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Departure of Directors or Certain


On November 2, 2015, the Compensation & Organization Committee (the Committee) of the Board of Directors (the Board) of United States Steel Corporation (the Corporation), approved and adopted the United States Steel Corporation Change in Control Severance Plan (the CIC Plan), to be effective January 1, 2016.

Previously, the Corporation had entered into individual evergreen change in control agreements with each of its named executive officers and certain other executives. As part of the Committees ongoing review of executive compensation trends, it decided to replace the individual agreements with a single change in control plan and issued notices that the individual agreements would not be renewed.

The CIC Plan generally provides for the payment of severance benefits to cer tain eligible executives, including each of the Corporations named executive officers, in the event their employment with the Corporation terminates without cause or voluntarily for good reason following a change in control of the Corporation. In general, upon a change in control and termination of employment, each of our named executive officers are entitled to a payment equivalent to 2.5x his or her salary and bonus for Messrs. Longhi and Burritt and Ms. Folsom, and 2x for Mr. Matthews. Each of these multiples are unchanged and are consistent with the severance payment multiples under each named executive officers prior change in control agreement.

The CIC Plan...