Abstract: The paper analyses combinative incentive contract,including implicit incentive contract based on subjective performance and explicit contract based on objective performance to entrepreneur human capital.The implicit incentive contract and explicit incentive contract models are given firstly.On the base of static analysis,the change meaning of relative parameters in the model is deeply discussed and the significance of combination incentive contract is that the expected gains of the entrepreneur and the owner are increased under the restraints.

Key words: implicit incentive contract, explicit incentive contract, human capital, entrepreneur