PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Fucheng Wang
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: WANG, Fucheng Offeror: Name: CHEN, Geng Term of the Contract: January 1, 2003 to December 31, 2003 Title: Vice President of PetroChina Company Title: President of PetroChina Limited ("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 25% % 8.38 capital of PetroChina (ROIC) ------------------------------------------------------------------------------------------------------ Net income of PetroChina (NI) 15% In million RMB 34,280 ------------------------------------------------------------------------------------------------------ Free cash flow of PetroChina (FCF) 10% In million RMB 3,880 ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices E-commerce procurement 20% In million RMB 10,000 ------------------------------------------------------------------------------------------------------ Rate of implementation of legal 10% % 10,000 affair work plans ---------------------------------- Fulfillment of performance indices 10% % 10,000 for President Office and foreign affairs ------------------------------------------------------------------------------------------------------ Capital Market and auditing 10% % Qualified ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put under Material legal fault Fault rate for all the economic contracts Comprehensive Control concerning the headquarter and the contracts performance expressed above RMB50 million concerning regional in marks to be reduced companies = 0 by 5 marks if exceeding target of the index put under control. ------------------------------------------------------------------------------------------------------------------------------------ </TABLE> Signature of Offeree: /s/ WANG FUCHENG Signature of Offeror: /s/ CHEN GENG ----------------- ---------------