	
	

	John J. Ferriola
	Chairman, Chief Executive Officer and President
	Date: 5/12/14EX-10.1

 Exhibit 10.1 

UNITED SECURITY BANCSHARES, INC. 

2013 INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

This Restricted Stock Unit Award Agreement (this “Agreement”) is made and entered into as of [DATE] (the “Grant
Date”) by and between United Security Bancshares, Inc., a Delaware corporation (the “Company”) and [EMPLOYEE NAME] (the “Grantee”). 

WHEREAS, the Company has adopted the United Security Bancshares, Inc. 2013 Incentive Plan (the “Plan”), pursuant to
which awards of Restricted Stock Units may be granted; and 
 WHEREAS, the Committee has determined that it is in the best interests
of the Company and its shareholders to grant the award of Restricted Stock Units provided for herein (the “Award”). 

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

1. Grant of Award. 
 1.1
Pursuant to Section 7.2 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award for a target number of [NUMBER] Restricted Stock Units (the “Target Award”). The Award represents the right to earn up to
[PERCENTAGE]% of the Target Award in accordance with Exhibit A hereto and subject to the restrictions, conditions and other terms set forth in this Agreement and in the Plan. Each Restricted Stock Unit represents the right to receive,
at the discretion of the Committee and subject to the terms and conditions set forth in this Agreement and the Plan, either: (a) one share of Common Stock, or (b) a cash amount equal to the Fair Market Value of one share of Common Stock as
calculated in accordance with the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan. 

1.2 The Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company (the
“Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company. 

2. Performance Period.1 For purposes of this Agreement, the term
“Performance Period” shall be the period commencing on January 1, 2014 and ending on December 31, 2014. 
 3.
Performance Goals. 
 3.1 The amount of the Award earned by the Grantee for the Performance Period shall be determined as of the end
of the Performance Period based on the level of achievement of certain Performance Goals in accordance with Exhibit A. Subject to the terms of this Agreement, if the threshold level of the Performance Goals is not reached for the
Performance Period, the Grantee’s right to receive any shares of the Company’s Common Stock (or cash in lieu thereof) pursuant to this Agreement shall automatically expire and be forfeited without payment of any consideration. All
determinations as to whether the Performance Goal has been achieved, the amount of the Award earned by the Grantee and all other matters related to this Section 3 shall be made by the Committee. 

3.2 As soon as practicable following completion of the Performance Period, and in any event, by the March 31 following the completion of
the Performance Period (such period, together with the Performance Period, shall be referred to herein as the “Restricted Period”), the Committee shall review and certify in writing (a) whether, and to what extent, any
Performance Goals for the Performance Period have been achieved, and (b) the number or value of shares of Common Stock that the Grantee has earned, rounded to the nearest whole share (the “Earned Units”) (the date of such
certification, the “Certification Date”). Such written certification of the Committee shall be final, conclusive and binding on the Grantee, and on all other persons, to the maximum extent permitted by law. 

 

	1 	The Award is not intended to qualify as “performance-based compensation” under Section 162(m) of the Code; provided, however, that the performance-related terminology from the Plan as used herein shall
otherwise be observed with respect to the Award. 

  
 1 

 4. Vesting; Termination of Continuous Service. 

4.1 Except as otherwise provided in this Agreement, the Restricted Period shall terminate and the Earned Units shall vest and no longer be
subject to forfeiture on the Certification Date. Once vested, the Earned Units become “Vested Units.” 
 4.2
Notwithstanding any provision of this Agreement to the contrary, if the Grantee’s Continuous Service terminates during the Restricted Period as a result of the Grantee’s death, Disability or retirement, then the Grantee will vest on such
date in a pro rata portion of the Target Award calculated by multiplying the Target Award by a fraction, the numerator of which equals the number of days that the Grantee was employed during the Performance Period and the denominator of which equals
the total number of days in the Performance Period. To the extent that the Award is subject to Section 409A of the Code, any termination of the Grantee’s Continuous Service shall constitute a “separation from service” within the
meaning of Section 409A of the Code, as more fully set forth in the Plan. For purposes of this Agreement, “retirement” shall mean the termination of the Grantee’s Continuous Service upon retirement at age 65 or later in
accordance with the policies of the Company. 
 4.3 Except as otherwise provided in this Agreement or the Plan, if the Grantee’s
Continuous Service is terminated by the Company or an Affiliate during the Restricted Period for any reason other than those set forth in Section 4.2 hereof, the Award and the Grantee’s right to receive any Earned Units pursuant to this
Agreement shall automatically expire and be forfeited without any consideration, effective as of the last day of the Restricted Period. 

4.4 If there is a Change in Control of the Company during the Restricted Period, then all outstanding Restricted Stock Units shall vest at the
Target Award level on the effective date of the Change in Control and shall be settled no later than sixty (60) days following such Change in Control. 

5. Restrictions on Transfer. Subject to any exceptions set forth in this Agreement or the Plan, until such time as any Vested Units are
settled in accordance with Section 7 hereof, the Award or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate, pledge,
attach, sell or otherwise transfer or encumber the Award or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Award shall be forfeited by the Grantee, and all of the Grantee’s rights to such Award
shall immediately terminate without any payment or consideration by the Company. 
 6. Rights as Shareholder. 

6.1 The Grantee shall not have any rights of a shareholder with respect to the shares of Common Stock underlying the Award (including, without
limitation, any voting rights or any right to dividends paid with respect to such shares of Common Stock) unless and until shares of Common Stock are issued in settlement of Vested Units pursuant to Section 7 hereof. 

6.2 To the extent that any Vested Units are settled in Common Stock, then upon and following such settlement, the Company shall enter the
Grantee’s name on the books of the Company as a shareholder of record of the Company and the Grantee shall be the record owner of such shares of Common Stock unless and until such shares are sold or otherwise disposed of, and as record owner
shall be entitled to all rights of a shareholder of the Company (including voting rights). 
 6.3 The Grantee shall not be entitled to any
Dividend Equivalents with respect to the Award to reflect any dividends payable on shares of Common Stock prior to settlement. 
 7.
Settlement of Vested Units. 
 7.1 As soon as practicable after the termination of the Restricted Period (and in any event, within
sixty (60) days following the termination of the Restricted Period), the Company shall settle any Vested Units in Common Stock and/or in cash, as determined by the Committee in its sole discretion. To the extent that the Committee elects to
settle such Vested Units in Common Stock (in whole or in part), the Company shall: (a) issue and deliver to the 

  
 2 

 
Grantee the number of shares of Common Stock equal to the number of Vested Units to be settled; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record
with respect to the shares of Common Stock delivered to the Grantee. To the extent that the Committee elects to settle such Vested Units in cash (in whole or in part), the Company shall pay to the Grantee an amount in cash equal to the product of
(y) the Fair Market Value of a share of Common Stock as of the Certification Date and (z) the number of Vested Units to be settled. 

7.2 Notwithstanding the provisions of Section 7.1 hereof, in accordance with Section 14.5 of the Plan, the Committee may, but is not
required to, prescribe rules pursuant to which the Grantee may elect to defer settlement of the Vested Units. Any deferral election must be made in compliance with such rules and procedures as the Committee deems advisable and must be made in
compliance with Section 409A of the Code. 
 7.3 If the Grantee is deemed a “specified employee” within the meaning of
Section 409A of the Code, as determined by the Committee, at a time when the Grantee becomes eligible for settlement of the Vested Units upon his “separation from service” within the meaning of Section 409A of the Code, then to
the extent necessary to prevent any accelerated or additional tax under Section 409A of the Code, such settlement shall be delayed until the earlier of: (a) the date that is six (6) months following the Grantee’s separation from
service and (b) the Grantee’s death. 
 7.4 To the extent that the Grantee does not earn or vest in any portion of the Award
available under this Agreement for any reason, including, but not limited to, the failure to achieve any Performance Goals, all interest of such Grantee in such portion of the Award shall be forfeited. The Grantee shall have no right or interest in
any portion of any Award that is forfeited. 
 8. No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon
the Grantee any right to be retained in any position, as an Employee, Consultant or Director of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the Grantee’s
Continuous Service at any time, with or without Cause. 
 9. Adjustments. If any change is made to the outstanding Common Stock or the
capital structure of the Company, if required, the Award shall be adjusted or terminated in any manner as described in Section 11 of the Plan; provided, however, that any such adjustment or termination shall be in accordance with
Section 409A of the Code. 
 10. Tax Liability and Withholding. 

10.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the
Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the settlement of any Vested Units and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such
withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: 

(a) tendering a cash payment. 

(b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the
Grantee in connection with the settlement of Vested Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law. 

(c) delivering to the Company previously owned and unencumbered shares of Common Stock. 

10.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related
withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any
Tax-Related Items in connection with the grant, vesting or settlement of Vested Units or the subsequent sale of any shares of Common Stock; and (b) does not commit to structure the settlement of Vested Units to reduce or eliminate the
Grantee’s liability for Tax-Related Items. 

  
 3 

 11. Compliance with Law. The issuance and transfer of shares of Common Stock shall be
subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s shares of Common Stock may be listed.
No shares of Common Stock shall be issued or transferred unless and until any then-applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. 

12. Notices. Any notice required to be delivered to the Company under this Agreement shall be in writing and addressed to the Secretary
of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing and addressed to the Grantee at the Grantee’s address as shown in the records of the
Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time. 
 13.
Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to conflict of law principles. 

14. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Grantee or the Company to the
Committee for review. The resolution of such dispute by the Committee shall be final and binding upon the Grantee and the Company. 
 15.
Award Subject to Plan. This Agreement is subject to the Plan, as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the
event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan shall govern and prevail. 

16. Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement shall be binding upon and
inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be binding upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the
person(s) to whom the Award may be transferred by will or the laws of descent or distribution. 
 17. Severability. The invalidity or
unenforceability of any provision of the Plan or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and
enforceable to the extent permitted by law. 
 18. Discretionary Nature of Plan. The Plan is discretionary and may be amended,
cancelled or terminated by the Company at any time, in its discretion. The grant of the Award in this Agreement does not create any contractual right or other right to receive any other Awards in the future. Future Awards, if any, shall be at the
sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s employment with the Company. 

19. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel the Award, prospectively or retroactively;
provided that no such amendment shall adversely affect the Grantee’s material rights under this Agreement without the Grantee’s consent, and any such amendment shall be in accordance with Section 409A of the Code. 

20. Section 409A of the Code. This Agreement is intended to comply with Section 409A of the Code or an exemption thereunder
and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company makes no representations that the
payments and benefits provided under this Agreement comply with Section 409A of the Code, and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Grantee
on account of non-compliance with Section 409A of the Code. 
 21. No Impact on Other Benefits. The value of the Grantee’s
Award is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit, unless otherwise set forth in the applicable benefit plan document or arrangement.

 22. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument. Counterpart signature pages to this 

  
 4 

 
Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial
appearance of a document shall have the same effect as physical delivery of the paper document bearing an original signature. 
 23.
Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the Award subject to all of the terms and conditions of the Plan
and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon the vesting or settlement of any Vested Units or disposition of the underlying shares and that the Grantee has been advised to consult a tax advisor prior
to such vesting, settlement or disposition. 
 [SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. 

 

			
	UNITED SECURITY BANCSHARES, INC.
		
	By:	 	  

		
	Name:	 	  

	Title:	 	  

	
	GRANTEE
		
	By:	 	  

		
	Name:	 	  

  
 6 

 EXHIBIT A 

Performance Goals 

Performance Period 
 The
Performance Period shall commence on January 1, 2014 and end on December 31, 2014. 
 Determination of Amount of Award 

The number of Earned Units with respect to a Performance Period shall be determined by reference to the achievement of the objectives set forth
in the table below (each, a “Performance Goal”). The objectives and amounts attributable to the Performance Goals are selected by the Committee in its sole discretion. The value of the Earned Units that the Grantee will earn is as
follows: 
  

	 	•	 	Threshold: With respect to any objective for which the Grantee satisfies the condition set forth in the “Threshold” column of the Objective Performance Range but does not satisfy the condition set forth
in the “Target” column, the number of Earned Units attributable to that objective is the amount set forth in the “Threshold” column of the “Number of Earned Units to be Awarded” section. No Earned Units will be awarded
with respect to a particular objective if the level of performance does not satisfy the condition in the “Threshold” column. 

  

	 	•	 	Target: With respect to any objective for which the Grantee satisfies the condition set forth in the “Target” column of the Objective Performance Range but does not satisfy the condition set forth in
the “Stretch” column, the number of Earned Units attributable to that objective is the amount set forth in the “Target” column of the “Number of Earned Units to be Awarded” section. 

 

	 	•	 	Stretch: With respect to any objective for which the Grantee satisfies the condition set forth in the “Stretch” column of the Objective Performance Range, the number of Earned Units attributable to that
objective is the amount set forth in the “Stretch” column of the “Number of Earned Units to be Awarded” section. 

Role of Takeaway Objectives 
 The
table below specifies certain Takeaway Objectives that operate in the same manner as, but inversely to, the objectives underlying the Performance Goal, such that satisfaction of the specified conditions will operate to reduce the number of Earned
Units to be awarded to the Grantee by the amount specified in the table. 
  

																													
	 Performance Goal Objective
	  	Objective
Weight
(%)	 	 	Objective Performance Range	 	 	Number of Earned Units to be Awarded	 
	  	 	Threshold	 	 	Target	 	 	Stretch	 	 	Threshold	 	 	Target	 	 	Stretch	 
	 [Objective]
	  	 	[    	]% 	 	 	[    	] 	 	 	[    	] 	 	 	[    	] 	 	$	[            	] 	 	$	[            	] 	 	$	[            	] 
	 [Objective]
	  	 	[    	]% 	 	 	[    	] 	 	 	[    	] 	 	 	[    	] 	 	$	[            	] 	 	$	[            	] 	 	$	[            	] 
	 [Objective]
	  	 	[    	]% 	 	 	[    	] 	 	 	[    	] 	 	 	[    	] 	 	$	[            	] 	 	$	[            	] 	 	$	[            	] 

  

													
	 Takeaway Objectives
	  	Max % of
Earned
Incentives
Deductible	 	 	 	 	 	 	 
	 [Objective]
	  	 	- [    	]% 	 	 	[    	] 	 	 	[    	] 
	 [Objective]
	  	 	- [    	]% 	 	 	[    	] 	 	 	[    	] 
	 [Objective]
	  	 	- [    	]% 	 	 	[    	] 	 	 	[    	] 

 Interdependency of Objectives 

In order to earn an Award attributable to achievement of a particular Performance Goal, the Grantee need only satisfy the condition, criterion
or other requirement attributable to that Performance Goal. An Award of Earned Units for achievement of a particular Performance Goal is not contingent or otherwise directly dependent upon the achievement of any other Performance Goal. 

  
 A-1

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