Common use of Performance Incentive Clause in Contracts

Performance Incentive. 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 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 ACQ Such incentive shall be operative after three years from the date of signing the FSA. 3.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 3.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 3.12.1 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 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 90%-of between 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 FSA95% of ACQ. 3.12.2 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 3.12.14.10.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 3.12.1 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 II 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 90% of ACQ Such incentive shall be operative after three years from the date of signing the FSA. . 3.12.2 4.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 3.12.14.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 3.12.1 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 II 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 90%-of between 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 FSA95% of ACQ. 3.12.2 4.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 3.12.14.12.1, except the Multiplier, shall apply pro-rata.

Performance Incentive. 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 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 90%-of between 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 FSA95% of ACQ. 3.12.2 With respect to part of Year in which term of this Agreement begins or ends, the relevant quantities in Clause 3.12.1, except the Multiplier, shall apply pro-rata.