Actual Cost Per Ton definition
Actual Cost Per Ton means, in respect of a fiscal year, the cost per ton of coal to the Company determined on a basis consistent with the forecasts utilized for the performance targets.
Examples of Actual Cost Per Ton in a sentence
Each of the Actual Free Cash Flow, the Actual Cost Per Ton, Actual EBITDA and Actual Production.
The following phrase: “(or in the case of Actual Cost Per Ton, equals or is less than)” shall be deleted from Section 3(b)(ii) and (iii) and Section 4(a)(iv).
For the avoidance of doubt, if each of the Performance Actuals for a particular fiscal year equal or exceed (or in the case of Actual Cost Per Ton, equals or is less than) the applicable Performance Target, then twenty percent (20%) of the Shares subject to the Performance Option shall vest and become exercisable on the Accelerated Vesting Date for such fiscal year.