Common use of FCF Restricted Stock Units Clause in Contracts

FCF Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g)) through March 17, 2009, the FCF Restricted Stock Units shall vest with respect to one-third of the Shares subject to the FCF Restricted Stock Units on each Performance Date to the extent that the Actual Free Cash Flow for the fiscal year ending on such Performance Date equals or exceeds the Target Free Cash Flow for such fiscal year. The minimum level of performance at which FCF Restricted Stock Units can be earned is eighty-five (85%) of Actual Free Cash Flow. At the minimum level, fifty (50%) of the one-third of the FCF Restricted Stock Units can be earned on each Performance Date. Below this minimum level of performance, zero (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.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.), 2004 Stock Incentive Plan (Foundation Coal Holdings, Inc.)

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FCF Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g3(c)) through March 17, 20092008, the FCF Restricted Stock Units shall vest with respect to one-third of the Shares subject to the FCF Restricted Stock Units on each Performance Date to the extent that the Actual Free Cash Flow FCF for the fiscal year ending on such Performance Date equals or exceeds the Target Free Cash Flow for such fiscal year. The minimum level of performance at which FCF Restricted Stock Units can be earned is eighty-five (85%) of Actual Free Cash FlowFCF. At the minimum level, fifty (50%) of the one-third of the FCF Restricted Stock Units can be earned on each Performance Date. Below this minimum level of performance, zero (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.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.), 2004 Stock Incentive Plan (Foundation Coal Holdings, Inc.)

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FCF Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g3(d)) through March 17February 28, 2009, the FCF Restricted Stock Units shall vest with respect to one-third of the Shares subject to the FCF Restricted Stock Units on each Performance Date to the extent that the Actual Free Cash Flow FCF for the fiscal year ending on such Performance Date equals or exceeds the Target Free Cash Flow for such fiscal year. The minimum level of performance at which FCF Restricted Stock Units can be earned is eighty-five (85%) of Actual Free Cash FlowFCF. At the minimum level, fifty (50%) of the one-third of the FCF Restricted Stock Units can be earned on each Performance Date. Below this minimum level of performance, zero (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.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.)

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