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Supplemental Retirement Plan

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WHEREAS, Arch Mineral Corporation previously adopted the Arch Mineral Corporation Supplemental Retirement Plan ("Arch Mineral Plan"); and


WHEREAS, Arch Mineral Corporation reserved the right to amend the Arch Mineral Plan pursuant to Section 5.G thereof; and


WHEREAS, Arch Mineral Corporation changed its name to Arch Coal, Inc. ("Company") so that the Company is the successor to Arch Mineral Corporation; and


WHEREAS, effective January 1, 1998, the Company desires to amend the Arch Mineral Plan and change its name to the Arch Coal, Inc. Supplemental Retirement Plan ("Plan");


NOW, THEREFORE, effective January 1, 1998, the Arch Mineral Plan is amended and restated in its entirety as follows:


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SECTION 1
DEFINITIONS


A. "Code" means the Internal Revenue Code of 1986, as amended.


B. "Committee" means the committee appointed pursuant to Section 4.


C. "Company" means Arch Coal, Inc., a Delaware corporation.


D. "Deferred Vested Pension" means the monthly benefit for life payable under the Pension Plan to a Participant whose employment terminates before he is eligible for an Early Retirement Pension or Normal Retirement Pension and who has a vested entitlement to benefits under the Pension Plan. Such monthly benefit shall be calculated as of the first day of the month on which the Participant would first be entitled to a monthly Deferred Vested Benefit for life under the Pension Plan.


E. "Early Retirement Pension" means the monthly benefit for life payable under the Pension Plan commencing as of the first day of the month coinciding with or next following the date he attains age fifty-five (55) but is less than age sixty-five (65), has ten years of Pension Credited Service, and ceases employment with the Employer other than by death.


F. "Eligible Spouse" means the Participant's surviving spouse (if any) to whom the Participant has been married for the full year ending on the Participant's date of death.


G. "Employee" means a person who is classified as a salaried employee by the Employer and who is a participant in the Retirement Plan.


H. "Employer" means the Company or any of its subsidiaries which adopts the Plan with the consent of the Company and of which the majority of the issued and outstanding voting stock is owned directly or indirectly by the Company.


I. "Normal Retirement Pension" means the monthly benefit for life payable to a Participant under the Pension Plan commencing as of the first day of the month coinciding with or next following the date the Participant attains age sixty-five (65).


J. "Participant" means an Employee who has satisfied the eligibility requirements of Section 2.


K. "Pension Credited Service" means a Participant's service for vesting purposes under the Pension Plan.


L. "Pension Plan" as above stated means the Arch Coal, Inc. Retirement Account Plan as in effect on December 31, 1997.


M. "Plan" means this Arch Coal, Inc. Supplemental Retirement Plan.


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N. "Postponed Retirement Pension" means the monthly benefit for life payable to a Participant under the Pension Plan commencing as of the first day of the month coinciding with or next following the Participant's termination of employment after attaining age sixty-five (65).


O. "Retirement Plan" as above stated means the Arch Coal, Inc. Retirement Account Plan.


SECTION 2
ELIGIBILITY


Any individual who was a Participant in this Plan on December 31, 1997 shall continue as a Participant on January 1, 1998. On or after January 1, 1998, each Employee whose benefits under the Pension Plan or Retirement Plan are limited by operation of Code Section 415 or Code Section 401(a)(17) shall be a Participant in this Plan on the later of January 1, 1998 or the date the Employee's Pension Plan or Retirement Plan benefits are first limited by Code Section 415 or Code Section 401(a)(17).


SECTION 3
BENEFITS


Any Participant who terminated employment with the Company before January 1, 1998 or otherwise is not an Employee on January 1, 1998 shall be entitled to receive benefits in accordance with Section 3.A of the Plan. A Participant who is employed by the Company on or after January 1, 1998 shall be entitled to receive benefits in accordance with Section 3.B of the Plan.


A. BENEFITS FOR PENSION PLAN PARTICIPANTS NOT EMPLOYED ON OR AFTER
JANUARY 1, 1998.


1. Benefits shall be payable under this Section 3.A of the Plan only to those Participants whose benefits under the Pension Plan (a) have been reduced on account of the limitations of Section 415 of the Code, or (b) are limited on account of the limitation on compensation under Section 401(a)(17) of the Code. The amount of benefits payable under this Section 3.A.1 shall equal the excess (if any) of:


(i) the amount which would have been payable to the Participant under the Pension Plan as a Normal Retirement Pension (or a Deferred Vested Pension, Early Retirement Pension, or Postponed Retirement Pension, if applicable), without regard to the limitations of Section 415 of the Code and without regard to the limitation on compensation under Section 401(a)(17) of the Code, over


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(ii) the benefit the Participant would be entitled to receive under the Pension Plan as a Normal Retirement Pension (or a Deferred Vested Pension, Early Retirement Pension, or Postponed Retirement Pension, if applicable), taking into account the limitations under Sections 415 and 401(a)(17) of the Code.


Benefits under this
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