Document:

Supplemental Compensation Agreement

 Exhibit 10.ff 
  
 [Material Sciences Corporation Logo appears here] 
  
 2200 East Pratt Boulevard · Elk Grove
Village, Illinois 60007-5995 · U.S.A. 
  
 January 9, 2004 
  
 Mr. Cliff Nastas 
 Vice President Sales & Marketing 
 Elk Grove Village, Il. 
  

	 	Re:	Supplemental Compensation Agreement 

  
 Dear Cliff: 
  
 Material Sciences Corporation (the “Company”), as part of its cost reduction and restructuring plans, is continuing to review its metal
coating operations from a strategic standpoint to determine whether they are capable of earning a satisfactory return or whether they should be sold or idled (the “Strategic Review”). It is important to the Company that you remain employed
by the Company while it completes its review of the Strategic Review. This letter was prepared at the direction of Mike Callahan. 
  
 Accordingly, to compensate you for incremental work and responsibility and encourage your continued employment during this review period: (i) if you
remain continuously employed by the Company, and its successors and assigns, from and after the date of this letter through May 31, 2004 (the “Retention Date”) or (ii) your employment is terminated by the Company or its successors or
assigns without Cause (as defined below) after the date of this letter and prior to the Retention Date, the Company will pay you the sum of $300,000.00. Such payment will be made at the next compensation payment date following the earlier of (i) or
(ii), subject to withholding of all federal, state and local taxes or other amounts required by applicable law. For purposes of this letter, the term “Cause” means (i) your willful and continued failure to perform substantially your
duties to the Company within a reasonable period of time after a written demand for substantial performance is delivered to you by the Company which demand specifically identifies the manner in which the Company believes that you have not
substantially performed your duties; or (ii) your willful misconduct in the performance of your duties to the Company or your willful engagement in conduct which, in either case, is illegal or materially injurious to the Company monetarily or
otherwise. 
  
 Please note that the Company’s activities are
highly confidential and very sensitive. Accordingly, you hereby agree as follows: 
  
 1. Except as necessary to discharge your duties to the Company, you shall keep confidential all information and materials regarding the
Company and its business and operations, including, without limitation, any information concerning the Strategic Review. 

 2. You will not issue or cause the publication of any press release or other public
announcement with respect to the Company and its business and operations, including, without limitation, any information concerning the Strategic Review or other key operating decisions of the Company, without the prior written consent of the
Company. 
  
 3. You understand that the
Company’s Strategic Review constitutes material non-public information that you have a duty to keep confidential. Accordingly, you will not trade Material Sciences Corporation common stock until such time as an authorized representative of
Material Sciences Corporation delivers to you written notice to such effect. 
  
 Your failure to strictly comply with your obligations contained in this letter will terminate the Company’s obligation to make any payments to you pursuant to this letter. 
  
 Nothing contained in this letter shall confer upon you any right to
continuation of employment by the Company or its affiliates, or interfere with the right of the Company or its affiliates to terminate your employment at any time. 
  
 Please note that payment under this Supplemental Compensation Agreement will not have any further application towards any
other form of compensation, including but not limited to, any calculations related to your Supplemental Retirement Plan, Life Insurance Plans, annual Bonus Plans, Long Term Incentive Plans, etc. 
  
 If you are in agreement with the foregoing, please acknowledge your agreement
in the place provided below and return an original of this letter to the Company, whereupon this letter shall become a binding agreement between the Company and you. 
  

	 Very truly yours,

	
	 Material Sciences Corporation

		
	By:	 	 /s/    John M. Klepper        

	 	

	 	 	 John M. Klepper
 Vice President Human
Resources

  

	 ACKNOWLEDGED AND AGREED:

		
	 /s/    Cliff Nastas
	 	    1/9/04
	

	 Name:
	 	DateFifth Amendment to Stock Ownership Plan

 Exhibit 10.26 
  
  
 FIFTH AMENDMENT 
 TO THE 
 EARLE M. JORGENSEN

 EMPLOYEE STOCK OWNERSHIP PLAN 
 (As Amended and Restated Effective as of April 1, 2001) 
  
  
 THIS FIFTH AMENDMENT, by EARLE M. JORGENSEN HOLDING COMPANY, INC. (“Holding”), 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             , 2004 or such other date as indicated herein. 
  
  
 WITNESSETH: 
  
 WHEREAS, Holding and Earle
M. Jorgensen Company ( “EMJC”) have entered into an agreement and plan of merger and reorganization (the “Merger Agreement”) pursuant to which Holding will be merged into a wholly-owned subsidiary of EMJC (the “Merger”)
and EMJC will become the Plan Sponsor and the remaining adopting employer under the Plan; 
  
 WHEREAS, pursuant to the Merger Agreement, Holding agreed to amend the Plan to provide that a Plan participant who terminates his or her service between the effective time of the Merger and the first business
day that is thirty (30) days after the effective time of the Merger (but in no event later than June 30, 2004), may elect to take an immediate distribution of his or her Capital Accumulation from the Plan; and 
  
 WHEREAS, Holding further considers it desirable to amend the Plan to
provide that, subject to a participant’s right to demand stock, distributions will be made in stock and cash as contained in a participant’s account at the time of distribution. 
  
 NOW, THEREFORE, be it resolved, that the Plan is hereby amended as follows: 
  
  
 I. 
  
 Section 12(b) of the Plan is hereby amended
by adding the following to the end of such section: 
  
 “Notwithstanding the foregoing to the contrary, the following special distribution shall be permitted in conjunction with the merger (the “Merger”) of the Company into a wholly-owned subsidiary of the Employer pursuant to
that certain Agreement and Plan of Merger and Reorganization, dated as of December 18, 2003. If a participant’s service terminates between the effective time of the Merger and the first business day that is thirty (30) days after the effective
time of the Merger, but in no event later than June 30, 2004, such Participant may elect to take an 

 immediate lump sum distribution of his or her Capital Accumulation from the Plan.” 
  
  
 II. 
  
 Section 14 (a) of the Plan is hereby
amended by replacing it in its entirety with the following: 
  
 “(a) The Trustee will make distributions from the Trust only, as directed by the Committee. Distribution of a Participant’s Capital Accumulation will be made in the form of shares of Company Stock and cash in the amounts and
proportions held in his or her Account on the distribution date, subject to the Participant’s right to demand that such distribution (except his Rollover Account) be in the form of shares of Company Stock. 
  
 IN WITNESS WHEREOF, the Company has caused this Fifth Amendment to be
executed by its duly authorized officer as of the              day of January, 2004. 
  
  

	EARLE M. JORGENSEN HOLDING COMPANY, INC.
		
	By:	 	 
	 	

	 	 	 Name:  William S. Johnson
 Title:  Vice President and Chief Financial OfficerStock Bonus Plan Assumption Agreement

 Exhibit 10.27 
  
 STOCK BONUS PLAN ASSUMPTION AGREEMENT 
  
 This Stock Bonus Plan Assumption Agreement (this “Agreement”) is entered into as of this
             day of                         , 2004 (the
“Effective Date”), by and between the Earle M. Jorgensen Company, a Delaware corporation (the “Company”) and Wells Fargo Bank and Trust Company, the trustee (the “Trustee”) of that certain Earle M. Jorgensen Employee
Stock Ownership Trust, established May 3, 1990, as amended (the “Trust”), to facilitate administration of the Amended and Restated Employee Stock Ownership Plan of Earle M. Jorgensen Holding Company, Inc. (“Holding”), effective
as of April 1, 2001, as amended (the “Stock Bonus Plan”), on behalf of participants of the Stock Bonus Plan (collectively, the “Participants”); 
  
 WHEREAS, in connection with a financial restructuring transaction (the “Merger and Reorganization”),
Holding has agreed to be merged into EMJ Metals LLC, with EMJ Metals LLC surviving and Holding ceasing to exist, pursuant to the terms of that certain Agreement and Plan of Merger and Reorganization dated as of December 18, 2003 by and among
Holding, the Earle M. Jorgensen Company, EMJ Metals LLC and certain of Holding’s stockholders (the “Merger Agreement”); 
  
 WHEREAS, Section 4.4 of the Merger Agreement provides that at the time the merger becomes effective (the “Effective Time”), the Stock
Bonus Plan shall be assumed by the Company and shall continue in full force and effect until amended or changed in the manner provided by the provisions of the Stock Bonus Plan. 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants of the parties set forth
below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
  

	1.	The Company (a) assumes the Stock Bonus Plan and (b) agrees to perform, from and after the Effective Time, as a direct obligation of the Company, all of the obligations and
liabilities of Holding with respect to the Stock Bonus Plan. 

  

	2.	The rights of Participants in the Stock Bonus Plan shall not be materially changed as a consequence of the Merger and Reorganization, except for the conversion of the shares of
Holding capital stock into Company common stock pursuant to the merger. 

  

	3.	The Trust, all agreements underlying the Trust and the responsibilities of the Trustee with respect to the Trust, the Stock Bonus Plan and the Participants shall (a) remain
unchanged, (b) continue in full force and effect and (c) continue to apply in the same manner and scope and with the same applicability, following assumption of the Stock Bonus Plan by the Company, as was the case immediately prior to the Effective
Time when the Stock Bonus Plan operated as a plan of Holding. 

  

	4.	This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

  

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	5.	This Agreement may be executed in any number of counterparts, each of which may be deemed an original but all of which together shall constitute one of the same instrument.

  

	6.	This Agreement shall be construed and governed in accordance with the internal laws of the State of Delaware and the Employee Retirement Income Security Act of 1974, as amended,
without giving effect to principles of conflicts of law. 

  

	7.	If any party hereto commences any action or proceeding against any other party hereto arising our of or in connection with this Agreement, the prevailing party or parties shall be
entitled to recover from the other party or parties in such action or proceeding its reasonable attorneys’ fees and costs of suit. 

  
  
 [SIGNATURE PAGE FOLLOWS] 
  
  

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 IN WITNESS WHEREOF, this Stock Bonus Assumption Agreement has been executed and delivered on the date
first above written. 
  
  
 EARLE M. JORGENSEN COMPANY 
  
  
 By: 
 Name: 
 Title: 
  
  
 WELLS FARGO BANK AND TRUST COMPANY 
  
  
 By: 
 Name: 
 Title: 
  

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