Operating Costs and Expenses

Operating Costs and Expenses. Has the meaning assigned in Item 6 of the Form 10-K filed with the Securities and Exchange Commission by the Waste Management, Inc. on February 20, 2004, exclusive of Depreciation and Amortization. And, for purposes of this Award, Operating Costs and Expenses shall be calculated in accordance with the accounting pronouncements, polices and classifications used in that Form 10-K.

Operating Costs and Expenses. Meaning assigned such term by the Company in publicly filed financial statements during the Performance Period, exclusive of Depreciation and Amortization.

Operating Costs and Expenses. Total operating costs as reported in publicly filed financial statements during the Performance Period, exclusive of Depreciation and Amortization.