Edgar Filing: RYERSON TULL INC /DE/ - Form DEF 14A
ANNUAL INCENTIVE PLAN
(As amended and restated as of January 22, 2003)
The purpose of the Ryerson Tull, Inc. Annual Incentive Plan (the Plan ) is to promote the interests of Ryerson Tull, Inc. (the
Company ) and its stockholders by (i) attracting and retaining salaried employees of outstanding ability; (ii) strengthening the Company s capability to develop, maintain and direct a competent employee population; (iii) motivating salaried employees, by means of performance-related incentives, to achieve financial rewards; (iv) providing annual incentive compensation opportunities which are competitive with those of other major corporations; and (v) enabling salaried employees to participate in the growth and financial success of the Company. The provisions of the Plan as set forth herein constitute an amendment and restatement of the Plan as in effect immediately prior to January 22, 2003, the Effective Date hereof.
Affiliate means any corporation or other entity which is not a Subsidiary but as to which the Company possesses a direct or indirect ownership interest and has power to exercise management control.
Award means an amount for an Award Period determined to be payable to a Participant under the Plan.
Award Period means such calendar quarters or calendar years as the Committee may establish from time to time with respect to any applicable salary grade designation, to any Corporate Unit or to a combination of these factors.
Award Schedule means the schedule to be used for determining Awards as established by the Committee and set forth in the Addendum to the Plan applicable to the Corporate Unit covered thereby.
Code means the Internal Revenue Code of 1986, as amended.
Committee means the Compensation Committee of the Board of Directors of the Company.
Corporate Unit means the Company, Ryerson Tull West, Ryerson Tull North, Ryerson Tull South, Ryerson Tull Coil Processing, Inland Industries de Mexico, S.A. de C.V., Ryerson Tull Canada, Customer Solutions Team, and any Affiliate, other Subsidiary or any