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| X > SEC Filings for X > Form 8-K on 20-Nov-2008 | All Recent SEC Filings |
20-Nov-2008
Change in Directors or Principal Officers, Financial Statements and Exhi
On November 17, 2008, United States Steel Corporation amended the Long-Term Incentive Compensation Program (the "LTI Program") Administrative Regulations to its 2005 Stock Incentive Plan. The amendment provides that, in the case of a participant's death or disability, all unvested stock options, restricted stock and restricted stock unit awards will vest immediately. Previously, the Administrative Regulations provided that a prorated number of unvested awards would vest depending upon the number of months worked during the current vesting period. The revision will be applied to all outstanding and prospective stock options, restricted stock and restricted stock unit awards under the LTI Program.
Also, the method for prorating unvested performance awards was modified in the case of a death or disability. Additionally, the definition of retirement under the LTI Program was amended to conform to the retirement definition under the participant's applicable retirement plan/program for his or her home country.
A copy of the administrative regulations is filed herewith as Exhibit 10.1.
(d) Exhibits
10.1 Administrative Regulations for the Long-Term Incentive Compensation Program under the United States Steel Corporation 2005 Stock Incentive Plan, as such regulations were amended November 17, 2008
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