1999 LONG-TERM PERFORMANCE INCENTIVE PLAN
OF FREEPORT-McMoRan COPPER & GOLD INC.
PURPOSE OF PLAN
SECTION 1.1. The purpose of the 1999 Long-Term Performance Incentive Plan of Freeport-McMoRan
Copper & Gold Inc. (the "Plan") is to provide incentives for senior executives and other service providers whose
performance in fulfilling their responsibilities can have a major impact on the profitability and future growth of
Freeport-McMoRan Copper & Gold Inc. (the "Company") and its subsidiaries.
ADMINISTRATION OF THE PLAN
SECTION 2.1. Subject to the authority and powers of the Board of Directors in relation to the Plan as
hereinafter provided, the Plan shall be administered by a Committee designated by the Board of Directors
consisting of two or more members of the Board.
The Committee shall have full authority to interpret the Plan and from time to time to adopt such rules and
regulations for carrying out the Plan as it may deem best; provided, however, that the Committee may not
exercise any authority otherwise granted to it hereunder if such action would have the effect of increasing the
amount of any credit to or payment from the Performance Award Account of any Covered Officer. All
determinations by the Committee shall be made by the affirmative vote of a majority of its members, but any
determination reduced to writing and signed by a majority of the members shall be fully as effective as if it had
been made by a majority vote at a meeting duly called and held. All decisions by the Committee pursuant to the
provisions of the Plan and all orders or resolutions of the Board of Directors pursuant thereto shall be final,
conclusive and binding on all persons, including but not limited to the Participants, the Company and its
subsidiaries and their respective equity holders.
ELIGIBILITY FOR AND GRANT OF PERFORMANCE AWARDS
SECTION 3.1. Subject to the provisions of the Plan, the Committee may from time to time select any of the