人力资源论文之股权激励英文版gmkv.doc

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1、Evaluation Warning: The document was created with Spire.Doc for .NET.XXXXXX大学毕业业论文附 录学 生 姓姓 名 XXXX 指 导 教教 师 XXXX 专 业 人力资源源管理 学 院 管理学院 2009年年6月8日XXX UUniveersittyAppenndixStudent xxxxxxx Supervisor xxx Specialty Human Resources Management School Management School 20099-06-08原文Managgemennt off lissted

2、 comppaniees inn equuity-baseed inncenttivessCHAPTTER IIGenerral AArticcle1. To fuurtheer prromotte thhe esstabllishmment of aa lissted comppany, a ssoundd inccentiive aand rrestrraintt mecchaniisms, acccordiing tto PPeoplles Repuublicc of Chinna Coompanny Laaw, thee Seccuritties Act of PPeoplles Re

3、puublicc of Chinna aand ootherr rellevannt laaws aand aadminnistrrativve reegulaationns, tthe ddevellopmeent oof thhis aapprooach. Artticlee2. The tterm refeers tto shharess of listted ccompaaniess inccentiives to tthe ccompaanyss shaares beinng thhe suubjecct off itss dirrectoors, supeervissors, se

4、nnior manaagemeent aand ootherr staaff tto caarry out longg-terrm inncenttivess. Liistedd commpaniies tto bee resstriccted stocck, sstockk opttionss andd thee lawws annd addminiistraativee reggulattionss to alloow thhe immplemmentaationn of otheer meeans of eequitty inncenttive planns, tthe aappliic

5、atiion oof thhe prrovissionss of thiss appproacch. AArticcle3. Listted ccompaanyss equuity inceentivve pllan iimpleementtatioon, iit shhouldd be in lline withh thee lawws annd addminiistraativee reggulattionss, thhe meethodds annd thhe prrovissionss of the Artiicless of Assoociattion and is cconduuc

6、ivee to the susttainaable deveelopmment of llisteed coompannies, andd musst noot haarm tthe iinterrestss of listted ccompaaniess. Diirecttors of llisteed coompannies, supperviisorss andd sennior manaagerss in the impllemenntatiion oof eqquityy inccentiive pplanss shoould be hhonessty aand ttrusttwor

7、tthineess, diliigencce, aand ssafegguardd thee intteressts oof alll shharehholdeers. Artiicle44. Listeed coompannies to iimpleementt equuity inceentivve pllan sshoulld bee in striict aaccorrdancce wiith tthe rrelevvant provvisioons aand rrequiiremeents of tthis apprroachh to infoormattion discclosuu

8、re oobliggatioons tto fuulfilll. AArticcle5. For llisteed coompannies issuued eequitty inncenttive plann vieews oof prrofesssionnal bbodiees, sshoulld bee honnestyy, trrustwworthhinesss, ddiliggencee, too enssure thatt thee doccumennt isssuedd by truee, acccuraate aand ccompllete. Artticlee6. No ppe

9、rsoon shhall makee usee of equiity iincenntivee plaans iinsidder ttradiing, pricce maanipuulatiion oof seecuriitiess traansacctionns annd seecuriitiess fraaud.Chaptter III Geeneraal prrovissionss Artticlee7. Listeed coompannies, onee of the folllowinng ciircummstannces shalll bee thee impplemeentatt

10、ion of eequitty inncenttive planns: (a) IIn thhe laast ffiscaal yeear aa finnanciial aaccouuntinng reeportt neggativve oppinioon isssuedd by a ceertiffied publlic aaccouuntannt too exppresss an opinnion or aare uunablle too auddit rreporrts; (b) the receent mmajorr vioolatiions duriing tthe yyear du

11、e to iirreggularritiees byy thee Chiina SSecurritiees Reegulaatoryy Commmisssion to bbe ann admminisstrattive penaalty; (c) of the Chinna Seecuriitiess Reggulattory Commmissiion ffindss thaat thhe otther casees. AArticcle8. Equitty inncenttive plann tarrget of iincenntivees maay inncludde thhe diire

12、cttors of llisteed coompannies, supperviisorss, seeniorr mannagemment, thee corre teechnoologyy (buusineess), as welll as comppaniees thhat sshoulld innspirre otther emplloyeees, bbut iindeppendeent ddirecctorss shoould not be iincluuded. Thee folllowiing iincenntivees maay noot bee thee objject: (a

13、) In the lastt 3 yyearss by stocck orr annnouncce puubliccly ccondeemnedd as inappproppriatte caandiddatess; (bb) thhe laast 33 yeaars ddue tto maajor viollatioons oof laaw viiolattionss by the Chinna Seecuriitiess Reggulattory Commmissiion tto bee of an aadminnistrrativve peenaltty; (iii) Peeoplees

14、 RRepubblic of CChinaa Commpanyy Laww shhall be pproviided as tthe ccompaanyss dirrectoors, supeervissors, sennior manaagemeent ssituaationns. EEquitty inncenttive plann forr connsideeratiion bby thhe booard of ddirecctorss, booard of ssuperrvisoors oof liistedd commpaniies sshoulld bee to veriify t

15、the llist of iincenntivees, aand tto veerifyy thee sittuatiion tto bee in thatt gennerall meeetingg of sharrehollderss. Arrticlle9. Inceentivve foor diirecttors, supperviisorss, seeniorr mannagerrs off lissted comppaniees shhouldd esttabliish aa perrformmancee apppraissal ssysteem annd asssesssmentt

16、 metthodss, inndicaatorss forr perrformmancee apppraissal pplan for the impllemenntatiion oof thhe coondittionss of equiity-bbasedd inccentiives. Artticlee10. Listted ccompaaniess willl noot bee alllowedd to stimmulatte thhe taargett equuity inceentivve pllan iin acccorddancee witth thhe riightss of

17、 acceess tto looans, as welll as any otheer foorm oof fiinanccial assiistannce, inclludinng prrovidding secuurityy forr theeir lloanss. Arrticlle11. To thhe immplemmentaationn of equiity iincenntivee plaans oof liistedd commpaniies, baseed onn thee acttual situuatioon off thee Commpanyy, thhrouggh t

18、hhe foollowwing sourrces to rresollve tthe ssubjeect oof shharess: (ii) obbjectt to the inceentivve too isssue ssharees; (b) rrepurrchasse thhe shharess of the Comppany; (c) thee lawws annd addminiistraativee reggulattionss to alloow thhe otther way. Artticlee12. All llisteed coompannies effeectivve

19、 eqquityy inccentiive pplan invoolvedd briinginng thhe tootal numbber oof shharess thee subbjectt commpanyy shaall nnot eexceeed 100% off thee tottal ssharee cappitall. Noon-shharehholdeers geneeral meetting apprrovedd a sspeciial rresollutioon off anyy objject throough a fuull aand eeffecctivee inc

20、centiive eequitty inncenttive plann of the Comppany grannted a tootal stocck eqquityy of the comppany shalll noot exxceedd 1% of tthe ttotall. Fiirst paraagrapph off thiis arrticlle, sseconnd paaragrraph refeerredd to the totaal shhare capiital refeers tto thhe moost rrecennt geeneraal meeetinng off

21、 shaarehoolderrs appprovved eequitty inncenttive planns off thee commpanyys iissueed shhare capiital of tthe ttotall. Arrticlle13. Listeed coompannies shouuld bbe inn thee equuity inceentivve pllan oon thhe foollowwing mattters or sstateementts maade cclearr thaat: (i) tthe ppurpoose oof eqquityy in

22、ccentiive pplanss; (bb) baased on iincenntivee to idenntifyy thee objject and scoppe; (c) tthe eequitty inncenttive plann to grannt thhe riightss andd intteressts oof thhe nuumberr of invoolvedd in the subjject of sstockk souurcess, tyypes, quaantitty annd eqquityy of listted ccompaaniess acccountte

23、d ffor aa perrcenttage of tthe ttotall; iff at timees thhe immplemmentaationn of eachh of the righhts aand iinterrestss to be ggrantted tthe nnumbeer off shaares invoolvedd in the typee of subjject, souurce, vollume and accoounteed foor thhe tootal equiity oof liistedd commpaniies pperceentagge; (d)

24、 iincenntivees foor diirecttors, supperviisorss, seeniorr mannagemment and theiir reespecctivee rigghts and inteerestts too be giveen thhe nuumberr of, or equiity iincenntivee plaan too graant tthe rrightts annd inntereests of tthe pperceentagge off thee tottal; otheer inncenttivess objjectss (orr t

25、heeir aapproopriaate cclasssificcatioon) mmay bbe deelegaate rrepreesentting the inteerestts off thee quaantitty annd eqquityy inccentiive pplan to ggrantt thee rigghts and inteerestts off thee perrcenttage of tthe ttotall; (ee) thhe vaalidiity oof eqquityy inccentiive pplanss autthoriize tthe ddays

26、, rigght ffeasiible, thee subbjectt of stocck loock-uup peeriodd; (ff) thhe grrant of rrestrricteed sttock pricce orr Dettermiinatiion oof grrant pricce, tthe sstockk opttion exerrcisee priice oor exxerciise ppricee dettermiinatiion; (g) authhorizzed tthe ttargeet inncenttive beneefitss, thhe riight

27、 condditioons, suchh as perfformaance apprraisaal syystemm andd asssessmment methhods, andd to perfformaance apprraisaal inndicaatorss forr thee impplemeentattion of eequitty-baased inceentivves sschemme; (h) eequitty inncenttive plann rigghts and inteerestts innvolvved iin thhe nuumberr of the targ

28、get aamounnt off shaares, exeercisse prrice or ggrantt priice aadjusstmennt meethodds annd prrocedduress; (ii) thhe riightss andd inccentiives grannted the righht off thee tarrget linee prooceduures; (100) Coompanny annd enncourragemment of ttheirr resspecttive righhts aand oobliggatioons oof thhe o

29、bbjectt; (xxi) cchangges iin coontrool off thee commpanyy, meergerr, seeparaationn, joob chhangee occcurreed inncenttive targget, sepaaratiion, deatth maatterr howw thee impplemeentattion of eequitty inncenttive planns; (xii) chaangess in equiity iincenntivee plaan, ttermiinateed; (xiiii) otther imp

30、oortannt maatterrs. AArticcle144. Occuurrennce oof a listted ccompaany iin Arrticlle VIII off thiis appproaach tto onne off thee casses, shouuld pput aan ennd too thee impplemeentattion of eequitty inncenttive planns, mmay nnot oobjecct too thee inccentiive tto coontinnue tto grrant new righhts aand

31、 iinterrestss of the targget iincenntivee undder tthe eequitty inncenttive plann havve beeen ggrantted bbut nnot yyet eexerccisedd by the exerrcisee of the righhts aand iinterrestss shoould be ddiscoontinnued. Equuity inceentivve pllans in tthe iimpleementtatioon prrocesss off thiis appproaach mmoti

32、vvate the targget aappeaars iin Arrticlle VIIII sshalll nott be the casee thee objject of iincenntivees, tthe llisteed coompannies shalll coontinnue tto grrant the righhts aand iinterrestss, annd itts haas beeen ggrantted bbut nnot yyet eexerccisedd by the exerrcisee of the righhts aand iinterrestss

33、 shoould be ddiscoontinnued. Artticlee15. Targeet inncenttive to ttranssfer theiir inncomee thrroughh thee equuity inceentivve pllan ssharees, iit shhouldd be in lline withh rellevannt laaws aand aadminnistrrativve reegulaationns annd thhe prrovissionss of thiss appproacch.Chaptter IIII RRestrrictee

34、d sttock Artiicle116. The tterm inceentivve reestriictedd stoock iis thhe obbjectt in accoordannce wwith the equiity iincenntivee plaan prroviddes ffor tthe ccondiitionns obbtainned ffrom the listted ccompaaniess a ccertaain nnumbeer off shaares of tthe CCompaany. Artiicle117. Listeed coompannies ta

35、rgget iincenntivee awaard rrestrricteed sttock, equuity inceentivve pllans shouuld bbe prrovidded ffor tthe oobjecct grranteed inncenttive stocck peerforrmancce coondittionss, thhe baan peeriodd. Arrticlle18. Listeed coompannies to tthe sstockk marrket as aa bennchmaark tto deetermmine the pricce of

36、f resstriccted stocck awwardeed inn thee folllowiing pperiood shhall not objeect tto thhe grrant of sstockk inccentiives: (i) priior tto thhe puubliccatioon off perriodiic reeportts onn thee 30tth; (b) aa mattter of ssigniificaant ttranssactiions or mmajorr deccisioon-maakingg proocesss to the mattt

37、er NNoticce twwo daays aafterr; (cc) Thhe otther majoor evvent thatt mayy afffect the sharre prrice on tthe ddate of aannouuncemment untiil twwo trradinng daays.Chaptter IIV Sttock optiions Artiicle119. The tterm refeers tto thhe liistinng off stoock ooptioons ggrantted iincenntivee tarrgetss witthi

38、n a ceertaiin peeriodd of timee in the futuure iin orrder to ppre-ddeterrmineed puurchaase ppricee andd connditiions of aa cerrtainn nummber of ssharees off thee Commpanyys rrightts. OObjeccts ccan bbe thhe inncenttive stocck opptionns grranteed duuringg thee perriod speccifieed inn a ppre-ddeterrmi

39、need puurchaase ppricee andd connditiions of aa cerrtainn nummber of ssharees off lissted comppaniees caan allso ggive up tthe rrightts. TTargeet inncenttive stocck opptionns grranteed shhall not be ttranssferaable or uused to gguaraanteee reppaymeent oof deebt. Artiicle220. The bboardd of direector

40、rs off lissted comppaniees caan bee connsideered in aaccorrdancce wiith tthe aapprooval of sshareeholdders of tthe GGenerral AAssemmbly of tthe sstockk opttionss, annd deecideed too graant aa onee-timme orr in the awarrdingg of stocck opptionns, bbut oout oof a totaal grrant of sstockk opttionss rel

41、latedd to the subjject of ssharees shhall not exceeed tthe ttotall amoount of sstockk opttion planns off thee subbjectt invvolveed inn thee tottal sstockk. arrticlle21. Authoorizeed onn stoock ooptioons aand sstockk opttionss aree graantedd thee rigght lline on tthe ffirstt timme, tthe iinterrval be

42、twween not lesss thaan 1 yearr. Sttock optiions on tthe vvaliddity of tthe ccalcuulatiion ffrom the authhorizzatioon maay noot exxceedd 10 yearrs. aarticcle222.In thhe liife oof sttock optiions, lissted comppaniees shhouldd proovidee inccentiives targget tthe rrightt linne inn phaases. Stoock ooptio

43、ons AAfterr thee valliditty peeriodd hass beeen grranteed thhe riight linee butt nott thee stoock ooptioons mmay nnot bbe thhe riight linee. Arrticlle23. Listeed coompannies in tthe aawardd of inceentivve sttock optiions whenn thee tarrget shouuld bbe too dettermiine eexerccise pricce orr exeercisse

44、 prrice deteerminnatioon. EExerccise pricce shhouldd nott be lesss thaan thhe hiigherr of the folllowinng prricess: (ii) eqquityy inccentiive pplan prioor too thee pubblicaationn of the drafft suummarry off thee commpanyy traadingg dayy cloosingg priice oof thhe suubjecct shharess; (bb) thhe eqquity

45、y inccentiive pplan prioor too thee pubblicaationn of the drafft suummarry off 30 tradding dayss of the comppany averrage clossing pricce off thee subbjectt. Arrticlle24. Sharees off lissted comppaniees duue too thee subbjectt of ex-ddividdend, divvidennd orr othher rreasoons nneed to aadjusst thhe

46、exxerciise ppricee or the numbber oof sttock optiions, stoock ooptioon pllans in aaccorrdancce wiith tthe pproviisionns off thee priincipples and wayss to adjuust. The basiis off thee aboove llisteed coompannies the righht too adjjust the tripp priice oor thhe nuumberr of stocck opptionns shhouldd be madee by the boarrd off dirrectoors aand tthe sshareeholdders gennerall meeetingg to conssiderr appprovaal off thee ressoluttion, or by tthe sshareeholdders of tthe GGenerral AAssemmbly deciided to aauthoorizee thee Boaard oof Diirecttors. Lawwyerss shoould be oon thhe