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Exhibit 10.58    
  

 
 

FIRST AMENDMENT
  TO THE
  EARLE M. JORGENSEN
  EMPLOYEE STOCK OWNERSHIP PLAN
  (As Amended and Restated Effective as of April 1, 2001)    
  

        THIS FIRST AMENDMENT, by EARLE M. JORGENSEN COMPANY (the
"Company"), to the Earle M. Jorgensen Employee Stock Ownership Plan (As Amended and Restated Effective as of April 1, 2001) (the "Plan") is effective as of January 15, 2002 or such other
date as indicated herein. 

WITNESSETH:  

        WHEREAS, the Company understands that there may have been some confusion related to the provision of
diversification rights under the Plan and the fact that the ability to diversify ended after a certain period of time; and, 

        WHEREAS, in order to rectify the potential problem the Company approved a special additional diversification window for individuals who
previously were eligible to diversify their accounts and who had failed to fully elect such ability to diversify; 

        NOW, THEREFORE, it is hereby resolved that, effective as of January 15, 2002 the Plan is hereby amended to add an additional
diversification election period as follows: 

I.  

        Section 13 of the Plan is hereby amended by adding the following new part (c) at the end as a part thereof: 

"(c)    Special Diversification Window.    Notwithstanding anything contained in the Plan to the contrary, effective
January 15, 2002, a Participant who was previously eligible to elect to diversify Post-1986 Shares under part (a) of this Section 13 and who did not elect to so
diversify the entire amount eligible for diversification during the six year diversification period applicable to such Participant, shall be permitted to make a one time election to diversify up to
50% of the number of Post-1986 Shares allocated to his Company Stock Account, PAYSOP Account and Matching Account since the inception of the Plan, the Kilsby ESOP, the Republic ESOP or the
ECAP less all shares with respect to which amounts have previously been diversified under part (a) of Section 13. Such election must be received by the Plan Administrator no later than
January 31, 2002. "Diversification" under this part (c) will be effected by distributing to Participants (in shares of Company Stock, cash or a combination of both, as determined by the
Committee) the portion of their Company Stock Accounts, PAYSOP Accounts and Matching Accounts with respect to which a diversification election set forth herein is made. Any distribution shall occur
within 90 days after the election hereunder is made and shall be subject to the provisions of Section 14(c). 

        IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed by its duly authorized officer as of the day and year first
above written. 

	EARLE M. JORGENSEN COMPANY	 	 
	

By:	
 	

    
	
 	

 
	

Name:	
 	

    
	
 	

 
	

Title:	
 	

    
	
 	

 
	

Date:	
 	

    
	
 	

 

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Exhibit 10.58

FIRST AMENDMENT TO THE EARLE M. JORGENSEN EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective as of April 1, 2001)QuickLinks
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Exhibit 10.59    
  

 
 

SECOND AMENDMENT
  TO THE
  EARLE M. JORGENSEN
  EMPLOYEE STOCK OWNERSHIP PLAN
  (As Amended and Restated Effective as of April 1, 2001)    
  

        THIS SECOND AMENDMENT, by EARLE M. JORGENSEN COMPANY (the
"Company"), to the Earle M. Jorgensen Employee Stock Ownership Plan (As Amended and Restated Effective as of April 1, 2001) (the "Plan") is effective as of April 1, 2001 or such other
date as indicated herein. 

WITNESSETH:  

        WHEREAS, the Company maintains the Plan which was converted from an "employee stock ownership plan" into a stock
bonus plan effective as of the prior restatement date of April 1, 1999; and, 

        WHEREAS, the Company has submitted the stock bonus plan to the IRS for a ruling that the restatement is tax qualified and in connection
therewith the IRS has requested that certain additional changes be made with respect to the Plan. 

        NOW, THEREFORE, it is hereby resolved that, effective as of April 1, 2001 or such other date as set forth herein the Plan is hereby
amended as follows: 

I.  

        Section 2 of the Plan is hereby amended by replacing the first phrase of the first sentence of the definition of "Highly Compensated Employee" with the
following: 

"An
Employee who (1) was a "5% owner' (as defined in Section 416(i)(1)(B)(i) of the Code) at any time during the Plan Year, or (2) has Statutory Compensation in excess of
$80,000 (as indexed) in the preceding Plan Year and, if so elected by the Company via Plan amendment, was in the top paid 20% group of Employees for such preceding Plan Year;" 

II.  

        Section 2 of the Plan is hereby amended by replacing the definition of "Statutory Compensation" in its entirety with the following: 

"The
total remuneration paid to an Employee by the Employer during the Plan Year for personal services rendered to the Employer, excluding employer contributions to a plan of deferred compensation,
amounts realized in connection with stock options and amounts which receive special tax benefits, and including any Company Salary Reduction Contributions made on behalf of an Employee for the Plan
Year to the ECAP and, effective January 1, 2002, amounts, if any, contributed to a transportation fringe plan as defined in Section 132(f)(4) of the Code." 

III.  

        Section 7 of the Plan is hereby amended by deleting the "The" and adding the following new clause at the beginning of the first sentence herein: 

"Effective
for limitation years beginning after December 31, 1994, the" 

IV.  

        Section 7 of the Plan is hereby further amended by replacing the last paragraph in its entirety with the following: 

"If
the aggregate amount that would be allocated to the Accounts of a Participant in the absence of these limitations would exceed the limitation amount because of: 

	1.
	contributions
based on estimated annual compensation;

	2.
	the
allocation of forfeitures; or

	3.
	a
reasonable error in the determining the amount of elective deferrals under Section 402(g)(3) of the Code, 

the
following is the order in which his benefits will be reduced to the extent necessary to avoid exceeding these limitations: (1) Pension Plan; (2)ECAP; and (3) this Plan." 

V.  

        Section 12(a) of the Plan is hereby amended by adding the following after "$5,000" where it appears therein: 

"($3,500
for Plan Years beginning prior to August 6, 1997)" 

VI.  

        Section 14(d) of the Plan is hereby amended by adding the following sentence at the end as a part thereof: 

"Effective
for calendar years beginning after January 1, 1999, an "eligible rollover distribution' will not include a hardship distribution as described in
Section 401(k)(2)(B)(i)(IV) which is attributable to a participant's elective contributions to a Section 401(k) plan." 

VII.  

        Section 21 of the Plan is hereby amended to add the following new part (f) to the end as a part thereof: 

"(f)
Permissive aggregation group is the required aggregation group of plans plus any other plan or plans which, when considered as a group with the required aggregation group, would continue to
satisfy the requirements of Sections 401(a)(4) and 410 of the Code. 

Required
aggregation group is (1) each qualified plan of the Employer in which at least one key employee participates or participated at any time during the determination period (regardless of
whether the plan terminated), and (2) any other qualified plan of the Employer which enables a plan described in (1) to meet the requirements of Sections 401(a)(4) or 410 of the Code." 

VIII.  

        In all other respects the Plan shall remain in full force and effect. 

        IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed by its duly authorized officer as of the day and year
first above written. 

	EARLE M. JORGENSEN COMPANY	 	 
	

By:	
 	

    
	
 	

 
	

Name:	
 	

    
	
 	

 
	

Title:	
 	

    
	
 	

 
	

Date:	
 	

    
	
 	

 

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Exhibit 10.59

SECOND AMENDMENT TO THE EARLE M. JORGENSEN EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective as of April 1, 2001)QuickLinks
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Exhibit 10.60    
  

 
 

THIRD AMENDMENT
  TO THE
  EARLE M. JORGENSEN
  EMPLOYEE STOCK OWNERSHIP PLAN
  (As Amended and Restated Effective as of April 1, 2001)    
  

        THIS THIRD AMENDMENT, by EARLE M. JORGENSEN COMPANY (the
"Company"), to the Earle M. Jorgensen Employee Stock Ownership Plan (As Amended and Restated Effective as of April 1, 2001) (the "Plan") is effective as of January 1, 2002 or such other
date as indicated herein. 

WITNESSETH:  

        WHEREAS, the Company realizes that there are certain provisions of the good faith amendments required under the
Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA") that were implemented under the Plan effective for periods beginning on and after January 1, 2002 that must be adopted by
the end of the GUST remedial amendment period for the Plan; 

        WHEREAS, the GUST remedial amendment period for the Plan ends on December 3, 2002, the date which is three months after the date
the Plan received its GUST determination letter; and 

        WHEREAS, the other provisions of the good faith EGTRRA amendment are not required to be adopted prior to the end of the Plan Year ending
March 31, 2003 and will be addressed in a subsequent amendment. 

        NOW, THEREFORE, this amendment of the Plan is hereby adopted to reflect those provisions of EGTRRA for which the remedial amendment period
is about to expire. With respect to those provisions, this amendment is intended as good faith compliance with the requirements of EGTRRA and is to be construed in accordance with EGTRRA and the
Internal Revenue Service guidance thereunder. The remaining EGTRRA provisions shall be addressed in a later amendment. This amendment shall supersede the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of the amendment. 

I.  

        Section 14(d) of the Plan is hereby amended by adding the following to the end as a new paragraph thereunder. 

"For
distributions made after December 31, 2002, the following applies: 

	1.
	Modification
of definition of eligible retirement plan. For purposes of the direct rollover provisions in this Section of the Plan, an eligible retirement plan shall also mean an
annuity contract described in section 403(b) of the Code and an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any
agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan. The definition of eligible
retirement plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relation order, as defined
in section 414(p) of the Code.

	2.
	Modification
of definition of eligible rollover distribution to exclude hardship distributions. For purposes of the direct rollover provisions in this Section of the Plan, any amount
that is distributed on account of hardship shall not be an eligible rollover distribution and the distributee may not elect to have any portion of such a distribution paid directly to an eligible
retirement plan." 

        IN WITNESS WHEREOF, the Company has caused this Third Amendment to be executed by its duly authorized officer as of the    day
of                        , 2002. 

	EARLE M. JORGENSEN COMPANY	 	 
	

By:	
 	

    
	
 	

 
	

Name:	
 	

    
	
 	

 
	

Title:	
 	

    
	
 	

 
	

Date:	
 	

    
	
 	

 

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Exhibit 10.60

THIRD AMENDMENT TO THE EARLE M. JORGENSEN EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective as of April 1, 2001)

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