Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Baohe Liu

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: 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
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<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
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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
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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.
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