股权激励是一种长期的制度安排，需要由不同的时间点组成。时间点的设置非常重要，既要达到企业长期激励的目的，又要使员工觉得努力就能获得汇报，而不是画饼充饥遥遥无期。设计股权激励计划期限需要考虑以下因素：

Equity incentive is a long-term institutional arrangement, which needs to be composed of different time points. The setting of time point is very important, not only to achieve the purpose of long-term incentive, but also to make employees feel that they can get reports if they work hard, rather than making a cake to satisfy their hunger. The following factors should be considered in designing the term of equity incentive plan:

一股权激励的授予日

1. Grant date of equity incentive

股权激励的授予日是激励对象实际获得权益的日期。股权激励的授予日的基础是股权激励的生效日。授予日是在股权激励计划经股东会通过生效后再由企业董事会制定的一个具体日期。生效日在先，授予日在后。授予日是实施股权激励计划的重要时点，诸如:等待期、行权期、锁定期等时间段，一般均以授予日为起算时点。

The grant date of equity incentive is the date when the incentive object actually obtains the equity. The grant date of equity incentive is based on the effective date of equity incentive. The grant date is a specific date set by the board of directors after the equity incentive plan is approved by the board of shareholders. The effective date is prior to the grant date. Grant date is an important time point for the implementation of equity incentive plan, such as waiting period, exercise period, lock-in period and so on.

二、股权激励的等待期

2、 Waiting period of equity incentive

股权激励的等待期是指股权激励对象获取股权激励标的后，需要等待一段时间，达到一系列事前约定的条件后，才可以实际获得对激励股权或激励标的完整的无限制的处分权。这一段等待期限就是股权激励的等待期。

The waiting period of equity incentive refers to that after the equity incentive object obtains the equity incentive object, it needs to wait for a period of time to achieve a series of pre agreed conditions before it can actually obtain the complete and unlimited right to dispose of the incentive equity or incentive object. This waiting period is the waiting period of equity incentive.

设立等待期的目的一方面是留住员工，将激励对象长期捆绑;另一方面等待期并不是单纯耗费时间的延期支付，等待期内激励对象只有完成既定的业绩目标，才能获得激励标的真正的完整的权益，起到激励效果。等待期不能随意设定，等待期的长短原则上应当与公司阶段性战略目标完成时间相一致，原则上不低于一年。

On the one hand, the purpose of setting up waiting period is to retain employees and bind incentive objects for a long time; On the other hand, the waiting period is not simply a time-consuming delay in payment. In the waiting period, only when the incentive object completes the set performance goals, can it obtain the real and complete rights and interests of the incentive object and play an incentive effect. The waiting period should not be set at will. In principle, the length of the waiting period should be consistent with the completion time of the company's phased strategic objectives, and should not be less than one year in principle.