Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Geng Chen

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.
  • More Employment Agreements

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<S>                                                  <C>                                    <C>
Offeree: Name: CHEN, Geng                            Offeror: Name: MA, Fucai               Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003
Title:   President of PetroChina Company Limited     Title:   Chairman of the Board of
         ("PetroChina")                                       Directors of 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         40%       %                       8.38
                                 invested capital of
                                 PetroChina (ROIC)

                                 Net income of PetroChina      20%       In million RMB          34,280

                                 Free cash flow of             15%       In million RMB          3,880
                                 PetroChina (FCF)
Operating Indices                Sales revenue per capita      10%       In thousand RMB/person  501,9

                                 Rate of reserves              10%       %                       102

                                 Performance indices
                                 fulfillment rate for HR,       5%       %                       100
                                 supervision and audit

Indices to Be Put                Total number of employees     < or = 420,000                                    Comprehensive
under Control                                                                                                    performance
                                                                                                                 expressed in marks
                                                                                                                 to be reduced
                                 Safety                        Accidents involving death                         by 10 marks if
                                                               < or = 0.05 persons/million man-hours             exceeding target of
                                                                                                                 the index put
                                                                                                                 under control.