Form of Performance Unit Contract (Not Transferable)Arch Coal Inc • February 23rd, 2009 • Bituminous coal & lignite surface mining • Delaware
This Contract, by and between Arch Coal, Inc., a Delaware corporation (the “Company”), and [Participant Name] (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 x,xxx performance units (“Units”) to the Participant, subject to the provisions of the Arch Coal, Inc. 1997 Stock Incentive Plan, as amended from time to time (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 , 20 to the Participant and attached hereto, constitute the entire understanding between the Company and the Participant with respect to this Contract.
