PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Guoliang 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 CFO OF PETROCHINA COMPANY LIMITED <TABLE> <S> <C> <C> Offeree: Name: WANG, Guoliang 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 30% % 8.38 capital of PetroChina (ROIC) Net income of PetroChina (NI) 15% In million RMB 34,280 Free cash flow of PetroChina 15% In million RMB 3,880 (FCF) ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices Cost for capital raising 10% In million RMB 5% or more lower than the base interest rate as stipulated by the State ------------------------------------------------------------------------------------------------------ Receivables 15% % Per Shiyoucaizi [2001] 311 ------------------------------------------------------------------------------------------------------ Balance of RMB deposits 5% In million RMB 14,000 ------------------------------------------------------------------------------------------------------ Performance rate of the 10% % 100 financial Budget indices ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put under Safety rate of capital No case involving capital loss exceeding Comprehensive Control operation RMB500,000 performance expressed in marks to be reduced by 5 marks if exceeding target of the index put under control. ------------------------------------------------------------------------------------------------------------------------------------ </TABLE> Signature of Offeree: /s/ WANG GUOLIANG Signature of Offeror: /s/ CHEN GENG ----------------- -----------------