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When analyzing the ESO project of many enterprises in china, you will discover that most of them are just analogues to ESO. The scheme is that most of the bonus is turned to stock and the beneficiary cannot choose whether to buy or not. The criterion for distribution is the achievements of managers made in the past time, not success in the future.

然而,我国目前的市场环境和企业状况还不适应发达国家的成熟模式,从我国企业实行经理股票期权的方案设计和实施特点来看,他们所采用的只是"股票奖励"计划,是一种股票化的奖金,把奖金的大部分转作了公司的股票,受益人不能选择是否购买,实质上是依据企业和经营者过去的业绩来确定他们的期股收入,而不是面向未来的激励,它并非真正意义上的经理股票期权,二者在效果上有很大差距。

If not amended by the single book system should also serve notice to show that the beneficiary refused.

若没有按修改书制单,应由受益人另具通知书以示拒绝。

Article 14 After the death of an employee or retiree, the balance of his individual enterprise annuities account shall be drawn out in a lump sum by the beneficiary or legal heir designated by him.

第十四条职工或退休人员死亡后,其企业年金个人帐户余额由其指定的受益人或法定继承人一次性领取。

IN CASE OF SHIPMENT IN CONTAINER A CERTIFICATE ISSUED BY THE BENEFICIARY STATING THAT A LABEL WITH NAME AND FAX/CABLE/TELEX ADDRESS OF THE APP ...

如果用集装箱发运,由受益人出具一份证书写明:具有申请人的名称和传真/电报地址的标签和一份箱单复印件已经被固定在集装箱门的内侧部分。

CHARTER PARTY B/L AND THIRD PARTY document S ARE ACCEPTABLE.

租赁提单和第三受益人文件可以接受。

The bank accepts that the beneficiary's address reflected above as the beneficiary's domo cilium citandi etever utandi for all purposes in connection with this guarantee and notices shall be sent by registered post or hand – delivered to the domicilium address.

银行确认受益人上述的地址作为与此保函相关的所有联系目的之用,所有的通知都将通过邮递或专人递交的方式送到上述地址。

The insured or the beneficiary of the direct insurance shall not claim for the indemnity or payment of the insurance benefits from the reinsurer.

原保险的被保险人或者受益人,不得向再保险接受人提出赔偿或者给付保险金的请求。

Article 26 With respect to insurance other than life insurance, the rights of the insured or the beneficiary to claim for indemnity or payment of the insurance benefits shall expire if the insured or the beneficiary fails to exercise his/her rights to claim within two (2) years from the date when the

第二十六条人寿保险以外的其他保险的被保险人或者受益人,对保险人请求赔偿或者给付保险金的权利,自其知道保险事故发生之日起二年不行使而消灭。

Article 22 When a claim for indemnity or payment of the insurance benefits is lodged with the insurer after the occurrence of an insured event, the applicant, the insured or the beneficiary shall, to the best of their knowledge and ability, provide the insurer with evidence and information which is relevant

第二十二条保险事故发生后,依照保险合同请求保险人赔偿或者给付保险金时,投保人、被保险人或者受益人应当向保险人提供其所能提供的与确认保险事故的性质、原因、损失程度等有关的证明和资料。

Article 27 With respect to insurance other than life insurance, the right of the insured or the beneficiary to claim for indemnity or payment of insurance benefits shall lapse if the insured or the beneficiary fails to exercise such right within two years from the date the insured or the beneficiary is aware of the occurrence of the insured event.

第二十七条人寿保险以外的其他保险的被保险人或者受益人,对保险人请求赔偿或者给付保险金的权利,自其知道保险事故发生之日起二年不行使而消灭。

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The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

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