PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Baohe Liu
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: LIU, Baohe 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 20% % 8.38 capital of PetroChina (ROIC) Net income of PetroChina (NI) 10% In million RMB 34,280 Total profit from exploration 20% In million RMB 45,680 and production companies ------------------------------------------------------------------------------------------------------------------------------------ Operating Indices Unit operating cost for oil and 15% USD/barrel-of-equivalent 4.29 gas (BOE) Total quantity of crude oil 10% In thousand tons 103,000 produced Rate of reserves replacement 15% % 102 Receivables of exploration 5% % Per Shiyoucaizi and production businesses [2001] 311 Gap between the actual capital 5% % +/- 5 expenditure and budget for exploration and production businesses ------------------------------------------------------------------------------------------------------------------------------------ Indices to Be Put under Quality safety and environmental Accidents involving death Comprehensive Control protection (exploration and < or = 0.05 persons/million man-hours; performance expressed production businesses) Extraordinary quality accidents involving social in marks to be reduced effects = 0; by 5 marks if exceeding Extraordinary accidents involving environmental target of the index put pollution < or = 5 under control. ------------------------------------------------------------------------------------------------------------------------------------