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AK Steel Holding (AKS)
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AKS » Topics » 110% (i.e. interpolating, each .5 points above the 7.5% CAGR is equal to an increase of 10 percentage points in the CAGR payout, up to the maximum of 150% payout at a CAGR of 10%) X 50% of Target

This excerpt taken from the AKS 10-K filed Mar 8, 2005.

110% (i.e. interpolating, each .5 points above the 7.5% CAGR is equal to an increase of 10 percentage points in the CAGR payout, up to the maximum of 150% payout at a CAGR of 10%) X 50% of Target

 

4. No rights under this Award or Performance Shares subject to this Award may be sold, transferred, assigned, pledged, encumbered or otherwise alienated or hypothecated unless and until they have been earned and received in accordance with this Award Agreement.

 

5. Stock certificates evidencing Performance Shares earned under the Plan shall be issued in the sole name of Recipient.

 

6. The obligations of AKS to issue or transfer shares awarded under the Plan shall be subject to compliance with all applicable government rules, regulations and administrative actions and the effectiveness of a registration statement under the Securities Act of 1933.

 

AK Steel Holding Corporation

By:    
    James L. Wainscott
    President and Chief Executive Officer
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