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EXHIBIT 10(iii)(d)
COMMERCIAL METALS COMPANY KEY EMPLOYEE
LONG-TERM PERFORMANCE PLAN
PURPOSE
The objectives for the Long-Term Performance Plan are to:
o Link compensation to the long-term financial
success and performance of the
Company, focusing on factors which help
drive shareholder value creation;
o Provide a greater long-term orientation and
competitiveness to total
compensation for executives, by
establishing a performance-based component
in addition to the existing stock-option
plan;
o By focusing on long-term performance and
success, provide a balance to the
short-term focus of the Annual Incentive
Plan in the decision-making
process of management;
o Encourage senior management to promote the
interests of the Company as a
whole by linking compensation to
longer-term, company-wide results;
o Enable the Company to meet competitive total
compensation needs in
attracting and retaining superior
executive talent; and
o Fund payouts from the plan through improved
business results.
STRUCTURE
The Long-Term Performance Plan is a cash plan, with awards that are
contingent
on the attainment of multi-year performance goals. At the beginning
of the
performance period, goals are established which are designed to
measure the
degree of business success over the timeframe. The compensation
committee
reviews and approves goals that are recommended by management. At
the end of the
period, performance against the goals is assessed and payouts are
determined.
Business results for the Company will be measured over a three-year
period.
Grants for the plan will be made an
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