Exhibit 10(d) TERMS OF MODIFIED EMPLOYMENT (YEAR 2000) AND CONSULTING AND NON-COMPETE AGREEMENT (YEAR 2001) FOR A.S. WEST MODIFIED EMPLOYMENT (YEAR 2000) - BASIC TERMS - - West will continue as Senior Vice-President - Sales and Commercial Planning. - - Reduced work schedule: Twenty-five additional days off (9.6% of normal work year) either in the form of one day per week or one week off per month during any 12 months. - - Corresponding 9.6% base salary reduction to $183,512. - - Corresponding 9.6% target bonus reduction to $71,600. - - Six weeks of vacation earned at December 31, 1999 base salary rate. - - Eligible for the regular number of observed holidays in the year 2000. - - Entitled to full range of flex plan group insurance. - - Entitled to full 12 months of additional pension service for benefits and eligibility purposes. - - Ineligible for Severance Pay Plan for Key Employees. CONSULTING AND NON-COMPETE ARRANGEMENT TERMS (YEAR 2001) - - Will retire effective January 1, 2001, but will be retained on a consulting basis from January 1, 2001 to October 31, 2001. - - Consulting fee of $10,000 per month, payable monthly over 10 months beginning January, 2001. - - Must be available for consulting assignments up to a maximum of 90 hours per month during the 10-month period. - - Special payment from the pension plan will be paid at Mr. West's weekly rate in effect on December 31, 1999. Any make-up necessary from the qualified plan will be paid from the Supplemental Employees Retirement Plan. - - Mr. West agrees to a 10-month non-compete period beginning January 1, 2001. - - Ayco financial planning services will be paid through December 31, 2002. - - In the event of a breach of non-compete clause, Mr. West must repay to Cleveland-Cliffs Inc the above-stated values recited in the consulting arrangement, in addition to actual damages incurred by Cleveland-Cliffs Inc.