Common use of Performance Incentive Clause in Contracts

Performance Incentive. 4.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ in a particular Year, The Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Simple average of the Base Prices of Grades, as shown in Schedule III Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.0001 for Additional Deliveries above 90% of ACQ Such incentive shall be operative after three years from the date of signing the FSA. . 4.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 4.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 4.12.1 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, The the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Simple average The Base Price of the Base Prices of GradesHighest Grade, as shown in Schedule III II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.0001 0.15 for Additional Deliveries above 90between 90%-95% of ACQ Such incentive shall be operative after three years from the date and 0.30 for Additional Deliveries in excess of signing the FSA. 95% of ACQ. 4.12.2 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.12.14.10.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 4.12.1 3.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ in a particular Year, The Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Simple average of the Base Prices of Grades, as shown in Schedule III II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.0001 for Additional Deliveries above 90% of 90%-of ACQ Such incentive shall be operative after three years from the date of signing the FSA. . 4.12.2 3.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 4.12.13.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 4.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ in a particular Year, The Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Simple average of the Base Prices of Grades, as shown in Schedule III Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.0001 0.15 for Additional Deliveries above 90between 90%-95% of ACQ Such incentive shall be operative after three years from the date and 0.30 for Additional Deliveries in excess of signing the FSA. 95% of ACQ. 4.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 4.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 4.12.1 3.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ in a particular Year, The Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Simple average of the Base Prices of Grades, as shown in Schedule III II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.0001 0.15 for Additional Deliveries above 90between 90%-95% of ACQ Such incentive shall be operative after three years from the date and 0.30 for Additional Deliveries in excess of signing the FSA. 95% of ACQ. 4.12.2 3.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 4.12.13.12.1, except the Multiplier, shall apply pro-rata.