EXHIBIT 10(cc) CLEVELAND-CLIFFS INC NONEMPLOYEE DIRECTORS RETIREMENT PLAN JULY 1, 1995 (SUMMARY DESCRIPTION) Directors joining the Board of Directors of 日韩三级片 Inc ("Company") after June 30, 1995 will receive in cash a quarterly retirement amount equal to 50 percent of the stated Board retainer fee in effect at time of retirement from the Company, in accordance with the following: 1. Director eligibility occurs after 5 years service, or earlier if a change-of-control occurs. 2. Retirement benefit is payable for number of years service on the Board. 3. Director may elect an actuarially equivalent lower payment for a surviving spouse. 4. Retirement benefit is reduced proportionately if a change-of-control occurs before 5 years of service as a Director. 5. Mandatory retirement age for a Director is 72, but there is no minimum retirement age. 6. Benefit payment to a Director begins upon retirement (voluntary or involuntary) but not before age 65, except in case of disability. 7. A Director who is not renominated or re-elected is deemed to retire with Board consent.