First Amendment to AK Steel Corporation Annual Management Incentive Plan (2003 Restatement)

Summary

This amendment, effective October 18, 2007, modifies the AK Steel Corporation Annual Management Incentive Plan to ensure compliance with Section 409A of the Internal Revenue Code. It changes the timing for payment of performance awards, specifying that payments must be made no later than March 15 following the end of each performance period. The amendment is executed by AK Steel Holding Corporation and AK Steel Corporation.

EX-10.7A 2 dex107a.htm FIRST AMENDMENT TO THE ANNUAL MANAGEMENT INCENTIVE PLAN First Amendment to the Annual Management Incentive Plan

EXHIBIT 10.7(a)

FIRST AMENDMENT

TO THE

AK STEEL CORPORATION

ANNUAL MANAGEMENT INCENTIVE PLAN

(as amended and restated as of January 16, 2003)

Pursuant to the power of amendment reserved to the Board of Directors of AK Steel Corporation in Section 14 of the AK Steel Corporation Annual Management Incentive Plan (as amended and restated as of January 16, 2003) (the “Plan”), and with the intent to ensure that the Plan complies with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder, effective as of October 18, 2007 the Plan is hereby amended as follows:

The first sentence in Section 5 is changed in its entirety to read as follows:

“The Performance Award Payment Date is the date on which any Performance Awards are paid to Plan Members, which date shall not be later than March 15 immediately following the last day of each Performance Period.”

IN WITNESS WHEREOF, AK Steel Corporation has caused this First Amendment to the Plan to be executed this 22^nd day of October, 2007.


AK STEEL HOLDING CORPORATION
AK STEEL CORPORATION

By:		/s/ David C. Horn
		David C. Horn, Senior Vice President,
		General Counsel and Secretary