Document:

Annual Incentive and Management Stock Purchase Plan

 Exhibit 10.36a 
 CONSTAR INTERNATIONAL INC. 
 ANNUAL INCENTIVE & MANAGEMENT STOCK PURCHASE PLAN

 (As Amended and Restated Effective January 1, 2008) 
  

 CONSTAR INTERNATIONAL INC. 
 ANNUAL INCENTIVE & MANAGEMENT STOCK PURCHASE PLAN 
 TABLE OF
CONTENTS 
  

					
	ARTICLE I PURPOSES AND EFFECTIVE DATE	  	1
	    1.1.	    	Purposes.	  	1
	    1.2.	    	Effective Date.	  	2
		
	ARTICLE II DEFINITIONS	  	2
		
	ARTICLE III ELIGIBILITY	  	10
	    3.1.	    	Eligibility.	  	10
		
	ARTICLE IV AWARD DETERMINATION	  	11
	    4.1.	    	Performance Goals.	  	11
	    4.2.	    	Objective Compensation Formula.	  	12
	    4.3.	    	Award Opportunities.	  	12
	    4.4.	    	Adjustment of Performance Goals.	  	12
	    4.5.	    	Final Award Determinations.	  	13
	    4.6.	    	Limitations.	  	13
		
	ARTICLE V PAYMENT OF BONUS AWARDS	  	13
	    5.1.	    	Form and Timing of Payment.	  	13
	    5.2.	    	Payment of Partial Awards.	  	14
		
	ARTICLE VI CONTRIBUTIONS	  	14
	    6.1.	    	Bonus Deferrals.	  	14
	    6.2.	    	Matching Contributions.	  	15
		
	ARTICLE VII ACCOUNT ADMINISTRATION	  	15
	    7.1.	    	Deferral Sub-Accounts.	  	15
	    7.2.	    	Matching Sub-Accounts.	  	15
	    7.3.	    	Dividends.	  	15
	    7.4.	    	Stock Adjustments.	  	16
	    7.5.	    	No Stockholders’ Rights.	  	16
		
	ARTICLE VIII VESTING	  	16
	    8.1.	    	Bonus Deferrals.	  	16
	    8.2.	    	Matching Contributions.	  	16
	    8.3.	    	Change in Control.	  	17
		
	ARTICLE IX DISTRIBUTIONS	  	17
	    9.1.	    	Distribution of Bonus Deferrals.	  	17

					
	    9.2.	    	Normal Distribution of Matching Contributions.	  	18
	    9.3.	    	Deferral of Matching Contributions.	  	18
	    9.4.	    	Distributions on Termination of Employment.	  	18
	    9.5.	    	Distributions Upon a Change in Control.	  	19
	    9.6.	    	Valuation and Manner of Distributions.	  	19
	    9.7.	    	Certain Permitted Delays.	  	20
		
	ARTICLE X FUNDING	  	20
		
	ARTICLE XI ADMINISTRATION	  	21
	    11.1.	    	Administration.	  	21
	    11.2.	    	Administrative Review.	  	22
	    11.3.	    	General.	  	22
		
	ARTICLE XII CLAIMS PROCEDURE	  	22
	    12.1.	    	Initial Claim.	  	22
	    12.2.	    	Procedure for Review.	  	23
	    12.3.	    	Claim Denial Procedure.	  	23
	    12.4.	    	Appeal Procedure.	  	24
	    12.5.	    	Decision on Appeal.	  	24
		
	ARTICLE XIII AMENDMENT AND TERMINATION	  	25
		
	ARTICLE XIV MISCELLANEOUS	  	26
	    14.1.	    	Non-Guarantee of Employment.	  	26
	    14.2.	    	Rights of Participants to Benefits.	  	26
	    14.3.	    	No Assignment.	  	26
	    14.4.	    	Withholding.	  	26
	    14.5.	    	Account Statements.	  	27
	    14.6.	    	Gender.	  	27
	    14.7.	    	Titles.	  	27
	    14.8.	    	Severability.	  	27
	    14.9.	    	Successors.	  	27
	    14.10.	    	Governing Law.	  	27
	    14.11.	    	Other Plans.	  	28

  

 CONSTAR INTERNATIONAL INC. 
 ANNUAL INCENTIVE & MANAGEMENT STOCK PURCHASE PLAN 
 ARTICLE I
PURPOSES AND EFFECTIVE DATE 
 1.1. Purposes. This is the Constar International Inc. Annual Incentive & Management
Stock Purchase Plan (the “Plan”), as amended and restated effective January 1, 2008. The purposes of the Plan are to attract and retain highly-qualified executives, to align executive and stockholder long-term interests by creating a
direct link between annual incentive executive compensation and stockholder return and, if so determined by the Committee (as defined below), to enable executives to acquire stock so that they may develop and maintain a substantial stock ownership
position in the Company. The Plan is an unfunded plan that is not intended to be (a) subject to Parts 2, 3 or 4 of Title I, Subtitle B of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or (b) qualified
under section 401(a) of the Code. 
 1.2. Effective Date. The Plan became effective on January 1, 2003. This amendment and
restatement of the Plan is effective January 1, 2008. This amendment and restatement of the Plan is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended, (the “Code”) and is to be construed in
accordance with Code Section 409A and the regulations and guidance thereunder. This amendment and restatement of the Plan shall apply only to amounts deferred under the Plan which were not earned and vested prior to January 1, 2005 and the
provisions of this amendment and restatement shall be effective as of January 1, 

  

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2008. Amounts considered “earned and vested” (under Section 409A of the Code and the regulations and other guidance issued thereunder) prior
to January 1, 2005 shall continue to be subject to the terms of the Plan as written prior to January 1, 2008. 
 ARTICLE II 

 DEFINITIONS 
 As used
herein, the following terms shall have the following meanings: 
 2.1. “Account” means the bookkeeping reserve account
established and maintained for each Participant for purposes of determining the amount payable to the Participant pursuant to the Plan; each Account shall consist of a Deferral Sub-Account, a Matching Sub-Account and such other subaccounts as are
necessary or desirable in the opinion of the Committee for the convenient administration of the Plan. The establishment of an Account shall not require segregation of any funds of the Company or any Participating Employer or provide any Participant
with any rights to any assets of the Company or any Participating Employer, except as a general creditor thereof. A Participant shall have no right to receive payment of any amount credited to the Participant’s Account except as
expressly provided under the Plan. 
 2.2. “Approved Distribution Date” means a date at least five years after a
Participant’s Normal Distribution Date that has been approved by the Committee on which distribution of the value of a Tranche of Restricted Stock Units will be made in accordance with Section 9.3. 
  

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 2.3. “Award Opportunity” means the various levels of incentive awards, which a
Participant may earn under the Plan, as established by the Committee pursuant to Article IV. 
 2.4. “Base Salary”
means the regular base salary earned by a Participant during the Plan Year prior to any salary reduction contributions made to any of the Company’s or any Participating Employer’s deferred compensation plans, except as otherwise determined
by the Committee in its sole discretion. 
 2.5. “Beneficiary” means the person(s), trust(s) or other entities, the
Participant designates, in accordance with procedures established by the Committee, to receive any benefits under the Plan after the death of the Participant. If the Participant has not designated a Beneficiary, or if no Beneficiary survives the
Participant, the aggregate amount then credited to the Participant’s Account shall be paid in a single sum to the Participant’s estate. 
 2.6. “Board” means the Board of Directors of the Company or, if the Board so directs, the Committee acting on behalf of the Board in the exercise of any and all powers and duties of the Board pursuant to this Plan.

 2.7. “Bonus” means the annual performance bonus payable by a Participating Employer to a Participant under the
Plan, as determined by the Committee after the end of such Plan Year. To be eligible to receive a Bonus, a Participant must be employed by a Participating Employer as of January 1 of the Plan Year following the Plan Year during which such Bonus
is earned. 
  

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 2.8. “Cause” means (a) a Participant, in carrying out his duties for the
Participating Employer, engages in gross misconduct or gross negligence resulting in a material adverse effect on the Participating Employer, (b) a Participant embezzles any amount of the Participating Employer’s assets, (c) a
Participant is convicted (including a plea of guilty or nolo contendere) of a felony involving moral turpitude, (d) a Participant’s breach of any restrictive covenant agreed to with the Participating Employer, or (e) a
Participant’s willful and material failure to follow the lawful instructions of the Board. For purposes of this Section 2.8, no act, or failure to act, on the Participant’s part shall be considered “willful” unless done, or
omitted to be done, by him in bad faith and without reasonable belief that his action or omission was in the best interest of the Participating Employer. Any act or omission to act by the Participant in reliance upon an opinion of counsel to the
Participating Employer shall not be deemed to be willful. 
 2.9. “Change in Control” means: 
 (a) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act), during any 12-month
period ending on the date of the most recent acquisition by such individual, entity or group, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 30% of the total voting power of the voting
securities of the Company entitled to vote generally in the election of directors (the “Voting Securities”); provided, however, that the following acquisitions shall not constitute a Change in Control: (a) any acquisition, directly or
indirectly by or from the Company or any Subsidiary, or by any employee benefit plan (or 

  

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related trust) sponsored or maintained by the Company or any Subsidiary, (b) any acquisition by any underwriter in connection with any firm commitment
underwriting of securities to be issued by the Company, or (c) any acquisition by any corporation if, immediately following such acquisition, 70% or more of the then outstanding shares of common stock of such corporation and the combined voting
power of the then outstanding voting securities of such corporation (entitled to vote generally in the election of directors), are beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who,
immediately prior to such acquisition, were the beneficial owners of the then outstanding Stock of the Company and the Voting Securities in substantially the same proportions, respectively, as their ownership, immediately prior to such acquisition,
of the Stock and Voting Securities; or 
 (b) The occurrence, during any 12-month period, of a reorganization, merger or consolidation,
other than a reorganization, merger or consolidation with respect to which all or substantially all of the individuals and entities who were the beneficial owners, immediately prior to such reorganization, merger or consolidation, of the Stock and
Voting Securities beneficially own, directly or indirectly, immediately after such reorganization, merger or consolidation 70% or more of the then outstanding common stock and voting securities (entitled to vote generally in the election of
directors) of the corporation resulting from such reorganization, merger or consolidation in substantially the same proportions as their respective ownership, immediately prior to such reorganization, merger or consolidation, of the Stock and Voting
Securities; or 
  

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 (c) The sale or other disposition, during any 12-month period ending on the date of the most recent sale
or disposition, of assets of the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately before such sale or disposition, other than to a
subsidiary, wholly-owned, directly or indirectly, by the Company or to a holding company of which the Company is a direct or indirect wholly owned subsidiary prior to such transaction; or 
 (d) During any period of 12 consecutive months, the individuals at the beginning of any such period who constitute the Board and any new director (other
than a director designated by a person or entity who has entered into an agreement with the Company or other person or entity to effect a transaction described in Sections 2.9(a), (b) or (c) above) whose election by the Board or nomination
for election by the Company’s stockholders was approved by a vote of a majority of the directors then still in office who either were directors at the beginning of any such period or whose election or nomination for election was previously so
approved, cease for any reason to constitute a majority of the Board. 
 2.10. “Code” means the Internal Revenue Code
of 1986, as amended. 
 2.11. “Committee” means the Compensation Committee of the Board, provided that, with respect
to awards intended to qualify as “performance-based compensation” under Section 162(m) of the Code, such committee shall consist of two (2) or more individuals who are “outside directors” within the meaning of
Section 162(m) of the Code, as amended from time to time. 
  

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 2.12. “Company” means Constar International Inc., a corporation organized under
the laws of the State of Delaware, or any successor corporation. 
 2.13. “Disability” means the Employee is
(a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits
for a period of not less than three months under an accident and health plan of the applicable Participating Employer. Notwithstanding the foregoing, if the Participating Employer maintains an accident and health plan, only subparagraph
(b) hereof shall apply in determining whether an Employee is considered disabled for the purposes of this Plan. 
 2.14.
“Employee” means an officer or other key employee of a Participating Employer including a director who is such an employee. 
 2.15. “Employer” means the Company and any other entity included with the Company in a controlled group of corporations or trades or businesses within the meaning of Section 414(b) or Section 414(c) of the
Code, provided that, for purposes of Section 2.26 hereof, in applying Code Section 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under Code Section 414(b), the language “at least 50
percent” is used instead of “at least 80 percent” each place it appears in Code Section 1563(a)(1), (2), and (3), and in applying Treasury Regulation §1.414(c)-2 for purposes of determining trades or businesses 

  

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(whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 50 percent” is used instead of
“at least 80 percent” each place it appears in Treasury Regulation §1.414(c)-2. 
 2.16. “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 2.17. “Fair Market Value” means on any
given date, the closing price of a share of Stock on the principal national securities exchange on which the Stock is listed on such date or, if the Stock was not traded on such date, on the last preceding day on which the Stock was traded. If at
any time such Stock is not listed on any securities exchange, the Fair Market Value shall be the fair value of such Stock as determined in good faith by the Committee, in accordance with applicable law. 
 2.18. “Matching Contribution” means amounts credited to a Participant’s Account pursuant to Section 6.2. 
 2.19. “Normal Distribution Date” means the third anniversary of the date on which an amount is credited to a Participant’s
Matching Sub-Account under Section 6.2 and on which distribution of the value of a Tranche of Restricted Stock Units will be made in accordance with Section 9.2. 
 2.20. “Participant” means an Employee who is participating in the Plan pursuant to Article III. 
 2.21. “Participating Employer” means the Company and any Subsidiary, unless such Subsidiary is excluded as a Participating
Employer by the Board, and any organization into which a Participating Employer may be merged or consolidated or to which all or substantially all of its assets may be transferred. 
  

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 2.22. “Plan” means the Constar International Inc. Annual Incentive &
Management Stock Purchase Plan as set forth herein and as amended from time to time. 
 2.23. “Plan Year” means the
calendar year. 
 2.24. “Restricted Stock Unit” means a notional entry that is entered in a Participant’s
Account which represents the value of one share of Stock in accordance with the terms of this Plan. 
 2.25.
“Retirement” means, with respect to any Participant, Separation from Service after attainment of an age regarded by the Participating Employer as the normal retirement age for its employees in general, based upon the
Participating Employer’s general employment and related policies and practices. 
 2.26. “Separation from
Service” means a Participant’s termination of employment with the Employer that meets the requirements of a “separation from service” as defined under Section 409A of the Code and the regulations and other guidance
thereunder. 
 2.27. “Specified Employee” means, for any 12-month period beginning on April 1 and ending on the
following March 31, a Participant who, as of the preceding December 31, was (i) an officer of an Employer having annual compensation (as defined in Section 414(q)(4) of the Code) greater than $130,000 (as adjusted under
Section 416(i)(1) of the Code), (ii) a “five-percent owner” of an Employer (as defined in Section 416(i)(1)(B) of the Code), or 

  

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(iii) a person having annual compensation (as defined in Section 414(q)(4) of the Code) of more than $150,000 and who would be classified as a
“five-percent owner” of an Employer under Section 416(i)(1)(B) of the Code if “one percent” were substituted for “five percent” each time it appears in the definition of such term. 
 2.28. “Stock” means the common stock of the Company, par value $.01 per share, or such other class or kind of shares or other
securities designated by the Committee. 
 2.29. “Stock Plan” means the Constar International Inc. 2007 Stock-Based
Incentive Compensation Plan, as amended from time to time. 
 2.30. “Subsidiary” means any corporation (other than
the Company) in an unbroken chain of corporations beginning with the Company (or any subsequent parent of the Company) if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total
combined voting power of all classes of stock in one of the other corporations in such chain. 
 2.31. “Target Incentive
Award” means the award to be paid to a Participant when 100% of performance measures are achieved, as established by the Committee. 
 2.32. “Tranche” means the amount of Restricted Stock Units credited to a Participant’s Account during any one Plan Year. 
 2.33. “Valuation Date” means the business day used for purposes of valuing the Restricted Stock Units credited to a Participant’s Account prior to a distribution described in Article IX.

  

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 ARTICLE III 
 ELIGIBILITY 
 3.1. Eligibility. Each Employee who is selected by the Committee shall be
eligible to become a Participant as of the date designated by the Committee. A designated Employee shall remain eligible until such time as the Committee affirmatively revokes such Employee’s eligibility. 
 ARTICLE IV 
 AWARD DETERMINATION

 4.1. Performance Goals. Prior to the beginning of each Plan Year, or as soon as practicable thereafter (but in no event
more than ninety (90) days after the beginning of such Plan Year), the Committee shall, in its sole discretion, approve or establish in writing the performance goals for that Plan Year. For any performance period that is less than twelve
months, the performance goals shall be established before twenty-five percent (25%) of the relevant performance period has lapsed. 
 The performance goals may include, without limitation, any combination of financial, non-financial and individual performance goals, as determined by the Committee, based upon: (i) the price of Stock, (ii) the market share of the
Company or its Subsidiaries (or any business unit thereof), (iii) sales by the Company or its Subsidiaries (or any business unit thereof), (iv) earnings per share of Stock, (v) return on shareholder equity of the Company,
(vi) costs of the Company or its Subsidiaries (or any business unit thereof), (vii) cash flow of the 

  

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Company or its Subsidiaries (or any business unit thereof), (viii) return on total assets of the Company or its Subsidiaries (or any business unit
thereof), (ix) return on invested capital of the Company or its Subsidiaries (or any business unit thereof), (x) return on net assets of the Company or its Subsidiaries (or any business unit thereof), (xi) operating income of the
Company or its Subsidiaries (or any business unit thereof), (xii), earnings before interest, taxes, depreciation and amortization (“EBITDA”), including EBITDA as may be adjusted pursuant to the Company’s or a Subsidiary’s credit
agreements or otherwise, (xiii) individual goals or (xiv) net income of the Company or its Subsidiaries (or any business unit thereof). The Committee shall have discretion to determine the specific targets with respect to each of these
categories of performance goals. Before payment of a Bonus, the Committee shall certify that an individual has satisfied the applicable performance goal. 
 With respect to awards not intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee also shall have the authority to exercise subjective discretion in the
determination of final awards, as well as the authority to delegate the ability to exercise subjective discretion in this respect. 
 The
performance period with respect to which awards may be payable under the Plan shall generally be the Plan Year; provided, however, that the Committee shall have the authority and discretion to designate different performance periods under the Plan.

 Employees who are eligible to participate in the Plan shall be notified of the performance goals and the related Award Opportunities for
the relevant Plan Year (or other performance period), as soon as practicable. 
  

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 4.2. Objective Compensation Formula. Prior to the beginning of each Plan Year, or as soon
as practicable thereafter (but in no event more than ninety (90) days after the beginning of such Plan Year), the Committee shall approve or establish in writing the objective compensation formula or standard for that Plan Year. Such objective
compensation formula or standard shall be the method for computing the amount of compensation payable to the Participant if the performance goals are attained. The formula or standard is objective if a third party having knowledge of the relevant
performance results could calculate the amount to be paid to a Participant. 
 4.3. Award Opportunities. Prior to the beginning
of each Plan Year, or as soon as practicable thereafter (but in no event more than ninety (90) days after the beginning of such Plan Year), the Committee shall establish an Award Opportunity for each Participant. Such Award Opportunity may vary
in relation to the job classification of each Participant. In the event a Participant changes job levels during a Plan Year, the Participant’s Award Opportunity may be adjusted to reflect the amount of time at each job level during the Plan
Year. 
 4.4. Adjustment of Performance Goals. The Committee shall have the right to adjust the performance goals and the Award
Opportunities (either up or down) during a Plan Year. Notwithstanding the foregoing, if awards are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, such adjustment shall only be made to the
extent permitted by Code Section 162(m) and the regulations and interpretative rulings thereunder, if the Committee determines that external changes or other unanticipated business conditions have materially affected the fairness of the goals
and have unduly influenced the 

  

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Participating Employer’s ability to meet them. Further, in the event of a Plan Year of less than twelve (12) months, the Committee shall have the
right to adjust the performance goals and the Award Opportunities accordingly. 
 4.5. Final Award Determinations. At the end
of each Plan Year, Bonuses shall be computed for each Participant as determined by the Committee. Each such award shall be based upon (a) the Participant’s Target Incentive Award percentage (or such greater or lesser percentage, as
appropriate), multiplied by his Base Salary, in whole or in part (or other preestablished objective compensation formula in accordance with Section 4.2), and (b) the attainment of financial, non-financial and individual performance goals.
In the event that a Participant is not employed by the Participating Employer at the end of a Plan Year, no Bonus shall be payable for such Plan Year. 
 4.6. Limitations. A Participant’s Bonus (irrespective of any interest crediting under Section 7.1 or any Matching Contribution as provided under Section 6.2) with respect to any Plan Year
shall not exceed 150 percent of the Participant’s Base Salary. 
 ARTICLE V 
 PAYMENT OF BONUS AWARDS 
 5.1.
Form and Timing of Payment. As soon as practicable following receipt of the audited financial statements with respect to each Plan Year, the Committee shall certify in writing the extent to which the Company (or any Subsidiary or
business unit thereof) and/or each Participant has achieved the performance goals for such Plan Year, including the specific target 

  

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objective(s) and the satisfaction of any other material terms of the awards, and the Committee shall calculate the amount of each Participant’s Bonus
for the relevant period. Fifty percent of each Bonus shall be paid to the Participant, or to his estate in the case of death, in a single cash payment as soon as practicable following the receipt of audited financial statements with respect to each
Plan Year, but in no event later than December 31 of the Plan Year following the Plan Year during which such Bonus is earned. The remaining fifty percent of each Bonus shall be credited to the Participant’s Deferral Sub-Account pursuant to
Article VI. The amount of any Bonus deferred with respect to any Plan Year shall reduce the amount of such Bonus otherwise payable to the Participant as of the date such payment otherwise would have been made, and the amount of such reduction shall
be allocated to the Participant’s Deferral Sub-Account effective as of the date the applicable Bonus would otherwise have been payable. 
 5.2. Payment of Partial Awards. In the event a Participant no longer meets the eligibility criteria as set forth in the Plan during the course of a particular Plan Year, the Committee may, in its sole discretion, compute and
pay a partial Bonus or no Bonus for the portion of the Plan Year that an Employee was a Participant. Notwithstanding the foregoing, in order to receive any Bonus for a Plan Year, such Participant shall be employed by a Participating Employer on
January 1 of the following Plan Year. 
  

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 ARTICLE VI 
 CONTRIBUTIONS 
 6.1. Bonus Deferrals. For each Plan Year, 50 percent of each
Participant’s Bonus shall be credited to the Participant’s Deferral Sub-Account as of the date on which the Committee approves the payment of a Bonus to the Participant absent deferral of such amount. 
 6.2. Matching Contributions. For each Plan Year, the Committee shall credit to each Participant’s Matching Sub-Account an amount (in
accordance with Article VII) equal to 50 percent of the Participant’s Bonus credited to the Participant’s Deferral Sub-Account for such Plan Year. 
 ARTICLE VII 
 ACCOUNT ADMINISTRATION 
 7.1. Deferral Sub-Accounts. All amounts credited to a Participant’s Deferral Sub-Account shall be credited on a cash basis. The
balance of a Participant’s Deferral Sub-Account shall be credited with five percent (5%) annual interest on a daily basis. 
 7.2.
Matching Sub-Accounts. All amounts credited to a Participant’s Matching Sub-Account shall be credited on the basis of Restricted Stock Units. The number of Restricted Stock Units credited to a Participant’s Matching
Sub-Account shall be equal to the Participant’s total Matching Contributions for such Plan Year divided by the Fair Market Value of the Stock as of the second trading day after the Company’s first earnings release following the
Committee’s approval of the cash portion of the Bonus. Partial Restricted Stock Units of 0.5 or more will be rounded upwards. 
  

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 7.3. Dividends. If during the period of time a Participant’s Matching Sub-Account is
credited with Restricted Stock Units, the Company pays a dividend with respect to its Stock, the Participant shall be credited with additional Restricted Stock Units in accordance with this Section. The number of additional Restricted Stock Units
credited to a Participant’s Matching Sub-Account pursuant to this Section shall be calculated by dividing (a) the product of (i) the whole number of Restricted Stock Units held in the Participant’s Matching Sub-Account as of the
date the dividend is paid times (ii) the amount of such dividend with respect to each share of Stock, by (b) the Fair Market Value of the Stock on the date such dividend is paid. Restricted Stock Units shall be credited to a
Participant’s Matching Sub-Account under this Section as of the date the applicable dividend is paid. 
 7.4. Stock
Adjustments. The Committee shall adjust each Participant’s Matching Sub-Account as the Committee determines is appropriate to reflect any stock dividend, stock split, combination of shares, merger, share exchange, consolidation or any
other change in the corporate structure of the Company or the Stock. 
 7.5. No Stockholders’ Rights. The crediting of
Restricted Stock Units to a Participant’s Account shall not give any Participant any right or interest in any shares of Stock that may be held from time to time in a rabbi trust incident to the Plan or otherwise. 
  

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 ARTICLE VIII 
 VESTING 
 8.1. Bonus Deferrals. A Participant shall be fully vested in all amounts
(including interest) credited to his Deferral Sub-Account at all times. 
 8.2. Matching Contributions. Except as provided
below, each Tranche of Restricted Stock Units shall become vested on the applicable Normal Distribution Date, provided the Participant remains in the continuous employment of the Participating Employer until such date. If a Participant terminates
employment due to death or Disability prior to the applicable Normal Distribution Date with respect to a Tranche of Restricted Stock Units, such Tranche shall become fully vested. If a Participant terminates employment due to Retirement or is
involuntarily terminated by the Participating Employer without Cause prior to the applicable Normal Distribution Date with respect to a Tranche of Restricted Stock Units, such Tranche shall become vested on a pro-rata basis. Such pro rata amount
shall be calculated based upon the Participant’s fully completed years of employment with the Participating Employer from the time such Tranche was credited to the Participant’s Matching Sub-Account compared to the years of employment that
would have been completed from the time such Tranche was credited to the Participant’s Account until the applicable Normal Distribution Date. If a Participant voluntarily terminates employment (other than for Retirement) or is terminated by the
Participating Employer for Cause prior to the applicable Normal Distribution Date with respect to a Tranche of Restricted Stock Units, such Tranche shall be forfeited and the Participant shall have no rights with respect to such Restricted Stock
Units. 
  

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 8.3. Change in Control. Upon a Change in Control, all Restricted Stock Units credited to a
Participant’s Matching Sub-Account shall become immediately fully vested. 
 ARTICLE IX 
 DISTRIBUTIONS 
 9.1.
Distribution of Bonus Deferrals. Subject to Sections 9.4, 9.5 and 9.7, the amount of each Bonus (together with interest credited on such Bonus) allocated to a Participant’s Deferral Sub-Account shall be distributed to such
Participant upon the one-year anniversary of the date on which the amount was credited to the Participant’s Deferral Sub-Account under Section 6.1. 
 9.2. Normal Distribution of Matching Contributions. Subject to Sections 9.4, 9.5 and 9.7, and in accordance with Section 9.6, the value of a Tranche of Restricted Stock Units shall be distributed on
the Normal Distribution Date, unless the Committee has approved a subsequent distribution date in accordance with Section 9.3. 
 9.3.
Deferral of Matching Contributions. At least 12 months prior to the Normal Distribution Date for a Tranche of Restricted Stock Units, a Participant may request that a distribution from his or her Matching Sub-Account be paid on an
Approved Distribution Date in accordance with procedures established by the Committee. Such an election is subject to the Committee’s approval and, if approved by the Committee, will become irrevocable on the day that is 12 months prior to the
Normal Distribution Date. If the Committee fails to approve such election by the date it would otherwise become irrevocable, such election shall be void. The Approved Distribution Date shall be applicable to an entire Tranche of Restricted Stock
Units. 
  

 - 19 - 

 9.4. Distributions on Termination of Employment. Upon a Participant’s Separation from
Service for any reason, the entire value of a Participant’s Deferral Sub-Account shall be distributed in cash and the value of all vested Restricted Stock Units shall be distributed in accordance with Section 9.6 as soon as practicable.
Notwithstanding the foregoing or any other provision of the Plan, if the Participant is a Specified Employee when a payment would otherwise be made, and such payment would otherwise subject the Participant to any tax, interest or penalty imposed
under Section 409A(a)(1)(B) of the Code (or any regulations or any guidance promulgated thereunder or with respect to) if the payment would be made within six months of the Participant’s Separation from Service, then such payment shall not
be made until the first day which is six months after the date of the Participant’s Separation from Service. 
 9.5. Distributions
Upon a Change in Control. Upon a Change in Control, the entire value of a Participant’s Deferral Sub-Account shall be distributed in cash and the value of all Restricted Stock Units shall be distributed in accordance with
Section 9.6 as soon as practicable. 
 9.6. Valuation and Manner of Distributions. 
 (a) The Valuation Date for distributions made on a Normal Distribution Date or an Approved Distribution Date in accordance with Sections 9.2 and 9.3
shall be such Normal Distribution Date or Approved Distribution Date, as applicable. 
  

 - 20 - 

 (b) The Valuation Date for distributions made upon Separation from Service or Change in Control in
accordance with Sections 9.4 or 9.5, respectively, shall be the date of the Participant’s Separation from Service or Change in Control, as applicable. 
 (c) Distributions under this Plan with respect to a Participant’s Matching Sub-Account shall be made in Stock issued under the Stock Plan, unless, the Committee provides, in its sole discretion, for all or part
of a Participant’s distribution to be in cash (including for reasons of having insufficient Stock available under the Stock Plan or the payment of any applicable withholding taxes); provided, however, that no partial shares of Stock shall be
distributed and in lieu thereof cash shall be distributed. Distributions in Stock shall be made by issuing Stock certificates for a number of shares equal to the vested Restricted Stock Units to be distributed on the applicable Valuation Date.
Distributions in cash shall be in an amount equal to the number of vested full and partial Restricted Stock Units in a Participant’s Matching Sub-Account, which were not distributed in Stock in accordance with the prior sentence, times the Fair
Market Value of the Stock on the Valuation Date. Upon Distribution all rights to any Restricted Stock Units shall be cancelled. 
 9.7.
Certain Permitted Accelerations and Delays. Notwithstanding any other provision of the Plan to the contrary, in the sole and absolute discretion of the Committee, amounts payable hereunder may be accelerated or delayed to a date or
dates other than the dates specified under this Article IX only under circumstances permitted under Section 409A of the Code. 
  

 - 21 - 

 ARTICLE X 
 FUNDING 
 The obligations of the Company and other Participating Employers to distribute benefits
under this Plan shall be interpreted solely as an unfunded, contractual obligation to distribute only those amounts credited to the Participant’s Account pursuant to the terms of this Plan. Any assets set aside, including any assets transferred
to a rabbi trust or purchased by the Company or other Participating Employer with respect to amounts payable under the Plan, shall be subject to the claims of the Company’s or the Participating Employer’s general creditors, and no person
other than the Company or the Participating Employer shall, by virtue of the provisions of the Plan, have any interest in such assets. All amounts deferred pursuant to this Plan may, in the Committee’s discretion, be transferred to a rabbi
trust as soon as practicable after such amounts are allocated to a Participant’s Account. 
 ARTICLE XI 
 ADMINISTRATION 
 11.1.
Administration. The Plan will be administered by the Committee. The Committee shall be the named fiduciary for purposes of the claims procedure pursuant to Article XII and shall have authority to act to the full extent of its absolute
discretion to: 
 (a) interpret the Plan; 
  

 - 22 - 

 (b) resolve and determine all disputes or questions arising under the Plan, including the power to
determine the rights of Participants and Beneficiaries, and their respective benefits, and to remedy any ambiguities, inconsistencies or omissions in the Plan; 
 (c) create and revise rules and procedures for the administration of the Plan and prescribe such forms as may be required for Participants to make elections under, and otherwise participate in, the Plan; and

 (d) take any other actions and make any other determinations as it may deem necessary and proper for the administration of the Plan.

 Any expenses incurred in the administration of the Plan will be paid by the Company and/or other Participating Employer. 
 11.2. Administrative Review. Except as the Committee may otherwise determine (and subject to the claims procedure set forth in Article
XII), all decisions and determinations by the Committee shall be final and binding upon all Participants and Beneficiaries. 
 11.3.
General. The Committee shall be entitled to rely conclusively upon, and shall be fully protected in any action or omission taken by it in good faith reliance upon the advice or opinion of any persons, firms or agents retained by it,
including but not limited to accountants, actuaries, counsel and other specialists. Nothing in this Plan shall preclude the Company or any other Participating Employer from indemnifying the members of the Committee for all actions under this Plan,
or from purchasing liability insurance to protect such persons with respect to the Plan. 
  

 - 23 - 

 ARTICLE XII 
 CLAIMS PROCEDURE 
 The Committee shall administer a claims procedure as follows: 
 12.1. Initial Claim. A Participant or Beneficiary who believes himself entitled to benefits under the Plan, or such individual’s
authorized representative acting on behalf of such individual (the “Claimant”), must make a claim for those benefits by submitting a written notification of his or her claim of right to such benefits. Such notification must be on
the form and in accordance with the procedures established by the Committee. 
 12.2. Procedure for Review. The Committee shall
establish administrative processes and safeguards to ensure that all claims for benefits are reviewed in accordance with the Plan document and that, where appropriate, Plan provisions have been applied consistently to similarly situated Claimants.

 12.3. Claim Denial Procedure. If a claim is wholly or partially denied, the Committee shall notify the Claimant within a
reasonable period of time, but not later than 90 days after receipt of the claim, unless the Committee determines that special circumstances require an extension of time for processing the claim. If the Committee determines that an extension of time
for processing is required, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 90-day period. In no event shall such 

  

 - 24 - 

 
extension exceed a period of 180 days from receipt of the claim. The extension notice shall indicate: (a) the special circumstances necessitating the
extension and (b) the date by which the Committee expects to render a benefit determination. A benefit denial notice shall be written in a manner calculated to be understood by the Claimant and shall set forth: (a) the specific reason or
reasons for the denial, (b) the specific reference to the Plan provisions on which the denial is based, (c) a description of any additional material or information necessary for the Claimant to perfect the claim, with reasons therefore,
and (d) the procedure for reviewing the denial of the claim and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a legal action under section 502(a) of ERISA following an adverse benefit
determination on review. 
 12.4. Appeal Procedure. In the case of an adverse benefit determination, the Claimant shall have
the opportunity to appeal to the Committee for review thereof by requesting such review in writing to the Committee within 60 days of receipt of notification of the denial. Failure to submit a proper application for appeal within such 60 day period
will cause such claim to be permanently denied. The Claimant shall be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claim. A document, record or other
information shall be deemed “relevant” to a claim in accordance with 29 C.F.R. §2560.503-1(m)(8). The Claimant shall also be provided the opportunity to submit written comments, documents, records and other information relating to the
claim for benefits. The Committee shall review the appeal taking into account all comments, documents, records and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or
considered in the initial benefit determination. 
  

 - 25 - 

 12.5. Decision on Appeal. The Committee shall notify a Claimant of its decision on appeal
within a reasonable period of time, but not later than 60 days after receipt of the Claimant’s request for review, unless the Committee determines that special circumstances require an extension of time for processing the appeal. If the
Committee determines that an extension of time for processing is required, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 60-day period. In no event shall such extension exceed a period of
60 days from the end of the initial period. The extension notice shall indicate: (a) the special circumstances necessitating the extension and (b) the date by which the Committee expects to render a benefit determination. An adverse
benefit decision on appeal shall be written in a manner calculated to be understood by the Claimant and shall set forth: (a) the specific reason or reasons for the adverse determination, (b) the specific reference to the Plan provisions on
which the denial is based, (c) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information relevant to the Claimant’s claim (the
relevance of a document, record or other information will be determined in accordance with 29 C.F.R. §2560-1(m)(8)) and (d) a statement of the Claimant’s right to bring a legal action under section 502(a) of ERISA. 
  

 - 26 - 

 ARTICLE XIII 
 AMENDMENT AND TERMINATION 
 13.1. The Board or the Committee shall have the right to modify or amend
the Plan at any time and from time to time, and the Board shall have the right to discontinue or terminate the Plan at any time and from time to time; provided, however, that no modification, amendment, discontinuance or termination may, without the
consent of a Participant, adversely affect the rights of such Participant to amounts previously credited to his Account or reduce the right of such Participant to a payment or distribution hereunder which he has already earned and to which he is
otherwise entitled. In the event of a Plan termination, amounts to which a Participant may be entitled shall be paid in accordance with the Plan’s provisions in effect immediately prior to such termination, provided that the Company may
accelerate payments to the extent permitted under Section 409A of the Code. 
 ARTICLE XIV 
 MISCELLANEOUS 
 14.1.
Non-Guarantee of Employment. Participation in the Plan does not give any Employee any right to be retained in the service of the Participating Employer. Nothing in the Plan shall interfere with or limit in any way the right of the
Company to terminate a Participant’s employment at any time. 
 14.2. Rights of Participants to Benefits. All rights of a
Participant under the Plan to amounts credited to the Participant’s Account are mere unsecured contractual rights of 

  

 - 27 - 

 
the Participant (or his or her Beneficiary) against the Employer. Each Employer shall be primarily responsible for payment of benefits hereunder to the
Participants it employs and the Beneficiaries of such Participants. In the event a Participating Employer fails to pay any amount due under this Plan for any reason, the Company shall be jointly and severally liable for the payment of such amount.

 14.3. No Assignment. No amounts credited to Accounts nor any rights or benefits under the Plan shall be subject in any way
to voluntary or involuntary alienation, sale, transfer, assignment, pledge, attachment, garnishment, execution, or encumbrance, and any attempt to accomplish the same shall be void. 
 14.4. Withholding. The Company or other Participating Employer shall have the right to deduct from any distribution made hereunder any
taxes required by law to be withheld from a Participant with respect to such payment, and, shall have the right, in accordance with Section 7.6(c), to require that a portion of a Participant’s Account distribution be paid in cash in order
to satisfy such withholding obligations. 
 14.5. Account Statements. Periodically (as determined by the Committee), each
Participant shall receive a statement indicating the amounts credited to and payable from the Participant’s Account. 
 14.6.
Gender. The masculine shall be read in the feminine, the singular in the plural, and vice versa, whenever the context shall so require. 
  

 - 28 - 

 14.7. Titles. The titles to articles and sections in this Plan are placed herein for
convenience of reference only, and the Plan is not to be construed by reference thereto. 
 14.8. Severability. In the event
any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan and the Plan shall be construed and enforced as if the illegal or invalid provision had not been
included. 
 14.9. Successors. All obligations of the Company under the Plan shall be binding upon and inure to the benefit of
any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 
 14.10. Governing Law. Except to the extent preempted by applicable federal laws, the Plan shall be construed according to the laws of the
state of Delaware, other than its conflict of laws principles. 
 14.11. Other Plans. Except as specifically provided herein,
nothing in this Plan shall be construed to affect the rights of a Participant, a Participant’s Beneficiaries, or a Participant’s estate to receive any retirement or death benefit under any tax-qualified or nonqualified pension plan,
deferred compensation agreement, insurance agreement or other retirement plan of the Employer. 
  

 - 29 - 

 To record the adoption of the Plan, Constar International Inc. has caused its authorized representative
to affix its corporate name effective as of the day and year first written above. 
  

			
	CONSTAR INTERNATIONAL INC.
		
	By:	 	 A. Alexander Taylor

	Title:	 	Chairman of Compensation Committee

  

 - 33 -Executive Minimum and Supplemental Retirement Plan

 EXHIBIT 10.1 
 AK STEEL CORPORATION 
 EXECUTIVE MINIMUM AND SUPPLEMENTAL RETIREMENT PLAN 
  

 (as amended and restated as of
October 18, 2007) 

 AK STEEL CORPORATION 
 EXECUTIVE MINIMUM AND SUPPLEMENTAL RETIREMENT PLAN 
 (as amended and restated as of
October 18, 2007) 
 ARTICLE 1: INTRODUCTION AND PURPOSE 
 AK Steel Corporation hereby amends and restates the AK Steel Corporation Executive Minimum and Supplemental Retirement Plan (“Plan”), effective as of October 18, 2007. The purpose of the Plan is to aid
the Company and its subsidiaries and affiliates in attracting and retaining key personnel. 
 The purpose of this amendment and restatement is to bring the
Plan into compliance with the requirements of Section 409A of the Code and applicable Treasury Regulations thereunder (referred to collectively as “Section 409A”) and to make certain other changes to the Plan. The terms of the Plan
shall be interpreted in such manner as to be in compliance with the requirements of Section 409A, including the grandfathering provisions thereof. With respect to Members whose Vesting Date occurred on or before December 31, 2004, such
Members’ accrued benefits under the Prior Plan as of December 31, 2004 shall be grandfathered (within the meaning of Section 409A) and remain subject to the terms and conditions of the Prior Plan. This amendment and restatement is in
no way intended to materially modify (within the meaning of the term “material modification” under Section 409A) the Prior Plan with respect to such Members’ grandfathered accrued benefits as of December 31, 2004.

 The Plan is an unfunded deferred compensation arrangement maintained by the Company for the purpose of providing supplemental retirement benefits for a
select group of management or highly compensated employees within the meaning of Section 201(2) and 301(a)(3) of the Employee Retirement Income Security Act of 1974, as amended. Any obligations under the Plan shall be the joint and several
obligations of AK Steel Holding Corporation, the Company and each of their respective subsidiaries and affiliates. 
 ARTICLE 2:
DEFINITIONS 
 As used in the Plan, the following terms, when capitalized, shall have the following meanings, except when otherwise indicated by the
context: 
 2.1 “Administrator” means the Compensation Committee of the Board, or any successor Committee duly empowered by the Board.

 2.2 “Average Monthly Earnings” means a Member’s average monthly earnings during the highest three (3) calculation years of the
last ten (10) calculation years. For this purpose, earnings includes all compensation for services rendered, including base salary and any bonus 

  

 1 

 
under the AK Steel Corporation Annual Management Incentive Plan and any substitute or successor of such plan (“MIP”), provided however, if during
any calculation year, a Member receives more than one bonus under the MIP, only such bonus of the highest amount shall be taken into account in that calculation year. Earnings shall also include any elective deferrals of base salary or any bonus
under the MIP made with respect to any calendar year under the AK Steel Corporation Thrift Plan, the AK Steel Corporation Executive Deferred Compensation Plan, or under any plan established under section 125 of the Code. Compensation attributable to
reimbursement of business or relocation expenses; Company contributions after 1991 to any Company-sponsored employee benefit plans established under sections 401(k) or 125 of the Code; any bonuses under the AK Steel Corporation Long-Term Performance
Plan and any substitute or successor of such plan; and income under any stock option, restricted stock or phantom stock plan, shall be disregarded. The term “calculation years” means fiscal years measured by the twelve
(12) consecutive calendar months ending with the last day of the month coincident with or immediately preceding the date of a Member’s Termination Date. 
 2.3 “Benefit” means the amount determined under Article 6 of the Plan, or under Article 6 of the Prior Plan where indicated by the context. 
 2.4 “Benefit Commencement Date” means the date on which a Member’s Benefit becomes payable in accordance with the provisions of Section 8.1. 
 2.5 “Board” means the Board of Directors of AK Steel Holding Corporation or any successor thereto, as the same shall be constituted from time to time.

 2.6 “Change of Control” has the same meaning under this Plan as under the Trust Agreement for the AK Steel Corporation Non-Qualified
Supplemental Retirement Plans. 
 2.7 “Chief Executive Officer” means the Chief Executive Officer of the Company. 
 2.8 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.9 “Company” means AK Steel Corporation and any successor to all or substantially all of the assets or business of AK Steel Corporation. 
 2.10 “Effective Date” means October 18, 2007. 
 2.11 “ERISA” means the Employee Retirement Income Security
Act of 1974, as amended. 
 2.12 “Grandfathered Average Monthly Earnings” means, with respect to any Member as of November 25, 2003
whose Vesting Date had not occurred prior to such date, the greater of: 
 (a) his Average Monthly Earnings as determined under
Section 2.2 with respect to all calculation years; or 
 (b) his Average Monthly Earnings under the Prior Plan determined immediately
before November 25, 2003, times the lesser of: 
  

	 	(1)	the percentage obtained by dividing his Service as of November 25, 2003 by 10; or 

  

 2 

	 	(2)	the percentage obtained by dividing his Officer Service as of November 25, 2003 by 5. 

 2.13 “Grandfathered Benefit” means, with respect to any Member whose Vesting Date occurred prior to November 25, 2003, his Benefit under the Prior Plan determined immediately before such date.

 2.14 “Key Management Member” means any key manager of the Company who was a Member as defined under the terms of the Prior Plan as in
effect immediately before November 25, 2003. 
 2.15 “Key Management Service” means a Key Management Member’s service as a key
manager of the Company as identified by the Chief Executive Officer and approved by the Administrator. 
 2.16 “Member” means any officer of
the Company who is selected by the Chief Executive Officer and who is approved by the Administrator to be a participant eligible for benefits under this Plan. The term “Member” as used in Articles 9 and 10 shall also include “Key
Management Member” as indicated by the context. 
 2.17 “NCPP” means the AK Steel Corporation Noncontributory Pension Plan as amended
(excluding the RAPP component of such plan), and any predecessor, substitute or successor Qualified DB Plan. 
 2.18 “Officer Service” means
a Member’s Service as an officer of the Company. 
 2.19 “Prior Plan” means the AK Steel Corporation Executive Minimum and Supplemental
Retirement Plan as in effect immediately prior to the Effective Date. 
 2.20 “Qualified DB Plan” means any tax-qualified defined benefit
pension plan in which a Member has an accrued benefit as of his or her Termination Date including the NCPP and the RAPP, or any other tax-qualified defined benefit pension plan sponsored by the Company or by any previous employer of any Member.

 2.21 “Qualified DC Plan” means any tax-qualified defined contribution plan offered instead of a Qualified DB Plan as determined by the
Administrator. For purposes of this definition, however, the AK Steel Corporation Thrift Plan A and any predecessor, substitute or successor thrift plan shall not be deemed to be a Qualified DC Plan. 
 2.22 “Qualified Plan” means any Qualified DB Plan and any Qualified DC Plan. 
  

 3 

 2.23 “RAPP” means the AK Steel Corporation Retirement Accumulation Pension Plan, a component plan of the
NCPP. 
 2.24 “Service” means years of employment with the Company, including years of employment with Armco Steel Company, L.P. or Armco
Inc. and including years of employment with any other predecessor organization approved by the Administrator. 
 2.25 “Spouse” means the
person to whom a Member is married at the time payment of the Member’s Benefit is to commence under the Plan. 
 2.26 “Termination
Date” means the date on which a Member completely separates from service with the Company for any reason, including death. 
 2.27
“Trust” means the trust established pursuant to the Trust Agreement for the AK Steel Corporation Non-Qualified Supplemental Retirement Plans dated February 21, 1997, as amended, and any successor or replacement trust for such
trust. 
 2.28 “Unlimited NCPP Benefit” means for any Member who, as of his Termination Date, is entitled to a vested accrued benefit under
the NCPP, the Member’s vested accrued benefit under the NCPP, determined without regard to the limitations under sections 401(a)(17) and 415 of the Code (or any substitute or similar provision limiting benefits permitted under the NCPP) and
based upon his earnings used for purposes of determining Average Monthly Earnings under Section 2.2. 
 2.29 “Vesting Date” means the
date on which a Member first becomes entitled to a nonforfeitable right to all or any portion of his Benefit in accordance with the provisions of Article 7. The term “Vesting Date” with respect to a Key Management Member has the same
meaning under this Plan as under the Prior Plan. 
 ARTICLE 3: ADMINISTRATION OF THE PLAN 
 This Plan shall be administered by the Administrator or its delegate as the Administrator may designate from time to time. Except as otherwise provided herein, it is
intended that the Administrator (or such delegate) shall have full discretion to interpret the Plan’s terms and to resolve claims which may arise under the Plan. 
 ARTICLE 4: SOURCE OF BENEFITS 
  

	4.1	Source of Benefits 

 The Company may pay benefits
due under the terms of this Plan directly from its assets or from assets held in the Trust. All assets held by the Trust shall at all times be assets of the Company. The benefits payable under this Plan shall be unfunded for all purposes of the Code
and ERISA. 
  

 4 

	4.2	Assets of the Company 

 Nothing contained in this
Plan shall give or be deemed to give any Member or any other person any interest in any property of the Trust or of the Company or any right except to receive such payments as are expressly provided hereunder. 
  

	4.3	Liability of Officers and Directors 

 No current or
former employee, officer or director of AK Steel Holding Corporation or the Company shall be personally liable to any Member or other person under any provision of this Plan. 
  

	4.4	Funding upon Change of Control 

 In the event of a
Change of Control, the Company shall fully fund all benefits then accrued under this Plan by transferring sufficient assets to the trustee of the Trust in cash or in kind, provided, however, that such transfer shall not be made during any
“Restricted Period” as defined in Section 409A(b)(3) of the Code or if prohibited by applicable law. Such funding obligation may be secured by an irrevocable letter of credit issued to the trustee of the Trust by such bank or other
lending institution as approved by the Administrator. 
 ARTICLE 5: ELIGIBILITY AND PARTICIPATION 
  

	5.1	Participation 

 Except to the extent that Key
Management Members may be entitled to a Benefit under this Plan due to their participation in the Prior Plan as in effect immediately before November 25, 2003, participation in this Plan shall be limited to officers of the Company who have been
selected by the Chairman and approved from time to time by the Administrator. Participation shall commence at such time as the Administrator determines after the selected officer enters into any agreements with the Company as the Administrator may
require as a condition to participation in this Plan, and provides to the Administrator any documents or other information required by the Administrator, including but not limited to information relating to the officer’s participation in any
Qualified Plan. 
  

	5.2	Removal 

 The Board may remove any Member or Key
Management Member from participation in this Plan. With respect to any removed Member or Key Management Member who has 

  

 5 

 
attained his Vesting Date, such removal shall not directly or indirectly deprive such Member or Key Management Member of all or any portion of his Benefit or
any right to receive his Benefit under the terms of the Plan as in effect immediately before such removal. 
  

	5.3	Notification 

 The Company shall notify in writing
those employees selected as Members pursuant to Section 5.1 of their Member status and shall notify in writing any Member or Key Management Member removed from membership pursuant to Section 5.2. 
 ARTICLE 6: BENEFITS 
  

	6.1	Benefit Defined 

  

	 	(a)	A Member’s accrued benefit under this Plan is the Member’s Regular Benefit as defined in Section 6.2, reduced as provided in Section 6.4. Except as otherwise
provided under the Plan, no Benefit shall be payable under this Plan if a Member’s employment with the Company terminates for any reason prior to his Vesting Date. 

  

	 	(b)	With respect to a Key Management Member who attained his Vesting Date under the Prior Plan before November 25, 2003, his accrued benefit under this Plan shall be his Benefit
under the terms of the Prior Plan (after offset for other pensions as provided therein) determined immediately before November 25, 2003. With respect to a Key Management Member who had not attained his Vesting Date under the Prior Plan before
November 25, 2003, his accrued benefit under this Plan shall be his Regular Benefit under the terms of the Prior Plan (after offset for other pensions as provided therein) determined immediately before November 25, 2003, times the lesser
of: 

  

	 	(1)	the percentage obtained by dividing his Service as of November 25, 2003 by 10; or 

  

	 	(2)	the percentage obtained by dividing his Key Management Service as of November 25, 2003 by 5. 

 The Benefit of any Key Management Member as determined above shall not increase after November 25, 2003, and shall not be payable under this Plan if
such Key Management Member’s employment with the Company terminates for any reason prior to his Vesting Date. 
  

 6 

	6.2	Regular Benefit 

  

	 	(a)	Except as provided in (b) and (c) below, a Member’s Regular Benefit is a monthly payment for the Member’s lifetime, commencing on the first day of the month
coinciding with or next following the later of the Member’s 60th birthday or the Member’s Termination Date and payable in the form provided in Section 8.1, which is in an amount equal to the greater of: 

  

	 	(1)	in the case of a Member hired by the Company prior to January 1, 1992, his Unlimited NCPP Benefit; or 

  

	 	(2)	except as otherwise provided in any other agreement between the Company and a Member and approved by the Administrator, 50% of the greater of the Member’s Average Monthly
Earnings or his Grandfathered Average Monthly Earnings. 

  

	 	(b)	With respect to any Member whose Vesting Date occurred prior to November 25, 2003, his Regular Benefit shall be the greater of his Grandfathered Benefit or the amount
determined in (a) above. 

  

	 	(c)	With respect to any Member who has not attained age 60 as of his Termination Date and whose Termination Date occurs on or after the effective date of a Change of Control, such
Member’s Regular Benefit shall be determined under (a) above as though the Member had attained age 60 immediately before his Termination Date and shall not be reduced for early commencement as otherwise provided in Section 6.3.

  

	6.3	Early Retirement Benefit 

 A Member whose employment
with the Company terminates after he has attained his Vesting Date but before he has attained age 60 shall be entitled to an Early Retirement Benefit equal to his Regular Benefit provided in Section 6.2 reduced to its actuarial equivalent based
on his age as of his Benefit Commencement Date using the actuarial assumptions specified in Exhibit A – Schedule A-2 of the NCPP. 
  

	6.4	Offset for Other Pensions 

 A Member’s Benefit
shall be reduced as of the Member’s Benefit Commencement Date by: (a) any accrued benefit under any employer-provided Qualified DB Plan, actuarially adjusted under the terms of the Qualified DB Plan as if the benefit under the Qualified DB
Plan commenced at the same time as the Member’s Benefit; and (b) the actuarial equivalent, determined under the assumptions set forth in Section 8.2 of this Plan, of any employer-provided vested benefits accumulated under any
Qualified DC Plan. 
  

 7 

	6.5	Non-Duplication 

 A Member shall not be eligible for
benefits under any other non-qualified supplemental retirement benefit plan maintained by the Company for the purpose of providing benefits not permitted to be paid under any Qualified DB Plan. Nothing herein shall prohibit participation by any
Member in the AK Steel Corporation Executive Deferred Compensation Plan or the AK Steel Corporation Supplemental Thrift Plan. 
 ARTICLE
7: VESTING 
  

	7.1	Vesting Schedule 

  

	 	(a)	Except as otherwise provided in this Article 7, a Member who has completed at least five (5) years of Officer Service while a Member shall have a nonforfeitable right to a
percentage of his Benefit based on his total Years of Service pursuant to the following schedule: 

  

			
	 Years of Service
	  	 Nonforfeitable Percentage

	 Less than 5
	  	0%
	 5
	  	50%
	 6
	  	60%
	 7
	  	70%
	 8
	  	80%
	 9
	  	90%
	 10
	  	100%

  

	 	(b)	With respect to any Key Management Member who becomes a Member in accordance with Section 5.1, his Officer Service shall be considered Key Management Service in determining his
Vesting Date as a Key Management Member under the Prior Plan. 

  

	7.2	Disability 

 A Member who becomes “Permanently
Disabled” while employed by the Company shall have a nonforfeitable right to 100% of his Benefit as of the date on which he is determined to be Permanently Disabled, provided he has completed at least five (5) years of Service as of such
date. The term “Permanently Disabled” shall have the same meaning under this Plan as under the NCPP or the RAPP, as applicable. 
  

 8 

	7.3	Death 

 The designated beneficiary of a Member who
dies while employed by the Company shall have a nonforfeitable right to 100% of his Benefit as of his date of death, provided he has completed at least five (5) years of Service as of such date. 
  

	7.4	Change of Control 

 A Member shall have a
nonforfeitable right to 100% of his Benefit as of the effective date of any Change of Control which occurs while he is employed by the Company. 
 ARTICLE 8: PAYMENT 
  

	8.1	Payment of Benefits 

  

	 	(a)	Except as otherwise provided in (b) below and in Sections 8.3 and 10.4, a Member’s vested Benefit shall be paid to the Member, or in the case of a Member’s death, to
his designated beneficiary, in a single lump sum payment determined in accordance with Section 8.2, as soon as administratively feasible after his Termination Date, but no later than 30 days after such date. 

  

	 	 (b)
	 With respect to a Member who has achieved his Vesting Date and whose Termination Date occurs before he attains age 55,
his vested Benefit shall be paid to the Member, or in the event of his death prior to such payment, to his designated beneficiary, as soon as administratively feasible after his 55th birthday (or his date of death, if sooner), but no later than 30 days after such date. 

  

	 	(c)	A Key Management Member’s Benefit shall be paid in accordance with the terms of the Prior Plan. 

  

	 	(d)	Any designation of beneficiary shall be made by the Member on an election form filed with the Administrator and may be changed by the Member at any time by filing another election
form containing the revised instructions. If no beneficiary is designated or no designated beneficiary survives the Member, payment shall be made to his estate. 

  

	8.2	Lump-Sum Valuation 

  

	 	(a)	The lump-sum present value of a Member’s Benefit shall be the actuarial equivalent of his Benefit payable as a single life annuity as set forth in Section 6.2 or 6.3, as
applicable. 

  

	 	(b)	 Subject to the provisions of (c) below, the lump-sum present value of a Member’s Benefit shall be determined by the enrolled actuary for the NCPP based
upon 

  

 9 

	 	 
assumptions approved by the Administrator in its sole discretion. The assumptions may be changed at any time, and from time to time, but any change shall be
valid only with respect to Termination Dates occurring twelve or more months after the change is approved. 

  

	 	(c)	Unless otherwise directed by the Administrator, the lump sum present value of a Member’s Benefit shall be calculated as of his Benefit Commencement Date based upon :
(i) the 60-month average of the Pension Benefit Guaranty Corporation immediate annuity interest rate in effect during each of the 60 months preceding the month in which the Benefit Commencement Date occurs, (ii) the age of the Member,
(iii) the 1984 Unisex Pension Table (UP84) and (iv) the equivalent of the amount otherwise payable as a lifetime annuity on the Member’s Benefit Commencement Date. In the case of a payment to the designated beneficiary of a deceased
Member who had not attained age 55 at the time of his death, the lump sum present value shall be based on the Member’s age as of the Benefit Commencement Date of the actuarially reduced benefit that would have been payable to the Member at age
55. The lump sum present value of any Grandfathered Benefit shall be determined under the applicable provisions of the Prior Plan as in effect immediately prior to November 25, 2003. 

  

	8.3	Six-Month Waiting Period 

 Notwithstanding any
provision of the Plan to the contrary, with respect to any Member or Key Management Member who on his Termination Date is deemed to be a “specified employee” within the meaning of Section 409A, his Benefit shall not be paid prior to
the earlier of: (i) the expiration of the six-month period measured from the date of his “separation from service” (as defined in Section 409A) with the Company, or (ii) his death. Such Member or Key Management Member whose
Benefit payment is so delayed shall be entitled to interest on the delayed payment for such six-month period (or shorter period as the case may be), accrued at the average prime rate in effect during such period of delay, which shall be added to his
Benefit payable under the Plan. The average prime rate of interest for this purpose shall be the average over such period of the daily prime rate of interest published by the Fifth Third Bank, Cincinnati, Ohio or its successors. 
 ARTICLE 9: INTERPRETATION, AMENDMENT AND TERMINATION 
  

	9.1	Interpretation of the Plan 

 This document contains
the terms of the Plan. However, the Administrator shall have, and the Board expressly reserves to itself and its designate, the broadest possible power to exercise its discretion to interpret the terms of this Plan and to resolve any question
regarding any person’s rights under the Plan. Any such interpretation shall be final and binding upon a Member, the Member’s spouse and heirs and subject to review only in accordance with Section 9.2. 
  

 10 

	9.2	Claims Procedure 

 Any Member or other person
questioning the rights of any person under the Plan shall submit such question in writing to the Administrator, or its designate, for resolution. No person shall have any claim or cause of action for any benefit under this Plan until the
Administrator, or its designate, has responded to such written claim, which response shall not be unreasonably delayed. Except as to disputes described in Sections 10.2 and 10.4, it is the intent of the Company, and each Member agrees as a condition
of membership, that any judicial review of any decision hereunder shall be limited to a determination of whether the Administrator, or its designate, acted arbitrarily or capriciously, and that any decision of the Administrator, or its designate
shall be enforced unless the action taken is found by a court of competent jurisdiction to have been arbitrary or capricious. Disputes described in Sections 10.2 and 10.4 may be resolved by binding arbitration, if mutually agreed by the Member
and the Administrator, or by litigation; and in either case such action may proceed without the necessity of exhausting any other remedies that may be available under this Plan. 
  

	9.3	Amendment or Termination of the Plan 

 The Board
may, at any time, with or without notice to any person, amend or terminate this Plan. With respect to any Member who has attained his Vesting Date, and subject to Section 10.4, no such amendment or termination shall directly or indirectly
deprive such Member of all or any portion of his vested Benefit or any right to receive his vested Benefit under the terms of the Plan as in effect immediately before such amendment or termination. 
  

	9.4	No Cause of Action 

 No Member shall have any right,
claim or cause of action against any person or entity to appeal the denial of a benefit by the Administrator except as provided in Sections 9.1 and 9.2. In addition, no Member, and no person claiming by, through or on behalf of a Member, shall
have any claim to or cause of action for any benefit under this Plan which might have been earned but for the amendment or termination of the Plan, or the termination of the Member’s employment or the removal of the Member from participation
under this Plan. 
 ARTICLE 10: MISCELLANEOUS 
  

	10.1	Unsecured General Creditor 

 Any and all rights
created under this Plan shall be unfunded and unsecured contractual rights of the Members against the Company. The Company’s obligation under this Plan shall be a mere promise by the Company to make the benefit payments described herein.

  

 11 

 
Members shall have no legal or equitable right, interest or other claim in any property or assets of the Company by reason of the establishment of this Plan.

  

	10.2	Obligations to the Company 

 If a Member becomes
entitled to a distribution of benefits under this Plan, and if at such time the Member has any outstanding debt, obligation or other liability representing an amount certain owed to the Company, then the Company may offset such amount against the
amount of benefits otherwise distributable under the Plan. Such determination shall be made by the Administrator. 
  

	10.3	Assignability 

 No Member shall have any right to
anticipate, alienate, assign, sell, transfer, pledge, encumber, attach, mortgage or otherwise hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder. No part of the amounts payable hereunder shall, prior to actual
payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance, nor shall any person have any other claim to any benefit payable under this Plan as a result of a divorce or the Member’s,
or any other person’s bankruptcy or insolvency. 
  

	10.4	Forfeiture 

 Notwithstanding any provision in the
Plan to the contrary, any Member terminated for Cause shall forfeit all rights under this Plan. “Cause” means a willful engaging in gross misconduct demonstrably injurious to the Company. “Willful” means an act or omission in bad
faith and without reasonable belief that such act or omission was in the best interests of the Company. Any such determination shall be made by the Board. Each Member shall be entitled to a statement of the facts alleged as a basis for the
Board’s determination that a Member has been terminated for Cause and shall be permitted an opportunity to present, in person, for the Board’s consideration, in such manner as the Board shall direct, any facts or arguments on the
Member’s behalf as the Member or his representative may determine. 
  

	10.5	Sale of Business 

 The sale as a going business of
(i) the Company or (ii) substantially all of the assets of the Company shall not be a termination of Service for the purpose of establishing a Member’s right to receive benefits under this Plan. 
  

	10.6	Employment Not Guaranteed 

 The establishment of
this Plan, a Member’s appointment as a Member of the Plan, any provision of this Plan, or any action taken hereunder, shall not be or be construed as a contract of employment for any definite term. The Company may take any action related to a
Member’s employment without regard to the effect such action has or may have on a Member’s rights hereunder. 
  

 12 

	10.7	Construction 

 The captions to the articles,
sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions. Words in the masculine gender include the feminine, and the singular includes the plural, and vice
versa, unless qualified by the context. 
  

	10.8	Validity 

 In the event any provision of this Plan
is found by a court of competent jurisdiction to be invalid, void or unenforceable, such provision shall be stricken and the remaining provisions shall continue in full force and effect. 
  

	10.9	Applicable Law 

 This Plan is subject to
interpretation under federal law and, to the extent applicable, the law of the State of Ohio. 
  

			
	AK STEEL HOLDING CORPORATION
	AK STEEL CORPORATION
		
	By:	 	 /s/ David C. Horn

		 	David C. Horn,
		 	Senior Vice President, General Counsel and Secretary

 Adopted December 12, 1989 
 Amended and Restated January 1, 1994 
 Amended and Restated January 1, 1995 
 Amended and Restated January 1, 1996 
 Amended July 17, 1997

 Amended September 18, 1997 
 Amended and Restated
January 20, 2000 
 Amended and Restated November 25, 2003 (as corrected and superseded on March 4, 2004 retroactive to November 25, 2003)

 Amended July 15, 2004 
 Amended and Restated
October 18, 2007 
  

 13

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