EX-4.17 11 u98151exv4w17.txt 2001 PERFORMANCE CONTRACT BTW ZHANG XINZHI & CO. Exhibit 4.17 YEAR 2001 PERFORMANCE CONTRACT WITH VICE PRESIDENT OF PETROCHINA COMPANY LIMITED AND GENERAL MANAGER OF PETROCHINA CHEMICALS & MARKETING COMPANY Offeree: Name: ZHANG, Xinzhi Offeror: Name: HUANG, Yan Term of the Contract: January 1, 2001 to December 31, 2001 Title: Vice President of PetroChina Title: President of PetroChina Company Company Limited ("PetroChina") Limited Date of Execution: January 16, 2001 and General Manager of PetroChina CHEMICALS & Marketing Company
ACTUAL INDICES KEY PERFORMANCE INDICES (KPI) WEIGHT MEASUREMENT TARGET PERFORMANCE ------- ----------------------------- ------ ----------- ------ ----------- Profits Indices Gross profit Petro China 5% In thousand RMB 61,000,000 PetroChina Chemicals & Marketing 35% In thousand RMB 200,680 Company 2.33 Rate of return of the invested 20% % capital of PetroChina Chemicals & Marketing Company(ROIC) Operating Indices Proportion of total cash cost to 20% % 77.80 sales revenue * Percentage of chemical products as 10% % 25 directly sold Rate of differentiation 5% % 26 Receivables 5% % 20% lower than the amount at the beginning of the year
Indices to Be Put under Control Quality safety and Quality accidents Comprehensive environmental reported by the news performance protection media at the expressed in marks provincial-level = to be reduced by 10 0; marks if exceeding target of the index Accidents involving put under control. death < or = 0.05 persons/million man-hours; accidents involving economic loss exceeding RMB 1 million = 0; environmental pollution accidents involving economic loss exceeding RMB 200,000 = 0.
* The difference between the target proportion of total cash cost to sales revenue and the actual one shall not exceed plus or minus 5%. Signature of Offeree: s/Zhang Xinzhi Signature of Offeror: s/Huang Yan -------------- ------------