Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Wende Duan

Employment Forms

Employment Contract. 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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              YEAR 2003 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF
                           PETROCHINA COMPANY LIMITED

<TABLE>
<S>                                                      <C>                                <C>
Offeree: Name: DUAN, Wende                               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     20%     %                8.38
                        capital of PetroChina (ROIC)
                        ------------------------------------------------------------------------------------------------------------
                        Net income of PetroChina (NI)      10%     In million RMB   34,280
                        ------------------------------------------------------------------------------------------------------------
                        Total profit of refining and
                        marketing business& chemical and
                        marketing business

                        Refining and marketing business    20%     In million RMB   2,130

                        Chemical and marketing business                             60
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Cash processing cost for per ton   8%      RMB Yuan/ton     100
                        of oil
                        ------------------------------------------------------------------------------------------------------------
                        Cash marketing cost for per ton    7%      RMB Yuan/ton     249
                        of oil
                        ------------------------------------------------------------------------------------------------------------
                        Percentage of the finished oil     10%     %                44 (excluding direct
                        as retailed                                                 supply)
                        ------------------------------------------------------------------------------------------------------------
                        Decrease rate of unit product      8%      %                3
                        cash cost

                        Unit chemical marketing cash cost  7%      Yuan/ton         59.3

                        Receivables of refining and
                        marketing business & chemical      5%      %                Per Shiyoucaizi [2001] 311
                        and marketing business

                        Gap between actual capital         5%      %                +/- 5
                        expenditures and budget for
                        refining and marketing business
                        & chemical and marketing business
------------------------------------------------------------------------------------------------------------------------------------
Indices to Be Put       Quality safety and environmental   Accidents involving death                          Comprehensive
under Control           protection of PetroChina           < or = 0.05 persons/million man-hours;             performance expressed
                                                           Extraordinary quality accidents involving          in marks to be reduced
                                                           social effects = 0;                                by 5 marks if
                                                           Extraordinary accidents involving environmental    exceeding target of
                                                           pollution < or = 5                                 the index put under
                                                                                                              control.
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