人力资源论文之股权激励英文版41456.doc

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1、Evaluation Warning: The document was created with Spire.Doc for .NET.XXXXX大学学毕业论文附 录学 生 姓 名名 XXXX 指 导 教 师师 XXXX 专 业 人力资源管管理 学 院 管理学院 2009年6月月8日XXX UniiversiityAppendiixStudentt xxxxxxxxx Superviisor xxxx Speciallty Human Resouurces Managgementt School MManageement Schoool 2009-006-08原文Managemment oo

2、f lissted ccompannies iin equuity-bbased incenntivessCHAPTERR IGenerall Artiicle1. To furtther ppromotte thee estaablishhment of a listeed commpany, a soound iincenttive aand reestraiint meechaniisms, accorrding to PPeoplees Reepubliic of Chinaa Comppany LLaw, the Securritiess Act of Peeoples Reppub

3、licc of CChina and otherr releevant laws and aadminiistrattive rregulaationss, thee deveelopmeent off thiss apprroach. Artiicle2. The terrm reffers tto shaares oof lissted ccompannies iincenttives to thhe commpanys shaares bbeing the ssubjecct of its ddirecttors, superrvisorrs, seenior managgementt

4、and otherr stafff to carryy out long-term incenntivess. Lissted ccompannies tto be restrrictedd stocck, sttock ooptionns andd the laws and aadminiistrattive rregulaationss to aallow the iimplemmentattion oof othher meeans oof equuity iincenttive pplans, the appliicatioon of the pprovissions of thhis

5、 appproacch. Arrticlee3. Listedd comppanyss equiity inncentiive pllan immplemeentatiion, iit shoould bbe in line with the llaws aand addminisstratiive reegulattions, the methoods annd thee provvisionns of the AArticlles off Assoociatiion annd is conduucive to thhe susstainaable ddeveloopmentt of lli

6、stedd comppaniess, andd mustt not harm the iintereests oof lissted ccompannies. Direcctors of liisted compaanies, supeervisoors annd sennior mmanageers inn the impleementaation of eqquity incenntive planss shouuld bee honeesty aand trrustwoorthinness, diliggence, and safegguard the iintereests oof a

7、lll sharreholdders. Articcle4. Listed compaanies to immplemeent eqquity incenntive plan shoulld be in sttrict accorrdancee withh the relevvant pprovissions and rrequirrementts of this approoach tto infformattion ddiscloosure obliggationns to fulfiill. AArticlle5. For lissted ccompannies iissuedd equ

8、iity inncentiive pllan viiews oof proofessiional bodiees, shhould be hoonestyy, truustworrthineess, ddiligeence, to ennsure that the ddocumeent isssued by trrue, aaccuraate annd commpletee. Artticle66. No perrson sshall make use oof equuity iincenttive pplans insidder trradingg, priice maanipullatio

9、nn of ssecuriities transsactioons annd seccuritiies frraud.Chapterr II GGeneraal proovisioons Arrticlee7. Listed compaanies, one of thhe folllowinng cirrcumsttancess shalll be the iimplemmentattion oof equuity iincenttive pplans: (a) In thhe lasst fisscal yyear aa finaanciall accoountinng repport nn

10、egatiive oppinionn issuued byy a ceertifiied puublic accouuntantt to eexpresss an opiniion orr are unablle to auditt repoorts; (b) tthe reecent majorr viollationns durring tthe yeear duue to irreggulariities by thhe Chiina Seecuritties RRegulaatory Commiissionn to bbe an adminnistraative penallty; (

11、c) off the Chinaa Secuuritiees Reggulatoory Coommisssion ffinds that the oother casess. Artticle88. Equity incenntive plan targeet of incenntivess may incluude thhe dirrectorrs of listeed commpaniees, suuperviisors, seniior maanagemment, the ccore ttechnoology (busiiness), as well as coompaniies thh

12、at shhould inspiire otther eemployyees, but iindepeendentt direectorss shouuld noot be incluuded. The ffollowwing iincenttives may nnot bee the objecct: (aa) In the llast 33 yearrs by stockk or aannounnce puubliclly conndemneed as inapppropriiate ccandiddates; (b) the llast 33 yearrs duee to mmajor

13、violaationss of llaw viiolatiions bby thee Chinna Seccuritiies Reegulattory CCommisssion to bee of aan admministtrativve pennalty; (iiii) Peeoples Reppublicc of CChina Compaany Laaw shhall bbe proovidedd as tthe coompanyys diirectoors, ssupervvisorss, sennior mmanageement situaationss. Equuity iince

14、nttive pplan ffor coonsideeratioon by the bboard of diirectoors, bboard of suuperviisors of liisted compaanies shoulld be to veerify the llist oof inccentivves, aand too veriify thhe sittuatioon to be inn thatt geneeral mmeetinng of shareeholdeers. AArticlle9. Incenttive ffor diirectoors, ssupervvis

15、orss, sennior mmanageers off listted coompaniies shhould estabblish a perrformaance aappraiisal ssystemm and assesssmentt methhods, indiccatorss for perfoormancce apppraisaal plaan forr the impleementaation of thhe connditioons off equiity-baased iincenttives. Artiicle100. Listedd comppaniess willl

16、not be alllowedd to sstimullate tthe taarget equitty inccentivve plaan in accorrdancee withh the rightts of accesss to loanss, as well as anny othher foorm off finaanciall assiistancce, inncludiing prrovidiing seecuritty forr theiir loaans. AArticlle11. To the impleementaation of eqquity incenntive

17、planss of llistedd comppaniess, bassed onn the actuaal sittuatioon of the CCompanny, thhroughh the folloowing sourcces too resoolve tthe suubjectt of ssharess: (i) objeect too the incenntive to isssue ssharess; (b) repuurchasse thee sharres off the Compaany; (c) thhe lawws andd admiinistrrativee reg

18、uulatioons too alloow thee otheer wayy. Artticle112. All lissted ccompannies eeffecttive eequityy inceentivee plann invoolved bringging tthe tootal nnumberr of ssharess the subjeect coompanyy shalll nott exceeed 100% of the ttotal sharee capiital. Non-ssharehholderrs geenerall meetting aapprovved a

19、speciial reesoluttion oof anyy objeect thhroughh a fuull annd efffectivve inccentivve equuity iincenttive pplan oof thee Comppany ggranteed a ttotal stockk equiity off the compaany shhall nnot exxceed 1% off the totall. Firrst paaragraaph off thiss artiicle, seconnd parragrapph refferredd to tthe to

20、otal sshare capittal reefers to thhe mosst reccent ggeneraal meeeting of shharehoolderss apprroved equitty inccentivve plaans off the compaanys issueed shaare caapitall of tthe tootal. Articcle13. Listed compaanies shoulld be in thhe equuity iincenttive pplan oon thee folllowingg mattters oor staate

21、mennts maade cllear tthat: (i) tthe puurposee of eequityy inceentivee planns; (bb) bassed onn inceentivee to iidentiify thhe objject aand sccope; (c) tthe eqquity incenntive plan to grrant tthe riights and iintereests oof thee numbber off invoolved in thhe subbject of sttock ssourcees, tyypes, quant

22、tity aand eqquity of liisted compaanies accouunted for aa perccentagge of the ttotal; if aat timmes thhe impplemenntatioon of each of thhe rigghts aand innteressts too be ggranteed thee numbber off sharres innvolveed in the ttype oof subbject, sourrce, vvolumee and accouunted for tthe tootal eequity

23、y of llistedd comppaniess perccentagge; (dd) inccentivves foor dirrectorrs, suuperviisors, seniior maanagemment aand thheir rrespecctive rightts andd inteerestss to bbe givven thhe nummber oof, orr equiity inncentiive pllan too grannt thee righhts annd intterestts of the ppercenntage of thhe tottal;

24、 oother incenntivess objeects (or thheir aapproppriatee classsificcationn) mayy be ddelegaate reepreseentingg the interrests of thhe quaantityy and equitty inccentivve plaan to grantt the rightts andd inteerestss of tthe peercenttage oof thee totaal; (ee) thee valiidity of eqquity incenntive planss

25、authhorizee the days, righht feaasiblee, thee subjject oof stoock loock-upp periiod; (f) thhe graant off resttricteed stoock prrice oor Detterminnationn of ggrant pricee, thee stocck opttion eexerciise prrice oor exeercisee pricce detterminnationn; (g) authhorizeed thee targget inncentiive beenefitt

26、s, thhe rigght coonditiions, such as peerformmance appraaisal systeem andd asseessmennt metthods, and to peerformmance appraaisal indiccatorss for the iimplemmentattion oof equuity-bbased incenntivess scheeme; (h) eqquity incenntive plan rightts andd inteerestss invoolved in thhe nummber oof thee ta

27、rgget ammount of shhares, exerrcise pricee or ggrant pricee adjuustmennt metthods and pproceddures; (i) the rrightss and incenntivess grannted tthe riight oof thee targget liine prroceduures; (10) Compaany annd enccouraggementt of ttheir respeectivee righhts annd oblligatiions oof thee objeect; (xi)

28、 cchangees in contrrol off the compaany, mmergerr, sepparatiion, jjob chhange occurrred iincenttive ttargett, sepparatiion, ddeath matteer howw the impleementaation of eqquity incenntive planss; (xiii) chhangess in eequityy inceentivee plann, terrminatted; (xiii) otheer impportannt mattters. Artiicl

29、e144. Occurrrence of a listeed commpany in Arrticlee VII of thhis appproacch to one oof thee casees, shhould put aan endd to tthe immplemeentatiion off equiity inncentiive pllans, may nnot obbject to thhe inccentivve to contiinue tto graant neew rigghts aand innteressts off the targeet inccentivve u

30、ndder thhe equuity iincenttive pplan hhave bbeen ggranteed butt not yet eexerciised bby thee exerrcise of thhe rigghts aand innteressts shhould be diisconttinuedd. Equuity iincenttive pplans in thhe impplemenntatioon proocess of thhis appproacch mottivatee the targeet apppears in Arrticlee VIIII sha

31、lll nott be tthe caase thhe objject oof inccentivves, tthe liisted compaanies shalll conttinue to grrant tthe riights and iintereests, and iits haas beeen graanted but nnot yeet exeerciseed by the eexerciise off the rightts andd inteerestss shouuld bee disccontinnued. Articcle15. Target incenntive t

32、o trransfeer theeir inncome throuugh thhe equuity iincenttive pplan ssharess, it shoulld be in liine wiith reelevannt lawws andd admiinistrrativee reguulatioons annd thee provvisionns of this approoach.Chapterr III Restrrictedd stocck Artticle116. The terrm inccentivve resstrictted sttock iis thee o

33、bjeect inn accoordancce witth thee equiity inncentiive pllan prrovidees forr the condiitionss obtaained from the llistedd comppaniess a ceertainn numbber off sharres off the Compaany. AArticlle17. Listed compaanies targeet inccentivve awaard reestriccted sstock, equiity inncentiive pllans sshouldd b

34、e pprovidded foor thee objeect grrantedd inceentivee stocck perrformaance ccondittions, the ban pperiodd. Artticle118. Listed compaanies to thhe stoock maarket as a benchhmark to deetermiine thhe priice off resttricteed stoock awwardedd in tthe foollowiing peeriod shalll not objecct to the ggrant of

35、 sttock iincenttives: (i) priorr to tthe puublicaation of peeriodiic repports on thhe 30tth; (bb) a mmatterr of ssignifficantt trannsactiions oor majjor deecisioon-makking pprocesss to the mmatterr Notiice twwo dayys aftter; (c) Thhe othher maajor eevent that may aaffectt the sharee pricce on the dd

36、ate oof annnounceement untill two tradiing daays.Chapterr IV SStock optioons Arrticlee19. The terrm reffers tto thee listting oof stoock opptionss grannted iincenttive ttargetts witthin aa certtain pperiodd of ttime iin thee futuure inn ordeer to pre-ddetermmined purchhase pprice and ccondittions of

37、 a certaain nuumber of shhares of thhe Commpanys rigghts. Objeccts caan be the iincenttive sstock optioons grrantedd duriing thhe perriod sspeciffied iin a ppre-deetermiined ppurchaase prrice aand coonditiions oof a ccertaiin nummber oof shaares oof lissted ccompannies ccan allso giive upp the right

38、ts. Taarget incenntive stockk optiions ggranteed shaall noot be transsferabble orr usedd to gguaranntee rrepaymment oof debbt. Arrticlee20. The boaard off direectorss of llistedd comppaniess can be coonsideered iin acccordannce wiith thhe appprovall of ssharehholderrs of the GGeneraal Asssemblyy of

39、tthe sttock ooptionns, annd deccided to grrant aa one-time or inn the awardding oof stoock opptionss, butt out of a totall grannt of stockk optiions rrelateed to the ssubjecct of sharees shaall noot excceed tthe tootal aamountt of sstock optioon plaans off the subjeect innvolveed in the ttotal stock

40、k. artticle221. Authoriized oon stoock opptionss and stockk optiions aare grrantedd the rightt linee on tthe fiirst ttime, the iintervval beetweenn not less than 1 yeaar. Sttock ooptionns on the vvalidiity off the calcuulatioon froom thee authhorizaation may nnot exxceed 10 yeears. articcle22.In the

41、 life of sttock ooptionns, liisted compaanies shoulld proovide incenntivess targget thhe rigght liine inn phasses. SStock optioons Affter tthe vaaliditty perriod hhas beeen grrantedd the rightt linee but not tthe sttock ooptionns mayy not be thhe rigght liine. AArticlle23. Listed compaanies in thhe

42、awaard off inceentivee stocck opttions when the ttargett shouuld bee to ddetermmine eexerciise prrice oor exeercisee pricce detterminnationn. Exeercisee pricce shoould nnot bee lesss thann the higheer of the ffollowwing ppricess: (i) equiity inncentiive pllan prrior tto thee publlicatiion off the dr

43、aftt summmary oof thee comppany ttradinng dayy clossing pprice of thhe subbject sharees; (bb) thee equiity inncentiive pllan prrior tto thee publlicatiion off the draftt summmary oof 30 tradiing daays off the compaany avveragee clossing pprice of thhe subbject. Artiicle244. Shares of liisted compaan

44、ies due tto thee subjject oof ex-dividdend, dividdend oor othher reeasonss needd to aadjustt the exerccise pprice or thhe nummber oof stoock opptionss, stoock opption planss in aaccorddance with the pprovissions of thhe priinciplles annd wayys to adjusst. Thhe bassis off the abovee listted coompanii

45、es thhe rigght too adjuust thhe triip priice orr the numbeer of stockk optiions sshouldd be mmade bby thee boarrd of direcctors and tthe shharehoolderss genneral meetiing too conssider approoval oof thee resoolutioon, orr by tthe shharehoolderss of tthe Geenerall Asseembly decidded too authhorizee t

46、he Boardd of DDirecttors. Lawyeers shhould be onn the abovee adjuustmennt is consiistentt withh thiss apprroach, the compaany chharterr and the pprovissions of sttock ooptionn planns isssued bby proofessiional advicce to the BBoard of Diirectoors. AArticlle25. Listed compaanies in thhe folllowinng perriod sshall not oobjectt to iincenttive sstock optioons grrantedd to: (i) pprior to thhe pubblicattion oof perriodicc repoorts oon thee 30thh; (b) a maatter of siignifiicant transsactioons orr majoor deccisionn-makiing prrocesss in aa mattter off notiice too the two ttradinng