企业发展，离不开经营高手团队的努力付出。对高管的股权激励，实际上是通过利益的分割与让渡，让企业管理层由代理人角色转 换成为企业的所有者，通过利益绑定的方式，提高高管的归属感与忠诚感，增强他们的凝聚力和向心力。目前，上市公司高管常见的激 励方式包括以下3种。

Enterprise development is inseparable from the efforts of the management expert team. In fact, the equity incentive for senior executives is to transform the corporate management from the role of agent to the owner of the enterprise through the division and transfer of interests, and improve the sense of belonging and loyalty of senior executives and enhance their cohesion and centripetal force through the way of interest binding. At present, there are three common incentive methods for executives of listed companies.

1.股票期权激励法。

1. Stock option incentive method.

目前，在大型企业中，已经有89%的企业对高管实施了股票期权激励方案，其来源可能是大股东出让，也可能是定向增发，或者是公 司从二级市场上进行回购。

At present, 89% of large enterprises have implemented stock option incentive schemes for senior executives, which may come from the transfer of major shareholders, private placement, or the company's repurchase from the secondary market.

2.股票增值权法。

2. Stock appreciation right method.

股票增值权法是上市公司授予高管在一定时间和条件下获得规定数量股票价格上升所带来的收益权利的方法。高管不拥有这些股票 所有权，也不拥有股东表决权和配股权。同时，股票增值权也不能用于转让和担保、偿还债务等。这种激励方法由于不以增加股票发 行作为前提，通常不会影响到企业的控制权比例。

The method of stock appreciation right is the method that listed companies grant senior executives the right to gain the income brought by the rise of the price of a specified number of shares in a certain time and under certain conditions. Senior executives do not own the ownership of these shares, nor do they own the voting rights and rights to allot shares to shareholders. At the same time, the stock appreciation right cannot be used for transfer, guarantee, debt repayment, etc. This incentive method usually does not affect the proportion of control rights of enterprises because it does not take the increase of stock issuance as the premise.

3.限制性股票。

3. Restricted stock.

上市公司按照预先确定的条件，对高管授子一定数量的本公司股票，高管只有在工作年限或业绩目标符合激励计划的条件后，才能 出售这些股票并从中获得收益。

The listed company grants a certain number of shares of the company to senior executives in accordance with predetermined conditions. Senior executives can sell these shares and gain profits from them only after their working years or performance goals meet the conditions of the incentive plan.

上市公司对高管进行股权激励前如果没有做好准备，不应盲目引入股权激励方式，而是要谨慎制定相关策略，避免因为对高管的激 励而导致公开市场上的担忧，进而造成“激活高管、压制员工和小股民”的恶果。

If a listed company does not prepare for the equity incentive for senior executives, it should not blindly introduce the equity incentive method, but should carefully formulate relevant strategies to avoid the fear in the public market caused by the incentive for senior executives, which will lead to the consequences of "activating senior executives, suppressing employees and small shareholders".

非上市公司在对高管进行股份激励并予以注册之前，须对其业绩、资质加以评估，明确其是否具备应有的条件。例如，高管是否 已经为企业服务应有年限、与领导是否已经相当熟悉了解、其人品是否得到广泛承认等。此外，高管所获得的股份须要花钱购买，其 预付定金-般占全款的5%至10%之间，且不得退还。

Non-listed companies must evaluate their performance and qualifications to determine whether they have the necessary conditions before offering stock incentives to senior executives and registering them. For example, whether the senior executives have served the enterprise for a certain number of years, whether they have been quite familiar with the leaders, and whether their character has been widely recognized. In addition, the shares acquired by senior executives need to be purchased with money, and the advance deposit generally accounts for between 5% and 10% of the total amount, and cannot be refunded.

无论是上市公司还是非上市公司，其进行山东股权激励的意图是打造优良的经理人队伍，而不是让一-批丧失进取心的人担任领导。 因此，领导在设计和实施股权激励方案时，既要保证利益的分享体制，也要设计风险分担机制和退出机制，让股权激励的初衷得以贯彻 。更多内容就来我们网站http://www.guquanzhanlue.com咨询吧！

Whether listed companies or non-listed companies, the intention of Shandong equity incentive is to build a good team of managers, rather than let a group of people who have lost their enterprising spirit serve as leaders. Therefore, when designing and implementing the equity incentive plan, leaders should not only ensure the benefit sharing system, but also design the risk sharing mechanism and exit mechanism, so that the original intention of equity incentive can be implemented. Come to our website for more information http://www.guquanzhanlue.com Ask!