PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Geng Chen
Employment Forms
- Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
- Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
- Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
- Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
- Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
- More Employment Agreements
YEAR 2003 PERFORMANCE CONTRACT WITH PRESIDENT OF PETROCHINA COMPANY LIMITED <TABLE> <S> <C> <C> Offeree: Name: CHEN, Geng Offeror: Name: MA, Fucai Term of the Contract: January 1, 2003 to December 31, 2003 Title: President of PetroChina Company Limited Title: Chairman of the Board of ("PetroChina") Directors of PetroChina Date of Execution: January 18, 2003 </TABLE> <TABLE> <CAPTION> INDICES KEY PERFORMANCE INDICES WEIGHT MEASUREMENT TARGET ACTUAL (KPI) PERFORMANCE ------------------------------------------------------------------------------------------------------------------------------------ <S> <C> <C> <C> <C> <C> Profits Indices Rate of return of the 40% % 8.38 invested capital of PetroChina (ROIC) Net income of PetroChina 20% In million RMB 34,280 (NI) Free cash flow of 15% In million RMB 3,880 PetroChina (FCF) ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices Sales revenue per capita 10% In thousand RMB/person 501,9 Rate of reserves 10% % 102 replacement Performance indices fulfillment rate for HR, 5% % 100 supervision and audit ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put Total number of employees < or = 420,000 Comprehensive under Control performance expressed in marks to be reduced Safety Accidents involving death by 10 marks if < or = 0.05 persons/million man-hours exceeding target of the index put under control. ------------------------------------------------------------------------------------------------------------------------------------