PetroChina Co. Ltd. Contracts
Sample Business Contracts
Performance Contract - PetroChina Co. Ltd. and Shulin Su
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 SENIOR VICE PRESIDENT OF
PETROCHINA COMPANY LIMITED
<TABLE>
<S> <C> <C>
Offeree: Name: Su, Shulin Offeror: Name: CHEN, Geng Term of the Contract: January 1, 2003 to
December 31, 2003
Title: Senior Vice President of PetroChina Title: President of PetroChina
Company 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 of nature gas and
pipeline business & international
(exploration and development)
business
Nature gas and pipeline business 20% In million RMB 720
International (exploration and
development) business 316
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices Gap between actual capital 10% % +/- 5
expenditures and budget of
PetroChina
------------------------------------------------------------------------------------------------------------------------------------
Science and technology & 10% % 85
information indices of PetroChina
West-East Gas Transmission 20% % 100
operation as planned
Receivables of nature gas and 10% % Per Shiyoucaizi
pipeline business & international [2001] 311
(exploration and development)
business
------------------------------------------------------------------------------------------------------------------------------------
Indices to Be Put under Quality safety and environmental Material accidents involving condenser tube, Comprehensive
Control protection (nature gas and booster and fire = 0; performance
pipeline business & international Extraordinary quality accidents involving expressed in marks
exploration and development social effects =0; to be reduced by 5
business) Extraordinary accidents involving environmental marks if exceeding
pollution < or = 5 target of the index
put under control.
------------------------------------------------------------------------------------------------------------------------------------