Document:

<PAGE>   1
                                                                    Exhibit 10.4

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (the "Agreement") is dated as of January ___,
2000, and is entered into between WEIRTON STEEL CORPORATION, a Delaware
corporation (the "Company"), and DAVID L. ROBERTSON (the "Employee").

         WHEREAS, Employee and the Company desire to embody in this Agreement
the terms and conditions of Employee's employment by the Company;

         NOW, THEREFORE, the parties hereby agree as follows:

         1. Employment. The Company hereby employs the Employee and the Employee
hereby accepts employment from the Company upon the terms and conditions
hereinafter set forth.

         2. Term. (a) The term of employment under this Agreement shall commence
on the date hereof and end on the date this Agreement is terminated by either
the Company or the Employee as hereinafter provided in this Section 2 or in
Section 17.

                  (b) The Company may, at its election, terminate the employment
of the Employee and related obligations of the Company under this Agreement as
follows:

                  (1) For Disability. Upon 30 days prior notice in the event the
Employee has been so incapacitated that he has been unable to perform the
services required of him hereunder for a period of 150 of 180 consecutive days
and such inability is continuing at the time of such notice. The Company, at its
sole cost and expense, shall continue to provide and keep in force during the
period of incapacity which remains after such termination, but not after age 65,
such income replacement, sickness and accident and health insurance coverages
for the Employee and his dependents of the types provided by the group benefit
plans of the Company for employees of

                                       1
<PAGE>   2

the highest job classification under the Company's Program of Insurance Benefits
for Salaried Employees (the "Insurance Program"), which coverages shall be at a
level commensurate with other executive vice presidents.

                  (2) For Just Cause. "For just cause" upon notice of such
termination to the Employee. Termination of the Employee's employment by the
Company shall constitute a termination "for just cause" only if such termination
is for one of the following reasons: (i) conviction of a felony punishable by a
prison sentence of more than one year; (ii) habitual use of drugs without a
prescription or habitual, excessive use of alcohol to the extent that any of
such uses materially interferes with the Employee's performance of his duties;
(iii) refusal or failure, after written notice, by the Employee to perform or
discharge duties and responsibilities appropriate to his position as Executive
Vice President, Human Resources and Corporate Law which are properly assigned to
him by the Chief Executive Officer of the Company or the Board of Directors,
which refusal or failure amounts to an extended and gross neglect of his duties
to the Company; (iv) breach of Section 8 of this Agreement; or (v) breach of any
confidentiality Agreement between the Company and the Employee. Except as
otherwise specifically set forth in this Agreement or as otherwise prohibited by
law, all rights and obligations of the Employee, except such obligations as are
created by Sections 6, 7 and 8 hereof, and all obligations of the Company under
this Agreement, shall cease and terminate on, and as of, the date of termination
of employment for just cause.

                  (3) Without Cause. Without cause by not less than five days
prior notice in writing, provided that within 10 days of the effective date of
such termination the

                                       2
<PAGE>   3

Company shall pay to the Employee a single lump sum amount (the "Lump Sum
Payment"), calculated as follows, where:

                  X        is 24 months of Employee's base salary; and

                  Y        is any applicable federal, state or local tax or
                           liability imposed on Employee as a result of the Lump
                           Sum Payment, including, without limitation, social
                           security taxes, income taxes and excise taxes, which
                           amount shall be withheld by Corporation and paid by
                           Corporation to the appropriate agency for and on
                           behalf Employee.

                  Then, LUMP SUM PAYMENT = X + Y.

                           It is the intent of the parties that the foregoing
Lump Sum Payment calculation shall result in Employee's receipt of an amount
equal to 24 months of Employee's Base Salary net of all applicable federal,
state and local taxes, and Corporation's payment to the appropriate taxing
authority of any applicable federal, state or local tax or liability imposed on
Employee. Furthermore, for a period of 24 months following the date of
termination, Company shall continue to provide for the Employee the medical,
dental, life and disability insurance, which were provided to the Employee
immediately prior to such notice. Employee shall be treated as an inactive
employee for 24 months after the date of termination. If the Company is entitled
to terminate the employment of the Employee in accordance with subsection (1) or
if the Employee is at the time under an incapacity of a nature or type which
would entitle the Company to terminate such employment but for the passage of
the 180 consecutive day period set forth in subsection (1), the Company shall
not be deemed to have terminated his employment pursuant to this subsection (3).

                                       3
<PAGE>   4

                  The Company shall be deemed to have agreed to a termination in
accordance with this subsection (3) from and after the date, without the consent
of the Employee (which may be obtained before or after the relevant event), (x)
the Employee is assigned duties other than those of Executive Vice President,
Human Resources and Corporate Law, (y) the Employee is required to report other
than to the Chief Executive Office or the Board of Directors of the Company, or
(z) the employee is required to reside other than in Weirton, West Virginia or
the Greater Pittsburgh Area in order to perform his duties for the Company.

                  (c) The Employee may terminate his employment hereunder upon
90 days notice thereof to the Company, and from and after the date of such
termination, the Company shall have no further obligations under this agreement,
except as required by law or as specifically set forth herein; provided, that
upon the receipt of such written notice, the Company may terminate the
employment of the Employee at any earlier date of its choosing after receipt of
such written notice and prior to the expiration of the 90 day notice period.

         3. Compensation.

                  (a) Salary and Bonus. The Company shall pay the Employee a
salary (the "Base Salary") of $240,000 per year as may be from time to time
increased by the Board of Directors of the Company (the "Board") or any
authorized committee thereof, provided that such increase shall be commensurate
with those granted to any other Executive Vice President of the Company. The
Base Salary shall be payable in such installments and at such times as conform
to the general payroll practices of the Company. The Employee shall be eligible
to participate in the Company's Performance Incentive Plan (the "Bonus Plan") at
a level commensurate with other Executive Vice President of the Company. In the
event the Employee's employment is

                                       4
<PAGE>   5

terminated prior to the end of any fiscal year of the Company, except pursuant
to Section 2(b)(2) or 2(c), the bonus, if any, payable pursuant to the Bonus
Plan for the fiscal year in which termination occurs shall be pro-rated by
multiplying the bonus amount by a fraction, the numerator of which is the number
of days elapsed in the fiscal year to and including the date termination becomes
effective and the denominator of which is 365. If the Employee's employment is
terminated pursuant to Section 2(b)(2) or 2(c) no bonus shall be paid with
respect to the fiscal year in which such termination occurs.

                  (b) Automobile and Expenses. The Company shall make available
to the Employee an automobile in accordance with the Company's automobile policy
generally applicable to Executive Vice Presidents.

                  (c) Life Insurance. The Company will provide to the Employee
life insurance which shall pay to any beneficiary designated by the Employee an
amount equal to four (4) times the Base Salary in effect at the time of death
while the Employee is actively employed or subject to the post-termination
benefit extension provisions of Section 2(b)(3). Upon termination in accordance
with Section 2(b)(1) or, after Employee is age 59-1/2, in accordance with
Section 2(b)(3) or 2(c), or, if later, the expiration of the benefit extension
provisions of Section 2(b)(3), the Company will deliver to the Employee a fully
paid life insurance policy which shall pay to any beneficiary designated by the
Employee an amount equal to $250,000 and which shall be owned by the Employee.

                  (d) Other Benefit Programs. The Company shall provide, during
the term hereof, coverage for the Employee under the Insurance Program as
applicable from time to time to its salaried employees of the highest job
classification and commensurate with

                                       5
<PAGE>   6

coverage of other Executive Vice Presidents. In the event that employment is
terminated pursuant to Section 2 under circumstances where the Company has an
obligation after the date of termination to continue coverages under one or more
health care plans in the Insurance Program, or otherwise, such coverages in all
cases shall be coordinated with similar or comparable coverages thereafter
provided to the Employee by any third party employer, with such third party
coverages being deemed primary and the coverages maintained by the Company being
deemed secondary or supplementary, so as to be reduced on a dollar-for-dollar
basis by the amount of benefits payable under such third party coverages. The
Employee shall submit to any required physical examination and shall provide any
required information in connection with the acquisition or maintenance of any
insurance pursuant to this Agreement. The Employee shall be eligible for, and
participate in, such other fringe benefits, including club dues, as are
generally available to salaried employees of the Company of the highest job
classification and commensurate with other executive vice presidents, and
nothing in this Agreement shall be deemed to preclude the Company from granting
such additional remuneration or benefits to the Employee as it shall determine
in its sole discretion. If this Agreement is terminated in accordance with
Section 2(b)(1) or after the Employee is age 59-1/2, in accordance with Section
2(b)(3) or 2(c), then the Company shall provide to Employee and his dependents
medical benefits commensurate with the medical benefits provided to retired
employees at Class 56 and above. The Employee shall not receive compensation
pursuant to the Profit Sharing Plan of the Company.

                  (e) Supplemental Executive Retirement Plan. The Employee shall
be entitled to participate in the Company's Supplemental Executive Retirement
Plan ("SERP"),

                                       6
<PAGE>   7

established in 1994 for management employees in Job Class 56 and above, upon
Employee's commencement of employment. the Company shall (x) credit the Employee
with five (5) years of "Benefit Service" (as defined in the SERP) under the SERP
and (y) fund the trust related to the SERP for such years of Benefit Service,
upon Employee's commencement of employment.

                  (f) Stock Option. From time to time, the Company shall cause
to be granted to the Employee stock options to purchase common stock of the
Company or, in lieu thereof or in addition thereto, stock appreciation rights,
in amounts and at such times as are commensurate with those granted to executive
vice presidents of the Company.

                  (g) Vacation. The Company shall grant the Employee four (4)
weeks of fully compensated vacation per year under this Agreement.

         4. Duties. The Employee is engaged as the Executive Vice President,
Human Resources and Corporate Law of the Company and shall perform and discharge
well and faithfully the duties commensurate with such position which may be
assigned to him from time to time by the Chief Executive Officer or the Board in
connection with the conduct of its business, including, but not limited to,
management of the Human Resources, Legal, Economic Development and Public and
Community Relations functions. If the Employee is elected or appointed a
director or officer of the Company or any subsidiary thereof during the term of
this Agreement, the Employee will serve in such capacity without further
compensation.

         5. Extent of Services. The Employee shall devote his entire business
time, attention and energies to the businesses of the Company and shall not
during the term of this Agreement be engaged in any other business activity,
whether or not such business activity is pursued for gain, profit or other
pecuniary advantage; but this shall not be construed as

                                       7
<PAGE>   8

preventing the Employee from investing his personal assets in businesses which
do not compete with the Company in such form or manner as will not require any
significant services on the part of the Employee in the operation of the affairs
of the companies in which such investments are made and in which his
participation is solely that of an investor, except that the Employee may serve
as a director of a company having businesses which do not compete with the
Company or as otherwise authorized by the Board of Directors, so long as such
service does not interfere with his duties and services hereunder, and except
that the Employee may purchase securities in any corporation whose securities
are regularly traded, provided that such purchases shall not result in his
collectively owning beneficially at any time 1% or more of the equity securities
of any corporation engaged in a business competitive to that of the Company.

         6. Disclosure of Information. The Employee recognizes and acknowledges
that the Company's trade secrets and proprietary processes as they may exist
from time to time are valuable, special and unique assets of the Company's
business, access to and knowledge of which are essential to the performance of
the Employee's duties hereunder. The Employee will not, during or after the term
of his employment, in whole or in part, disclose such secrets or processes
acquired by virtue of his employment hereunder or his service as a director to
any person, firm, corporation, association or other entity for any reason or
purpose whatsoever, nor shall the Employee make use of any such property for his
own purposes or for the benefit of any person, firm, corporation or other entity
(except the Company) under any circumstances during or after the term of his
employment, provided, that after the term of his employment, these restrictions
shall not apply to such secrets and processes which are then in the public
domain

                                       8
<PAGE>   9

(provided that he was not responsible, directly or indirectly, for such secrets
or processes entering the public domain without the Company's consent).

         7. Inventions. The Employee hereby sells, transfers and assigns to the
Company or to any person, or entity designated by the Company all of the entire
right, title and interest of the Employee in and to all inventions, ideas,
disclosures and improvements, whether patented or unpatented, and copyrightable
material made or conceived by the Employee, solely or jointly during the period
of his employment hereunder which relate to methods, apparatus, designs,
products, processes or devices, sold, leased, used or under consideration or
development by the Company, or which otherwise relate to or pertain to the
business, functions or operations of the Company. The employee shall communicate
promptly and disclose to the Company, in such form as the Employee may be
required to do so, all information, details and data pertaining to the
aforementioned inventions, ideas, disclosures and improvements and to execute
and deliver to the Company such formal transfers and assignments and such other
papers and documents as may be required of the Employee to permit the Company or
any person or entity designated by the Company to file and prosecute the patent
applications and, as to copyrightable material, to obtain copyright thereof. Any
invention relating to the business of the Company and disclosed by the Employee
within one (1) year following the termination of employment shall be deemed to
fall within the provisions of this Section unless proved to have been first
conceived and made following such termination.

         For purposes of Sections 5, 6, 7 and 8, unless the context otherwise
requires, the term "Company" shall include divisions, subsidiaries and
controlled affiliated entities of the Company, and "businesses" of the Company
shall include businesses of any of such entities.

                                       9
<PAGE>   10

"Significant Competitive Acts" shall consist of any of the following acts: (i)
inducing employees to leave the employ of the Company or (ii) tortuously
interfering with any business relationship of the Company, including, without
limitation, relationships with customers, vendors, suppliers, lessors or
lessees.

         8. Nondisparagement. For the period commencing on the termination of
this Agreement and continuing for one year thereafter, the Employee will not, in
any form, disparage the Company, its officers or directors or otherwise make
comment adverse to the Company concerning any aspect of the business or
practices, past or then present, of the Company

         9. Injunctive Relief. If there is a breach or threatened breach by
Employee of any of the provisions of Sections 6, 7 or 8 of this Agreement, the
Company shall be entitled to an injunction from a court of competent
jurisdiction restraining the Employee from such breach. Subject to Section 13,
nothing herein shall be construed as prohibiting the Company from pursuing any
other remedies for such breach or threatened breach.

         10. Notices. Any notice required or permitted to be given under this
Agreement shall be in writing and sent by registered mail to his residence in
case of the Employee, or to the Secretary, Weirton Steel Corporation, Three
Springs Drive, Weirton, West Virginia 26062, in the case of the Company.

         11. Waiver of Breach. A waiver by the Company or the Employee of a
breach of any provision of this Agreement by the other party shall be in writing
and shall not operate or be construed as a waiver of any subsequent breach by
the other party.

                                       10
<PAGE>   11

         12. Arbitration. Subject to the provisions of the first sentence of
Section 9 hereof, any dispute between the Employee and the Company arising under
this Agreement, whether or not a case or controversy, shall be resolved solely
by arbitration in Pittsburgh, Pennsylvania in accordance with the rules of the
American Arbitration Association, and judgement upon any award may be entered in
any court having jurisdiction thereof.

         13. Legal Fees and Expenses. The Company shall promptly reimburse the
Employee for the reasonable legal fees and expenses incurred by the Employee in
connection with enforcing any right of the Employee pursuant to and afforded by
this Agreement; provided, however, that the Company only will reimburse the
Employee for such legal fees and expenses if, in connection with enforcing any
right of the Employee pursuant to and afforded by this Agreement, either (i) a
judgment has been rendered in favor of the Employee by a duly authorized court
of law, (ii) an arbitration award in favor of the Employee has been made or
(iii) the Company and the Employee have entered into a settlement agreement
providing for the payment to the Employee of any or all amounts due hereunder.

         14. Entire Agreement; Governing Law. This instrument contains the
entire agreement of the parties, superseding any prior agreement or arrangement,
whether written or oral. It may be changed only by a writing signed by the party
against whom enforcement is sought. This Agreement shall be governed by the laws
of the State of Delaware without regard to its principles of conflicts of laws.

         15. Prior Employment Agreements. This Agreement supersedes any and all
employment agreements between the Company and the Employee and such agreements
are null

                                       11
<PAGE>   12

and void except that any stock option agreements between the Company and the
Employee shall continue to be obligations of the Company and the Employee.

         16. Severability. If any provision of this Agreement or the application
thereof to any circumstance shall to any extent be held invalid or
unenforceable, the remainder of this Agreement shall not be affected thereby,
and shall be valid and enforceable to the fullest extent permitted by law, but
only if and to the extent such enforcement would not materially and adversely
frustrate the parties' essential objectives as expressed herein.

         17. Termination of Term of Agreement. If the Employee, in the
reasonable opinion of the of the Company, breaches Section Eight of this
Agreement by disparaging the Company, its officers or directors or breaches a
confidentiality agreement between the Company and the Employee, which are
respectively defined as events of just cause in Sections 2(b)(2)(iv) and (v),
the Company, in its sole discretion and without waiving any other right it has
or may have at law, under this Agreement or under any other agreement or policy
applicable to the Employee, may provide written notice to the Employee that the
term of this Agreement is ended immediately upon delivery of such notice. The
termination of the term of this Agreement shall not be deemed an assignment of
other duties or a change in reporting relationships under Sections 2(b)(3)(x) or
(y) of this Agreement and the termination of the term shall not be constructive
or actual discharge of the Employee from employment with the Company for
purposes of this Agreement. No Lump Sum Payment under Section 2(b)(3) of this
Agreement will be due or payable in connection with or as a result of delivery
of the notice ending the term of this Agreement. If a notice of the termination
of the term of this Agreement is delivered to the Employee, the Employee will be
an employee at will of the Company without benefit of this or

                                       12
<PAGE>   13

any other employment agreement or representation of continued employment,
express or implied.

         IN WITNESS WHEREOF, the parties have executed this agreement as of the
day first hereinabove written.

                                           WEIRTON STEEL CORPORATION

                                           By /s/ Richard K. Riederer
                                             -----------------------------
                                           Title President and CEO
                                                --------------------------

                                           /s/ David L. Robertson
                                           -------------------------------
                                           David L. Robertson

                                       13<PAGE>   1
                                                                    Exhibit 10.5

                              EMPLOYMENT AGREEMENT

                  AGREEMENT made as of the 1st day of April, 2000 by and between
WEIRTON STEEL CORPORATION, a Delaware corporation with its principal executive
offices located at 400 Three Springs Drive, Weirton, West Virginia 26062
(hereinafter called the "Corporation") and the individual employee whose name
and address appear on the signature page hereto (hereinafter called "Employee").

                  The parties hereto agree as follows:

                  First: Term and Duties: The term of this Agreement shall
commence on the 1st day of April, 2000 and shall continue until terminated by
party at any time for any reason in accordance with the terms of this Agreement.
During the term hereof, Employee shall serve as a full-time, salaried employee
of the Corporation. Employee's duties, title, salary and other benefits shall be
as agreed upon from time to time between Employee and the Corporation.

                  Second:  Eligibility for Termination Benefits:

                  (a) If Employee's employment with the Corporation is
terminated by the Corporation without just cause, Employee shall receive such
benefits hereunder ("Termination Benefits") as determined in accordance with
Paragraph Third, provided Employee, if requested, remains in the employment of
the Corporation for such period as the Corporation may request but not to exceed
60 days following the receipt by Employee of a written notice of such
termination. For purposes of this Agreement, termination of Employee's
employment by the Corporation shall constitute a termination for "just cause"
only if such termination is for one of the following reasons: (i) conviction of
a felony punishable by a prison sentence of more than one year; (ii) habitual
use of drugs without a prescription or habitual, excessive use of alcohol to the
extent that any of such uses materially interferes with Employee's performance
of his duties; or (iii) refusal or failure, after notice, by Employee to perform
or discharge duties and responsibilities appropriate to his position, which
refusal or failure amounts to an extended and gross neglect of his duties to the
Corporation; (iv) breach of paragraph (c) of Paragraph Fifth of this Agreement;
or (v) breach of any confidentiality agreement between the Corporation and the
Employee. Except as otherwise specifically set forth in this Agreement or as
otherwise prohibited by law, all rights of Employee, and all obligations of the
Corporation under this Agreement, shall cease on, and as of, the effective date
of the termination of Employee (the "Termination Date").

                  (b) The Corporation shall be deemed to have agreed to a
termination without just cause in accordance with paragraph (a) of this
Paragraph Second from and after the date (i) the Employee is assigned duties or
responsibilities significantly inconsistent with and less than the Employee's
position, duties, responsibilities or status with the Corporation as in effect
upon execution of this Agreement, (ii) the Employee's base salary, excluding any
bonus or other compensation derived from any employee benefit plan, is ever
reduced below any level attained by the Employee, or (iii) the Employee is
required to reside other than in the Greater Pittsburgh

<PAGE>   2

area in order to perform his duties for the Corporation; provided, that such
action is taken without the Employee's consent, and within 30 days after the
occurrence of any such event the Employee notifies the Corporation that he is so
deeming the Corporation to have elected to terminate his employment, whereupon
the Corporation shall be deemed to have terminated such employment as of the
date of any such action or the date of such notice at the option of the
Employee. If the date of termination is deemed to be a date earlier than the
date of such notice, and the Corporation, upon receipt of such notice, promptly
takes all actions hereunder required in the event of such termination, no
intervening delay in taking such actions may be construed as a violation of this
Agreement.

                  Third: Amount and Duration of Termination Benefits:

                  (a) Upon the termination of Employee's employment without
cause in accordance with Paragraph Second, Employee shall be treated as being an
inactive employee for 24 months following the Termination Date, and Employee
shall receive, within 10 days of the Termination Date, a total of 24 months base
salary (excluding vacation or special pay) in effect at the Termination Date
(the "Lump Sum Payment"), calculated as follows, where:

                  X   is 24 months of Employee's base salary; and

                  Y   is any applicable federal, state or local tax or liability
                      imposed on Employee as a result of the Lump Sum Payment,
                      including, without limitation, social security taxes,
                      income taxes and excise taxes, which amount shall be
                      withheld by Corporation and paid by Corporation to the
                      appropriate agency for and on behalf of Employee.

                  Then, LUMP SUM PAYMENT = X + Y.

It is the intent of the parties that the foregoing Lump Sum Payment calculation
shall result in Employee's receipt of an amount equal to 24 months of Employee's
base salary net of all applicable federal, state and local taxes, and
Corporation's payment to the appropriate taxing authority of any applicable
federal, state or local tax or liability imposed on Employee. Furthermore, for a
period of 24 months following the Termination Date, the Corporation shall (i)
continue to provide coverage for Employee and applicable dependents under all
benefit plans of the Corporation providing life insurance or health, disability,
hospitalization and major medical insurance at such levels as are not less than
those in effect at the time of the Termination Date; and (ii) to the extent
allowable under applicable law, cause Employee to continue to earn service
credit for all purposes under any pension or retirement plan maintained by the
Corporation in which Employee participated at the time of the Termination Date;
provided, however, that the coverage referred to in clause (i) shall be
suspended during any period in which and to the extent Employee is eligible for
similar coverage under another employer plan unless such suspension would
violate the terms of any such plan. Notwithstanding the above, the Corporation
shall not be obligated as provided in this Paragraph Third during any period
when employee does not comply with Paragraph Fourth. For all other purposes,
Employee's employment shall terminate on the Termination Date. If Employee's
employment is terminated for just cause or by Employee, no Termination Benefits
shall be paid by Corporation to Employee.

                                       2
<PAGE>   3

                  (b) In the event Employee's employment is terminated by the
Corporation prior to the end of any fiscal year without just cause, Employee
shall receive his accrued bonus, if any, and the bonus to which Employee would
have otherwise been entitled, if any, for the fiscal year in which termination
occurs shall be pro rated by multiplying the bonus amount by a fraction, the
numerator of which is the number of days elapsed in the fiscal year up to and
including the date termination becomes effective and the denominator is 365. If
Employee's employment is terminated for just cause or by Employee, no bonus
shall be paid with respect to the fiscal year in which such termination occurs.

                  (c) Nothing in paragraph (a) of this Paragraph Third shall be
construed to require the Corporation to maintain any employee or management
benefit program solely for the purpose of covering or providing benefits to
Employee.

                  (d) The Corporation shall promptly reimburse Employee for the
reasonable legal fees and expenses incurred by Employee in connection with
enforcing any right of Employee pursuant to paragraph (a) of Paragraph Second,
paragraph (a) or (b) of this Paragraph Third or Paragraph Fourth; provided,
however, that the Corporation will only reimburse Employee for such legal fees
and expenses if, in connection with enforcing any right of Employee pursuant to
this Agreement, either (i) a judgment has been rendered in favor of Employee by
an arbitrator or a duly authorized court of law, or (ii) the Corporation and
Employee have entered into a settlement agreement providing for the payment to
Employee of any or all amounts due hereunder.

                  (e) Notwithstanding any other provision of this Agreement, if
the Employee's employment with the Corporation is terminated for any reason and
(i) the Employee has attained 65 years of age; (ii) for the 2-year period
immediately prior to such termination the Employee is employed in a bona fide
executive or a high policy-making position; and (iii) the Employee is entitled
to an immediate nonforfeitable annual retirement benefit from a pension,
profit-sharing, savings, or deferred compensation plan, or any combination of
such plans, of the Corporation, which equals in the aggregate, at least $44,000,
the Employee will not be entitled to any Termination Benefits hereunder.

                  Fourth: Perquisites

                  (a) The Employee will be entitled to the use of a
Company-owned and maintained vehicle pursuant to the terms of the Corporation's
Car and Car Allowance Policy, a copy of which has been provided to the Employee;

                  (b) Membership in Williams Country Club which will be provided
at the Corporation's expense, provided that the Employee shall be responsible
for his expenses at the Country Club which are non-business related.

                                       3
<PAGE>   4

                  Fifth: Confidentiality and Transfer of Intellectual Property
Rights and Interests:

                  (a) Employee shall not, during the term hereof or subsequent
to the Termination Date, divulge, furnish or make accessible to anyone
(otherwise than as consented to by the Corporation) any knowledge or
information, techniques, plans, trade or business secrets or confidential
information relating to the business secrets or confidential information
relating to the business of the Corporation or with respect to any other
confidential or secret aspect of the business of the Corporation, nor shall
Employee make any use of the same for his own purposes or for the benefit of
anyone under any circumstances; provided that, after the Termination Date, these
restrictions shall not apply to such knowledge, techniques, plans, trade or
business secrets or confidential information which is then in, or subsequently
becomes part of, the public domain, except because of disclosure by Employee
without the Corporation's consent.

                  (b) Employee shall immediately, upon termination and demand by
the Corporation, assign, transfer and convey to the Corporation any and all
copyright, patent and intellectual property rights and like interests which are
obtained by Employee during the term of his employment with Corporation and
which relate to methods, apparatus, designs, products, processes or devices,
sold, leased, used or under consideration or development by the Corporation, or
which otherwise relate to or pertain to the business, functions or operations of
the Corporation. Employee shall execute any and all forms, documents and
acknowledgments prepared by the Corporation for the purpose of assigning,
transferring and conveying such copyright, patent and intellectual property
rights and like interests.

                  (c) For the period commencing on the date hereof and
continuing for one year following the Termination Date, the Employee will not,
in any form, disparage the Corporation, its officers or directors or otherwise
make comment adverse to the Corporation concerning any aspect of the business or
practices, past or then present, of the Corporation.

                  (d) It is the desire of the parties that the provisions of
this Paragraph Fourth be enforced to the fullest extent permissible under the
laws and public policies in each jurisdiction in which enforcement might be
sought. Accordingly, if any particular portion of this Paragraph Fourth be
adjudicated as invalid or unenforceable, this Paragraph Fifth shall be deemed
amended to delete therefrom such portion so adjudicated, such deletion to apply
only with respect to the operation of this Paragraph Fourth in the particular
jurisdiction so adjudicating. If there is a breach or threatened breach of this
Paragraph Fifth by Employee, the Corporation shall be entitled to an injunction
restraining Employee from such breach, but nothing herein shall be construed as
prohibiting the Corporation from pursuing any other remedies for such breach or
threatened breach.

                  Sixth: Disability: If Employee is unable to render full-time
services to the Corporation of the character required to perform the duties of
his employment with the Corporation with reasonable efficiency for a period of
six consecutive months, commencing after

                                       4
<PAGE>   5

the date hereof, by reason of illness, disability or incapacity and the
Corporation terminates Employee's employment thereafter, Employee shall not be
entitled to any Termination Benefits hereunder; provided, that this Paragraph
Sixth shall not apply in any case where Employee, upon such termination, would
not qualify under any program of long-term disability benefits provided by the
Corporation.

                  Seventh: Waiver of Breach: A waiver by the Corporation or
Employee of a breach of any provision of this Agreement by the other party shall
be in writing and shall not operate or be construed as a waiver of any
subsequent breach by the other party.

                  Eighth: Entire Agreement: This Agreement contains the entire
understanding and agreement between the parties and cannot be amended, modified
or supplemented in any respect, except by an agreement in writing signed by the
party against whom enforcement of any amendment, modification or supplement is
sought.

                  Ninth: Successors and Assigns: This Agreement shall inure to
the benefit of and be binding upon the Corporation and its successors and
assigns including, without limitation, any corporation or other entity which may
acquire all or substantially all of the capital stock, assets and/or business of
the Corporation or with or into which the Corporation may be consolidated or
merged, and Employee, his heirs, executors, administrators and legal
representatives.

                  Tenth: Governing Law: This Agreement shall be governed by the
laws of the State of Delaware, without regard to its principles of conflicts of
laws.

                  Eleventh: Arbitration: Any dispute between the Employee and
the Corporation arising under this Agreement, whether or not a case or
controversy, shall be resolved solely by arbitration in Pittsburgh, Pennsylvania
in accordance with the rules of the American Arbitration Association, and
judgment upon any award may be entered in any court having jurisdiction thereof.

                  Twelfth: Severability: If any provision of this Agreement or
the application thereof to any circumstance shall to any extent be held invalid
or unenforceable, the remainder of this Agreement shall not be affected thereby,
and shall be valid and enforceable to the fullest extent permitted by law, but
only if and to the extent such enforcement would not materially and adversely
frustrate the parties' essential objectives as expressed herein.

                  Thirteenth: Termination of Term of Agreement: If the Employee,
in the reasonable opinion of the Corporation, breaches Paragraph (c) of
Paragraph Fifth of this Agreement by disparaging the Corporation, its officers
or directors or breaches a confidentiality agreement between the Corporation and
the Employee, which are respectively defined as events of just cause in
Paragraphs 2(a)(iv) and (v) of this Agreement, the Corporation, in its sole
discretion and without waiving any other right it has or may have at law, under
this Agreement or under any other agreement or policy applicable to the
Employee, may provide written notice to the Employee that the term of this
Agreement is ended immediately upon delivery of such notice. The termination of
the term of this Agreement shall not be a reduction in position, duties,

                                       5
<PAGE>   6

responsibilities, or status of the Employee with the Corporation under Paragraph
Second or constructive or actual discharge of the Employee from employment with
the Corporation for purposes of this Agreement. No Termination Benefits will be
due or payable in connection with or as a result of delivery of a notice
pursuant to this Paragraph Thirteenth ending the term of this Agreement. If a
notice of the termination of the term of this Agreement pursuant to this
Paragraph Thirteenth is delivered to the Employee, the Employee will immediately
become an employee at will of the Corporation without benefit of this Agreement
or any other employment agreement or representation of continued employment,
express or implied.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement.

                                   WEIRTON STEEL CORPORATION

Date:    6/26/00                   By: /s/ David L. Robertson
      --------------------            ------------------------------------------
                                   Title: Exec. V.P.-Human Resources & Corp. Law
                                         ---------------------------------------

                                   EMPLOYEE:

Date:   6/26/00                    Name: /s/ Michael J. Scott
      --------------------              ---------------------------------------
                                         MICHAEL J. SCOTT

                                   Address: 1133 Tall Trees
                                           -------------------------------------
                                            Pittsburgh, PA  15241
                                           -------------------------------------

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]