0000950137-06-002184 Sample Contracts

ARCH COAL, INC. FORM OF RESTRICTED STOCK UNIT GRANT (Not Transferable) CONTRACT
Contract • February 24th, 2006 • Arch Coal Inc • Bituminous coal & lignite surface mining • Delaware

This Contract, by and between Arch Coal, Inc., a Delaware corporation (the “Company”), and (the “Participant”), is made and entered into as a separate inducement in connection with the Participant’s employment and not in lieu of any salary or other compensation for the Participant’s services, pursuant to which the company has awarded Restricted Stock Units (“Units”) to the Participant, subject to the provisions of the Arch Coal, Inc. 1997 Stock Incentive Plan (the “Plan”), a copy of which has been provided to the Participant, and to the terms and conditions set forth below, which constitute the entire understanding between the Company and the Participant with respect to this contract.

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ARCH COAL, INC. FORM OF PERFORMANCE UNIT GRANT (Not Transferable) CONTRACT
Contract • February 24th, 2006 • Arch Coal Inc • Bituminous coal & lignite surface mining • Delaware

This Contract, by and between Arch Coal, Inc., a Delaware corporation (the “Company”), and (the “Participant”), is made and entered into as a separate inducement in connection with the Participant’s employment and not in lieu of any salary or other compensation for the Participant’s services, pursuant to which the Company has awarded up to Performance Units to the Participant, subject to the provisions of the Arch Coal, Inc. 1997 Stock Incentive Plan (the “Plan”), a copy of which has been provided to the Participant, and to the terms and conditions set forth below, which, together with the Performance Unit Grant Memorandum dated March 1, 2006 to the Participant and attached hereto (the “Memorandum”), constitute the entire understanding between the Company and the Participant with respect to this Contract.

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