我们先来看一下股权回购的含义是什么？根据百度百科的解释，股权回购是指有限责任公司回购股东持有的本公司股权。目的是保证异议股东的退出，实现公司的持续稳定经营。

Let's first take a look at the meaning of equity repurchase? According to Baidu Baike, equity repurchase refers to the repurchase of the Company's equity held by shareholders by limited liability companies. The purpose is to ensure the withdrawal of dissenting shareholders and achieve the continuous and stable operation of the company.

当然，这种导致股权回购产生的原因既有公司层面的原因也有个人层面的原因。所以不管是公司创始股东也好，还是在对员工进行股权激励后的员工股东也罢，这都需要考虑到股权回购的存在，在股权激励的一开始就要弄一份股回购协议。

Of course, there are both corporate and personal reasons for the occurrence of equity buybacks. So whether it's the founding shareholder of the company or the employee shareholder who has been incentivized with equity, it's necessary to consider the existence of equity buyback. At the beginning of the equity incentive, a stock buyback agreement should be obtained.

为什么要进行股权回购？

Why is equity buyback necessary?

如何处理离职员工手中的股权激励？是人力资本化时代企业家都需要面对的课题。济南合伙设计公司提醒，一般来说，在员工与公司的股权合同中，都会事先对退股条件和情形进行约定，退股时直接根据约定处理，白纸黑字，条理清晰。而合同没有约定或约定不完善的，则需要按照法律法规处理，这样容易产生一系列不必要的纠纷。

How to handle equity incentives in the hands of departing employees? It is a topic that entrepreneurs need to face in the era of human capital. Jinan Partnership Design Company reminds that generally speaking, in the equity contract between employees and the company, the conditions and circumstances of withdrawal will be stipulated in advance. When withdrawing, it will be handled directly according to the agreement, in black and white, with clear organization. If there is no agreement or incomplete agreement in the contract, it needs to be handled in accordance with laws and regulations, which can easily lead to a series of unnecessary disputes.

在股权激励中，退出的机制虽说是非常基本和必不可少的一个环节，但股加加在实操的过程中却屡屡看到企业在这方面做得不好，终带来了不少麻烦也往往让企业付出沉重的代价。

In equity incentives, although the mechanism of exit is a very basic and essential link, the practice of stock addition often leads to companies not doing well in this area, which ultimately brings many troubles and often makes companies pay a heavy price.

在我们服务过众多企业的股权激励项目中，特别是也别是高新技术企业，这些企业有一个很明显的特征就是对人才的高度依赖，所以这种公司也造就了企业对员工股权激励的高额使用。

Among the equity incentive projects we have served in many enterprises, especially high-tech enterprises, a clear characteristic of these enterprises is their high dependence on talent, which has also led to the high use of employee equity incentives by enterprises.

然后，股权激励看似很简单，但实际操作起来，在实施工程中就显得没那么容易了，很多企业家由于缺乏具体的实施经验，又没有人士的指引，会在这过程中屡屡掉坑，一步步陷下去，甚至还会付出高昂的成本乃至惨痛的代价。

However, equity incentives may seem simple, but in practice, they may not be as easy to implement in engineering projects. Many entrepreneurs, due to a lack of specific implementation experience and professional guidance, will repeatedly fall into the trap and even pay high or even painful costs in the process.

如果员工离职了，释放出去的股权到底还能不能要回来？答案肯定是要的，凭什么？我们不能轻视股权的重要性，“人走股留待下任”这是股权正确的做法；“人走股走”是糟糕的做法。

If an employee resigns, can the released equity still be reclaimed? The answer is definitely yes, why? We cannot underestimate the importance of equity. 'People taking stock and leaving it to the next generation' is the correct approach to equity; It is a bad practice for people to follow the stock market.

可能有人会说，我们应该靠什么方式把这些股权拿回来呢？答案是：协议！很多企业在小的时候不重视股权，等公司慢慢做大了，才意识到股权的重要性，但是仍然会存在忽视“离职回购”的重要性，到时候后悔已来不及。

Some people may say, how should we get these equity back? The answer is: Agreement! Many enterprises do not attach importance to equity when they are young, and only realize the importance of equity when the company gradually grows larger. However, there is still a tendency to overlook the importance of 'buyback after resignation', and it is too late to regret it.

股权激励是个综合学科，是一个大系统，绝对不能只有“进入机制”而缺乏“退出机制”。退出机制的科学设置才能使股权激励真正发挥效能，可以防范员工躺在股权上睡觉。

Equity incentive is a comprehensive discipline and a large system, and it cannot only have an "entry mechanism" without an "exit mechanism". The scientific setting of the exit mechanism can truly exert the effectiveness of equity incentives and prevent employees from sleeping on equity.

所以，我们在企业实施股权激励的过程中，始终都要强调激励与约束的双向并行。既要做到对员工的激励，同时也要约束好员工。这就需要企业拥有长期可动态的、可调整的股权激励制度。

So, in the process of implementing equity incentives in enterprises, we always emphasize the bidirectional parallelism of incentives and constraints. We must not only motivate employees, but also constrain them well. This requires enterprises to have a long-term dynamic and adjustable equity incentive system.

在对员工激励的同时必须做到对应的约束，要有约束机制的存在才不会出现“人走股走，离职不回购”的现象。当然，这种约束可能表现为对某些股东权利行使方面的限制，以及对应的考核，直至对员工股权的剥夺。更多相关事项就来我们网站http://www.guquanzhanlue.com咨询！

While incentivizing employees, corresponding constraints must be implemented, and there must be a constraint mechanism in place to avoid the phenomenon of "people taking stock and leaving without repurchase". Of course, this constraint may manifest as restrictions on the exercise of certain shareholder rights, as well as corresponding assessments, up to the deprivation of employee equity. For more related matters, come to our website http://www.guquanzhanlue.com consulting service