Common use of Investment Commitment Clause in Contracts

Investment Commitment. It’s obvious that our long term security is better protected when our plants are well maintained and modern and this contract sets a new higher world class standard for the level at which our plants are to be maintained. The Company has committed to a significant capital expenditure program to maintain and improve our plants over the course of the proposed Agreement. The Company has also committed to acquire and maintain long term stable supplies of coke and iron ore from sources in the United States and Canada. The effort to remain self-sufficient is key to maintaining a strong steel industry in North America and protecting our jobs. The Article on Joint Efforts has been improved in a number of important ways. The Company will now provide joint training off-site joint training to facilitate and enhance our cooperative efforts, including conflict resolution training and communication training. The Company will pay presidents and griev- ance chairs for partnership meetings. We have increased funding for our Public Policy Fund, through which we drive our Stand up for Steel and Alliance for American Manufacturing issues and continue our unfair trade battles, from 10¢ per ton shipped to 12¢. Tons shipped have been expanded to include tons shipped from the Lone Star and Star Tubular plants. Climate change may be the greatest long-term challenge facing the steel industry and all energy-inten- sive industries. The Union has been calling for action on climate change for almost twenty years – both to reduce the emissions of greenhouse gases that threaten uncontrolled global warming, and to do so in a way that protects union jobs in our basic industries. The Agreement commits the USW and US Steel to work together on this critical problem through the creation of a joint Energy Efficiency and Carbon Emissions Task Force at ▇▇▇▇, Great Lakes, Granite City, Minnesota Ore, the Mon Valley and Fairfield. The Task Force will work to identify ways to con- serve energy and reduce greenhouse gases, and will participate in policy and legislative initiatives. The Company will install convection microwave ovens at locations where cooking equipment was removed by mutual agreement of the parties.