RESTRICTED STOCK AWARD
AGREEMENT
A.M. CASTLE & CO.
2008 RESTRICTED STOCK, STOCK OPTION
AND EQUITY COMPENSATION PLAN
NUMBER OF
SHARES OF RESTICTED STOCK:
This is an award
agreement (the “Award Agreement”) between A.M. Castle
& Co., a Maryland corporation (the “Corporation”)
and the individual named above (the “Grantee”). The
Corporation hereby grants to the Grantee an aggregate of the
above-stated number of shares of Common Stock of the Corporation on
the terms and conditions contained herein and in the
Corporation’s 2008 Restricted Stock, Stock Option and Equity
Compensation Plan approved by the shareholders April 24, 2008,
as may be amended from time to time (the “Plan”).
Capitalized terms used but not otherwise defined herein shall have
the meaning ascribed to them in the Plan.
1.
Vesting of Restricted Stock. Subject to the terms and
conditions of this Award Agreement and the Plan, the Restricted
Stock shall vest as follows:
NUMBER OF
SHARES:
VESTED ON OR AFTER:
NUMBER OF SHARES:
VESTED
ON OR AFTER:
NUMBER OF SHARES:
VESTED
ON OR AFTER:
2. Stock
Certificates. Certificates for the Restricted Stock shall be
issued by the Corporation in the name of the Grantee and delivered
to the Grantee at the time of grant. The certificates shall bear
the following legend evidencing its restrictive nature as
follows:
THE
TRANSFERABILITY OF THIS CERTIFICATE AND THE SHARES OF STOCK
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS
(INCLUDING FORFEITURE) CONTAINED IN THE A. M. CASTLE & CO.
2008 RESTRICTED STOCK AND STOCK OPTION PLAN AND AN AGREEMENT
ENTERED INTO BETWEEN THE REGISTERED OWNER AND A. M.
CASTLE & CO. A COPY OF SUCH PLAN AND AGREEMENT IS ON FILE
IN THE OFFICE OF THE SECRETARY OF A. M. CASTLE & CO.,
3400 N. WOLF ROAD, FRANKLIN PARK, ILLINOIS
60131.
3. Effect
of Termination of Employment. If the Grantee’s employment
with the Corporation and all Related Companies terminates for any
reason, then any Restricted Stock not vested as of such date will
be forfeited to the Corporation.
4. Tax
Withholding Obligations. The Grantee shall be required to
deposit with the Corporation either (i) an amount of cash
equal to the amount determined by the Corporation to be required
with respect to any withholding taxes, FICA contributions, or the
like under any federal, state or local statute,
ordinance,