FCF Restricted Stock Units. Subject to the Participant’s continued Employment with the Company or one of its Affiliates (except as provided in Section 3(k)) through February 27, 2012, the FCF Restricted Stock Units shall be earned with respect to one-third of the Shares subject to the FCF Restricted Stock Units on each FCF Performance Date to the extent that the Actual FCF for the fiscal year ending on such FCF Performance Date equals the Target Free Cash Flow for such fiscal year. The maximum level of performance at which FCF Restricted Stock Units can be earned is one hundred percent (100%) of Actual FCF. Above this target level of performance, the FCF Cash Upside Units will be earned as explained in Section 3(h). The minimum level of performance at which FCF Restricted Stock Units can be earned is eighty-five percent (85%) of Actual FCF. At the minimum level of performance, fifty percent (50%) of the one-third of the FCF Restricted Stock Units can be earned on each FCF Performance Date. Below this minimum level of performance, zero percent (0%) FCF Restricted Stock Units can be earned. FCF Restricted Stock Units will be straight line interpolated for performance falling between target and minimum levels.
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Samples: 2004 Stock Incentive Plan (Foundation Coal Holdings, Inc.), 2004 Stock Incentive Plan (Foundation Coal Holdings, Inc.), 2004 Stock Incentive Plan (Foundation Coal Holdings, Inc.)
