Amendment No. 1 to the Amended and Restated Union Electric Steel Corporation Retirement Restoration Plan for Robert G. Carothers
This amendment, effective July 1, 2015, modifies the Union Electric Steel Corporation Retirement Restoration Plan for Robert G. Carothers. It ensures that Mr. Carothers will continue to accrue retirement benefits under the Restoration Plan, even though benefit accruals have stopped under the main UESC Plan. The amendment clarifies that calculations for his benefits will proceed as if accruals under the main plan had not ceased. The amendment was adopted by the Board of Directors and signed by company representatives.
Exhibit 10(a)
AMENDMENT NO. 1
TO THE
AMENDED AND RESTATED
UNION ELECTRIC STEEL CORPORATION RETIREMENT RESTORATION PLAN
FOR
ROBERT G. CAROTHERS
The Board of Directors of Union Electric Steel Corporation desires to amend the Amended and Restated Union Electric Steel Corporation Retirement Restoration Plan For Robert G. Carothers (the “Plan”) in accordance with their reserved right to do so in Section VI of the Plan.
NOW, THEREFORE, the Plan is hereby amended as follows:
| 1. | A new Subsection 4 is added to Section 1.B. |
| 4. | It is intended that Employee will continue to accrue benefits under the Restoration Plan notwithstanding the cessation of benefit accruals under the UESC Plan, effective as of July 1, 2015. |
| 2. | A new sentence is added at the end of Section II.A. |
Notwithstanding the cessation of benefit accruals under the UESC Plan, (a) will be calculated as if Employee continued to Accrue Benefits under the UESC Plan.
IN WITNESS WHEREOF, the Board of Directors has adopted this Amendment No. 1, effective as of July 1, 2015.
| /s/ John Stanik | ||
| John Stanik | ||
| /s/ Rose Hoover | ||
| Rose Hoover | ||
