股權激勵咨詢認為員工持股方案是一種機制，還是作用大良藥？員工持股方案不能解決企業經營的所有問題，其定位只能是企業的人力資源領域。

Does equity incentive consulting company think ESOP is a mechanism or a good medicine? ESOP can not solve all the problems of enterprise management, its positioning can only be in the field of human resources.

員工持股方案是激勵機制，還是約束機制？員工持股方案所提供的并不僅僅是一種激勵機制，更是一種約束機制，是激勵中的約束，也是約束中的激勵，偏頗任何一方，都是對員工持股方案的曲解。值得注意的是，激勵的內涵是提供一種壓力，是花錢買積極性，長期持續的積極性是任何費用也買不到的。

Is ESOP an incentive mechanism or a restraint mechanism? What ESOP provides is not only an incentive mechanism, but also a restraint mechanism. It is not only a restraint in incentive, but also an incentive in restraint. Biased to any party is a distortion of ESOP. It is worth noting that the connotation of incentive is to provide a kind of pressure, that is, to spend money to buy enthusiasm. Long term and sustained enthusiasm can not be bought at any cost.

股權激勵咨詢公司認為員工持股方案我自己的劃分主要分兩大類，真實股權激勵和虛擬股權激勵。員工持股方案真實股權激勵方案是指在達到合約規定要求后可以直接或間接地持有公司真實存在的

According to equity incentive consulting company, ESOP can be divided into two categories: real equity incentive and virtual equity incentive. ESOP real equity incentive scheme means that after meeting the requirements of the contract, it can directly or indirectly hold the real shares of the company

股權激勵計劃：直接持有股權就是成為登記機構確認的非上市公司股東；股權激勵方案設計間接持有股權就是成為公司的法人股東的股東，或更多層的持股結構。就是說個人通過入股一個法人，而這個法人又持有公司股權。

Equity incentive plan: holding equity directly means becoming the shareholder of the non listed company confirmed by the registration authority; The design of equity incentive scheme indirect holding equity is the shareholder who becomes the corporate shareholder of the company, or more layers of shareholding structure. That is to say, an individual shares in a legal person, and the legal person holds the company's equity.

這個股權激勵方案設計合同本身可以看作為一個附帶股權激勵方案設計行權條件的期權。虛擬股權激勵是指主要以股權為標的資產的，類似衍生品的激勵計劃。這類股權激勵方案設計計劃一般是以現金結算的，并不將股權實際交付。

The equity incentive scheme design contract itself can be regarded as an option with the exercise conditions of equity incentive scheme design. Virtual equity incentive refers to the incentive plan which is mainly based on equity and similar to derivatives. This kind of equity incentive plan is usually settled in cash, and does not actually deliver the equity.