Document:

Letter Agreement and Release, effective as of July 20, 2007

 EXHIBIT 10.1 
 July 11, 2007 
 Mr. John Longhouser 
 4032
Linden Avenue 
 Dayton, Ohio 45342 
 Dear John: 
 The purpose of this letter is to confirm the compensation, benefits and other terms of the separation agreement between you and MTC Technologies, Inc. (“MTC”).
You and MTC agree as follows: 
  

	1.	You have announced your intent to retire and terminate your employment with MTC as of July 1, 2007. However, MTC has agreed to extend your actual separation from employment to
be effective at midnight on December 31, 2007 (“Separation Date”) in consideration of the covenants contained in paragraphs 4, 5, 6 and 7 of this letter and in lieu of paying a lump sum severance payment. 

  

	2.	The compensation and other benefits you are entitled to receive as a result of your separation are set out in paragraphs 2(a) through (h) below. 

  

	 	(a)	In accordance with MTC’s regular payroll schedule you will receive all earned but unpaid salary through July 1, 2007, plus your earned and unused vacation time as of such
date, less all applicable deductions and withholdings. You will receive no other consideration except as provided for, and subject to the conditions, in paragraph 3(a) of this letter. 

  

	 	(b)	Your health care coverage benefits through MTC will continue through the last day of the month in which your Separation Date occurs to the extent that you are enrolled in such
plans, including reimbursement of up to $800 for premiums paid for Tricare coverage in 2007. Beyond that date, your rights to continue eligible coverage under COBRA will be provided to you under separate cover. 

  

	 	(c)	After your Separation Date you will have several options available to you under MTC’s 401(k) plan. You are 100% vested in your 401(k) account and MTC’s match. You will be
provided with additional information regarding your 401(k) options and contact numbers. 

  

	 	(d)	Pursuant to the terms of the governing plan documents, your company-paid life insurance and accidental death and dismemberment insurance, short-term and long-term disability
coverage will terminate on your Separation Date. You will receive additional information about your option to continue (on a personal direct-pay basis) your life insurance, and any additional life coverage you may be carrying.

  

	 	(e)	MTC will reimburse you for any approved expense reimbursement requests filed for approved travel taken or other approved expenses incurred prior to your Separation Date.

	 	(f)	Your account balance in MTC’s 2007 Deferred Compensation Plan will be distributed in accordance with the plan provisions. 

  

	 	(g)	Any other benefits that you may be enrolled in will terminate (pursuant to the governing plan documents) as of your Separation Date, and you will receive additional information
regarding each such benefit. 

  

	 	(h)	All other perquisites that you may be receiving will terminate as of July 1, 2007. 

  

	3.	In addition to and notwithstanding the foregoing, based on your covenants in paragraphs 4, 5, 6 and 7 and the attached Release, and conditioned upon your execution of this letter
agreement and the attached Release, you will also receive: 

  

	 	(a)	After the expiration of the seven-day revocation period described in section 5(d) of the Release, severance pay equal to your current base salary, less all applicable withholdings
and deductions, for the period of July 2, 2007 through December 31, 2007. Such payments will be made on a semi-monthly basis in accordance with MTC’s normal payroll schedule and will be subject to all applicable withholdings and
deductions. 

  

	 	(b)	During the six-month period commencing July 2, 2007 and ending December 31, 2007 (the “Extended Severance Period”), you will have the right to
(i) participate in the Company’s 401(k) savings plan; (ii) participate in the MTC company-paid life insurance, accidental death and dismemberment insurance, short-term and long-term disability coverage; and (iii) continue the
medical and dental benefit coverages that you are currently enrolled in, subject to your payment of the monthly contribution required by active employees enrolled in the same coverage and the same tier. After December 31, 2007, continuation of
MTC’s health care coverage is subject to your election to participate in COBRA and the COBRA insurance coverage terms and conditions at your own full expense. 

  

	 	(c)	During the Extended Severance Period, you will have the right to use such MTC-provided cellular phones, computers and other tools as you were provided during your employment with
MTC. 

  

	 	(d)	Any stock option or other option to acquire Common Stock of MTC pursuant to the 2002 Equity and Performance Incentive Plan or the 2007 Equity Compensation Plan shall be extended to
June 30, 2008 notwithstanding the terms of any such stock option grant. 

  

	4.	You agree to make no criticism or negative statements about MTC, its management, its methods of operation, its role as corporate or community citizen, or its treatment of you and
agree not to encourage or aid any person or entity in the pursuit of any claim or cause of action against MTC, except as otherwise permitted by law. 

  

	5.	 MTC recognizes and you acknowledge that you possess certain business and financial information about MTC’s operations, information about new or envisioned
products or services, product research, product specifications, records, plans, prices, costs, customer lists, concepts and ideas, and that MTC is the owner of proprietary rights in certain systems, methods, processes, procedures, technical and
non-technical information, research and other things which constitute valuable trade secrets of MTC. You acknowledge that MTC has a legitimate interest in protecting such confidential and proprietary information in order to maintain and enhance a
competitive edge within its industry. Accordingly, you agree that you will not use or remove, duplicate or disclose, directly or indirectly, to any persons or entities outside MTC any information or property that constitute trade secrets, which have
not been publicly disclosed. In the event that you are requested or required in a judicial, administrative or governmental proceeding to disclose any 

	 	 
information that is the subject matter of this Paragraph 5, you will provide MTC with prompt written notice of such request and all related proceedings so
that MTC may seek an appropriate protective order or remedy or, as soon as practicable, waive your compliance with the provisions of this Paragraph 5. 

  

	6.	You expressly agree that, during the Extended Severance Period and for a period of two years thereafter, you will not, directly or indirectly, without the prior written consent of
MTC, whether as an individual, partner, joint venturer, employee, agent, salesperson, consultant, officer, independent contractor, or owner of any entity, or in any other capacity, alone or in association with, on behalf of, or for the benefit of,
any entity or other person, induce or attempt to induce any employee of MTC or any of its affiliates, to terminate his or her services with MTC or any of its affiliates, as applicable, or to discuss with any employee of MTC or any of its affiliates
the development or operation of any business intended to compete with the Business of MTC. “Business of MTC” shall mean the business of MTC during the Severance Period as described in its Annual Report on Form 10-K as filed with the
Securities and Exchange Commission from time to time. 

  

	7.	You agree that, upon request from MTC and for no additional compensation, you will provide accurate and truthful advice and information to MTC concerning matters that arose during
your employment with MTC and agree to respond to inquiries of MTC with respect to the transition of your duties and responsibilities to other employees of MTC. Any such inquiry will be at the direction of MTC’s President and Chief Operating
Officer and will only be requested during customary and reasonable business hours, and will only be made within a 45-day period commencing on July 1, 2007. 

  

	8.	You also, upon MTC’s request, will assist and cooperate with it (at reasonable dates, places, and times) in any threatened or actual adversarial proceeding (including, without
limitation, mediation, arbitration, or any local, state, or federal agency, department, or court) involving MTC or any of its affiliates involving matters that occurred during your employment. MTC will reimburse you for any documented wages lost (of
one or more full work day(s)) from your then-current employment and reasonable travel and other incidental expenses incurred in assisting MTC pursuant to this section 8. 

  

	9.	You expressly agree that, if there is a violation or threatened or intended violation of any of your promises contained in sections 5 and 6, MTC will be entitled, in addition to any
other remedies available to it, to obtain and enforce temporary restraining orders, preliminary injunctions, permanent injunctions, and orders enjoining or restraining such violation or threatened or intended violation, and you hereby consent to the
immediate issuance, without necessity of posting of bond, of any temporary restraining orders, preliminary injunctions, permanent injunctions, and orders in any court of competent jurisdiction. 

  

	10.	On or before December 31, 2007, you will return to MTC’s Director of Security and Administration all Company Property issued to you or in your possession, including,
without limitation, all telephones, personal or laptop computers, Blackberry or similar devices, The term “Company property” includes, without limitation: correspondence, files, e-mails, memos, reports, minutes, plans, records, surveys,
software, confidential and proprietary software, diagrams, computer printouts, floppy disks, manuals, customer documentation, or any other medium for storing information, and all copies and reproductions of the above-referenced items. If applicable,
the return of all Company property includes the complete and effective deletion of all MTC material on your personal computer upon receipt of your written representation as to such deletion. You further represent that no MTC documents have been
copied and or transferred in any manner and/or retained, whether in a computer or by paper or otherwise, by yourself or anyone else at your direction. The information contained in these documents will not be used by you (or any third party to whom
you have given such documents) for any purpose. 

  

	11.	This agreement is binding upon you and upon your heirs, administrators, representatives, executors, and assigns and shall inure to the benefit of MTC, and its successors and
assigns. 

	12.	This agreement sets forth the entire agreement between you and MTC and completely supersedes any and all prior agreements or understandings, whether oral or written, between you and
MTC, and which you agree are enforceable and survive separation of your employment from MTC in accordance with the terms of this agreement. 

  

	13.	This agreement shall be governed and construed according to the laws of the state of Ohio, without giving effect to any choice or conflict of law provision or rule (whether of the
state of Ohio or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the state of Ohio. You agree irrevocably submit to the jurisdiction of the federal or state courts located in the state of Ohio over
any dispute or proceeding arising out of or relating to this agreement. You also irrevocably agree that all claims respecting such disputes or proceedings will be heard and determined in such courts. You irrevocably waive, to the fullest extent
permitted by applicable law, any objection which you may now or later have to the laying of venue of such dispute proceeding brought in such court or any defense of inconvenient forum in connection with same. 

 Please indicate your acceptance of this agreement by signing the originals of this letter agreement and the attached Release in the spaces provided, and return the
executed originals to me. You may keep the enclosed duplicate for your records. 
  

			
	 MTC Technologies, Inc.

		
	 By
	 	 /s/ Penelope Viteo

		 	Penelope Viteo
		 	Vice President, Human Resources

  

			
	 Agreed to and accepted:

		
		 	 /s/ John Longhouser

		 	John Longhouser

 Date: July 20, 2007 

 RELEASE 
 Reference is made to the agreement set out in that certain letter agreement dated July 11, 2007 from MTC Technologies, Inc. to John Longhouser (“Executive”). The Executive’s employment has been terminated in accordance
with such letter agreement (the “Agreement”) between MTC Technologies, Inc. (the “Company”) and the Executive. 
 The Executive is
required to sign this Release in order to obtain or retain certain benefits under the Agreement. 
 NOW THEREFORE, the Executive agrees as follows:

  

	1.	Release in Full of All Claims. In exchange for the consideration set forth in the Agreement, the Executive, for himself, his agents, attorneys, heirs, administrators,
executors, assigns, and other representatives, and anyone acting or claiming on his or her or their joint or several behalf, hereby releases, waives, and forever discharges the Company, including its past or present executives, officers, directors,
trustees, board members, members, agents, affiliates, parent corporation(s), subsidiaries, successors, assigns, and other representatives, and anyone acting on their joint or several behalf (the “Releasees”), from any and all known and
unknown claims, causes of action, demands, damages, costs, expenses, liabilities, or other losses that in any way arise from, grow out of, or are related to the Executive’s employment with the Company or any of its affiliates and subsidiaries
or the termination thereof, including, without limitation, claims for bonuses, commissions, fringe benefits and expense reimbursements. By way of example only and without limiting the immediately preceding sentence, the Executive agrees that he is
releasing, waiving, and discharging any and all claims against the Company and its Releasees under (a) any federal, state, or local employment law or statute, including, but not limited to Title VII of the Civil Rights Act(s) of 1964 and 1991,
the Americans with Disabilities Act, the Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act, applicable state civil rights law(s) or (b) any federal, state or municipal law, statute, ordinance or common law
doctrine regarding (i) the existence or breach of oral or written contracts of employment, (ii) negligent or intentional misrepresentations, (iii) promissory estoppel, (iv) interference with contract or employment,
(v) defamation or damage to business or personal reputation, (vi) assault and battery, (vii) negligent or intentional infliction of emotional distress, (viii) unlawful discharge in violation of public policy,
(ix) discrimination, (x) retaliation, (xi) wrongful discharge, (xii) harassment, (xiii) whistleblowing, or (xiv) breach of implied covenant of good faith. Notwithstanding the foregoing, the Executive will not give up
his right (if any) to any benefits to which he is entitled under the Agreement or under any tax-qualified retirement plan of the Company or the Company’s group life insurance plan, or his rights (if any) under Part 6 of Subtitle B of Title 1 of
the Executive Retirement Income Security Act of 1974, as amended. Notwithstanding the foregoing, nothing herein shall preclude Executive from filing a claim of discrimination with the United States Equal Employment Opportunity Commission.

  

	2.	No Claims Filed. The Executive affirms that, as of the date of execution of this Release, he has filed no lawsuit, charge, claim or complaint with any governmental agency or
in any court against the Company or its Releasees, and is not aware of, or if aware, has disclosed to the Company’s Senior Vice President - General Counsel any circumstances which would provide grounds for filing any lawsuit, charge, claim or
complaint against the Company or its Releasees. 

	3.	Assistance to Others. The Executive agrees not to assist or cooperate, in any way, directly or indirectly, with any person, entity or group (other than the Equal Employment
Opportunity Commission or other governmental agency) involved in any proceeding, inquiry or investigation of any kind or nature against or involving the Company or any of its Releasees, except as required by law, subpoena or other compulsory
process. Moreover, the Executive agrees that to the extent he or she is compelled to cooperate with such third parties, he or she shall disclose to the Company in advance that he or she intends to cooperate and shall disclose the manner in which he
or she intends to cooperate. Further, the Executive agrees that within three (3) days after such cooperation, he or she will meet with representatives of the Company and disclose the information that he or she provided to the third party. This
subparagraph is to be broadly construed and is to include conversations, informal comments, confirmations, suggestions or advice of any type to third parties, their counsel or their advisors. Further, if the Executive is legally required to appear
or participate in any proceeding that involves or is brought against the Company or its Releasees, the Executive agrees to disclose to the Company in advance what he or she plans to say or produce and otherwise cooperate fully with the Company or
its Releasee. 

  

	4.	No Admission By Company. The Executive understands and acknowledges that the Company does not admit any violation of law, liability or contravention with respect to any of
his rights and that any such violation, liability or contravention is expressly denied. The consideration provided for in this Release and in the Agreement is made for the purpose of settling and extinguishing all claims and rights (and every other
similar or dissimilar matter) that the Executive ever had or now may have against the Company or its Releasees to the extent provided in Paragraph 1 of this Release. The Executive further agrees and acknowledges that no representations, promises or
inducements have been made by the Company other than as appear in the Agreement. The Executive and the Company further understand and agree that the Agreement shall not be admissible as evidence in any court or administrative proceeding, except that
either party may submit the Agreement to any appropriate forum in the event of an alleged breach of the Agreement or a claim by either party concerning the enforceability or interpretation of the Agreement. 

  

	5.	Additional Agreement. The Executive further agrees and acknowledges that: 

  

	 	(a)	The Release provided for herein releases claims and rights to the extent provided in Paragraph 1 of the Release up to and including the date of this Release but not any claims that
may arise after the date of this Release; 

  

	 	(b)	He has been advised by the Company to consult with legal counsel prior to executing this Release, has had an opportunity to consult with and to be advised by legal counsel of his or
her choice, fully understands the terms of this Release and enters into this Release freely, voluntarily and intending to be bound; 

  

	 	(c)	He has had a period of not less than 21 calendar days to review and consider the terms of this Release prior to its execution; and 

	 	(d)	He may, within seven calendar days after execution, revoke this Release. Revocation will be made by delivering a written notice of revocation to the Company’s Senior Vice
President - General Counsel. For such revocation to be effective, written notice must be actually received by the Company no later than the close of business on the seventh calendar day after the Executive executes this Release. If the Executive
exercises his or her right to revoke this Release, all of the terms and conditions of the Release will be of no force and effect and the Company will not have any obligation to make payments or provide benefits to the Executive as set forth in
paragraph 3(a) through (d) of the Agreement. 

  

	6.	Reinstatement or Reemployment. The Executive hereby agrees that if the Executive applies for reinstatement or reemployment with the Company, neither the Company nor any of
its affiliates and subsidiaries shall incur any liability by virtue of its or their refusal to hire him or consider him for employment. 

  

	7.	Confidentiality. The Executive agrees that the terms and contents of this Release and the Agreement, and the contents of the negotiations and discussions resulting in this
Release, shall be maintained by Executive as confidential and shall not be disclosed to any third party, except for Executive’s legal or accounting advisors who are bound to maintain such information in confidentiality and except to the extent
as may be required to be disclosed by law. 

 IN WITNESS WHEREOF, the Executive has duly executed and delivered this Release on the date set
forth below. 
  

							
		 	 /s/ John Longhouser
	 		 	 Dated: July 20, 2007

		 	John LonghouserForm of 2008 Incentive Award Agreement

 Exhibit 10.30 
 2008 ANNUAL INCENTIVE AWARD AGREEMENT 
 PURSUANT TO 
 CHAPARRAL STEEL COMPANY 2006 OMNIBUS INCENTIVE PLAN 
 Dear                             : 
 1. Annual Incentive Award. Chaparral Steel Company, a Delaware corporation (the “Company”), hereby awards to you an Annual
Incentive Award (this “Award”) pursuant to Section 5(d) of the Chaparral Steel Company 2006 Omnibus Incentive Plan (the “Plan”), a copy of which is attached hereto as Exhibit A and made a part hereof for
all purposes. The Date of Grant for this Award is July 11, 2007. This Award is subject to your acceptance of and agreement to all the terms, conditions, and restrictions in the Plan that are applicable to Awards under Section 5 and to your
acceptance of and agreement to the further terms, conditions and restrictions described in this 2008 Annual Incentive Award Agreement (the “Agreement”). If any provision of this Agreement conflicts with the expressly applicable
terms of the Plan, it is hereby acknowledged and agreed that those terms of the Plan will control and, if necessary, the applicable provisions of this Agreement will be hereby deemed amended so as to carry out the purposes and intent of the Plan.
Capitalized terms used in this Agreement that are not otherwise defined herein will have the meaning given them in the Plan in effect as of the date of this Agreement. 
 In addition to the Annual Incentive Award described in this Agreement, you will be granted stock options or stock appreciation rights (“SARs”) under the Chaparral Steel Company Amended and Restated
2005 Omnibus Equity Compensation Plan (the “Omnibus Equity Plan”) twice during the Company’s 2008 fiscal year. The number of shares to be included in each grant will be equal to the result of dividing your base salary at the
time of the grant by the weighted average sales price of one share of the Company’s common stock on the Global Select System of Nasdaq on the grant date. The grant price of the stock option or SAR will be equal to the weighted average sales
price of one share of the Company’s common stock on the Global Select System of Nasdaq on the grant date. The awards will be granted effective as of the April and October meetings of the Company’s Board of Directors and will be evidenced
by an Award Agreement under the Omnibus Equity Plan. To the extent stock options are granted, such options will, to the extent possible, be designed to be incentive stock options under section 422 of the Internal Revenue Code with a ten
(10) year term. All options that are not issued as incentive stock options will be issued as nonqualified stock options. Options will vest over a five (5) year period at the rate of twenty percent (20%) each year, beginning on the
first anniversary of the date of grant. SARs will have a term of ten (10) years and will vest over a five (5) year period at the rate of twenty percent (20%) each year, beginning on the first anniversary of the date of grant. SARs may
be settled in stock or in cash as determined by the Board of Directors. 
 In the event of a Change of Control of the Company, the provisions
of this Award Agreement regarding the settlement of the Award in shares of restricted stock will cease to apply and this Award will be settled in cash pursuant to the terms of Section 6. In addition, it is anticipated that upon the occurrence
of a Change of Control that no additional awards of stock options or SARs will be made under the Omnibus Equity Plan. 
 2. Performance
Period. The Annual Incentive Award Performance Period for this Award will be June 1, 2007 through May 31, 2008; provided that any portion of the Award paid in restricted Stock, as described in Section 5, will be subject to an
additional vesting period set forth in Section 6. 
 3. Maximum Award Value. If the Company fails to achieve the minimum
Performance Target described in Section 4, the value of this Award will be $0. In no event will the amount payable pursuant to this Award (including both cash and the Fair Market Value of shares of restricted Stock delivered in settlement
(i.e., payment) of this Award) exceed ten million dollars ($10,000,000) as determined in the sole discretion of the Committee following the Annual Incentive Award Performance Period. 

 4. Performance Target. The Performance Target for this Award will be based on the Company’s
annual Return on Assets (“ROA”), where ROA is calculated based on the ratio of earnings before interest and taxes (“EBIT”) compared to the Company’s total assets, less cash equivalents, short-term investments, goodwill and
the cash surrender value of any life insurance the Company holds on participants in the Chaparral Steel Company Financial Security Plan. You will be entitled to payment of an Award, pursuant to Section 6 below, based upon the ROA achieved by
the Company during the Performance Period as set forth on the attached Exhibit B. 
 5. Eligibility. Except as provided in
Section 6 in the event of a Change of Control, to be eligible to receive a payment under Section 6 below, you must remain an Employee until the last day of the Performance Period. Additionally, if during the two (2) year period
following the settlement of this Award, (i) the Company terminates your employment for Cause (as defined in the Plan) or you terminate your employment for any reason other than your death, retirement on or after age fifty-five (55) or Good
Reason (as defined in the Plan), you will forfeit the then unvested portion of the Stock awarded to you pursuant to Section 6. 
 6.
Payment of Awards. Subject to Section 5 of this Agreement, if the Company achieves the minimum Performance Target during the Annual Incentive Award Performance Period, you will be entitled to settlement of this Award pursuant to this
Section 6. The amount to be paid to you in settlement of the Award will be calculated as set forth on the Attached Exhibit B. Any restricted Stock issued in settlement of this Award will vest in two (2) equal annual increments on
the first and second anniversaries of the date the Award is settled pursuant to Section 5(d)(iv) of the Plan. Such restricted Stock awards will become fully vested before the end of the two (2) year period in the event of your death,
retirement on or after age fifty-five (55), termination of employment by the Company for any reason other than Cause or your termination of employment for Good Reason. The number of shares of restricted Stock awarded to you upon settlement of this
Award will be determined based upon the Fair Market Value of such Stock on the first trading date that is not within the “black-out period” prescribed by the Company’s Insider Trading Policy following the date this Award is settled
and will be issued as “Other Stock-Based Awards” under Article 10 under the Omnibus Equity Plan. 
 Notwithstanding the foregoing,
in the event of a Change of Control during the Performance Period, you will be entitled to settlement of this Award immediately prior to the effective time of the Change of Control. The amount paid to you in settlement of the Award upon the
occurrence of a Change of Control will be a cash amount equal to the product of (a) the greater of (i) your award under the Plan for fiscal year 2007 and (ii) your entitlement under the Plan for fiscal year 2008 determined in
good faith by the Company based on the Company’s actual performance through the end of the last full month immediately preceding the effective time of the Change of Control, extrapolated on a straight line basis, in order to establish a full
year performance measure and a full year incentive award and (b) a fraction, the numerator of which shall equal the number of days commencing with and including June 1, 2007 through and including the effective time of the Change of Control
and the denominator of which is three hundred sixty five (365). In addition, if following the occurrence of the Change of Control, the Company achieves the minimum Performance Target during the Annual Incentive Award Performance Period, and you are
employed on the last day of the Performance Period as required under Section 5, you will be entitled to settlement of this Award in an amount calculated as set forth on the Attached Exhibit B less the portion of such Award that was paid
to you immediately prior to the effective time of the Change of Control. Such settlement will be made solely in the form of cash. 
 7.
Conditions to Stock Portion of Award. 
  

	 	a.	Escrow of Stock. The Company will issue in your name a certificate or certificates representing the restricted Stock awarded to you pursuant to Section 6 and retain that
certificate or those certificates until such Stock vests or is forfeited. You must execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. You hereby agree that the Company will hold the
certificate or certificates representing such shares of restricted Stock and the related stock powers pursuant to the terms of this Agreement until such time as such certificate or certificates are either delivered to you or canceled pursuant to
this Agreement.  

	 	b.	Ownership of Restricted Stock. From and after the time that the restricted Stock has been issued in your name, you will be entitled to all the rights of absolute ownership of
the restricted Stock, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement.

  

	 	c.	Restrictions, Forfeiture. The restricted Stock is restricted in that it may not be sold, transferred or otherwise alienated or hypothecated until such restrictions are
removed or expire as described in this Agreement. The restricted Stock is also restricted in the sense that it may be forfeited to the Company. You hereby agree that if the restricted Stock is forfeited, as provided herein, the Company will have the
right to deliver the certificate or certificates representing the restricted Stock to the Company’s transfer agent for cancellation or, at the Company’s election, for transfer to the Company to be held by the Company in treasury or by any
designee of the Company. 

  

	 	d.	Adjustment. In the event there is any change in the outstanding Stock of the Company by reason of any reorganization, recapitalization, stock split, stock dividend,
combination of shares or otherwise, there will be substituted for or added to each share of Stock theretofore appropriated or thereafter subject, or which may become subject, to this Award, the number and kind of shares of stock or other securities
or property into which each outstanding share of Stock will be so changed or for which each such share will be exchanged, or to which each such share will be entitled, as the case may be. Adjustment under the preceding provisions of this
Section 7.d will be made by the Committee pursuant to the terms of the Omnibus Equity Plan, whose determination as to the manner in which adjustments will be made will be final, binding, and conclusive. No fractional interest will be issued
under the Plan on account of any such adjustment. 

  

	 	e.	Delivery of Stock and Registration. Promptly following the expiration of the restrictions on the restricted Stock, the Company will cause to be issued and delivered to you or
your designee a certificate evidencing the number of shares of restricted Stock as to which such restrictions have lapsed, free of any restrictive legend relating to the lapsed restrictions. The value of such restricted Stock will not bear any
interest owing to the passage of time. Nothing herein will require the Company to issue or the transfer agent to deliver any shares of Stock with respect to the Award pursuant to this Agreement if (a) that issuance would, in the opinion of
counsel for the Company, constitute a violation of the Securities Act of 1933 or any similar or superseding statute or statutes, any other applicable statute or regulation, or the rules of any applicable securities exchange or securities
association, as then in effect; or (b) the withholding obligation as provided in Section 8 of this Agreement has not been satisfied. 

 From time to time, the Board and appropriate officers of the Company will and are authorized to take whatever actions are necessary to file required documents with governmental authorities, stock exchanges, and other
appropriate persons to enable Awards to be settled in Stock. 
  

	 	f.	Restrictions on Resale. You may not sell or otherwise dispose of shares of Stock delivered to you pursuant to Section 7.e. of this Agreement unless the shares of such
Stock have been duly registered under the Securities Act of 1933, as amended, and any applicable state securities laws or you provide to the Company an opinion of counsel acceptable to the Company that no such registration is required.

 8. Agreement Respecting Taxes. You agree that you will pay to the Company, or make arrangements satisfactory to the
Company regarding payment of any federal, state or local taxes of any kind required by law to be withheld by the Company with respect to this Award; and the Company will, to the extent permitted by law, have the right to deduct from any payment of
any kind otherwise due to you, including, but not limited to, payments pursuant to Section 6 hereof, any federal, state, or local taxes of any kind required by law to be withheld with respect to this Award. In the event that you elect to make a
Section 83(b) Election pursuant to the Internal Revenue Code Section 83(b) Election Form attached to this Agreement as Attachment 1, you agree to comply with the terms and conditions set forth in such Attachment. 
  

 9. Right of Company to Terminate Employment. Nothing contained in this Agreement will
(a) constitute a term of employment with the Company or any subsidiary of the Company, (b) confer upon you the right to continue in the employ of the Company or any subsidiary of the Company, or (c) interfere in any way with the
rights of the Company or any subsidiary of the Company to terminate your employment at any time. 
 10. Acknowledgment. By executing
this Agreement in the appropriate space below, you (a) acknowledge that you have been provided with a copy of the Plan, and that your rights under and with respect to this Award are and will be subject to all the terms and provisions of the
Plan and this Agreement, and (b) acknowledge that this Agreement is not intended to and does not modify the terms of any employment agreement by and between you and the Company. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK] 

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
officer as of the date first written above. 
  

			
	 CHAPARRAL STEEL COMPANY

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Its:
	 	  

  

			
	 AGREED AND ACCEPTED

		
	 By:
	 	  

		
	 Date:
	 	  

 ATTACHMENT 1 
 INTERNAL REVENUE CODE SECTION 83(b) ELECTION FORM 
  

	I.	DIRECTIONS 

 To effectuate an election pursuant to
section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”): 
  

	 	A.	Fill in any omitted information on this election form (the “Form”); 

  

	 	B.	Sign and date the Form and return one copy of the Form to Chaparral Steel Company (the “Company”); 

  

	 	C.	Mail a copy of the Form, registered or certified mail, return receipt requested, to the Service Center where you file your Internal Revenue Service tax return WITHIN 30 DAYS OF
RECEIPT OF THE PROPERTY; and 

  

	 	D.	Attach one copy of the Form to your income tax return for calendar year 2008. 

  

	II.	CODE SECTION 83(b) ELECTION 

  

	 	A.	Taxpayer Information 

  

											
	(1)	  	Name:	 	  
	  	
				
	(2)	  	Address:	 	  
	  	
				
		  		 	  
	  	

  

	 	(3)	Taxpayer identification number/SSN:
                                        
                                   

  

	 	B.	Property Description 

 Shares of common stock, par
value $.01 per share of Chaparral Steel Company (the “Property”) 
  

	 	C.	Date and Taxable Year of Transfer 

  

	 	(1)	Property transfer date:
                                        
                                        
                     

  

	 	(2)	The taxable year in which the Property was transferred: 2008. 

  

	 	D.	The Nature of the Restriction to Which the Property is Subject 

 Pursuant to the terms of an Annual Incentive Performance Award Agreement (the “Agreement”) between the Company and the Taxpayer, the shares of common stock will not be transferable and will be subject
to a substantial risk of forfeiture as set forth in the Agreement. The restrictions on all of the shares will expire on the earliest of: (i) two years from the date the shares were received, (ii) the date of the Taxpayer’s
death, (iii) the date of the Taxpayer’s retirement from the Company on or after age fifty-five (55), (iv) the date of the Taxpayer’s termination of employment by the Company for any reason other than Cause or (v) the date of
the Taxpayer’s termination of employment for Good Reason, and the shares will become transferable except to the extent provided in Section 7 of the Agreement. 
  

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	 	E.	Property Valuation 

  

	 	(1)	Fair market value of property at time of transfer (determined without regard to restrictions that will lapse, including any substantial risk of forfeiture restrictions):
            . 

  

	 	(2)	Amount paid for property: $ 0. 

  

	 	(3)	Excess of fair market value over the amount paid: $            . 

  

	 	F.	Attestation 

 I have furnished my employer, for whom
services were performed in connection with the transfer of the property, with a copy of this statement. I am the recipient of the above described property and therefore need not inform a third party transferee of this election. 
  

											
	 SIGNED:
	 	  	 	  	 	DATE:	 	  	 	
		 	                    Signature of Taxpayer	 		 		 		 	

  

 NOTE: If you make an election pursuant to this Form, copies of the Form must be: 
  

	A.	Mailed registered or certified mail, return receipt requested, within 30 days of receipt of the property to the Service Center where you file your Internal Revenue Service tax
return; 

  

	B.	Provided to the entity for which you performed services as discussed above; and 

  

	C.	Attached to your income tax return for the year of transfer. 

 You must retain two copies of the completed form for filing with your federal and, to the extent applicable, state tax returns for the current tax year and an additional copy for your records. 
  

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