<SEC-DOCUMENT>0001193125-17-275624.txt : 20170901
<SEC-HEADER>0001193125-17-275624.hdr.sgml : 20170901
<ACCEPTANCE-DATETIME>20170901160559
ACCESSION NUMBER:		0001193125-17-275624
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170831
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170901
DATE AS OF CHANGE:		20170901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMERCIAL METALS CO
		CENTRAL INDEX KEY:			0000022444
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				750725338
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04304
		FILM NUMBER:		171066418

	BUSINESS ADDRESS:	
		STREET 1:		6565 N. MACARTHUR BLVD., SUITE 800
		STREET 2:		P O BOX 1046
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039
		BUSINESS PHONE:		2146894300

	MAIL ADDRESS:	
		STREET 1:		6565 N. MACARTHUR BLVD., SUITE 800
		STREET 2:		PO BOX 1046
		CITY:			IRVING
		STATE:			TX
		ZIP:			75039
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d441119d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, DC 20549 </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT
PURSUANT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>TO SECTION&nbsp;13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): August&nbsp;31, 2017 </B></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Commercial Metals Company </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Charter) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Delaware
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction of Incorporation) </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-4304</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">75-0725338</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6565 N. MacArthur Blvd.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Irving, Texas</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>75039</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(214) <FONT STYLE="white-space:nowrap">689-4300</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s Telephone Number, Including Area Code) </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
Name or Former Address, if Changed Since Last Report) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June&nbsp;21, 2017, Commercial Metals Company (the
&#147;<B><I>Company</I></B>&#148;) announced that (i)&nbsp;effective August&nbsp;31, 2017, Joe Alvarado would retire as Chief Executive Officer; (ii)&nbsp;effective September&nbsp;1, 2017, Barbara Smith would assume the role of Chief Executive
Officer (in addition to continuing in her role as President); and (iii)&nbsp;Mr.&nbsp;Alvarado would continue to serve as Chairman of the Board through the Company&#146;s annual meeting of stockholders on January&nbsp;10, 2018. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Amendment of Terms and Conditions of Employment </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with Ms.&nbsp;Smith&#146;s appointment as Chief Executive Officer of the Company, Ms.&nbsp;Smith and the Company entered into
that certain Fourth Amendment to Terms and Conditions of Employment, dated as of August&nbsp;31, 2017 (the &#147;<B><I>Fourth</I></B> <B><I>Amendment</I></B>&#148;), which amends the Terms and Conditions of Employment, dated as of May&nbsp;3, 2011,
by and between Ms.&nbsp;Smith and the Company, as previously amended as of May&nbsp;29, 2015, January&nbsp;18, 2016 and November&nbsp;28, 2016. The Fourth Amendment, which becomes effective on September&nbsp;1, 2017, provides for, among other
things, the following: (i)&nbsp;Ms.&nbsp;Smith&#146;s new title, (ii)&nbsp;Ms.&nbsp;Smith&#146;s duties and responsibilities as President and Chief Executive Officer, (iii)&nbsp;the appointment of Ms.&nbsp;Smith to the Company&#146;s Board of
Directors effective September&nbsp;1, 2017 and (iv)&nbsp;an increase in Ms.&nbsp;Smith&#146;s minimum annual base salary to $950,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Equity Grants </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, in connection
with Ms.&nbsp;Smith&#146;s appointment as Chief Executive Officer of the Company, a <FONT STYLE="white-space:nowrap">one-time</FONT> grant will be made to Ms.&nbsp;Smith under the Company&#146;s 2013 Long-Term Equity Incentive Plan (the
&#147;<B><I>Plan</I></B>&#148;), effective September&nbsp;1, 2017, to reflect an increase in Ms.&nbsp;Smith&#146;s long-term incentive opportunity that is commensurate with her new position. As part of the
<FONT STYLE="white-space:nowrap">one-time</FONT> grant, Ms.&nbsp;Smith will receive a restricted stock unit (&#147;<B><I>RSU</I></B>&#148;) award valued at $618,750.00 as of the grant date of September&nbsp;1, 2017 (the &#147;<B><I>Grant
Date</I></B>&#148;) and a <FONT STYLE="white-space:nowrap">one-time</FONT> performance stock unit (&#147;<B><I>PSU</I></B>&#148;) award with a target value of $618,750.00 as of the Grant Date. <FONT STYLE="white-space:nowrap">One-third</FONT> of the
RSUs will vest on each of September&nbsp;1, 2018, September&nbsp;1, 2019 and September&nbsp;1, 2020, so long as Ms.&nbsp;Smith remains employed by the Company on such date and certain other conditions are satisfied, and such RSUs will be settled in
shares of Company common stock. The PSUs will vest at the end of a multi-year performance period, which will begin on September&nbsp;1, 2017 and end on August&nbsp;31, 2020, to the extent the applicable performance and other conditions are satisfied
and Ms.&nbsp;Smith remains employed by the Company through such date, and the PSUs will be settled in shares of Company common stock. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Retirement
Agreement </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with his retirement, Mr.&nbsp;Alvarado and the Company entered into that certain Retirement Agreement, dated
August&nbsp;31, 2017 (the &#147;<B><I>Retirement Agreement</I></B>&#148;), pursuant to which Mr.&nbsp;Alvarado retired effective August&nbsp;31, 2017 (the &#147;<B><I>Retirement Date</I></B>&#148;). Except as provided in the Retirement Agreement,
the Retirement Agreement supersedes that certain Employment Agreement, dated April&nbsp;16, 2010, by and between Mr.&nbsp;Alvarado and the Company, as amended from time to time, and that certain Executive Employment Continuity Agreement, dated
April&nbsp;19, 2010, by and between Mr.&nbsp;Alvarado and the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Retirement Agreement provides that, in consideration of Mr.&nbsp;Alvarado&#146;s release and
waiver of claims and his agreement to comply with the restrictive covenants, including confidentiality, <FONT STYLE="white-space:nowrap">non-competition,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation</FONT> and other obligations
referenced in the Retirement Agreement, the Company agreed, among other things, that Mr.&nbsp;Alvarado will be entitled to: (i)&nbsp;a lump sum payment in the gross amount of $326,923; (ii) Mr.&nbsp;Alvarado&#146;s annual performance bonus for the
2017 fiscal year based on the formulaic calculation in the Company&#146;s Annual Performance Bonus Program, as approved by the Compensation Committee of the Company&#146;s Board of Directors (the &#147;<B><I>Compensation Committee</I></B>&#148;);
and (iii)&nbsp;a grant of RSUs pursuant to the terms of the Plan with respect to shares of Company common stock having a Fair Market Value (as defined in the Plan) of $4,750,000, which shall become vested and settled on the third anniversary of
their grant date, provided that Mr.&nbsp;Alvarado satisfies his obligations under the Retirement Agreement in all material respects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Also
in consideration of Mr.&nbsp;Alvarado&#146;s release and waiver of claims and his agreement to comply with the restrictive covenants and other obligations referenced in the Retirement Agreement, and as approved by the Compensation Committee, the
equity awards held by Mr.&nbsp;Alvarado became vested and payable as follows: (i) 295,157 outstanding time-vested RSUs granted on October&nbsp;27, 2014, October&nbsp;26, 2015 and October&nbsp;24, 2016 became fully vested on the Retirement Date and
the related shares of Company common stock shall be issued to Mr.&nbsp;Alvarado and (ii) 263,773 PSUs, which is a prorated portion of the 447,596 outstanding PSUs granted on October&nbsp;27, 2014, October&nbsp;26, 2015 and October&nbsp;24, 2016
became vested on the Retirement Date, determined by calculating the number of PSUs that are earned based solely on the Company&#146;s performance through August&nbsp;31, 2017, as certified by the Compensation Committee, and multiplying the number of
such earned PSUs by a ratio, the numerator of which is the number days in the applicable performance period prior to and including the Retirement Date and the denominator of which is the total number of days in the applicable performance period.
Shares of Company common stock relating to such vested PSUs shall be issued to Mr.&nbsp;Alvarado within 60 days after the Retirement Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Retirement Agreement does not purport to be complete and is qualified in its entirety by reference to the
full text of the Retirement Agreement, which is attached hereto as Exhibit 10.2 and incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:71.40pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description of Exhibit</P></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Fourth Amendment to Terms and Conditions of Employment, dated as of August&nbsp;31, 2017, by and between Barbara R. Smith and Commercial Metals Company.</TD></TR>
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<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Retirement Agreement, dated August&nbsp;31, 2017, by and between Joseph Alvarado and Commercial Metals Company.</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="47%"></TD></TR>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>COMMERCIAL METALS COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: September&nbsp;1, 2017</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Paul K. Kirkpatrick</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Paul K. Kirkpatrick</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Vice President, General Counsel and Corporate Secretary</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="92%"></TD></TR>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:23.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>No.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:71.40pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description of Exhibit</P></TD></TR>


<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d441119dex101.htm">Fourth Amendment to Terms and Conditions of Employment, dated as of August&nbsp;31, 2017, by and between Barbara R. Smith and Commercial Metals Company. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d441119dex102.htm">Retirement Agreement, dated August&nbsp;31, 2017, by and between Joseph Alvarado and Commercial Metals Company.</A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d441119dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Execution Copy </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FOURTH AMENDMENT
TO TERMS AND CONDITIONS OF EMPLOYMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS FOURTH AMENDMENT TO TERMS AND CONDITIONS OF EMPLOYMENT (this
&#147;<B><I>Amendment</I></B>&#148;) is entered into as of this 31<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> day of August, 2017 (the &#147;<B><I>Amendment Date</I></B>&#148;) by and between <B>COMMERCIAL METALS COMPANY</B>, a Delaware
corporation (the &#147;<B><I>Employer</I></B>&#148;), and <B>BARBARA R. SMITH</B> (&#147;<B><I>Executive</I></B>&#148;). The Employer and Executive are collectively referred to as the &#147;<B><I>Parties</I></B>&#148;, and individually as a
&#147;<B><I>Party</I></B>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RECITALS</U></B>: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Employer and Executive originally entered into that certain Terms and Conditions of Employment (the
&#147;<B><I>Agreement</I></B>&#148;), dated as of May&nbsp;3, 2011, and further amended the Agreement as of May&nbsp;29, 2015, January&nbsp;18, 2016, and November&nbsp;28, 2016; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Employer and Executive desire to further amend the Agreement in recognition of Executive&#146;s promotion to the position of
President and Chief Executive Officer of the Employer, and her appointment to the Board of Directors of the Employer, effective September&nbsp;1, 2017; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the Employer and Executive agree to further amend the
Agreement as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<B>Sections</B> <B>1.</B> <B><U>Purpose</U></B>, <B>5.</B> <B><U>Duties and Responsibilities</U></B> and
<B>6(a). </B><B><U>Salary</U></B>, are hereby omitted in their entirety and the following revised Sections 1., 5. and 6(a) are hereby substituted therefor: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B><B><U>Purpose</U></B><B>.</B> The purpose of the Agreement is to formalize the terms and conditions of Executive&#146;s employment with the Employer as President and Chief Executive Officer, and her appointment
to the Board of Directors of the Employer, effective September&nbsp;1, 2017. This Agreement cannot be amended except by a writing signed by both Parties. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Duties and Responsibilities</U></B><B>.</B> Effective September&nbsp;1, 2017, (a) Executive shall diligently render her services to the Employer as President and Chief Executive Officer in accordance with the
Employer&#146;s directives, and shall use her best efforts and good faith in accomplishing such directives, and (b)&nbsp;in her capacity as President and Chief Executive Officer, Executive shall report to the Board of Directors of the Employer.
Executive agrees to devote her full-time efforts, abilities, and attention (defined to mean not normally less than forty (40)&nbsp;hours/week) to the business of the Employer, and shall not engage in any activities which will interfere with such
efforts. The Employer shall cause Executive to be appointed to the Board of Directors of the Employer effective September&nbsp;1, 2017. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>a.</B> <B><U>Salary</U>.</B> Effective September&nbsp;1, 2017, Executive shall receive an annual base salary of not less than $950,000.00 during the term of this Agreement for serving as President and Chief Executive
Officer of the Company. This salary may be increased at the sole discretion of the Employer, and may not be decreased without Executive&#146;s written consent. Notwithstanding the foregoing, Executive may voluntarily decrease her salary at any time.
As an officer of the Company, Executive shall not be entitled to any fees for services on the Board of Directors of the Employer. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Usage</U></B>. All references in the Agreement to Employer&#146;s &#147;2006 Cash Incentive Plan&#148; or &#147;2006 Employee
Cash Incentive Plan&#148; shall be deleted and replaced by references to Employer&#146;s &#147;2013 Cash Incentive Plan&#148;. All references in the Agreement to Employer&#146;s &#147;2006 Long Term Equity Plan&#148; or &#147;2006 Long-Term Equity
Incentive Plan&#148; shall be deleted and replaced by references to Employer&#146;s &#147;2013 Long-Term Equity Incentive Plan&#148;. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Execution Copy </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>No Other Modifications</U></B>. Except to the extent specifically amended as
provided herein, the Agreement is in all respects ratified and confirmed, and all the terms, conditions and provisions thereof shall be and remain in full force and effect for any and all purposes. From and after the date hereof, any and all
references to the Agreement shall refer to the Agreement as hereby amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Binding Agreement</U></B>. The provisions of
this Amendment shall be binding upon and inure to the benefit of the heirs, representatives, successors and permitted assigns of the Parties. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Authority</U></B>. The Parties represent and warrant that they have the requisite authority to bind the party on whose behalf
they are signing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Counterparts</U></B>. This Amendment may be executed in any number of original counterparts. Any such
counterpart, when executed, shall constitute an original of this Amendment, and all such counterparts together shall constitute one and the same Amendment. Either party may deliver its signature to the other via facsimile or electronic (PDF)
transmission, and any signature so delivered shall be binding on the delivering party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Voluntary Amendment</U></B>. The
Parties have read this Amendment, and on the advice of counsel they have freely and voluntarily entered into this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature
Page to Follow] </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Execution Copy </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>EMPLOYER</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>COMMERCIAL&nbsp;METALS&nbsp;COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Richard B. Kelson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Richard B. Kelson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Lead Director</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><B>EXECUTIVE</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Barbara R. Smith</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Barbara R. Smith</TD></TR>
</TABLE></DIV>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d441119dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B></B><B><I>Execution Copy</I></B><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RETIREMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Retirement Agreement (&#147;<B><I>Agreement</I></B>&#148;) is entered into as of this
31<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> day of August, 2017 by and between Commercial Metals Company, a Delaware corporation, with principal offices at 6565 N. MacArthur Blvd, Irving, Texas 75039 (the
&#147;<B><I>Company</I></B>&#148;) and Joseph Alvarado (&#147;<B><I>Executive</I></B>&#148;). The Company and Executive are individually referred to herein as a &#147;<B><I>Party</I></B>&#148; and collectively as the
&#147;<B><I>Parties</I></B>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Executive is currently employed by the Company as its Chief Executive Officer (the
&#147;<B><I>Employment Relationship</I></B>&#148;), and Executive has faithfully performed his responsibilities as an executive of the Company; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in connection with such Employment Relationship, Executive and the Company have entered into an employment agreement dated
April&nbsp;16, 2010, as amended from time to time (the &#147;<B><I>Employment Agreement</I></B>&#148;), and an Executive Employment Continuity Agreement dated as of April&nbsp;19, 2010 (the &#147;<B><I>EECA</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Executive also serves as Chairman of the Board of Directors of the Company (the &#147;<B><I>Board</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company and Executive have announced that Executive will resign from his position as Chief Executive Officer and retire
from his employment with the Company, effective August&nbsp;31, 2017, and thereafter continue to serve as Chairman of the Board through January&nbsp;10, 2018; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Parties now desire to enter into this Agreement to set forth the terms and conditions relating to Executive&#146;s
retirement and the termination of the Employment Relationship, and the Parties herewith furthermore intend to settle all possible open issues in connection with the Employment Relationship and its termination; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the mutual promises and covenants set forth below, the Parties agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;Executive and the Company have mutually agreed that Executive shall resign from his position as Chief Executive Officer of the
Company, as well as any and all other officer positions with the Company and its subsidiaries, and retire from his employment with the Company, effective as of August&nbsp;31, 2017 (the &#147;<B><I>Separation Date</I></B>&#148;), at which time his
employment with the Company and its subsidiaries shall terminate. The Company shall continue to employ Executive until the Separation Date; and his salary and all benefits will remain unchanged until such date. Executive shall continue to perform
services to the Company through the Separation Date and will be subject to the same standards of conduct and performance applicable to all officers and managers of the Company. Other than as provided in this Agreement, Executive waives and agrees
that he shall not receive any other compensation or benefits from the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;During the period ending at the close of
business on January&nbsp;10, 2018, Executive shall continue to serve as Chairman of the Board. Effective at the close of business on January&nbsp;10, 2018, Executive shall resign as Chairman of the Board and as a member of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;Subject to (i)&nbsp;Executive&#146;s release and waiver of claims and agreement to comply with the obligations referenced herein,
(ii)&nbsp;Executive&#146;s execution of this Agreement, (iii)&nbsp;an affirmation and release of claims (in the form of<U>&nbsp;Attachment A</U>) (the &#147;<B><I>Affirmation</I></B>&#148;) to be executed on or within twenty-one (21)&nbsp;days after
(but not before) the Separation Date, (iv)&nbsp;the expiration of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
applicable revocation periods (without revocation), and (vi)&nbsp;payroll tax withholding required by federal, state or local law, the Company shall pay Executive the following: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;a payment in the gross amount of $326,923, which is equivalent to the annual base salary that Executive would have
received for services through December&nbsp;31, 2017, to be paid in one lump sum payment to be made on August&nbsp;31, 2017; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;a payment of Executive&#146;s annual performance bonus based on the formulaic calculation in the Company&#146;s
FY2017 Annual Performance Bonus Program as approved by the Compensation Committee of the Board (the &#147;<B><I>Compensation Committee</I></B>&#148;) and payable not later than November&nbsp;15, 2017; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;the health benefits and other perquisites to which Executive is currently entitled shall cease as of the Separation
Date pursuant to the terms of the applicable plan documents as may be amended, provided that Executive shall be entitled to elect continued coverage under the Company&#146;s group health plan for Executive and his dependents, at Executive&#146;s
sole expense, until June&nbsp;1, 2020, which period of coverage shall satisfy the Company&#146;s obligations under COBRA; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Executive shall receive a grant of restricted stock units (&#147;<B><I>RSU</I></B>s&#148;) pursuant to the terms of
the Company&#146;s 2013 Long-Term Equity Incentive Plan (the &#147;<B><I>2013 LTIP</I></B>&#148;) with respect to shares of common stock of the Company having a Fair Market Value, as defined in the LTIP, of $4,750,000, which shall become vested and
settled on the third anniversary of the grant date, provided that Executive satisfies in all material respects his obligations under this Agreement, including his continued employment through the Separation Date; provided that if Executive dies
prior to the third anniversary of the grant date, such RSUs shall become vested and payable to Executive&#146;s estate within 90 days after the date of Executive&#146;s death; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;as approved by the Compensation Committee, the equity awards held by Executive shall become vested and payable as
shown below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">295,157 outstanding time-vested RSUs granted on October&nbsp;27, 2014, October&nbsp;26, 2015 and October&nbsp;24, 2016 shall become fully vested on the Separation Date and the related shares of Company common stock
shall be issued to Executive on the <FONT STYLE="white-space:nowrap">six-month</FONT> anniversary of the Separation Date (or, if earlier, the date of Executive&#146;s death, and deposited into Executive&#146;s Schwab account. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">263,773 performance stock units (&#147;<B><I>PSUs</I></B>&#148;), which is a prorated portion of the 447,596 outstanding PSUs granted on October&nbsp;27, 2014, October&nbsp;26, 2015 and October&nbsp;24, 2016 shall
become vested on the Separation Date, determined by calculating the number of PSUs that are earned based solely on the Company&#146;s EBITDA and TSR, each as defined in the applicable award agreements, through August&nbsp;31, 2017, as certified by
the Compensation Committee, and multiplying the number of such earned PSUs by a ratio, the numerator of which is the number days in the applicable performance period prior to and including the Separation Date and the denominator of which is the
total number of days in the applicable performance period. Shares of Company common stock relating to such vested PSUs shall be issued to Executive within 60 days after the Separation Date and deposited into Executive&#146;s E*Trade account; and
</TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;on or before the first regular payday following the Separation
Date, the Company will pay Executive for any accrued, unused vacation pay. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The EECA shall terminate and be of no further force or effect and Executive
shall forfeit all entitlements he may have under the EECA as of the Separation Date, unless a Change in Control, as defined in the EECA, has occurred prior to the Separation Date. If a Change in Control occurs prior to the Separation Date, then
Executive shall be entitled to the benefits payable pursuant to the terms of the EECA, reduced by the benefits payable under this Agreement. Except as otherwise stated below, the Employment Agreement shall terminate as of the Separation
Date;&nbsp;<U>provided</U>,&nbsp;<U>however</U>, that Paragraphs 9 through 18 of the Employment Agreement shall survive and continue in full force and effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive agrees that the terms of his various restrictive covenants, as set forth in Paragraphs 9 through 15 of the
Employment Agreement, are valid and enforceable. Without limiting any other rights available to the Company under applicable law, the Company shall have the right (a)&nbsp;to obtain injunctive relief should Executive breach any of the covenants
referenced herein; (b)&nbsp;to discontinue all amounts payable under this Agreement from the date the Company obtains any injunctive, other equitable or other relief from a court (or arbitrator, if applicable) in connection with an alleged or actual
breach by Executive of any of the covenants referenced herein; and (c)&nbsp;to recover all payments made under this Agreement as of the date of any breach by Executive of any of the covenants referenced herein as determined by a court (or
arbitrator, if applicable). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the mutual promises and covenants contained in this Agreement and after
adequate opportunity to consult with legal counsel: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Except as provided for in subparts (f)&nbsp;and
(g)&nbsp;below or as otherwise prohibited by law, Executive for himself and each of his respective heirs, representatives, agents, successors, and assigns, irrevocably and unconditionally releases and forever discharges the Company and its
respective current and former officers, directors, shareholders, employees, representatives, heirs, attorneys, and agents, as well as its respective predecessors, parent companies, subsidiaries, affiliates, divisions, successors, and assigns and its
respective current and former officers, directors, shareholders, employees, representatives, attorneys, and agents (collectively the &#147;<B><I>Released Parties</I></B>&#148;), from any and all causes of action, claims, actions, rights, judgments,
obligations, damages, demands, accountings, or liabilities of whatever kind or character, which Executive may have against them, or any of them, by reason of or arising out of, touching upon, or concerning Executive&#146;s employment with the
Company or his separation from the Company or the Employment Agreement, that exist or may exist as of the date Executive signs this Agreement. Executive acknowledges that this release of claims specifically includes, but is not limited to, any and
all claims for fraud; pay in lieu of, or receipt of, advance notice of termination of employment, breach of contract; breach of the implied covenant of good faith and fair dealing; inducement of breach; interference with contractual rights; wrongful
or unlawful discharge or demotion; violation of public policy; invasion of privacy; intentional or negligent infliction of emotional distress; intentional or negligent misrepresentation; conspiracy; failure to pay wages, benefits, vacation pay,
expenses, severance pay, attorneys&#146; fees, or other compensation of any sort; defamation; unlawful effort to prevent employment; discrimination on the basis of race, color, sex, sexual orientation, national origin, ancestry, religion, age,
disability, medical condition, or marital status; any claim under Title VII of the Civil Rights Act of 1964 (Title VII, as amended), 42 U.S.C. &#167; 2000,<I>&nbsp;et seq.,</I>&nbsp;the Civil Rights Act of 1991, the Age Discrimination in Employment
Act (&#147;<B><I>ADEA</I></B>&#146;&#146;), 29 U.S.C. &#167; 621,<I>&nbsp;et seq.,</I><I></I>&nbsp;the Older Workers Benefit Protection Act (&#147;<B><I>OWBPA</I></B>&#148;), 29 U.S.C. &#167; 626(f), the Equal Pay Act, the Family and Medical Leave
Act (&#147;<B><I>FMLA</I></B>&#148;), the Americans with Disabilities Act (&#147;<B><I>ADA</I></B>&#148;), the Consolidated Omnibus Budget Reconciliation Act of 1985 (&#147;<B><I>COBRA</I></B>&#148;), the Occupational Safety and Health Act
(&#147;<B><I>OSHA</I></B>&#148;) or any other health and/or safety laws, statutes, or regulations, the Employee Retirement Income Security Act </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of 1974 (&#147;<B><I>ERISA</I></B>&#148;), the Internal Revenue Code of 1986, as amended; the Lilly Ledbetter Fair Pay Act of 2009, the Genetic Information and Nondiscrimination Act
(&#147;<B><I>GINA</I></B><B>&#148;)</B><B><I></I></B>&nbsp;and any and all other foreign, federal, state, or local laws, common law, or case law, including but not limited to all statutes, regulations, common law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Executive represents and agrees that (except as otherwise provided in subpart (g)&nbsp;below), prior to signing
this Agreement, he has not filed or pursued any complaints, charges, or lawsuits of any kind with any court, governmental or administrative agency, or arbitral forum against the Company, or any other person or entity released under Paragraph 5(a)
above, asserting any claims whatsoever. Executive understands and acknowledges that, in the event he commences any proceeding in violation of this Agreement, he waives and is estopped from receiving any monetary award or other legal or equitable
relief in such proceeding (except as otherwise provided in subpart (g)&nbsp;below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;Subject to subpart
(g)&nbsp;below: (i) Executive represents and warrants that Executive is not aware of any (A)&nbsp;violations, allegations or claims that the Company has violated any federal, state, local or foreign law or regulation of any kind, or (B)&nbsp;any
facts or circumstances relating to any alleged violations, allegations or claims that the Company has violated any federal, state, local or foreign law or regulation of any kind, of which Executive has not previously made the executive leadership
team aware and (ii)&nbsp;if Executive learns of any such information, Executive shall immediately inform the Company&#146;s General Counsel. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;Executive represents and warrants that he has not assigned or subrogated any of his rights, claims, and/or causes
of action, including any claims referenced in this Agreement, or authorized any other person or entity to assert such claim or claims on his behalf, and he agrees to indemnify and hold harmless the Company against any assignment of said rights,
claims, and/or causes of action. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;If Executive should breach any of his obligations under this Agreement or the
Employment Agreement, the Company shall have no further obligation to make the payments described in this Agreement, and Executive shall be required to repay to the Company any amounts previously received under this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;This release shall not apply to any of the Company&#146;s obligations under this Agreement, COBRA continuation
coverage benefits or any accrued and vested benefits under an employee benefit plan subject to ERISA (other than any severance benefits). Without limiting the foregoing, nothing in this Agreement shall affect or apply to Executive&#146;s rights and
benefits in and to: the Commercial Metals Companies Retirement Plan, as amended and restated effective as of January&nbsp;1, 2016, and the Commercial Metals Companies 2005 Benefits Restoration Plan, as amended and restated effective
September&nbsp;1, 2014. Executive will retain all rights and benefits in accordance with applicable plan documents. Executive&#146;s active participation in all such plans and programs will cease on the Separation Date, however, consistent with the
terms of the plans referenced above all benefits or compensation under such plans and programs that Executive has earned or in the future may be credited to Executive&#146;s account or to which Executive will become entitled to receive under such
plans and programs by virtue of his service through the Separation Date will be payable pursuant to the terms of such plans; and (ii)&nbsp;payment of accrued, unpaid salary and reimbursement of eligible business expenses through the Separation Date.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement prohibits Executive from
confidentially or otherwise communicating or filing a charge or complaint with a governmental or regulatory entity, participating in a governmental or regulatory entity investigation, or giving truthful testimony or making other disclosures to a
governmental or regulatory entity (in each case, without having to disclose any such conduct to the Company), or from responding if properly </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
subpoenaed or otherwise required to do so under applicable law. In addition, nothing in this Agreement limits Executive&#146;s right to receive an award from a governmental or regulatory entity
for information provided to such an entity (and not as compensation for actual or alleged personal injury or damages to Executive). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;Executive shall, immediately following execution of this Agreement, to the extent not previously returned or delivered (subject to
Paragraph 5(g) above): (a) return all equipment, records, files, documents, data, programs or other materials and property in Executive&#146;s possession, custody or control which relates or belongs to the Company or any one or more of its
affiliates, including, without limitation, all, Confidential Information (defined below), computer equipment, access codes, messaging devices, credit cards, cell phones, keys and access cards; and (b)&nbsp;deliver all original and copies of
confidential information, electronic data, notes, materials, records, plans, data or other documents, files or programs (whether stored in paper form, computer form, digital form, electronically or otherwise, on Company equipment or Executive&#146;s
personal equipment) that relate or refer in any to (1)&nbsp;the Company or any one or more of its affiliates, its business or its employees, or (2)&nbsp;the Company&#146;s Confidential Information or similar information. By signing this Agreement,
Executive represents and warrants that Executive has not retained and has or shall timely return and deliver all the items described or referenced in subsections (a)&nbsp;or (b) above; and, that should Executive later discover additional items
described or referenced in subsections (a)&nbsp;or (b) above, Executive shall promptly notify the Company and return/deliver such items to the Company. Confidential Information means information (1)&nbsp;disclosed to or known by Executive as a
consequence of or through his employment with the Company or one of its affiliates; and (2)&nbsp;which relates to any aspect of the Company&#146;s or an affiliate&#146;s business, research, or development. &#147;<B><I>Confidential
Information</I></B>&#148; includes, but is not limited to, the Company&#146;s or an affiliate&#146;s trade secrets, proprietary information, business plans, marketing plans, financial information, employee performance, compensation and benefit
information, cost and pricing information, identity and information pertaining to customers, suppliers and vendors, and their purchasing history with the Company, any business or technical information, design, process, procedure, formula,
improvement, or any portion or phase thereof, that is owned by or has, at the time of termination, been used by the Company, any information related to the development of products and production processes, any information concerning proposed new
products and production processes, any information concerning marketing processes, market feasibility studies, cost data, profit plans, capital plans and proposed or existing marketing techniques or plans, financial information, including, without
limitation, information set forth in internal records, files and ledgers, or incorporated in profit and loss statements, fiscal reports, business plans or other financial or business reports, and information provided to the Company or an affiliate
by a third party under restrictions against disclosure or use by the Company or others. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not, directly or
indirectly, disclose, communicate, or publish in any format any libelous, defamatory, or disparaging information concerning the Company, its executives, officers, Board of Directors, its parents, subsidiaries, affiliates, employees, operations,
technology, proprietary or technical information, strategies or business whatsoever, or cause others to disclose, communicate, or publish any disparaging information concerning the same (subject to Paragraph 5(g) above). The Company agrees that the
individuals who held positions on the Company&#146;s &#147;Senior Leadership Team&#148; (as such term is utilized within the Company) as of August&nbsp;31, 2017, will refrain at all times while they are employed by the Company, from directly or
indirectly disclosing, communicating, or publishing in any format any libelous, defamatory, or disparaging information concerning Executive, directed to any person or entity other than a member of the Company&#146;s Board of Directors or any member
of the Senior Leadership Team. Notwithstanding anything to the contrary in this Paragraph 7, nothing shall prohibit Executive, the Company or any member of the Senior Leadership Team from giving truthful testimony or evidence to a governmental
entity, or if properly subpoenaed or otherwise required to do so under applicable law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;During the three (3)&nbsp;year period following the Separation Date, Executive
hereby agrees to provide his full cooperation, at the request of the Company, with any of the Released Parties in the transitioning of his job duties and responsibilities, any and all investigations or other legal, equitable or business matters or
proceedings which involve any matters for which Executive worked on or had responsibility during his employment with the Company. During the three (3)&nbsp;year period following the Separation Date, Executive also agrees to be reasonably available
to the Company or its representatives to provide general advice or assistance as requested by the Company. This includes, but is not limited to, testifying (and preparing to testify) as a witness in any proceeding or otherwise providing information
or reasonable assistance to the Company in connection with any investigation, claim or suit, and cooperating with the Company regarding any investigation, litigation, claims or other disputed items involving the Company that relate to matters within
the knowledge or responsibility of Executive (subject to Paragraph 5(g) above). Specifically, Executive agrees (i)&nbsp;to meet with the Company&#146;s representatives, its counsel or other designees at reasonable times and places with respect to
any items within the scope of this provision; (ii)&nbsp;to provide truthful testimony regarding same to any court, agency or other adjudicatory body; (iii)&nbsp;to provide the Company with immediate notice of contact or subpoena by any <FONT
STYLE="white-space:nowrap">non-governmental</FONT> adverse party, and (iv)&nbsp;to not voluntarily assist any such <FONT STYLE="white-space:nowrap">non-governmental</FONT> adverse party or such
<FONT STYLE="white-space:nowrap">non-governmental</FONT> adverse party&#146;s representatives. Executive acknowledges and understands that his obligations of cooperation under this Paragraph 8 are not limited in time and may include, but shall not
be limited to, the need for or availability for testimony. Executive shall receive no additional compensation for time spent assisting the Company pursuant to this Paragraph 8, provided that Executive shall be reimbursed by the Company for any
reasonable <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> travel expenses incurred by Executive in providing assistance pursuant to this Paragraph 8 (subject to the Company&#146;s business expense
policies then in effect). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the Company&#146;s promises in Paragraph 3 and otherwise in this Agreement,
Executive hereby reaffirms, and shall fully comply with and abide by, the covenants in Paragraph 9 <FONT STYLE="white-space:nowrap">(&#147;Non-Competition,</FONT> <FONT STYLE="white-space:nowrap">Non-Solicitation,</FONT> and Confidentiality) of the
Employment Agreement, and that Paragraphs 9, 10 (&#147;Remedies&#148;), 11 (&#147;Reformation), 12 (&#147;Tolling&#148;) and 13 (&#147;Notice to Future Employers&#148;) of the Employment Agreement (which shall survive this Agreement (if applicable)
and Executive&#146;s termination from employment), Executive and the Company agree to the following: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;The
restricted period for Executive&#146;s agreement not to compete with the Company, contained in Paragraph 9(a) of the Employment Agreement, shall continue from the present through February&nbsp;28, 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Executive further agrees that from the present through February&nbsp;28, 2019, he shall not, without the prior
written consent of the Chief Executive Officer of the Company, consult with, provide information to, or perform services for any investment firm, financier, or other person or entity which Executive knows, after reasonable inquiry, is considering or
pursuing acquisition of the Company or an investment in the Company of more than $25,000.00. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;The restricted
period for Executive&#146;s agreement not to solicit certain customers and employees, as contained in Paragraph 9(c) of the Employment Agreement, continue the present through August&nbsp;31, 2019; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;Without waiving the Company&#146;s right to enforce the foregoing
provisions of Paragraph 9(a) of this Agreement and Paragraph 9 of the Employment Agreement, the Company agrees that Executive may request a reasonable waiver of these provisions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10.&nbsp;&nbsp;&nbsp;&nbsp;If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the
invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect and such invalid or unenforceable provision
shall be reformulated by such court to preserve the intent of the Parties hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.&nbsp;&nbsp;&nbsp;&nbsp;All of the terms and provisions contained in
this Agreement shall inure to the benefit of and shall be binding upon the Parties hereto and their respective heirs, legal representatives, successors, and assigns. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be executed in counterparts, each of which shall be deemed an original. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall not in any way be construed as an admission that the Company, Executive, or any other individual or entity has
any liability to or acted wrongfully in any way with respect to Executive, the Company, or any other person. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;The Company
represents that it has the authority to enter into this Agreement and has obtained all necessary corporate approvals necessary to do so. Executive represents and warrants that he has been advised in writing to consult with an attorney before signing
this Agreement; that he has had an opportunity to be represented by independent legal counsel of his own choosing throughout all of the negotiations preceding the execution of this Agreement; that he has executed this Agreement after the opportunity
for consultation with his independent legal counsel; that he is of sound mind and body, competent to enter into this Agreement, and is fully capable of understanding the terms and conditions of this Agreement; that he has carefully read this
Agreement in its entirety; that he has had reasonable opportunity to have the provisions of the Agreement explained to his by his own counsel; that he fully understands the terms and significance of all provisions of this Agreement; that he
voluntarily assents to all the terms and conditions contained in this Agreement; and that he is signing the Agreement of his own force and will, without any coercion or duress. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise specifically provided herein, this Agreement and Paragraphs 9
<FONT STYLE="white-space:nowrap">(&#147;Non-Competition,</FONT> <FONT STYLE="white-space:nowrap">Non-Solicitation,</FONT> and Confidentiality), 10 (&#147;Remedies&#148;), 11 (&#147;Reformation), 12 (&#147;Tolling&#148;) and 13 (&#147;Notice to
Future Employers&#148;) and the other surviving provisions of the Employment Agreement constitute the entire agreement and understanding of the Parties with respect to the subject matter hereof and with respect to Executive&#146;s employment with
the Company, contains all the covenants, promises, representations, warranties, and agreements between the Parties with respect to Executive&#146;s separation from the Company and its subsidiaries and all positions therewith, and supersedes all
prior employment or severance or other agreements between Executive and the Company and its subsidiaries, whether written or oral, or any of its predecessors or affiliates. Except as otherwise provided herein, Executive acknowledges that no
representation, inducement, promise, or agreement, oral or written, has been made by either Party, or by anyone acting on behalf of either Party, which is not embodied herein, and that no agreement, statement, or promise relating to Executive&#146;s
separation from the Company and its subsidiaries that is not contained in this Agreement shall be valid or binding. Executive represents and acknowledges that in executing this Agreement, he does not rely, and has not relied, upon any
representation(s) by the Company or its agents except as expressly contained in this Agreement. Any modification of this Agreement will be effective only if it is in writing and signed by both Parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">16.&nbsp;&nbsp;&nbsp;&nbsp;No failure by either Party hereto at any time to give notice of any breach by the
other Party of, or to require compliance with, any condition or provision of this Agreement shall (i)&nbsp;be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time or (ii)&nbsp;preclude
insistence upon strict compliance in the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17.&nbsp;&nbsp;&nbsp;&nbsp;Executive agrees that, as a condition to receipt of the consideration
described herein above, he shall sign an affirmation of the waiver and release contained in this Agreement on the Separation Date. The form of affirmation to be signed by Executive is attached as <U>Attachment A</U>&nbsp;hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18.&nbsp;&nbsp;&nbsp;&nbsp;This Agreement is entered into under, and shall be governed for all purposes by; the laws of the State of Texas without giving
effect to any choice of law principles and venue over any claim relating to this Agreement shall rest exclusively in the state district courts of Dallas County, Texas or the United States District Court for the Northern District of Texas, Dallas
Division. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19.&nbsp;&nbsp;&nbsp;&nbsp;Executive, by Executive&#146;s free and voluntary act of signing below, (i)&nbsp;acknowledges that he has been given
a period of at least <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days to consider whether to agree to the terms contained herein, (ii)&nbsp;acknowledges that he has been advised in writing to consult with an attorney prior to
executing this Agreement, (iii)&nbsp;acknowledges that he understands that this Agreement specifically releases and waives all rights and claims Executive may have under the ADEA on or prior to the date on which Executive signs this Agreement, and
for valuable consideration to which he otherwise would not be entitled, and (iv)&nbsp;agrees to all of the terms of this Agreement and intends to be legally bound thereby. Furthermore, Executive acknowledges that the promises and benefits provided
for in Paragraph 3 (other than Paragraph 3(a)) of this Agreement will be delayed until this Agreement (including&nbsp;<U>Attachment A</U>) becomes effective, enforceable and irrevocable. This Agreement will become effective, enforceable and
irrevocable on the eighth day after the date on which it is executed by Executive. During the <FONT STYLE="white-space:nowrap">seven-day</FONT> period following the date on which Executive executes this Agreement, Executive may revoke his agreement
to accept the terms hereof by indicating his revocation in writing to the General Counsel of the Company. If Executive exercises his right to revoke hereunder, Executive shall not be eligible to receive and shall forfeit his right to receive any of
the payments or benefits provided for herein, and to the extent such payments or benefits have already been made, Executive agrees that he will immediately reimburse the Company for the amounts of such promises and benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to Follow] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREFORE,</B><B></B>&nbsp;the Parties, by their signatures below, evidence their agreement to the
provisions stated above: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>COMMERCIAL METALS COMPANY</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Richard B. Kelson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Richard B. Kelson, Lead Director</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;&nbsp;&nbsp;August 31, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>EXECUTIVE</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Joseph Alvarado</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Joseph Alvarado</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;&nbsp;&nbsp;August 31, 2017</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Copy </I></B></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ATTACHMENT A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AFFIRMATION AND ADDITIONAL RELEASE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(&#147;<B><I>AFFIRMATION</I></B>&#148;) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By my signature below, I hereby <FONT STYLE="white-space:nowrap">re-execute</FONT> and affirm the Retirement Agreement dated August&nbsp;31,
2017 (the &#147;Agreement&#148;), including, but not limited to, the release and waiver of claims to the extent set forth in the Agreement. Further, I hereby release and waive any and all claims described in Paragraph 5 of the Agreement that exist
or may exist on or prior to the date I sign this Affirmation (including, without limitation, claims under the ADEA). I understand that I (a)&nbsp;may not sign this Affirmation until on or after my Separation Date and (b)&nbsp;must return a signed
copy of this Affirmation to the Company within 21 days after my Separation Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Executive, by Executive&#146;s free and voluntary act of
signing below, (i)&nbsp;acknowledges that he has been given a period of at least <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days to consider whether to agree to the terms contained herein, (ii)&nbsp;acknowledges that he has been
advised in writing to consult with an attorney prior to executing this Affirmation, (iii)&nbsp;acknowledges that he understands that this Agreement specifically releases and waives all rights and claims Executive may have under the ADEA on or prior
to the date on which Executive signs this Affirmation, and for valuable consideration to which he otherwise would not be entitled, and (iv)&nbsp;agrees to all of the terms of this Affirmation and the Agreement and intends to be legally bound
thereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Furthermore, Executive acknowledges that the promises and benefits provided for in Paragraph 3 (other than Paragraph 3(a)) of
the Agreement will be delayed until the Agreement and this Affirmation become effective, enforceable and irrevocable. This Affirmation will become effective, enforceable and irrevocable on the eighth day after the date on which it is executed by
Executive. During the <FONT STYLE="white-space:nowrap">seven-day</FONT> period following the date on which Executive executes this Affirmation, Executive may revoke his agreement to accept the terms of this Affirmation by indicating his revocation
in writing to the General Counsel of the Company. If Executive exercises his right to revoke this Affirmation, Executive shall not be eligible to receive and shall forfeit his right to receive any of the payments or benefits provided in the
Agreement, and to the extent such payments or benefits have already been made, Executive agrees that he will immediately reimburse the Company for the amounts of such promises and benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Terms not defined in this Affirmation shall have the same meaning as defined in the Agreement. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>EXECUTIVE</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Joseph Alvarado</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

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