“延期支付激励计划”是指公司为激励计划参与者设计一套长期激励计划，在公司的经营业绩达到预先设定的目标时，以税后利润为基数计算一定比例，按财政部有关规定列支，用作激励计划參与者的股权激励基金，但此部分股权激励收入不在当年发放，而是将其中的部分资金用于购买公司股票，另一部分用作惩罚备用金，在一-定期限后，以公司股票形式或根据届时股票价值以企业现金方式支付给激励计划参与者。

"Deferred payment incentive plan" refers to a long-term incentive plan designed by the company for the participants of the incentive plan. When the company's operating performance reaches the pre-set goals, a certain proportion is calculated based on the after tax profits, disbursed according to the relevant provisions of the Ministry of finance, and used as the equity incentive fund for the participants of the incentive plan. However, this part of the equity incentive income is not distributed in the current year, but part of the funds are used to purchase the company's shares, The other part is used as a penalty reserve, which will be paid to the participants of the incentive plan in the form of company shares or in the form of corporate cash according to the value of the shares at that time.

激励对象:股权激励基金授予公司高中层管理人员(外部懂事除外)、控股子公司的经营层和管理、技术、营销骨干。

Incentive object: the equity incentive fund is granted to the company's senior management (except external directors), the management and management, technology and marketing backbone of the holding subsidiary.

确定一个科学合理的业绩目标和评估体系，如果公司实现了良好的业绩，则激励对象可以获得股权激励基金及风险收人，使其的人力资本市场价值得以实现。

Determine a scientific and reasonable performance objectives and evaluation system. If the company achieves good performance, the incentive objects can obtain equity incentive funds and risk income, so that their human capital market value can be realized.

股权激励基金的提取:只有在公司实现业绩目标的情况下，才能提取股权激励基金对激励对象实施激励，股权激励基金按财政部有关规定列支。

Withdrawal of equity incentive fund: the equity incentive fund can be withdrawn only when the company has achieved the performance objectives to encourage the incentive objects. The equity incentive fund shall be disbursed in accordance with the relevant provisions of the Ministry of finance.

股权激励基金的分配原则:综合考虑激励对象个人所担任岗位的重要性和个人绩效评估结果，公平合理地分配激励基金。

Distribution principle of equity incentive fund: the incentive fund shall be distributed fairly and reasonably by comprehensively considering the importance of the position held by the incentive object and the results of personal performance evaluation.

作为股权激励计划的一种模式，本质也是一种工具，风险收益、激励和约束对等，将激励对象的利益和股东、公司的利益紧密捆绑，减少了经理人的短期行为，有利于长期激励，留住并吸引人才。

As a model of equity incentive plan, it is also a tool in nature. Risk return, incentive and constraint are equal, which closely binds the interests of incentive objects with the interests of shareholders and the company, reduces the short-term behavior of managers, is conducive to long-term incentive, and retains and attracts talents.

约束性较股票期权模式强。在股票期权模式下，如果股票价格下跌，则激励对象可以放弃行权来保证自己的利益不受损失，损失的无非是时间成本。而延期支付计划中，只要公司股价不下跌，激励对象肯定会有利益损失，只有通过努力工作提升公司业绩促使公司股价不下跌才能保证自己的利益不受损失。

It is more restrictive than the stock option model. In the stock option mode, if the stock price falls, the incentive object can give up the exercise to ensure that their interests will not be lost. The loss is nothing but the time cost. In the deferred payment plan, as long as the company's share price does not fall, the incentive object will certainly have a loss of interest. Only by working hard to improve the company's performance and keep the company's share price from falling can we ensure that our own interests will not be lost.

捆绑期限较长。延期支付的期限在中国一般设置为3-5年，在美国甚至设置为退休之后。可以用现金方式对经理人的利益进行长期捆绑，这样可以有效地防止经理人的短期行为。

The binding period is long. The term of deferred payment is generally set at 3-5 years in China, and even after retirement in the United States. Cash can be used to bind the interests of managers for a long time, which can effectively prevent managers' short-term behavior.

可操作性强、简便，应用前景非常广泛。如果将延期支付计划当作一种设计思路的话，可以将延期支付和其他任何一种模式相结合，创造出新的股权激励模式。更多相关内容的获取您可以来关注网站www.guquanzhanlue.com咨询！

It is easy to operate and has a wide application prospect. If the deferred payment plan is taken as a design idea, it can be combined with any other model to create a new equity incentive model. For more information, you can follow the website www.guquanzhanlue Com consulting!