Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Shulin Su

Employment Forms

  • Employment Agreement. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
  • Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
  • Commission Agreement. 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.
  • Executive Employment Agreement. 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.
  • Sales Representative Contract. 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.
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                           PETROCHINA COMPANY LIMITED

<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



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)

                              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
                              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)
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.