股权激励咨询认为员工持股方案是一种机制，还是作用大良药？员工持股方案不能解决企业经营的所有问题，其定位只能是企业的人力资源领域。

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.

员工持股方案是激励机制，还是约束机制？员工持股方案所提供的并不仅仅是一种激励机制，更是一种约束机制，是激励中的约束，也是约束中的激励，偏颇任何一方，都是对员工持股方案的曲解。值得注意的是，激励的内涵是提供一种压力，是花钱买积极性，长期持续的积极性是任何费用也买不到的。

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.

股权激励咨询公司认为员工持股方案我自己的划分主要分两大类，真实股权激励和虚拟股权激励。员工持股方案真实股权激励方案是指在达到合约规定要求后可以直接或间接地持有公司真实存在的

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

股权激励计划：直接持有股权就是成为登记机构确认的非上市公司股东；股权激励方案设计间接持有股权就是成为公司的法人股东的股东，或更多层的持股结构。就是说个人通过入股一个法人，而这个法人又持有公司股权。

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.

这个股权激励方案设计合同本身可以看作为一个附带股权激励方案设计行权条件的期权。虚拟股权激励是指主要以股权为标的资产的，类似衍生品的激励计划。这类股权激励方案设计计划一般是以现金结算的，并不将股权实际交付。

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.