LeEco's "most generous" employee equity incentive is officially launched

On November 18, all LeEco employees received an email titled "The All-Staff Incentive Plan is Officially Launched", which means that the long-rumored All-Staff Equity Incentive Plan of LeEco has finally been implemented. In the afternoon of the same day, LeEco held the first batch of equity incentive award ceremonies within the company, and the first batch of grantees from various companies such as LeEco Holdings, LeEco Cloud Computing, and LeEco Sports signed relevant equity award agreements.

Internal emails from all employees detail the content and characteristics of LeEco's employee incentive plan, including the "most" incentive plan with the "spirit of the partner","the most generous incentive amount","the most thorough value sharing" and "the most" Ecological characteristics and motivational economic benefits ".

From the specific content of the employee equity incentive plan, we can see that LeEco's employee equity incentive plan is indeed very generous and innovative. LeEco Holdings (Global) will allocate 50% of its original total share capital as the total equity incentive amount, which is very rare in Chinese and foreign corporate circles. In principle, employees do not need to invest in purchases, but its innovation is reflected in the fact that no matter whether the employee belongs to a business subsidiary or LeEco Holdings, the ultimate value of incentives will come from the overall improvement of ecological value! It is understood that the specific operation is that employees not only enjoy the incentives of their own business, but also enjoy the incentives of the overall ecology. The two incentives are the greater to always ensure that employees enjoy the greatest economic benefits and ensure the implementation of LeEco's collaborative counter-culture!

According to a person in charge of a world-renowned consulting firm, the founder of a company can share half of the company's equity with employees during the first equity incentive, and unlike other companies, the scope of enjoyment of equity incentives is still limited to a certain proportion and level. LeEco has achieved a true sense of employee incentive this time, and its generosity is second to none in the Chinese and foreign business circles.

At the awarding ceremony of the first batch of equity incentives, the employees who received the award generally expressed their joy and excitement."I have only been in LeTV for two years. I have seen the LeTV ecosystem developing at an alarming rate. I feel very honored to be awarded the first batch of equity incentives this time. With LeTV's development speed, I still can't imagine how high the value of my shares will reach after LeTV Holdings is listed as a whole." One employee of LeEco Holdings who was awarded the award said,"Thank you to the company and the boss for being so generous. I will definitely work harder in the future."

It is understood that after nearly two years of rapid development, the entire LeEco Group currently has nearly 8,000 employees. LeEco's business has expanded from the original video website LeE.com to super TV, super mobile phone, LeESports, LeEco Cloud Computing, LeEco has become a very large-scale Internet technology enterprise group in many fields such as film industry and super cars. Founder Jia Yueting announced at the beginning of the year that he would achieve full shareholding this year. Half of the equity in the non-listed sector will be distributed to all employees. Now, Jia Yueting has fulfilled his promise and made LeEco the most generous Internet company in China to its employees.

It is reported that due to the characteristics of LeEco's eco-enterprise, the formulation of this employee incentive plan is quite complicated. It took half a year and was finally formed after dozens of plan demonstrations and model optimizations. The generosity and innovative nature of the all-staff incentive plan will further guarantee the ecological organizational structure of LeEco's coexistence of management-based organizations and project-based organizations and the corporate culture of ecological collaboration.

The following is the full text of the emails from all LeEco employees: The

LeEco employee incentive plan is officially launched

Dear students:

2015 is a year of rapid development of LeEco's ecosystem. We are fully committed with a great pioneering spirit, and the ecological LeEco is showing its vitality. Value creation and appeal are flying on the journey to become a global world-class company.

As a LeTV person, in addition to constantly changing people's Internet lifestyle, we are also involved in the great cause of improving the human living environment. The vibrant LeEco ecosystem provides us with a stage to express ourselves. We are trying new challenges every day and growing into ecological talents that cannot be replicated in the industry.

The implementation of ecological strategies and businesses requires the support of ecological organizations and the catalysis of ecological incentives! Today, LeEco will officially launch an unprecedented employee incentive plan, inviting you to become the owner of LeEco's equity incentives and share the value and benefits brought by the rapid growth of LeEco's ecosystem!

Now, let's unveil the mystery of this all-employee incentive plan:

the incentive plan with the most "partner" spirit

is based on common market practice. More companies 'equity incentives are not for all employees. In our equity incentive plan, every regular LeEco employee can enjoy equity incentives and share the value of ecological growth if they meet basic threshold conditions!

The most generous incentive amount

, the total incentive amount of LeEco Holdings (Global), is 50% of the original total share capital, which is extremely rare in the entire industry.

The most thorough value sharing

is different from the incentive principle of other companies that "employees enjoy the added value of the company". This time, LeEco's equity incentive employees basically do not need to invest in, which means that the income is close to the full value of the shares!

The most ecological characteristics and motivational economic benefits

In order to promote ecological synergy, employees not only enjoy the incentives of their own business, but also enjoy the incentives of the overall ecology. The greater of the two incentives is the one to always ensure that employees enjoy the greatest economic benefits!

How to get this most attractive incentive?

After joining the company and becoming a regular employee, you will receive incentives. Incentives are effective in four years, with 25% effective in each year. The actual effective ratio is linked to individual performance, strengthening the performance orientation of incentives. At the same time, those with excellent future performance will have the opportunity to receive additional awards.

How to get a higher reward for incentive value?

As long as you devote yourself fully and work hard in a collaborative spirit, the incentive value you will gain will become higher and higher as the ecological value increases rapidly.

Next, let's take a look at the threshold conditions for obtaining all employees 'incentives:

1. Regular employees whose performance was B or above in the previous assessment period.

2. Highly agree with LeEco's ecological culture/values/vision.

3. There were no major violations, violations of discipline, corruption, etc. during his tenure.

From the date of issuance of this notice, the first batch of equity incentives will be awarded one after another.

As President Jia said,"LeEco's ecological dream requires a group of true ecological Heroes. I believe this unprecedented incentive plan will take our dream further."

Therefore, the rapid growth of LeEco's business and the efficient collaboration of its ecosystem will create greater value in your full investment!

From today on, for the LeTV that you and I both have, let's cheer together!

LeEco Human Resources

November 18, 2015

Editor: vian