EXHIBIT 10.9
[GRAPHIC]
Blanket Accident Insurance | ||
Declarations | ||
Chubb Group of Insurance Companies 15 Mountain View Road Warren, NJ 07059 | ||
Policyholder’s Name and Mailing Address | ||
Policy Number 6404-48-82 | ||
RYERSON TULL, INC. 2621 WEST 15TH PLACE CHICAGO, IL 60608 | Effective Date JANUARY 1, 2004 | |
ProducerNo 0030794 | Issued by the stock insurance company indicated below. FEDERAL INSURANCE COMPANY Incorporated under the laws of INDIANA | |
Producer AON CONSULTING, INC 200 E RANDOLPH ST 13TH F CHICAGO, IL 60601-0000 | ||
Section I - Policy Period
From: JANUARY 1, 2004 To: JANUARY 1, 2005
12:01 A.M. standard time at thePolicyholder’s mailing address shown above.
Section II - Persons Insured
The following are the Persons Insured under this policy:
| Class | Description | |
| 1 | ALL NON-EMPLOYEE DIRECTORS AND OFFICERS (ON FILE WITH THE HOLDER) OF THE POLICYHOLDER. | |
If anInsured Personis included in more than oneClass,theInsured Personwill be covered for only theBenefit Amountapplicable to oneClass.TheInsured Personwill be considered a member of the applicableClassthat provides theInsured Personthe largestBenefit Amountfor the particularAccidentandLossthat has occurred.
AnInsured Personis added for coverage as aClassmember at any time during the policy period that theInsured Personfits theClassdescription. AnInsured Personwill be deleted from aClassand coverage ends at any time theInsured Person no longer fits theClassdescription. All premium adjustments will be made according to the terms of this policy.
Section III - Hazards
The following are theHazardsduring which coverage applies:
Hazards | Form Number | |
| BUSINESS TRAVEL | 44-02-0897 (01/95) |
| continued | ||
| Form 44-02-0893(Ed. 1-95) Declarations | Page 01 |
(continued)
Section IV - Benefits
BENEFIT AMOUNTS
Accidental Loss of Life and Scheduled Benefits
The following areLoss of Life Benefit Amountsfor eachClassand correspondingHazards:
Class | Benefit Amounts | ||
| BUSINESS TRAVEL | |||
1 | $ | 500,000 | |
¨ Multiple of salary applies, refer to the Supplemental Benefit Amounts Declarations.
The following areLossescovered and the corresponding ScheduledBenefit Amounts.
Accidental Loss of | Percent of Loss of Life Benefit Amount | |
Life | 100% | |
Speech and Hearing | 100% | |
Speech and one of: Hand, Foot or Sight of One Eye | 100% | |
Hearing and one of: Hand, Foot or Sight of One Eye | 100% | |
Both Hands, Both Feet or Sight of Both Eyes or a Combination of a Hand, a Foot or Sight of One Eye | 100% | |
One Hand or One Foot or Sight of One Eye | 50% | |
Speech or Hearing | 50% | |
Thumb and Index Finger of the same Hand | 25% |
PERMANENT TOTAL DISABILITY MONTHLY BENEFIT
The following arePermanent Total Disability Benefit Amounts for eachClass. The sameHazards apply as stated above forAccidental Loss of Life.
Class | Benefit Amount | Elimination Period | |||
1 | $ | 500,000 | 12 MONTHS | ||
If anInsured Personhas multipleLossesas the result of oneAccident,we will pay only the single largestBenefit Amountapplicable to theLossessuffered.
SEAT BELT
10 percent of theAccidental Loss of Life Benefit Amount.
| continued | ||
| Form 44-02-0893(Ed. 1-95) Declarations | Page 02 |
[GRAPHIC]
Blanket Accident Insurance
Declarations
Effective DateJANUARY 01, 2004
Policy Number6404-48-82
(continued)
Section V - Maximum Limit Of Insurance
The following are the maximum amounts we will pay:
Limit of Insurance
$5,000,000 per ACCIDENT
If more than one (1)Insured Personsuffers a Loss in the sameAccident,we will not pay more than the maximum Limit of Insurance shown above. If anAccidentresults inBenefit Amountsbecoming payable, which when totalled, exceed the applicable Limit of Insurance shown above, the maximum Limit of Insurance will be divided proportionally among theInsured Persons,based on each applicableBenefit Amount.
Coverage only applies for theClasses, Hazards, Benefit AmountsandLossesthat are specifically indicated as covered.
| last page | ||
| Form 44-02-0893(Ed. 1-95) Declarations | Page 03 |
[GRAPHIC]
Blanket Accident Insurance
| Insuring Agreement | ||
Chubb Group of Insurance Companies 15 Mountain View Road Warren, NJ 07059 | ||
Policyholder’s Name and Mailing Address | ||
Policy Number 6404-48-82 | ||
RYERSON TULL, INC. 2621 WEST 15TH PLACE CHICAGO, IL 60608 | Effective Date JANUARY 1, 2004 | |
Issued by the stock insurance company | ||
FEDERAL INSURANCE COMPANY | ||
ProducerNo. 0030794 | Incorporated under the laws of INDIANA | |
Producer AON CONSULTING, INC 200 E RANDOLPH ST 13TH F CHICAGO, IL 60601-0000 | ||
Company and Policy Period
Insurance is issued by theCompanyin consideration of payment of the required premium.
This policy begins and ends at 12:01 AM Standard Time at thePolicyholder’s address on the dates shown below:
From: JANUARY 1, 2004 To: JANUARY 1, 2005
ThePolicyholder’s acceptance of this policy terminates, any prior policy of the same number issued to thePolicyholder by theCompany,effective with the inception of this policy.
This Insuring Agreement, together with the Premium Summary, Schedule Of Forms, Declarations, Contract, Hazards, Common Policy Conditions and Endorsements comprise this policy. If this policy is a renewal, we have only reissued to you those policy documents containing changes from your previous policy period coverages and any new additional coverages or policy provisions. All other policy documents continue in effect.
TheCompanyissuing this policy has caused this policy to be signed by its authorized officers, but this policy shall not be valid unless also signed by a duly authorized representative of theCompany.
FEDERAL INSURANCE COMPANY (incorporated under the laws of Indiana)
| Illegible | Illegible | |||||||
| President | Secretary | |||||||
Authorized Representative | Illegible | |||
| Form 44-02-0893(Ed. 1-95) Insuring Agreement | Page 1 of 1 |