PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Wende Duan
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 VICE PRESIDENT OF PETROCHINA COMPANY LIMITED <TABLE> <S> <C> <C> Offeree: Name: DUAN, Wende Offeror: Name: CHEN, Geng Term of the Contract: January 1, 2003 to December 31, 2003 Title: Vice President of PetroChina Company Limited Title: President of PetroChina ("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 invested 20% % 8.38 capital of PetroChina (ROIC) ------------------------------------------------------------------------------------------------------------ Net income of PetroChina (NI) 10% In million RMB 34,280 ------------------------------------------------------------------------------------------------------------ Total profit of refining and marketing business& chemical and marketing business Refining and marketing business 20% In million RMB 2,130 Chemical and marketing business 60 ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices Cash processing cost for per ton 8% RMB Yuan/ton 100 of oil ------------------------------------------------------------------------------------------------------------ Cash marketing cost for per ton 7% RMB Yuan/ton 249 of oil ------------------------------------------------------------------------------------------------------------ Percentage of the finished oil 10% % 44 (excluding direct as retailed supply) ------------------------------------------------------------------------------------------------------------ Decrease rate of unit product 8% % 3 cash cost Unit chemical marketing cash cost 7% Yuan/ton 59.3 Receivables of refining and marketing business & chemical 5% % Per Shiyoucaizi [2001] 311 and marketing business Gap between actual capital 5% % +/- 5 expenditures and budget for refining and marketing business & chemical and marketing business ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put Quality safety and environmental Accidents involving death Comprehensive under Control protection of PetroChina < or = 0.05 persons/million man-hours; performance expressed Extraordinary quality accidents involving in marks to be reduced social effects = 0; by 5 marks if Extraordinary accidents involving environmental exceeding target of pollution < or = 5 the index put under control. ------------------------------------------------------------------------------------------------------------------------------------