Document:

exv10w1

 

Exhibit 10.1

ADVISORY AGREEMENT

     THIS AGREEMENT is made and entered into as of May 15, 2007 between K. Dane Brooksher (the
“Advisor”), and ProLogis.

WITNESSETH THAT:

     WHEREAS, ProLogis desires to retain the services of the Advisor and the Advisor desires to
provide such services to ProLogis;

     NOW, THEREFORE, the parties agree as follows:

     1. Term. Subject to the terms and conditions of this Agreement, ProLogis hereby
retains the services of the Advisor as an advisor for the Term (as defined below) and the Advisor
hereby agrees to render advisory services to ProLogis during the Term in accordance with this
Agreement. The “Term” shall be the period commencing on May 15, 2007 (the “Effective Date”) and
ending on June 30, 2023 (the “Termination Date”).

     2. Duties. The Advisor agrees that, during the first six years of the Term, while he
is obligated to provide services to ProLogis pursuant to this Agreement, he shall provide advice to
ProLogis regarding strategic plans, global expansion, customer development, organizational and
human resource matters, board of trustee nomination and governance matters, and other matters as
requested from time to time by the Chief Executive Officer of ProLogis. Subject to the provisions
of Sections 6 and 7, nothing in this Section 2 shall preclude the Advisor from performing services
for persons or entities other than ProLogis to the extent such services do not interfere with his
obligations under this Agreement.

     3. Advisory Fee. Subject to the terms and conditions of this Agreement, the Advisor
shall be entitled to an annual “Advisory Fee” of $400,000 for the first six years of the Term,
payable quarterly in arrears beginning on June 30, 2007.

     4. Other Agreements.

	 	(a)	 	For the period commencing on the Effective Date and ending on the Termination
Date, ProLogis shall provide the Advisor with office space, administrative and
information technology support, secretarial support and travel services (through
ProLogis’s in-house travel agent). In addition , Advisor shall be reimbursed for
actual expenses incurred in connection with his advisory duties.

	 	(b)	 	For the first six years of the Term, the Advisor shall serve on ProLogis’s
European and Asian advisory boards at the request of ProLogis and attend any regular or
special meetings thereof.

     5. Duties and Fees Upon Termination. The Advisor shall have no obligation to provide
services pursuant to this Agreement, and ProLogis shall have no obligation to pay any Advisory Fees
to the Advisor, and the provisions of paragraph 4(b) shall not apply, for periods after the last
day of the sixth year of the Term. ProLogis shall have no obligation to pay any Advisory Fees to
the Advisor or to provide the benefits under Section 4 for any period after the

 

 

Advisor fails, for any reason, to make himself available to perform services for ProLogis
pursuant to this Agreement, including by reason of death.

     6. Confidential Information. The Advisor hereby agrees that:

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

	 	(b)	 	Upon the expiration of the Term or at ProLogis’s earlier request, he will
promptly return to ProLogis any and all records, documents, physical property,
information, computer disks or other materials relating to the business of ProLogis and
its affiliates obtained by him during his course of his engagement hereunder (or during
his prior employment or service with ProLogis).

	 	(c)	 	Nothing in the foregoing provisions of this Section 6 shall be construed so as
to prevent the Advisor from using, in connection with his employment for himself or an
employer other than ProLogis or any of its affiliates, knowledge which was acquired by
him during the course of his engagement hereunder, and which is generally known to
persons of his experience in other companies in the same industry.

     7. Noncompetition. The Advisor hereby agrees that, during the Term, he shall not:

	 	(a)	 	directly or indirectly, (i) serve on the board of directors or trustees or
serve as an officer or employee of any real estate investment trust with a class of
securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of
1934, as amended, and is engaged in the ownership of industrial real estate facilities,
or (ii) be employed by or serve as a consultant to, or otherwise assist or provide
services to a Competitor (as defined below) if: (A) the services that the Advisor is to
provide to the Competitor are the same as, or substantially similar to, any of the
services that the Advisor provided to ProLogis and its affiliates (whether pursuant to
this Agreement or during his prior employment with ProLogis), and such services are to
be provided with respect to any location in which ProLogis or any of its affiliates had
material operations during the prior 24-month period or with respect to any location in
which ProLogis or any of its affiliates had devoted material resources to establishing
operations during the prior 24-month period; or (ii) the trade secrets, confidential
information, or proprietary information (including, without limitation, confidential or
proprietary methods) of ProLogis and its affiliates to which the Advisor had access
(whether during the Term or during his prior employment with ProLogis) could reasonably
be expected to

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	 	 	 	benefit the Competitor if the Competitor were to obtain access to such secrets or
information;

	 	(b)	 	directly or indirectly, own an equity, partnership or profits interest in any
Competitor (other than ownership of 5% or less of the outstanding stock of any
corporation listed on the New York Stock Exchange or the American Stock Exchange or
included in the NASDAQ System);

	 	(c)	 	solicit, divert or attempt to solicit or divert any party who is, was, or was
solicited to become, a customer or supplier of ProLogis or its affiliates at any time
during the Term, provided that this restriction shall not apply to any activity on
behalf of a business that is not a Competitor or potential Competitor;

	 	(d)	 	employ, solicit for employment or encourage to leave their employment, in each
case, either as an employee, agent or representative, any person who was during the
24-month period prior to such employment, solicitation or encouragement or is an
officer, employee, agent or representative of ProLogis or any of its affiliates or

	 	(e)	 	avail himself of or invest in any business opportunity which is related to the
activities conducted by ProLogis and which came to his attention during the Term; or

	 	(f)	 	disturb, or attempt to disturb, any business relationship between any third
party and ProLogis or any of its affiliates.

Nothing in this Section 7 or Section 6 shall be construed as limiting the Advisor’s duty of loyalty
to ProLogis during the Term or any other duty he may otherwise have to ProLogis while he is
providing services to ProLogis. As of any date, the term “Competitor” means any enterprise
(including a person, firm or business, whether or not incorporated) during any period in which it
is materially competitive in any way with any business in which ProLogis or any of its affiliates
was engaged during the immediately preceding 24-month period.

     8. Equitable Remedies. The Advisor acknowledges that ProLogis would be irreparably
injured by a violation of this Section 6 or 7 and agrees that ProLogis, in addition to other
remedies available to it for such breach or threatened breach, shall be entitled to a preliminary
injunction, temporary restraining order, other equivalent relief, restraining the Advisor from any
actual or threatened breach of Section 6 or 7 without any bond or other security being required.

     9. Relationship of the Parties. It is agreed and understood between the parties to
this Agreement that the services performed by the Advisor pursuant to this Agreement will be
performed as an independent contractor and not as an employee of ProLogis or its affiliates.

     10. Successors. This Agreement shall be binding on, and inure to the benefit of,
ProLogis and its successors and assigns and any person acquiring, whether by merger,
reorganization, consolidation, by purchase of assets or otherwise, all or substantially all of the
assets of ProLogis.

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     11. Nonalienation. The Advisor’s interests under this Agreement are not subject to
the claims of his creditors and may not otherwise be voluntarily or involuntarily assigned,
alienated or encumbered.

     12. Waiver of Breach. No waiver by any party hereto of a breach of any provision of
this Agreement by the other party, or of compliance with any condition or provision of this
Agreement to be performed by such other party, will operate or be construed as a waiver of any
subsequent breach by such other party or any similar or dissimilar provisions and conditions at the
same or any subsequent time. The failure of any party hereto to take any action by reason of such
breach will not deprive such party of the right to take actions at any time while such breach
continues.

     13. Severability. The invalidity or unenforceability of any provision of this
Agreement will not affect the validity or enforceability of any other provision of this Agreement,
and this Agreement will be construed as if such invalid or unenforceable provision were omitted
(but only to the extent that such provision cannot be appropriately reformed or modified).

     14. Applicable Law. The provisions of this Agreement shall be construed in accordance
with the laws of the state of Colorado.

     15. Amendment. This Agreement may be amended or cancelled by mutual agreement of the
parties in writing without the consent of any other person.

     16. Taxes. The Advisor shall be responsible for all taxes on amounts payable under
and benefits provided pursuant to this Agreement and ProLogis makes no representation or guarantee
of the tax treatment of any such payment or benefit. To the extent required by applicable law, all
amounts payable under and benefits provided hereunder shall be subject to applicable tax
withholding. Notwithstanding any provision of this Agreement to the contrary, the Advisor and
ProLogis agree that, to the extent that section 409A of the Internal Revenue Code of 1986, as
amended, applies to this Agreement, ProLogis and the Advisor will cooperate in good faith to cause
this Agreement to be timely amended to conform to the requirements of section 409A and applicable
guidance issued thereunder. ProLogis and the Advisor further agree that they will each use good
faith efforts to cause this Agreement to be administered in accordance with the requirements of
section 409A.

     17. Entire Agreement. This Agreement constitutes the entire agreement between the
parties concerning the subject matter hereof, and supersedes all prior and contemporaneous
agreements, if any, between the parties relating to the subject matter hereof.

     IN WITNESS WHEREOF, the Advisor has hereunto set his hand and ProLogis has caused these
presents to be executed in its name and on its behalf, all as of the day and year first above
written.

	 	 	 	 	 
	 	/s/ K. Dane Brooksher
 	 
	 	Advisor
 	 
	 
	 	PROLOGIS

 	 
	 	By 	 /s/
Jeffrey H. Schwartz 	 
	 	 	 	 
	 	 	Its  Chief Executive Officer	 
	 	 	 
	 
	 

4exv10w1

 

Exhibit 10.1

CONTRACT

BETWEEN

STILLWATER MINING COMPANY

AND

USW INTERNATIONAL UNION

 

 

	 	 	 	 	 
	ARTICLES OF AGREEMENT

	 	 	4	 
	 
	 	 	 	 
	ARTICLE 1 – RECOGNITION

	 	 	4	 
	 
	 	 	 	 
	ARTICLE 2 – TERM OF AGREEMENT

	 	 	5	 
	 
	 	 	 	 
	ARTICLE 3 – NON DISCRIMINATION

	 	 	5	 
	 
	 	 	 	 
	ARTICLE 4 – UNION SECURITY

	 	 	5	 
	 
	 	 	 	 
	ARTICLE 5 – MANAGEMENT-UNION COMMITTEE

	 	 	6	 
	 
	 	 	 	 
	ARTICLE 6 – GRIEVANCE AND ARBITRATION

	 	 	7	 
	 
	 	 	 	 
	ARTICLE 7 – MEDICAL ARBITRATION

	 	 	9	 
	 
	 	 	 	 
	ARTICLE 8 – HEALTH AND SAFETY

	 	 	10	 
	 
	 	 	 	 
	ARTICLE 9 – SENIORITY

	 	 	11	 
	 
	 	 	 	 
	ARTICLE 10 – JOB POSTINGS

	 	 	12	 
	 
	 	 	 	 
	ARTICLE 11 – PROBATIONARY PERIOD

	 	 	14	 
	 
	 	 	 	 
	ARTICLE 12 – PERFORMANCE IMPROVEMENT PLAN/ PROGRESSIVE DISCIPLINE/ ATTENDANCE

	 	 	14	 
	 
	 	 	 	 
	ARTICLE 13 – HOURS OF WORK AND OVERTIME

	 	 	16	 
	 
	 	 	 	 
	ARTICLE 14 – SICK/PERSONAL LEAVE

	 	 	17	 
	 
	 	 	 	 
	ARTICLE 15 – LAY-OFF AND RECALL

	 	 	19	 
	 
	 	 	 	 
	ARTICLE 16 – SEVERANCE PAY

	 	 	20	 
	 
	 	 	 	 
	ARTICLE 17 – CLASSIFICATION AND WAGES

	 	 	20	 
	 
	 	 	 	 
	ARTICLE 18 – BENEFITS

	 	 	21	 

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	ARTICLE 19 – HOLIDAYS

	 	 	23	 
	 
	 	 	 	 
	ARTICLE 20 – VACATION

	 	 	25	 
	 
	 	 	 	 
	ARTICLE 21 – UNION LEAVES OF ABSENCE

	 	 	26	 
	 
	 	 	 	 
	ARTICLE 22 – FAMILY AND MEDICAL LEAVE

	 	 	27	 
	 
	 	 	 	 
	ARTICLE 23 – MILITARY SERVICE

	 	 	29	 
	 
	 	 	 	 
	ARTICLE 24 – BEREAVEMENT LEAVE

	 	 	29	 
	 
	 	 	 	 
	ARTICLE 25 – JURY AND WITNESS DUTY

	 	 	30	 
	 
	 	 	 	 
	ARTICLE 26 – CONTRACTING OUT

	 	 	31	 
	 
	 	 	 	 
	ARTICLE 27 – MANAGEMENT RIGHTS

	 	 	31	 
	 
	 	 	 	 
	ARTICLE 28 – MINE/PLANT CLOSURE

	 	 	32	 
	 
	 	 	 	 
	ARTICLE 29 – NO STRIKE

	 	 	33	 
	 
	 	 	 	 
	ARTICLE 30 – PAST PRACTICE

	 	 	33	 
	 
	 	 	 	 
	ARTICLE 31 – VALIDITY

	 	 	33	 
	 
	 	 	 	 
	ARTICLE 32 – MISCELLANEOUS

	 	 	34	 
	 
	 	 	 	 
	ARTICLE 33 – COMPLETE AGREEMENT

	 	 	36	 

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ARTICLES OF AGREEMENT

This Agreement dated July 17, 2007, is made and entered into by and between Stillwater Mining
Company (hereinafter referred to as the “Company”) its successors and assigns, and the USW
International Union (hereinafter referred to as the “Union”) its successors and assigns. The
general purpose of this agreement is to foster and promote a consistent, stable and cooperative
relationship between the Company and its represented employees and to promote the mutual interests
of the Company and the Union. By setting forth mutual promises and obligations herein assumed, the
parties agree as follows:

ARTICLE 1

RECOGNITION

Section 1. The Company recognizes the Union as the sole and exclusive bargaining representative for
the purpose of collective bargaining with respect to rates of pay, benefits, hours of employment
and other conditions of employment pertaining to all Stillwater Mining Company employees employed
by the Company at the facilities at 2562 Nye Road, Nye, Montana; and the facilities at 1891
1st Avenue South and 1730 1st Avenue South, Columbus, Montana, to wit: All
hourly production and maintenance employees, including warehouse employees, laboratory technicians
and custodians; but excluding all temporary employees, student summer hires, professional and
technical employees, office clerical employees, guards, dispatchers and supervisors, and those
above the rank of supervisor, as defined in the act; National Labor Relations Board case number
27-RC-7563, Certification dated December 19, 1995.

Section 2. The Company recognizes that the Union’s Workers’ Committee is the duly selected body
which represents Union interests to the Company. The Workers’ Committee shall be selected by the
Union, and consist of seven (7) members, including the Local Union President who shall be Chair.
The six (6) remaining members of the Workers’ Committee shall consist of three (3) from the Mine,
one (1) from the Concentrator/Surface, one (1) from the Smelter/BMR/Laboratory, and one (1) from
Maintenance/Warehouse. Alternates may be selected by the Union to replace members of the Committee
who may be absent.

Section 3. The Local Union President shall promptly notify the Company, in writing, of the names of
the members of the Workers’ Committee and such stewards as it may select. The Company will be
notified, in writing, of any changes and shall not be required to recognize the above until
notified in writing.

Section 4. The Company recognizes the Workers’ Committee as the bargaining committee for purposes
of collective bargaining; as representatives in the Management-Union Committee meetings as set
forth in Article 5; and as Chief Stewards as set forth in Article 6. The Company recognizes the
role of the International Union Representative. As such, the International Union Representative
may be present at meetings between Management and the Union, provided notice is given in advance. The Union agrees that such
activities will not result in any disruption of the Company’s operations, and employees will not
neglect their duties and responsibilities.

- 4 -

 

ARTICLE 2

TERM OF AGREEMENT

Section 1. This agreement shall remain in effect from 12:01 p.m. July 17, 2007 until 12:01 p.m.
July 1, 2011, and if not terminated at the end of that period by sixty (60) days written notice by
one party to the other prior to this date, shall continue in effect thereafter until terminated by
either party upon ninety (90) days written notice of its desire to terminate or modify this
Agreement.

ARTICLE 3

NON-DISCRIMINATION

Section 1. The Company and Union agree that neither will discriminate nor harass any employee or
applicant for employment because of race, creed, marital status, color, age, disability, religion,
national origin or sex in violation of any applicable Federal, State or local law.

Section 2. There shall be no discrimination or harassment by the Company, its officers, or agents,
or the Union, or its members against any employee because of membership or non-membership in any
lawful union, participation or non-participation in any lawful union activity, or because any
employee has exercised or failed to exercise any right specifically provided under this Agreement.

ARTICLE 4

UNION SECURITY

Section 1. Every employee covered by this Agreement must, for the life of this Agreement after the
grace period described below, satisfy a financial obligation to the Union as the exclusive
bargaining representative. Under this Agreement, the financial obligation for Union members is an
amount equivalent to monthly dues, and for non-members a fee amount, as determined by the Union, to
perform the duties as exclusive representative under this Agreement.

This financial obligation is a condition of continued employment and is in consideration for
the cost of representation and collective bargaining and is not contingent upon present or future
membership in the Union.

The grace period for this Agreement is thirty (30) calendar days following the completion of the
employee’s probationary period as set forth in Article 11, or by the thirtieth (30th)
calendar day following the effective date of this Agreement, whichever is later.

- 5 -

 

Neither the Union or Company, nor any of their officers, agents or members shall intimidate or
coerce employees about membership or non-membership in the Union. If any dispute arises as to
whether there has been any violation of this provision (or whether an employee affected by this
Agreement has failed to meet the financial obligation), the dispute shall be submitted directly to
the arbitration clause, as set forth in Article 6 for determination.

The Union shall indemnify and save the Company harmless against any and all claims, demands, suits
or other forms of liability that shall arise out of or by reason of action taken by the Company in
complying with the provisions of this Article.

Section 2. For employees in the bargaining unit, the Company agrees to deduct the Union dues for
the month from the wages due each month, provided each employee from whose check Union dues are to
be deducted has on file a signed payroll deduction authorization.

ARTICLE 5

MANAGEMENT-UNION COMMITTEE

Section 1. The Company and the Union recognize the benefits of an open forum where information,
mutual concerns, interests, and complaints (not covered under Article 6) affecting the workplace
can be freely discussed, with a view to exploring solutions, which are acceptable and beneficial to
the Union and the Company. Without limiting the opportunity for the Union and the Company to meet
informally at the Nye or Columbus facilities, the parties agree to establish a Management-Union
Committee (MUC).

Section 2. The Workers’ Committee will serve as representatives for the Union at MUC meetings.
Alternates will be selected by the Union. The Company representatives will be comprised of
Management personnel from equally covered departments.

Section 3. MUC meetings will be held during regular business hours, normally on at least a monthly
basis. Logistics for the meeting will be mutually agreed upon, and coordinated through the Human
Resources Department. Senior Management from the Nye and Columbus facilities will discuss agenda
items with the Local Union President prior to the meeting. A formal meeting agenda will be given
to all committee members at least five (5) days prior to the meeting.

Section 4. For employees, time spent at MUC meetings will be considered as time worked and will be
paid at an employee’s normal base rate, including reasonable travel time. Members attending the
MUC meetings during their normally scheduled work hours will be made whole for any lost wages
incurred as a result of attendance at the MUC meeting. The Company will make every reasonable
effort to schedule the MUC members on shift during MUC meetings.

- 6 -

 

Section 5. The Union and the Company agree that the Management-Union Committee is limited to joint
discussions and consultation, and it is in no way intended to limit or restrict the rights reserved
to the Union or the Company by this Agreement. The Committee is not intended to take the place of
normal communication between employees and the Company, or to serve as an alternative to the
grievance and arbitration procedures of this Agreement, or to interfere with or attempt to
renegotiate any of the provisions of this Agreement, except as set forth in Article 33.

ARTICLE 6

GRIEVANCE AND ARBITRATION

Section 1. It is recognized that, from time to time, dispute(s) between the Company and its
employees may occur. The employees will try to settle these differences as quickly as possible
with their immediate foreman or supervisor. The employee has the right to be accompanied and
assisted by a steward or Chief Steward. If the disagreement cannot be resolved between the
parties, a grievance may be filed. A “grievance” is a dispute as to the interpretation,
application, or alleged violation of any of the provisions of this Agreement.

Section 2. Should a grievance arise that is not verbally settled with the immediate supervisor, an
earnest effort will be made to settle such grievances in the following manner:

	 	Step 1: 	 	The grievance shall be presented in writing to the Human Resources Department
within fifteen (15) days from the time the employee has knowledge of the occurrence. The
supervisor has fifteen (15) days to respond in writing to the grievance. If the
supervisor’s written answer is not accepted, the Union must advance the grievance through
the Human Resources Department to the applicable manager or his designee in writing
within fifteen (15) days following the supervisor’s written answer.
	 
	 	Step 2:	 	 The applicable manager or his designee will have up to fifteen (15) days to
conduct a grievance meeting. The meeting will be comprised of no more than three Union
Representatives and up to three Company Representatives, to include at least one
representative from the department from which the grievance arose. In an earnest effort
to resolve the dispute, the Company and Union will disclose throughout the grievance
process, facts and information relied upon. Following the meeting the Company will have
fifteen (15) days to respond in writing to the grievance. The Union will have fifteen
(15) days to respond in writing to the Companies’ answer from the second step meeting.

Section 3. Failure by either party to comply with the time limits set forth in this Article shall
result in the grievance being advanced to the next step. The time limits set forth in this Article may be extended, in writing, by mutual agreement, on a case-by-case basis. The Company
will pay for time spent by Union representatives in grievance meetings that are scheduled during
their regular working hours.

- 7 -

 

Section 4. If the answer from the grievance Step 2 meeting is not accepted by the Union, the
grievance will automatically be referred to arbitration. The Company and Union will agree on a
tentative date for the arbitration, not to exceed 50 days following the Union’s notice to the
Company that they do not accept the Company’s Step 2 response.

	 	a.	 	The Company and the Union mutually agree to select a three (3)-member
arbitration panel. The arbitrators will normally reside in the State of Montana and
will have direct experience in collective bargaining disputes. The parties will
establish a rotation for the arbitration panel. Following the hearing, the
arbitrator’s decision will be reduced to writing and submitted to both parties within
five (5) working days from the date of the hearing.
	 
	 	b.	 	Should the members of the panel be unavailable or in instances where the
Company and the Union determine not to use a member of the Panel, the following
procedure will be utilized. The parties shall refer the grievance to the Federal
Mediation and Conciliation Service. The parties shall request the Federal Mediation
Service to submit a panel of seven (7) arbitrators. Each party shall have the right to
reject one panel of arbitrators. Striking of the first name shall be determined by the
flip of a coin and then the parties shall alternately strike a name until one
arbitrator is left. The arbitrator shall be notified of selection by a letter from the
parties requesting that the arbitrator set a time for the hearing, subject to the
availability of the Company and the Union representative. Arbitration hearings shall
be held in Billings, Montana.

Section 5. In rendering a decision, the arbitrator will be governed and limited by this Agreement’s
provisions, applicable law, and the expressed intent of the parties as described in this Agreement.
The arbitrator will have no power to add to, subtract from, or modify any of the terms and
provisions of this Agreement, or substitute his judgment for that of the Company. The arbitrator
will confine his judgment strictly to the facts submitted in the hearing, the evidence before him,
and this Agreement’s express terms and provisions. The arbitrator’s decision will be final and
binding upon the parties.

Section 6. The Company and the Union shall bear the costs of their respective expenses, and shall
share, equally, the cost of the arbitrator.

Section 7. The Union and the employees waive their right to pursue any judicial or administrative
remedy against the Company as to any matter subject to the procedures established in this Article
until such procedures are exhausted. Any settlement under the procedures established under this
Article, short of arbitration, will be binding upon the Company, the Union, and the employees and will preclude any further administrative or judicial
relief.

- 8 -

 

Section 8. Any employee has the right to have a Steward or Chief Steward present if they are called
into a meeting, which may result in disciplinary action.

Section 9. If it is necessary for a steward or Chief Steward to take time off during their
regularly scheduled shift to investigate or resolve a grievance, they shall request the permission
of their immediate supervisor, which permission shall not be unreasonably withheld. When a steward
or Chief Steward enters an area other than their normal work area, they shall inform the supervisor
of that area of their presence and reason for being there. As well, a steward or Chief Steward
shall inform their supervisor when returning to their normal work area or duties.

Section 10. Grievances dealing with suspensions and/or discharges will be moved immediately to Step
2 of the grievance procedure.

Section 11. The Union, by not exercising any functions thus reserved to it or by exercising any
such function in a particular way, shall not be deemed to have waived its right to exercise such
function as set forth in this Agreement.

ARTICLE 7

MEDICAL ARBITRATION

Section 1. In the event a dispute arises concerning the physical fitness of an employee to return
to work or to continue to work, an attempt to resolve the dispute by conference or consultation
between a licensed physician selected by the Company and a licensed physician selected by the Union
shall first be made.

Section 2. If no satisfactory conclusion is reached by the above, and the Union so elects, a Board
of three (3) licensed physicians will be selected, one by the Company, one by the Union, and one by
the two so-named, who will decide the case. The decision of the Board shall be final and binding
on both parties to the Agreement and retroactive to the date the dispute arose.

Section 3. The Company shall bear the expense of the physician of its choice, and the Union shall
bear the expense of the physician of its choice. The expense of the third physician shall be paid
by the losing party. In the event that the decision of the Board does not result in a clear-cut
losing party, the expense of the third physician shall be borne equally by the parties.

- 9 -

 

ARTICLE 8

HEALTH AND SAFETY

Section 1. The Company and the Union believe an effective health and safety program is essential
for employee morale and well being, as well as the long-term viability of the Company.
Accordingly, the Company recognizes its obligation to prevent, correct and eliminate all unhealthy
and unsafe working conditions and practices. Employees are also expected to recognize, address and
report unhealthy or unsafe working conditions. Further, employees shall follow all Company safety
and health rules and procedures and comply with applicable State and Federal regulations.

Section 2. The Company will recognize one (1) Joint Health and Safety Committee for the Nye
facilities and one (1) Joint Health and Safety Committee for the Columbus facilities. The Nye
Committee will consist of six (6) Union representatives and six (6) Management representatives.
The Company and the Union will keep each other informed of their respective Committee members.
These Committees will meet monthly to discuss health and safety issues, recommend corrective
actions, and communicate health and safety information back to employees.

Section 3. Time spent in Joint Health and Safety Committees meetings and approved activities will
be considered as time worked. All matters considered and handled by the Joint Health and Safety
Committees will be reduced to writing, and the joint minutes will be maintained and communicated at
the monthly Joint Health and Safety Committee meetings.

Section 4. The Joint Health and Safety Committee will assign (at their respective leadman rate) one
bargaining unit employee to act as a Health and Safety Representative for the Nye mine. The Health
and Safety Representative shall serve at the discretion of the Joint Health and Safety Committee
and will be reviewed annually by the Nye facilities Joint Health and Safety Committee. The
Committee shall establish duties and responsibilities as well as qualifications for the
Representative. The Representative shall provide updates to the Committee on a monthly basis and
administratively shall report to the Nye Safety Manager.

Section 5. The Company will conduct occupational health and medical monitoring to measure exposures
in the workplace as appropriate, or upon the recommendation of the appropriate Health and Safety
Committee. Results will be distributed to the appropriate Health and Safety Committees and the
Local Union President, to the extent that employee confidentiality is not compromised.

Section 6. The Company will pay for required medical examinations and the results will be kept in
the employee’s confidential medical file. Upon request, a copy of these records will be provided
to the affected employee.

- 10 -

 

Section 7. Personal protective equipment (PPE) required by statute, Company policy or for special
tasks not regularly performed will be provided by the Company at no cost to the employee. Upon
employment, the Company will provide a one-time allocation of other Company required personal
protective equipment. The Company will allow employees to purchase subsequent or additional
personal protective equipment through the warehouse at Company cost. Employees whose PPE is
damaged or destroyed through abnormal conditions, not attributed to abuse, will receive replacement
PPE through the warehouse at Company expense. Employees will receive replacement PPE, excluding
boots, when the PPE is damaged or worn out and not attributable to abuse and is returned to their
supervisor.

Section 8. Prescription safety glasses will be provided at a rate of one (1) pair per year.
Replacement non-prescription safety glasses will be available.

Section 9. The Company will provide for an ongoing health and safety training program. The content
of health and safety training courses will be reviewed with the Health and Safety Committees prior
to selection. Time spent on Company approved training will be considered as time worked. The cost
of Company approved training will be paid by the Company and expenses reimbursed based on current
Company policy.

Section 10. No employee will perform unsafe work or be required to perform unsafe work. Employees
performing unsafe work or unsafe practices will be subject to disciplinary action, up to and
including discharge. Refusal to perform unsafe work will not warrant or justify any present or
future disciplinary action.

ARTICLE 9

SENIORITY

Section 1. Continuous service shall be determined by an employee’s date of original employment with
the Company, or predecessor companies Chevron or Manville, if there has been no break in service.
Continuous service shall apply only for purposes of applicable benefit plans and earned vacation.

Section 2. Union seniority shall be determined from the employee’s date of original employment with
the Company in bargaining unit positions at its facilities covered by this agreement, or with
predecessor companies Chevron or Manville, if there had been no break in service.

Section 3. Union and department seniority shall be lost if:

	 	A.	 	the employee quits.
	 
	 	B.	 	the employee is discharged for just cause.
	 
	 	C.	 	the employee fails to work for any reason for two (2) years, or length of
service, whichever is less.
	 
	 	D.	 	The employee fails to return to work after discharge from the military service
in accordance with USERRA.
	 
	 	E.	 	the employee fails to return to work upon termination of a leave of absence.

In addition beginning with the effective date of this agreement, an employee’s seniority shall be
lost if the employee is promoted to a full-time non-bargaining position for a period in excess of
ninety (90) calendar days.

If an employee is re-employed subsequent to termination for an above-stated cause, said employee
shall be considered a new employee for seniority purposes.

- 11 -

 

Section 4. Department seniority will be determined by the date on which the employee begins
continuous service in one of the following departments:

	 	A.	 	Mine
	 
	 	B.	 	Concentrator/Concentrator Maintenance/Surface
	 
	 	C.	 	Mine Maintenance
	 
	 	D.	 	Warehouse
	 
	 	E.	 	Metallurgical Complex/Smelter/BMR/Laboratory/Maintenance

The employee will lose department seniority in any previous department once department seniority is
established in any other department.

Section 5. A seniority list shall be compiled and revised as necessary, but no less often than
every six (6) months. The current seniority list will be posted in the workplace, with a copy to
the Local Union President.

Section 6. In the event there is a tie based on seniority dates, seniority shall, in each
application, be decided by the birthday rule. For example, a January 1 birth date would be senior
over any other date in a calendar year, without the employee’s age being a factor.

ARTICLE 10

JOB POSTINGS

Section 1. Whenever the Company determines a vacancy, other than a temporary vacancy, exists in any
biddable job classification or a new job becomes available, the Company will post a job bulletin
covering such classification on the bulletin boards. The bid will remain posted for fifteen (15)
consecutive days. Employees desiring to bid on the vacancy shall apply in writing to the Human
Resources Department within the allotted fifteen (15) days. Upon request, a copy of the job
posting and of all bids shall be provided to the Local Union President. At the end of the fifteen
(15) days, the successful, senior qualified candidate will be determined based on union seniority.
If no qualified candidate from within the bargaining unit applies or no bid is received within
the time frame set forth above, the job may be filled by the Company from any other sources.

For purposes of this Article, it is understood that an employee’s qualifications to perform a job
will be based on any relevant job-related criteria, utilizing established Job Classification – Task
Proficiency Matrices. The requisite skills, knowledge and ability to perform the relevant tasks of
the job may be determined through tests, licenses or certifications. Employees who have incurred
any of the following in the twelve (12) months prior to bidding or promotion are not entitled to
consideration for advancement:

	 	a.	 	one (1) or more suspensions, or
	 
	 	b.	 	two (2) or more written safety-related disciplinary actions, or
	 
	 	c.	 	one (1) or more safety-related lost time incidents, or
	 
	 	d.	 	one (1) or more MSHA/OSHA medical reportable/recordable incidents

- 12 -

 

Section 2. The proposed creation of a new test, or the elimination or change of an existing test,
shall first be discussed with the Union President and the Chief Steward of the affected department.
If the parties aren’t able to agree on such new test or changes, the Union may file a grievance as
to the reasonableness of the test as set forth in this Agreement.

Section 3. Laid off employees, who have seniority rights, shall be eligible to bid on all job
postings, in accordance with Article 15, Lay-Off and Recall.

Section 4. From time to time, temporary vacancies of less than ninety (90) calendar days may occur
due to illness, injury or an abnormal increase in workload. Vacancies of this nature will be
filled at the Company’s discretion. Full-time job assignments so filled shall be open for bidding
within forty-five (45) calendar days as set forth above.

Section 5. If the successful bidder proves unsatisfactory after a thirty (30) day evaluation
period, or chooses not to continue in the new position within the thirty (30) day evaluation
period, the employee will be returned to the position last held with no loss of seniority. The
Company will then fill the position with the next senior qualified candidate from the original
posting. Any employee determined to be unsatisfactory after 30 days will be notified in writing
with a copy to the Worker’s Committee member from that area. The employee will be returned to the
previous job classification with no loss of seniority.

Section 6. The Company will award the bid and, to the extent practicable, will transfer the
successful bidder to the awarded position within twenty (20) days of acceptance. In the event the
Company cannot allow the employee to transfer without negatively impacting the respective
operation, the employee will be paid at the higher rate of pay beginning the twenty-first
(21st) day after acceptance. An employee who is awarded a job posting outside his/her department cannot bid for another job for
a period of one (1) year. An employee who is awarded a job posting within his department cannot
bid for another job for a period of four (4) months.

- 13 -

 

ARTICLE 11

PROBATIONARY PERIOD

Section 1. All new employees (including persons who have broken prior service) will be considered
probationary employees for a period of seven hundred eighty (780) hours worked. Probationary
employees shall be subject to transfer, promotion, demotion, layoff and/or discipline including
discharge, at the sole discretion of the Company.

Section 2. Employees continued in employment after the end of the probationary period shall become
full-time employees and shall be credited with continuous service from the original date of hire.

Section 3. Unless Company policies provide otherwise, probationary employees will not be eligible
for any benefits granted to regular employees under this Agreement. No terms of this Agreement
other than this Article and the appropriate wage rate will apply to probationary employees.

ARTICLE 12

PERFORMANCE IMPROVEMENT PLAN /

PROGRESSIVE DISCIPLINE / ATTENDANCE

Performance Improvement Plan

Section 1. The purpose of the performance improvement process is to provide the Union and the
Company with a uniform and fair method of addressing job performance issues.

Section 2. When a job performance problem has been identified and the severity of the problem does
not warrant progressive discipline, the following procedure will be used in an attempt to improve
performance and/or to modify behavior.

A meeting will be held with the employee within seven (7) working days of the Company’s last
indication of the performance problem. At the meeting, the following will take place: The problem
will be identified, and the Company representative will listen to the employee’s perspective on the
problem and will be counseled. The Company will make an evaluation if the problem is likely to
recur. If it is unlikely that the problem will recur, the issue will be dropped. If there is a
probability that the problem will recur, then a Performance Improvement Plan (PIP) will be
developed with the employee.

The plan will include: a statement of the plan’s objective, a description of the way in which
performance improvement will be measured and identification of the date when the plan will be
reviewed, the “plan completion date” must be stated on the PIP and cannot exceed one year in duration. All plans will be given to the employee with a copy to the
Union President.

When a Performance Improvement Plan has been successfully completed, it will remain in the
supervisor’s working file until twenty-four (24) months after it was originally written. After
successful completion, it can only be cited as a basis for other PIP’s or discipline when the
behavior involved is the same as or similar to the behavior which caused the writing of the
original PIP. Twenty-four (24) months after the date the PIP originated, it will not be cited for
other PIP’s, discipline or job performance issues. The PIP original copy will remain in the
employee’s personnel file, located in the Human Resources Office.

- 14 -

 

Progressive Discipline

Section 1. If an employee fails to successfully complete or repeats the problem the Performance
Improvement Plan was designed to correct, a meeting will be held with the employee, the Union and
the Company. The Company will listen to the employee’s reasons for not successfully completing the
PIP. As a result of this meeting, the Company has the right to begin the progressive disciplinary
procedure as follows:

	 	Step 1:	 	 Written Warning
	 
	 	Step 2:	 	 One (1) day suspension without pay
	 
	 	Step 3:	 	 Three (3) day suspension without pay
	 
	 	Step 4: 	 	Discharge

Section 2. The type of progressive discipline given will be based upon the severity of the problem.
Progressive disciplinary procedures may be taken by the Company for just cause. In cases of
written warnings and suspensions, the Company will meet with the employee regarding the Performance
Improvement Plan. The employee will also be informed that further failure to improve performance
will result in the more severe discipline up to and including discharge.

Termination of employment will be in cases where the severity of the problem justifies termination
or in cases where other progressive disciplinary steps have been taken.

Section 3. A Union representative will be present, if available, at the meeting with an employee
establishing a PIP plan or upon the issuing of discipline. An employee may elect not to have a
Union representative present.

Section 4. Records of disciplinary action will remain in the employee’s personnel file for
twenty-four (24) months from the date it was originally written. Twenty-four (24) months after the
date it originated, the disciplinary action will not be cited for other progressive discipline or
job performance issues.

- 15 -

 

ARTICLE 13

HOURS OF WORK AND OVERTIME

Section 1. The normal workweek will begin at 12:01 a.m. each Tuesday and end at 12:00 midnight the
following Monday. Overtime will be paid for all hours worked in excess of forty (40) hours during
a workweek.

Section 2. Changes in working schedules (other than temporary incidental changes) will be discussed
in a MUC meeting prior to implementation and will be included on the agenda, distributed to the
members prior to the scheduled meeting.

Section 3. An employee who is called back for immediate work after leaving Company property or who
is called for immediate work outside their scheduled working hours, and actually begins working,
will be paid time and one-half (11/2) for work actually performed. Under this Section, employees will
be called out and paid for a minimum of five (5) hours at the time and one-half (11/2) rate (in lieu
of travel time and mileage).

Section 4. If an employee’s regularly scheduled shift is canceled less than ninety (90) minutes
before it is scheduled to begin, the employee will either work a minimum of four (4) hours or be
paid four (4) hours at his regular hourly rate in lieu of work.

Section 5. Upon prior approval of the supervisors involved, employees may mutually agree to
exchange shifts or days off provided the exchange does not cause any disruption or increased cost
to the Company, and that the exchange does not cause the employee to be on duty more than sixteen
(16) hours in any twenty-four (24) hour period. Such requests may not be unreasonably withheld and
will not be considered as flex time.

Section 6. The Company agrees that overtime will be distributed as uniformly and equally as
possible and practical within each classification. Employees will not be forced to work overtime
as long as there are employees in their classification who are qualified and willing to work such
overtime. If no qualified employees volunteer to accept requested overtime, the Company will
assign the overtime to a qualified employee, based on reverse order of department seniority.
Employees who decline offered overtime will be charged for the overtime offered as if it has been
worked for the purpose of overtime allocation. The existing overtime practices will be continued
through the life of this Agreement.

Section 7. Any employee who has worked sixteen (16) consecutive hours will be compensated at double
(2) time for all hours worked over sixteen (16). Any employee who has worked sixteen (16) or more
hours will be allowed a rest period of at least eight (8) hours with no loss of overtime pay.

Section 8. Pyramiding of overtime is prohibited.

- 16 -

 

Section 9. For the purpose of computing weekly overtime the following will be considered as time
worked: holidays, jury/witness service, Union business involving contract administration or
negotiations for the purpose of renewing this Agreement, which fall on an employee’s regularly
scheduled work day; or meetings, training and conferences required by the Company. These hours
will not exceed the number of hours in the employee’s normal workday.

Section 10. Except for the first shift worked for each work rotation, an employee will be given
twenty-four (24) hours notice of a change in shift. In the event that such twenty-four (24) hours
notice is not given, the employee shall receive one and one-half (11/2) times their base rate for all
hours worked on the first shift of the change. This does not apply to employees requesting change
of rotation.

Section 11. Employees who work a shift beginning 2:00 p.m. but no later than 4:00 a.m. will be paid
a shift differential of fifty cents ($.50) per hour.

ARTICLE 14

SICK/PERSONAL LEAVE/ATTENDANCE

Section 1. Effective July 17, 2007 and each July 1 during the term of this Agreement, employees who
have completed their probationary period shall have available six (6) full or partial, paid or
unpaid days for sick/personal leave each year as well as one (1) vacation day or personal holiday.
The vacation day or personal holiday may be taken at random and is to be used at the employee’s
discretion to cover attendance issues. This leave is intended for time for which the employee is
absent for reasons of non-work related sickness, injury or accident, emergency or personal
business.

Section 2. In order to receive payment for hours absent in a shift under this Article, employees
shall be required to submit on the first shift worked after the absence(s), a doctor’s statement
verifying the employee’s inability to work due to his/her own non-occupational illness or injury.

Section 3. Commencing September 2007 and each year thereafter, employees shall be paid a bonus for
all sick/personal days not used from July 1 of the previous year to July 1 of the current year.
Such bonus shall be paid as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	No. of Unused Days	 	Bonus Calculation
	6

	 	 	2.00	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	6 days
	5

	 	 	1.75	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	5 days
	4

	 	 	1.50	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	4 days
	3

	 	 	1.50	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	3 days
	2

	 	 	1.00	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	2 days
	1

	 	 	1.00	 	 	X
	 	hours/shift
	 	X
	 	base rate
	 	X
	 	1 day

- 17 -

 

Section 4. Pursuant to the Family and Medical Leave provisions in Article 22, employees who qualify
for Short Term Disability benefits are required to use available vacation, the personal holiday
and/or sick/personal days (or a combination thereof) to satisfy the waiting period. The Company
will waive the advanced notice requirement for an employee electing to use paid vacation.

Section 5 . Upon completion of their probationary period, employees shall be granted a
pro-rated number of full or partial, unpaid or paid sick/personal days available for use in the
remainder of the contract year. Employees completing their probationary period in July, August or
September are eligible for four (4) sick/personal days; in October, November or December, three (3)
days; in January, February or March, two (2) days; or in April, May or June, one (1) day.

Section 6. To maintain order and efficiency in the Stillwater Mining Company operation, employees
must be available to perform their work on a full-time basis. Good attendance, including reporting
to work on time, is a condition of continued employment.

Section 7. Any excused time off covered in the Collective Bargaining Agreement or under State or
Federal employment law will be excluded from this Article; however, proper reporting off procedures
must be followed for all absences.

Section 8. Reporting Off. Employees must call Dispatch at least thirty (30) minutes prior to the
start of their shift and state the reason for the absence. Calls must be made by the employee and
not from spouses, family members or others. Employees who report off properly will use one (1)
sick/personal day for each absence.

Section 9. Tardy. Employees will be considered Tardy should he/she report to work within ninety
(90) minutes at the Nye mine site or thirty (30) minutes at the Columbus facility from the start of
his/her scheduled shift. Employees that will be tardy should make reasonable efforts to contact
the Company prior to the start of their shift. Employees who are tardy will use one (1)
sick/personal day upon the third offense. Every tardy thereafter, and within the twelve (12) month
contract year, will result in the use of one sick/personal day.

Section 10. Employees who fail to properly report off shall be defined as AWOL and shall be charged
sick/personal days as follows:

	 	a.	 	Employee fails to report off properly, but calls within one hour after the start of
shift – uses 2 sick/personal days
	 
	 	b.	 	Employee does not call off – uses 3 sick/personal days

Section 11. Employees who have further absence(s), not otherwise provided for in this Agreement,
will be discharged.

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ARTICLE 15

LAY-OFF AND RECALL

Section 1. For the purpose of lay-off and recall, qualifications to perform the job(s) concerned
and seniority shall apply. The employee(s) with the least departmental seniority in the affected
classification within the department shall be the first full-time employee laid off in each
department, and so on. Employee(s) displaced from their classification(s) shall first be entitled
to displace the junior employee in their department provided they are qualified to perform the work
involved. Employee(s) not qualified to displace junior employees within their department shall be
entitled to displace the junior employee in other departments, based upon Union seniority, provided
they are qualified to perform the work involved. Upon recall, the last full-time employee laid
off will be the first full-time employee recalled, providing such employee is qualified to perform
the job in question, utilizing Union seniority. Temporary employees and probationary employees
will be laid off prior to employees on the seniority list, unless the temporary or probationary
employees have special skills not held by regular employees.

Section 2. An employee has fifteen (15) days to respond to a recall to work by certified mail. The
fifteen (15) days will begin running when the Company makes its initial attempt to recall. Unless
other arrangements are made, the recalled employee will have up to fifteen (15) days to return to
work after responding to the Company’s offer. Failure to respond or return to work within the time
limits outlined in this Section will result in a loss of seniority.

Section 3. The Company will meet with the MUC Committee to discuss any layoffs or
reduction-in-force prior to implementation. The Company shall notify the Union of any pending
layoff or reduction-in-force as far in advance as possible. In the event of a short-term layoff
(less than ninety (90) days in duration), the Company will maintain its portion of the cost to
maintain Company benefits during said layoff.

Section 4. For purposes of this Article, it is understood that an employee’s qualifications to
perform a job will be based on any relevant job-related criteria, utilizing established Job
Classification – Task Proficiency Matrices. The requisite skills, knowledge and ability to perform
the relevant tasks of the job may be determined through tests, licenses or certifications.

Section 5. The proposed creation of a new test, or the elimination or change of an existing test,
shall first be discussed with the Union President and Chief Steward of the affected department. If
the parties aren’t able to agree on such new test or changes, the Union may file a grievance as to
the reasonableness of the test as set forth in this Agreement.

Section 6. Employees on lay off are required to inform the Company of any address changes via
Certified Mail.

Section 7. If a laid-off employee, with recall rights, refuses a reinstatement offer, the employee
forfeits his/her Union seniority.

- 19 -

 

ARTICLE 16

SEVERANCE PAY

Section 1. Any full time employee who is laid off as a result of a long-term reduction-in-force (90
days or more), and having been in continuous full-time service of the Company for at least one (1)
year immediately prior to such lay-off shall be given one (1) week’s pay for each year of service
with the Company at the employee’s present base rate up to a maximum of fifteen (15) weeks’ pay to
be paid within thirty (30) days of lay-off.

Any full-time employee who is laid off and granted severance pay pursuant to this section, if
re-employed and subsequently laid off through a reduction-in-force, shall be denied a second
severance pay allowance unless continuous service since re-employment has been one year or more.
Any employee who, is laid off or whose employment is severed and granted severance pay pursuant to
this Section, returns to active work within a length of time which is less than that paid as
severance, may continue to reimburse the Company the excess severance pay within sixty (60) days of
recall. Any excess severance pay repaid to the Company as set forth above, shall be paid to the
employee in the event of a subsequent lay-off.

ARTICLE 17

CLASSIFICATION AND WAGES

Section 1. The classifications and rates of pay attached hereto as Appendix “A” shall be made a
part of this Agreement and shall continue in effect for the duration of this Agreement.

Section 2. The proposed creation of a new classification(s) or the elimination or change of an
existing classification(s) shall first be discussed at a meeting of the MUC Committee. If the
parties are unable to agree on such new classification(s) or changes, the Union may file a
grievance as set forth in this Agreement.

Section 3. Employees temporarily assigned to work in a classification other than their current
classification will continue to be paid the rate of pay for their current classification.

Section 4. Supervisory or other management personnel shall not perform work which is normally
performed by bargaining unit personnel, except for training or instruction, investigation, testing,
emergencies, and situations in which no qualified bargaining unit employee is available to do the
job required.

- 20 -

 

Section 5. If a full-time employee is demoted, through no fault of their own, from their regular
classification, the employee will receive the higher rate of pay for a period one (1) week for each
full year of service at the previous classification, at the time assigned to the lower
classification. There will be no pyramiding of rate retention under this Article.

Section 6. Employees classified as leadmen or when day-rated as leadmen are not empowered to take
disciplinary action, discharge, evaluate, schedule time off, medically test and medically report.

ARTICLE 18

BENEFITS

Section 1. The Company will provide bargaining unit members with the benefits described in this
Article.

Section 2. There will no unilateral changes by the Company to benefit levels during the life of
this Agreement, except those required by regulatory agencies.

Section 3. BENEFIT PLANS

	 	A.	 	Health Insurance (medical, dental and prescription)

	 	•	 	The Company will pay 80% of premium and Employee will pay 20% of the premium.
Employee premiums will be deducted on a pretax basis. Employee contributions will be
subject to adjustment on January 1 of each year of this Agreement.
	 
	 	•	 	Deductible does not apply to most provider services
	 
	 	•	 	$1,000 / $2,000 out-of-pocket maximum amounts
	 
	 	•	 	Diagnostic and preventative services: No deductible. Payable at 100 percent of the
allowable fee. Dental work involving crowns are designated Type II service.
	 
	 	•	 	Prescriptions

	 	 	 	 	 	 	 
	 
	 	Generic	 	$10	 	(30 day supply)
	 
	 	Formulary	 	$20	 	(30 day supply)
	 
	 	Non-Formulary	 	$30	 	(30 day supply)

	 	•	 	Some maintenance type prescriptions, i.e., high blood pressure, cardiovascular,
insulin. etc., are available in a 90-day supply for the price of (2) co-pays through a
mail order pharmacy.
	 
	 	•	 	Accident benefits are payable only for services provided within 90 days of the
Accident. After 90 days or $500, whichever comes first, general Plan Benefits apply.
	 
	 	•	 	Treatment of Chemical Dependency is subject to pre-authorization and case management

- 21 -

 

	 	B.	 	Short Term Disability

	 	•	 	Eligibility: All full-time active employees who regularly work at least 30 hours per
week and have completed one (1) year of continuous service.
	 
	 	•	 	Elimination Period: Loss of wages for 40 hours or 5 scheduled shifts, whichever is
less, for Disability due to a non-occupational injury or illness.
	 
	 	•	 	Schedule of Benefits

	 	 	 	 	 
	 

	 	Less than 1 year of Company seniority
	 	no benefits
	 

	 	1 year of Company seniority,	 	 
	 

	 	but less than 5 years of Company seniority
	 	60% benefit up to 26 wks
	 

	 	5 years or more of Company seniority
	 	100% benefit up to 26 wks

	 	C.	 	Long Term Disability

	 	•	 	Waiting Period: 180 days
	 
	 	•	 	Benefit: 60% of regular pay, not to exceed $6,000 per month subject to reduction by
deductible sources of income or Disability Earnings
	 
	 	•	 	Maximum Period: Age 65

	 	D.	 	401(k) Plan and Trust

	 	•	 	Employer contributions are equal to a 1 to 1 match based on an employee’s pretax
contributions up to 6%.
	 
	 	•	 	Employer matching contributions made in non-restricted Company stock
	 
	 	•	 	Maximum employee deferral amount will be 20%; subject to Plan guidelines and
limitations
	 
	 	•	 	During the term of this Agreement, the Company will maintain the current matching
contribution level for the 401(k) Plan and retains the ability to change the form of
match (cash or stock).

	 	E.	 	Vision Service Plan
	 
	 	F.	 	Company Sponsored Life Insurance and Accidental Death & Dismemberment
	 
	 	G.	 	Employee Assistance Plan and Nurse Advisor
	 
	 	H.	 	Employee Stock Purchase Plan
	 
	 	I.	 	Flexible Spending Accounts

			
	Section 4.	 	Revised benefit brochure will be distributed to all employees periodically. This
information is being provided as a summary only and not intended to replace or amend and
benefit Plan Documents or Summary Plan Descriptions.

- 22 -

 

ARTICLE 19

HOLIDAYS

Section 1. The following days shall be considered holidays:

	 	 	 
	New Year’s Day

	 	Good Friday
	Memorial Day

	 	Independence Day
	Labor Day

	 	Thanksgiving
	Day after Thanksgiving

	 	Christmas Eve
	Christmas Day

	 	Personal Holiday **

 

			
	**	 	Personal Holiday: Any day during the calendar year which the employee elects to take with
advance notice to, and approval from, the Company as set forth in Section 3 of this Article.

Section 2.

Pay for Holidays Worked

Employees who have completed the probationary period and work on any of the above holidays will
receive:

	 	A.	 	pay at the rate of time and one-half (1 1/2) for all hours worked, and

	 
	 	B.	 	pay at the regular straight-time rate for all hours worked on the holiday.

However, an employee absent on either the scheduled workday before or after the holiday will not
receive pay under Section 2.B. of this Article if the absence is not approved by the Company. To be
approved, the reason must be both verifiable by and acceptable to the Company.

Pay for Holidays Not Scheduled to Work

Employees who have completed the probationary period and are not scheduled to work on any of the
above holidays will receive:

	 	A.	 	pay at the regular straight-time rate for eight (8) hours;

However, an employee absent on either the scheduled workday before or after the holiday will not
receive pay if the absence is not approved by the Company. To be approved, the reason must be both
verifiable by and acceptable to the Company. An employee who is receiving disability benefits on
both the scheduled workday before and after the holiday will not receive pay for the holiday.

Pay for Holidays Scheduled, But Not Worked

	 	A.	 	Employees who have completed the probationary period and are scheduled to work
on any of the above holidays but fail to work will not receive holiday pay.

Section 3. Employees will be entitled to one (1) personal holiday which may be taken after the
employee has completed their probationary period, provided at least one (1) week’s notice is given to the Company. Scheduled annual vacation shall take precedence over the
scheduling of personal holidays.

- 23 -

 

In the case where more than one employee per crew requests to take a personal holiday on the same
day, department seniority will govern if the personal holiday has been scheduled between January 1
and March 31 of any year. Personal holidays will be allocated on a first come, first serve basis
if scheduled after April 1 of any year.

Personal holidays will be allocated and granted based on operational needs and the wishes of the
employee, not unreasonably denied. No more than one (1) person per crew shall be allowed off on
personal holiday on any particular day, except at Company discretion.

If the personal holiday is not used in the calendar year, the employee will be paid for eight (8)
hours for the personal holiday at their base rate. Personal holidays may not be banked or carried
over into the next year.

Full-time employees with at least one (1) year of continuous service who terminate or are laid off
shall receive pay in lieu of the current year’s unused personal holiday.

Section 4. An employee who works on a higher rated job, other than their regular job, on the last
scheduled shift immediately preceding and the first scheduled shift following an unworked holiday
will receive holiday pay for such holiday at the rate of the higher rated job.

An employee who works on a higher rated job, other than their regular job, on a holiday shall be
paid for such holiday at the holiday rate for the higher rated job.

- 24 -

 

ARTICLE 20

VACATION

Section 1. Employees will be eligible for paid vacation time in accordance with the following
provisions.

	 	 	 	 	 
	In Each Calendar Year In Which an	 	 	 
	Employee Completes	 	Amount of Paid Vacation Available	 
	1st through 4th year of service
	 	80 hours
	5th through 9th year of service
	 	120 hours
	10th through 20th year of service
	 	160 hours
	*21st year of service
	 	170 hours
	*22nd year of service
	 	180 hours
	*23rd year of service
	 	190 hours
	*24th year of service or more
	 	200 hours

 

			
	*	 	Employees beginning their 21st – 24th years of service will be credited new
hours on January 1, 2008.

Section 2. At the beginning of the calendar year, each full-time employee who has completed one
year of continuous service will be credited with vacation based on length of service. Upon
successful completion of their probationary period, employees who have credited service prior to
January 1 of the current year will be eligible for a pro-rated regular vacation. Such pro-rated
vacation shall be based on time worked in the preceding year and shall be scheduled, paid and
administrated in a manner equal to other regular vacation. Vacation must be taken in full-shift
increments, unless shift scheduling dictates otherwise. Vacation may, at Company request, be
“carried over” into the next calendar year. All unused vacation will be paid to the employee.
Vacation requests must be pre-authorized by the supervisor at least one calendar week in advance.

Section 3. At the beginning of each calendar year, full-time employees who have completed fourteen
(14) or more years of continuous service will receive a one thousand dollar ($1,000) bonus.

Section 4. Vacation schedules shall be posted or circulated among employees during the month of
January of each year for employees to indicate their vacation preference. Vacation request forms
will be utilized, with a copy of the approved form returned to the employee. Vacation will be
scheduled to meet the preference of employees whenever possible. In case of conflict over any
vacation period, vacation will be granted in order of union seniority. Where an employee elects to
split vacation, that employee’s seniority rights shall prevail only for the first choice until all
other employees in the vacation unit have had their first choice. It is understood that the Company retains the right to
schedule vacations as a operational conditions dictate; however, no employee shall be forced to take
vacation which has already been approved at a time undesirable to the employee.

- 25 -

 

Section 5. Holidays falling during an employee’s vacation will be compensated for by holiday pay or
by a one-day extension of the vacation, as the employee elects. If the employee elects to extend
the vacation it will be their next scheduled shift.

Section 6. Employees who do not take unused vacation at Company request may be paid in lieu of, in
addition to the amount earned by the employee based on time actually worked. If, due to an extreme
situation, the Company requires
an employee to work during a previously scheduled vacation, the Company will make the employee
whole for any verifiable, non-refundable expenses incurred by the employee. Subject to the
provisions of Section 2 of this Article, employees may choose to receive pay in lieu of time off
for vacation. For purposes of this Article, a full-shift of vacation will be determined by the
number of hours that the employee is normally scheduled to work. Example: An employee working a
10-hour shift will be required to take 10 hours vacation per day.

Section 7. An employee may request their vacation date be changed and the Company may grant such
request, based on operating needs and the existing approved vacation scheduled.

Section 8. An employee terminating service with the Company, for any reason, who has not taken the
vacation due that year, shall be paid for the same at the time of termination. In the event part
of the vacation has been taken, the employee will be paid for the unused portion not taken. In
addition, for each complete calendar month worked during the current year, employees will receive
1/12 (one-twelfth) of their earned vacation allotment.

Section 9. Full-time employees with a least one (1) year of continuous service who are laid off or
whose employment is terminated shall receive pay for any unused vacation, including a pro-rated
amount earned in the current year.

ARTICLE 21

UNION LEAVES OF ABSENCE

Section 1. The Company may grant a leave of absence, without pay, for Union officials or members to
attend Union functions. Such leaves shall be granted based on operating requirements of Company,
but shall not be unreasonably withheld. Employees shall retain service, seniority and benefits
during such leaves of absence.

Requests for such leaves must be made by the Union to the Company, and should be made with as much
advance notice as possible, but not less than fourteen (14) calendar days except in extenuating
circumstances.

- 26 -

 

Section 2. Upon thirty (30) days written notice from the Union, a leave of absence to perform work
for the Union will be granted for one (1) employee for a period of time of up to one (1) year. The
employee may elect to return to the employee’s previous classification with a thirty (30) day
written notice for reinstatement from the Union to the Company. Such employee will hold and
accumulate seniority and continuous service for all purposes during such leave. Upon request, the
employee will be allowed to continue in the Company Group Health Plan, and any Disability Plans, by
paying the full cost of the benefits during the leave. Reinstatement will be granted if the
employee is physically able to return to the previously held classification, as determined by the
Company paid physical examination. If the employee is physically unable to return to the previous
held classification, the employee will be allowed to return to a job the employee is qualified to
perform, if such job exists.

ARTICLE 22

FAMILY AND MEDICAL LEAVE

Section 1. The Company will comply with all applicable State and Federal laws, which address
employees’ rights to request or obtain family or medical leaves. Employees who have been employed
for at least one (1) year and worked at least 1250 hours during the preceding twelve (12) month
period, shall be granted leave of absence in the event of: the birth of a child and in order to
care for that child; the placement of a child for adoption or foster care, and to care for the
newly placed child; care for a spouse, child, or parent with a serious health condition; or a
serious health condition that makes the employee incapable of performing the essential functions of
his/her job.

Such leave will be guaranteed for up to a maximum of twelve (12) weeks in a rolling twelve (12)
month period. Leave while an employee is off work receiving short-term disability benefits or
worker’s compensation benefits will be designated as Family Medical Leave, to the extent that it
qualifies under State or Federal law, and will run concurrently with Family Medical Leave Act
“FMLA” leave.

- 27 -

 

Section 2. Request for such leave shall be made through the Human Resources Department. When the
need for leave is foreseeable, the employee shall provide at least thirty (30) days advance notice.
An employee may request more than one (1) family leave within a twelve (12) month period, but the
total time on leave within that period may not exceed twelve (12) weeks.

Section 3. The employee will provide medical certification to the Company confirming the need for
family and medical leave within 15 days of the request for leave. The request for such leave may
require renewal and new medical certification submitted to the Company every thirty (30) days.

Section 4. Credited service for all purposes under this Agreement will accrue during the period
covered by the family and medical leave of absence. The employee returning from family and medical
leave will be reinstated to the position held prior to the leave, or a comparable position.

Section 5. Employees will not be disciplined for absences covered under the FMLA. Employees will
not be required to use vacation for approved FMLA absences. However, the Company will waive the
advanced vacation notice requirement for an employee electing to use paid vacation for this leave.

Available vacation, the personal holiday and/or sick/personal days (or a combination thereof) used
to satisfy the waiting period for short-term disability benefits will not be charged against FMLA
leave entitlement.

Section 6. Represented Employees that are absent from work due to their own non-occupational
illness or injury and are eligible and approved for leave under the FMLA but do not qualify for STD
benefits will be required to substitute paid leave for the unpaid leave provided under the FMLA.

Employees absent in the above circumstances will be provided the option of using available regular
vacation, personal holiday and/or sick and personal days as paid time to be substituted for unpaid
Family and Medical Leave. The Company will waive the advanced notice requirement for an employee
electing to use paid vacation and/or personal holiday. The order and combination of which days to
be used is at the option of the employee, provided that their selection is made in writing and
received by the Human Resources department no later than 15 days after receiving notice that such
selection needs to be made. If the employee makes no choice to the contrary within the 15 days,
the Company will substitute available sick/personal days, regular vacation and the personal
holiday, in that order, for all unpaid Family and Medical leave taken under the circumstances
described herein.

- 28 -

 

Section 7. Employees will not perform work for pay while on family and medical leave, except with
written permission of the Company.

Section 8. All other requirements and conditions under the FMLA of 1993 shall apply.

ARTICLE 23

MILITARY SERVICE

Section 1. The Company shall accord to each employee who leaves active employment to enter military
service of the United States or Reserve or National Guard, such rights as the employee shall be
entitled to under the Uniform Services and Reemployment Rights Act (USERRA).

Section 2. With the exception of an Executive Order, any employee who is required to attend duty
for the Reserve of the Armed Forces or the National Guard shall be paid, for a period or periods
not to exceed a total of seventeen (17) days per calendar year and such pay shall be the excess of
the employee’s base wages over Government base wage for the period of military leave, not to
include any forms of living expenses.

ARTICLE 24

BEREAVEMENT LEAVE

Section 1. In the event of the death of an employee’s immediate family member, a reasonable period
of unpaid leave will be granted to the employee. Immediate family includes the employee’s spouse,
children, stepchildren, parents, stepparents, brothers, sisters, stepbrothers, stepsisters,
grandparents and grandchildren, and the parents and grandparents of the employee’s spouse.

Section 2. To offset the expenses associated with attending the funeral, any employee who has
completed the probationary period will be paid forty (40) hours of base wages in the event of the
death of a spouse, child or step-child, or twenty-four (24) hours of base wages in the event of the
death of any other immediate family member listed above.

- 29 -

 

ARTICLE 25

JURY AND WITNESS DUTY

Section 1. Employees selected for jury duty or subpoenaed for witness service are expected to
report for such jury duty or witness service, and will be allowed the necessary time off to perform
such service. Employees shall contact their Human Resources Representative or immediate supervisor
prior to reporting for jury duty or subpoenaed witness service. An employee who reports and is
then released from such service shall immediately contact the employee’s supervisor to coordinate
return to work. The Company will make reasonable allowances for travel and shift schedules.

Regular full-time employees who are absent because of jury duty, government subpoena where the
Company is not a party, or Company subpoena, will be paid the difference between the jury duties or
specified witness pay and their normal base wages for scheduled shifts missed. Employees will be
required to provide documentation of such service to receive applicable pay.

- 30 -

 

ARTICLE 26

CONTRACTING OUT

Section 1. The Company, having the availability of equipment, skills, manpower, or the time to do
the work, shall not contract out classified work now being done by employees of the Company as long
as there are qualified employees or qualified former employees with re-employment rights and
provided such contracting does not result in the layoff of employees or their displacement to other
job classifications covered by this Agreement. This shall not apply to the installation of
equipment or construction or any other activities not ordinarily done by employees of the Company.

Section 2. Before commencing any major contract job to be performed on the premises, the Company
will notify the Local Union President or designee, in writing, describing the nature, scope, and
expected duration of the work to be performed. The Company further agrees that it will meet, as
necessary, with the Local Union President or designee, to discuss information concerning
contracting out. Requests for such meetings shall not be unreasonably denied.

ARTICLE 27

MANAGEMENT RIGHTS

Section 1. Management retains all the general and traditional rights to manage the business as well
as any rights under the law or agreed to by the parties. These rights rest exclusively in
management who are the sole decision makers regarding the operation of the business. The following
list of specific management rights is not intended to be all-inclusive, but simply sets forth some
of those rights considered to be general rights of management. The fact that a particular
management right is not included in the following listing does not mean the right does not exist.

Section 2. Management retains the right to determine the number of employees required by the
Company at any place from time to time, for any and all operations; to determine the jobs, content
of jobs and to modify, combine or end any job, department or operation; to hire, classify,
transfer, promote, demote and layoff employees; to determine qualifications, evaluate performance
and assign and direct the workforce; to maintain order and discipline; and to reprimand, suspend,
discharge and otherwise discipline for just cause.

- 31 -

 

Section 3. The Company has the right to create and administer rules, policies and procedures. This
will include the right to establish or revise attendance, work, substance abuse, drug and/or
alcohol testing, functional testing and safety rules. The Company has the right to establish or
revise a disciplinary policy to address violations of these rules.

Section 4. Management retains the right to determine the number and types of facilities and working
places, the kinds and locations of machines, tools and equipment to be used; and the right to
schedule production; to maintain efficiency; to introduce new or improved research methods,
materials, processes, techniques, machinery and equipment; means of processing, distribution and
mining; to set the standards of
productivity and the products to be produced; to determine employees’ working schedules, including,
but not limited to, the number of hours and shifts to be worked; to determine when overtime work is
necessary and to assign overtime; to choose customers; to utilize part-time and temporary
employees; to decide where or when training on a particular operation or job is required, how much
training is required and the right to move or retrain employees; to determine the amount and form
of any incentive and/or bonus compensation to be paid in addition to wages; to establish,
implement, modify, suspend or terminate any contract or incentive program; and, to use independent
contractors to perform any work or services provided such contracting does not result in the layoff
of employees covered by this Agreement.

Section 5. Management’s failure to exercise any right or function reserved to it, or the exercise
of a management right in a particular way shall not prevent the Company from exercising any of its
rights in the future or in some other way not in conflict with the express provisions of this
Agreement. The only restrictions on management rights will be any documented memorandum of
understanding with the Workers Committee expressly provided for in this Agreement.

Section 6. The exercise of these rights alleged to be in conflict with any other provision of this
Agreement shall be subject to the grievance and arbitration procedures herein.

ARTICLE 28

MINE/PLANT CLOSURE

Section 1. The Company agrees it will notify the Union in writing of any mine/plant closure at
least thirty (30) days in advance, or as is practical, in compliance with the Worker Adjustment
Retraining and Notification Act. The Company and the Union shall meet to bargain in good faith
regarding the effect and possible options for employees and the Company.

- 32 -

 

ARTICLE 29

NO STRIKE

Section 1. During the term of this Agreement, there will be no strike, work stoppage, picketing,
honoring of any picket line at the Company premises, work slowdown, sympathy strike, or any other
form of economic pressure directed against the Company or its services on the part of the Union or
its members covered by this Agreement. The Company will not lock out any bargaining unit employee
during the term of this Agreement.

Section 2. In the event of any breach of this Article, the Union will immediately declare publicly
that such action is unauthorized, will immediately order its members to resume their normal duties
and continue to take any necessary action to correct the problem and restore the Company to full
operation.

ARTICLE 30

PAST PRACTICE

Section 1. This Agreement supersedes any previous oral and written agreements between the Company,
its employees and the Union. The Company will not be bound by any past understandings, practices
and/or customs between the Company, its employees, and the Union on matters not specifically
governed by the terms of this Agreement, except those mutually agreed upon in writing during the
negotiation for this Agreement.

ARTICLE 31

VALIDITY

Section 1. Nothing contained in this Agreement shall be construed in any way as interfering with
the obligation of the parties hereto to comply with any and all State and Federal laws, or any
rules, regulations, and orders of duly constituted authorities pertaining to matters covered
herein, and such compliance shall not constitute a breach of this Agreement.

Section 2. If any court shall hold any part of this Agreement invalid, such decision shall not
invalidate the entire Agreement.

- 33 -

 

ARTICLE 32

MISCELLANEOUS

Section 1. The Company and the Union desire every employee to be familiar with the provisions of
the Collective Bargaining Agreement and employee’s rights and duties under it. The Company and the
Union shall equally share the expense to print and provide a copy of this Agreement in booklet form
produced by a union print shop, if available, to each employee.

Section 2. The Company shall provide a safety shoe/boot allowance for all represented employees in
the amount of $200.00 payable in July of each year. In addition the Company shall provide a safety
shoe/boot allowance for all employees normally working underground at the Nye mine of $150.00 in
the months of November and March. Probationary employees are entitled to the allowance after
completing their probationary period and each contract year thereafter during the life of this
Agreement. For the purpose of this article employees eligible for safety shoe/boot allowance shall
be paid as per their classification on the last day of the month prior to the payment due.

Section 3. The Company will provide a secure bulletin board at each of the locations covered by
this Agreement.

Section 4. Employees in the bargaining unit shall have access to their own personnel file, by
appointment with the Human Resources Manager, for the purpose of reviewing it in person. A Union
representative may accompany the employee, with the employee’s permission.

Entries placed in an employee’s permanent personnel file shall be in writing. A copy of such
entries shall, upon request, be given to the involved employee. An employee may elect to provide a
copy to their Union representative. The employee may also make a
written reply to any disciplinary action and have same placed in the permanent personnel file.

The Company will provide, upon request, relevant and necessary information, to the Union, in order
to administer the contract during its term.

Section 5. Required notices may be made by personal service, confirmed facsimile transmission,
e-mail or certified mail, return receipt requested. The designated party for the Company is the
Human Resources Manager. The designated party for the Union is the International Representative.
Each party will provide the other with the name and address of the individual who is authorized to
receive notices under this Section.

- 34 -

 

Section 6. Any employee required to work more than two (2) hours beyond the normal quitting time
will be provided with a meal. An additional meal will be furnished for each additional four (4)
hours of continuous work. The Company may, with the agreement of the involved employees, in lieu
of a meal and time to eat the meal, compensate the employee by the payment of one (1) additional
hour at time and one-half (11/2).

Section 7. Employees that have completed probation and have less then one (1) year of service may
request an Emergency Leave of Absence for the reasons set-forth below in subsection (b). Before
any leave of Absence can be considered under this article, the employees must have used all their
vacation, sick/personal leave and personal holiday, and have a reasonable assurance of returning to
work unrestricted.

	 	a.	 	Upon an employee making the request for the Leave of Absence under this section of the
Collective Bargaining Agreement, the Company and Union will meet to review the employee’s
request and determine whether he or she has the special circumstance to qualify for such
leave.
	 
	 	b.	 	This leave of absence will be utilized only for legitimate medical reasons. For
purposes of this section, a legitimate medical reason is defined as one that satisfies the
requirements for Family Medical Leave Act.
	 
	 	c.	 	Any occurrence which exceeds thirty (30) calendar days requires the employee to request
an extension in writing to the Company’s Human Resource Department. Upon receipt of an
extension request, the Company and Union will meet and determine if the extension will be
approved.

Any occurrence request for leave under this section will require the employee to provide proof of
medical condition.

- 35 -

 

ARTICLE 33

COMPLETE AGREEMENT

Section 1. This Agreement during its life may be amended only by mutual consent of the parties
hereto. Any amendments made to this Agreement shall be reduced to written form and shall be duly
signed by the authorized representatives of the Company and Union.

Section 2. The parties acknowledge that during the negotiations resulting in this Agreement, each
had the unlimited right to make proposals with respect to all subjects of collective bargaining.
The understandings and agreements arrived at by the parties after exercise of that right are
included in this Agreement. Therefore, the Company and the Union each waive the right and each
agrees that the other will not be obligated to bargain collectively with respect to any matter
referred to by this Agreement or with respect to any subject not specifically referred to in this
Agreement, except those required by law, even though the subject may not have been within the
knowledge or contemplation of either or both of the parties at the time that they negotiated this
Agreement.

- 36 -

 

APPENDIX A
 

STILLWATER MINING COMPANY

BARGAINING UNIT BASE RATES STRUCTURE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	7/17/2007	 	7/1/2008	 	7/1/2009	 	7/1/2010
	Position Title	 	Base Rate	 	Base Rate	 	Base Rate	 	Base Rate
	Leadman — Mechanic (Mine Maint/Concentrator/Smelter/BMR)
	 	 	27.38	 	 	 	28.48	 	 	 	29.62	 	 	 	30.80	 
	Leadman — Electrician (Mine Maint/Concentrator/Smelter/BMR)
	 	 	27.38	 	 	 	28.48	 	 	 	29.62	 	 	 	30.80	 
	Leadman (Lab)
	 	 	27.38	 	 	 	28.48	 	 	 	29.62	 	 	 	30.80	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mechanic 1 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	25.13	 	 	 	26.14	 	 	 	27.19	 	 	 	28.28	 
	Electrician 1 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	25.13	 	 	 	26.14	 	 	 	27.19	 	 	 	28.28	 
	Hoistman 1
	 	 	25.13	 	 	 	26.14	 	 	 	27.19	 	 	 	28.28	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Leadman (Mine/Concentrator/Smelter/BMR)
	 	 	25.00	 	 	 	26.00	 	 	 	27.04	 	 	 	28.12	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Leadman (Warehouse)
	 	 	24.26	 	 	 	25.23	 	 	 	26.24	 	 	 	27.29	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mechanic 2 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	23.15	 	 	 	24.08	 	 	 	25.04	 	 	 	26.04	 
	Electrician 2 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	23.15	 	 	 	24.08	 	 	 	25.04	 	 	 	26.04	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Miner 1
	 	 	22.71	 	 	 	23.62	 	 	 	24.56	 	 	 	25.54	 
	Sublevel Miner 1
	 	 	22.71	 	 	 	23.62	 	 	 	24.56	 	 	 	25.54	 
	Operator 1 (Concentrator/Smelter/BMR)
	 	 	22.93	 	 	 	23.85	 	 	 	24.80	 	 	 	25.79	 
	U/G Construction 1
	 	 	22.93	 	 	 	23.85	 	 	 	24.80	 	 	 	25.79	 
	Lab Tech 1
	 	 	22.93	 	 	 	23.85	 	 	 	24.80	 	 	 	25.79	 
	Hoistman 2
	 	 	22.93	 	 	 	23.85	 	 	 	24.80	 	 	 	25.79	 
	Diamond Driller 1
	 	 	22.71	 	 	 	23.62	 	 	 	24.56	 	 	 	25.54	 
	Raisebore 1
	 	 	22.71	 	 	 	23.62	 	 	 	24.56	 	 	 	25.54	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Heavy Equipment Operator 1
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	Miner 2
	 	 	21.64	 	 	 	22.51	 	 	 	23.41	 	 	 	24.35	 
	Sublevel Miner 2
	 	 	21.64	 	 	 	22.51	 	 	 	23.41	 	 	 	24.35	 
	Sand Plant Operator
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	Sandfiller
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	U/G Equipment Operator 1
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	Warehouse 1
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	U/G Construction 2
	 	 	21.85	 	 	 	22.72	 	 	 	23.63	 	 	 	24.58	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mechanic 3 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	19.69	 	 	 	20.48	 	 	 	21.30	 	 	 	22.15	 
	Electrician 3 (Mine Maint/Concentrator/Smelter/BMR)
	 	 	19.69	 	 	 	20.48	 	 	 	21.30	 	 	 	22.15	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	U/G Equipment Operator 2
	 	 	18.86	 	 	 	19.61	 	 	 	20.39	 	 	 	21.21	 
	Diamond Driller 2
	 	 	18.67	 	 	 	19.42	 	 	 	20.20	 	 	 	21.01	 
	Heavy Equipment Operator 2
	 	 	18.86	 	 	 	19.61	 	 	 	20.39	 	 	 	21.21	 
	Operator 2 (Concentrator/Smelter/BMR)
	 	 	18.86	 	 	 	19.61	 	 	 	20.39	 	 	 	21.21	 
	Lab Tech 2
	 	 	18.86	 	 	 	19.61	 	 	 	20.39	 	 	 	21.21	 
	U/G Construction 3
	 	 	18.86	 	 	 	19.61	 	 	 	20.39	 	 	 	21.21	 
	Miner 3
	 	 	18.67	 	 	 	19.42	 	 	 	20.20	 	 	 	21.01	 
	Sublevel Miner 3
	 	 	18.67	 	 	 	19.42	 	 	 	20.20	 	 	 	21.01	 
	Raisebore 2
	 	 	18.67	 	 	 	19.42	 	 	 	20.20	 	 	 	21.01	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	U/G Equipment Operator 3
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Heavy Equipment Operator 3
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Warehouse 2
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Operator 3 (Concentrator/Smelter/BMR)
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Lamp Repairer
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Lab Technician 3
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	Custodian
	 	 	16.57	 	 	 	17.23	 	 	 	17.92	 	 	 	18.64	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Trainee/Laborer
	 	 	15.00	 	 	 	15.50	 	 	 	16.00	 	 	 	16.50	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Company agrees to pay represented employees providing EMS service to Stillwater Mine and the
Columbus facilities within the following guidelines.

	 	•	 	The Company will schedule appropriate EMS continuing education sessions at site.
	 
	 	•	 	The Company will schedule adequate sessions for each EMS employee to keep their
certification active and up to date.
	 
	 	•	 	The Company will make reasonable efforts to schedule these sessions in such a fashion
that the EMS employees will not have to miss any regularly scheduled work.
	 
	 	•	 	It is expected, to the extent practicable, that represented EMS employees participate in
continuing education classes that are scheduled on other than the employees’ regular
shifts.
	 
	 	•	 	Time spent in the EMS continuing education classes will be considered as worked time.
	 
	 	•	 	Represented employees that attend and participate in EMS continuing education classes
will be paid at their regular classified rate of pay for the time spent in such classes.

This Agreement will remain in effect until the end of the current term of the CBA, unless modified
or extended by mutual consent.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Company provides a bonus payment to employees who participate in Mine Rescue at Stillwater
Mine. The Company agrees to continue its current practice through the life of this Collective
Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Each year, employees classified as mechanics and electricians will receive a tool allowance of $400
and $200, respectively.

The Company agrees to continue to provide the Union with tool inventory guidelines and requirements
for employees classified as mechanics and electricians in each of their respective departments.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Company agrees to provide busing for employees to the Stillwater Mine.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Stillwater Mining Company (Company), and USW International Union hereby agree to the following:

Hourly employees represented by the USW International Union, Local 11-0001, Nye mine will be able
to transfer to available hourly positions listed in the Collective Bargaining Agreement in place at
the East Boulder mine under the following conditions:

	 	•	 	Employees wishing to transfer from Nye to East Boulder must contact their site Human
Resource department.
	 
	 	•	 	Employees requesting a transfer must have completed their probationary period under
the CBA.
	 
	 	•	 	The Company will determine the transfer qualifications based on relevant job-related
criteria utilizing job skills assessment. The requisite skills, knowledge and ability
to perform the relevant tasks of the job may be determined through tests, licenses or
certifications.
	 
	 	•	 	Employees who have incurred any of the following in the twelve (12) months prior to
transfer are not eligible for transfer consideration:

one (1) or more suspensions, or

two (2) or more written safety-related disciplinary actions, or

one (1) or more safety-related lost time incidents, or

one (1) or more MSHA medical reportable incidents
	 
	 	•	 	Employees may be given one transfer opportunity per rolling 12 months regardless
whether they assume the position they are awarded or if they decline the position they
are awarded.
	 
	 	•	 	In the event the Company cannot afford to allow the employee to transfer at the
requested time (due to manpower, required skill, etc.) the Company will put the employee
on a list to be transferred at a time when the Nye operation will not be negatively
impacted.
	 
	 	•	 	Employees will establish new department seniority at the transferred location
beginning with their first day of work at that facility. Company seniority will not be
adversely affected for the purpose of vacation entitlement and 401-k vesting.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Stillwater Mining Company (Company), and USW International Union, Local 11-0001 hereby agree as
follows:

The following past practices or prior settlements will be continued throughout the duration of this
Agreement:

	 	•	 	Pay each of the employees assigned continuously to the Sandfill/Sand Plant Operator
area (as determined by the Mine Department Deployment listings) after January 1, 2001,
and after being assigned to either one or both of the areas for 90 or more days, the
hourly wage rate listed for the Sandfiller/Sand Plant Operator in the Collective
Bargaining Agreement.
	 
	 	•	 	Change the classification of the Underground Equipment Operators working as
Sandfillers or Sand Plant Operators to the appropriate Sandfiller/Sand Plant Operator
classification.
	 
	 	•	 	Develop a Sandfiller/Sand Plant Operator Training Pool position, jointly with the
Union, for the purpose of training and developing employees at the Stillwater Mine in
the skills required to become a Sandfiller or Sand Plant Operator. The Sandfiller/Sand
Plant Operator Training Pool positions will be filled in accordance with Article 10 of
the Collective Bargaining Agreement. Employees will be assigned to the Sandfiller/Sand
Plant Operator Training Pool for a maximum of 90 working days. Employees being assigned
to the Sandfiller/Sand Plant Operator Training Pool will retain their current hourly
wage rate, not to exceed the Sandfiller or Sand Plant Operator wage rate as listed in
the collective Bargaining Agreement.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Company agrees to review on a “case-by-case” basis eligible participant claim’s, that have been
processed under the Company’s Health Plan in which there is support that indicates the level of
benefit being provided has been reduced due to the conversion of Health Plan Providers between BCBS
of Montana and Employee Benefit Management Services (EBMS).

Disputed claims shall be presented, in writing, to the Chair of the Benefit Committee within 30
days of first receipt/knowledge of alleged discrepancy to the benefit level. In the event a
reduction in benefit levels is determined, a written response listing remediation will be forwarded
to the participant with a copy to the Union.

It is understood that claims with adverse benefits determinations are still subject to the “Claims
Procedures Guidelines” and “Claims Appeal Process” as listed in the Stillwater Mining Company
Employee Health Benefit Plan Document.

It is also understood that neither signatory to this agreement will waive any rights under the
parties Collective Bargaining Agreement.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Union and the Company recognize that it is the intent of the Company to establish and implement
an Electrician Training Program at Stillwater Mine. The Union and the Company agree that available
Electrician Trainee positions, as determined by Management, will be bid under the terms of the
Collective Bargaining Agreement. It is further agreed that successful applicants for the
Electrician Trainee program will be classified and paid as Electrician 3’s, upon their transfer
date into the training program. Future upgrades as Electricians will depend upon the trainee’s
ability to satisfy the applicable provisions of the CBA, as well as the requirements of the
training program.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Whenever the Metallurgical Complex determines a Trainee/Laborer vacancy exists, the vacancy will be
posted as per Article 10, Job Postings of the Collective Bargaining Agreement.

For employees who have completed their probationary period, the hourly wage rate for internal
candidates that have been awarded a Trainee/Laborer position will be at the Level 3 position rate
for a BMR/Smelter Operator, Lab Technician, BMR/Smelter Mechanics, or BMR/Smelter Electrician.
Probationary employees will be paid at the Trainee/Laborer rate.

Employees in training will transition to the Level 3 position provided they have acquired the
requisite skills, knowledge and ability to perform the tasks per the Job Classification – Task
Proficiency Matrix.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Stillwater Mining Company (Company) at its Stillwater Mine and Columbus Processing facilities and
United Steel Workers Local 11-1 (Union) have established tool lists and the following
administrative guidelines through respective mutual agreements. The intent is to manage the cost
and responsibility between supervision and represented hourly employees. The following points will
govern the way the tool list and replacement of tools are to be done.

	•	 	Required Tool List(s): The Union and the Company have jointly
agreed upon the list(s) of tools required for Mechanics and
Electricians at the various sites and areas of work. Employees
classified as Mechanics or Electricians will be expected to have
all of the required tools listed for their site, classification
and area and that all such tools will be at site when the employee
is working in their classification. Employees promoted to higher
grades within their classification that require additional tools
will be allowed 30 calendar days from their date of promotion to
bring the additional tools to site.
	 
	•	 	Replacement of Damaged Tools: The Company will replace the
following required tools that have been jointly agreed upon as
“consumable” items. Those items are: hacksaw/blades, 3 pound
hammer, utility knife/blades, small pipe wrench/jaws (10 to 18
inch), taps, dies, drill bits, tape measure and torpedo level. The
employee will need to have taken reasonable precautions in the
care of the tool in question. The employee needs to bring the core
of the tool, if possible, to the supervisor with a reasonable
explanation of the damage to the tool. The Company will replace
such items in a timely fashion.
	 
	•	 	Replacement of Lost or Stolen Tools: The Company has a method of
investigating the theft or lost items at SMC. If the situation
shows the employee to have been responsible in the care of the
tools in question and through no fault of their own the tool is
lost or stolen the Company will replace the tool with a tool of
equal or better quality.
	 
	•	 	Air Tools: The Company and the Union agree that the Company will
furnish required air impacts. Effective with date of this MOU, the
Company will begin a program to provide the necessary air impacts.
As soon as is practicable, required air impacts will be purchased
by the Company for employee use. As these are distributed,
employees will be instructed to remove their personal air impacts
from the property. During the transition period, the Company
agrees to repair or replace employee’s air impacts that become
worn out or damaged through normal use.
	 
	•	 	Tools Needed to do the Job: The Union and the Company understand
that as times change so do the tools needed to do efficient work.
If there is a need to change the agreed upon lists it will be
through meetings of the MUC and will be through mutual agreement.
	 
	•	 	Employee Responsibility: The Company and the Union agree that
employees have the primary responsibility for the proper care and
security of Company provided tools as well as their own personal
tools. It is in the best interest of both the Union and the Company that employees are allowed reasonable time to inspect, clean and/or secure all
tools that they use. Broken tools should be returned to the manufacturer. Employees are
encouraged to purchase required tools from manufacturers that provide lifetime replacement
warranty. The Company and the Union also agree that the employees in these departments will be
instructed to take home any and all tools not clearly defined on the agreed upon tool lists.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Based on discussions through the negotiation of the Collective Bargaining Agreement (CBA), the
Company recognizes employee concerns with the Miner’s Incentive Plan (Plan.). The Company will, in
good faith, work to improve communications between the employees, the Union and the Company on all
aspects of the Miner’s Incentive Plan.

The Company will not make Plan reductions in the Miner’s Incentive unless mutually agreed upon with
the Union. Structural changes within the Plan will be discussed with the Union prior to
implementation. Thirty (30) days advance notice of such changes will be given to the Union and to
the employees involved. The Union will also be notified of any incidental or administrative
adjustments, which may become necessary throughout the CBA period. Changes where a rate or payment
reduction is reasonably expected are subject to mutual agreement.

Modifications, exclusive rates or rate adjustments due to abnormal circumstances, for example those
for Ground Types IV and V, that are presently provided for in the Miner’s Incentive Plan are not
subject to mutual agreement.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

An employee who has qualified for Long Term Disability, Short Term Disability and/or Workers
Compensation will be able to participate in the following benefit plans, Medical/Dental &
Prescription Plan, Vision Service Plan, Employee Assistance Program, Nurse Advisor Program;
provided the employee continues to pay their portion of the premium. Non-payment of premiums will
result in loss of coverage.

The maximum benefit period is two (2) years. Employees will be eligible for COBRA benefits after
the benefit period has been terminated.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

Safety Eligibility

The Safety Eligibility for Miner’s incentive shall change from a 50% loss of incentive to a
25% loss of incentive for a lost time accident, as long as the Nye Mine site’s year to date safety
incident rate does not exceed 3.5.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007.
	 	 

 

 

Memorandum of Understanding

Between

Stillwater Mining Company

AND

USW International Union

The Employee Incentive Plan (EIP) will continue until July 1, 2011. The Company will administer
the EIP.

The Company will not make Plan percentage reductions in the EIP unless mutually agreed upon with
the Union. Structural changes within the Plan will be discussed with the Union prior to
implementation. Sixty (60) days advance notice of such changes will be given to the Union and
thirty (30) days to the employees involved. The Union will also be notified of any incidental or
administrative adjustments, which may become necessary throughout the CBA period.

The Company will administer the EIP. The incentive payment percentage shall range as shown below
for an employees wages earned during the bonus month.

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	90%
	 	95%
	 	100%
	 	105%
	 	110%
	 
	 	 	 	 	 	Target	 	 	 	 
	EIP
	 	1.0%
	 	2.0%
	 	3.5%
	 	6.0%
	 	8.0%

The parties agree that during the term of this labor agreement the EIP targets shall be established
as set up below.

Underground — the total tons broken target will be set by a rolling 3-month average (excluding July
2007). Changes in the target calculation will be limited to significant changes in operations.

Concentrator/Surface the targets for recovery and con-ratio will be set by a rolling 3-month
average (excluding July 2007). Changes in the target calculation will be limited to significant
changes in the process and/or operations.

Smelter/Refinery/Lab current matrix administration will continue. Changes in the target
calculation will be limited to significant changes in operations.

This Memorandum of Understanding will expire with the Current Collective Bargaining Agreement.

Stillwater Mining Company

	 	 	 
	 

Company Official

	 	 
	 
	 	 
	USW International Union
	 	 
	 
	 	 
	 

Union Official

	 	 
	 
	 	 
	Signed this                      day of                                         , 2007

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