Long Term Incentive Plan Template
Oct 23 2007 2002 long term incentive plan general motors corp.
Long term incentive plan template. The plan is intended to provide cash based incentive opportunities to executives and other key employees of the company and its subsidiaries. Oct 1 2007 employee and executive incentive compensation plan 3par inc. Jul 26 2007 2007 long term incentive plan mf global ltd. Hr professionals leverage the use of cash incentive plans which generally take the form of pay for performance plans.
Cash or short term incentive plans stip engage employees in the process of achieving business objectives reward desired behaviors and help execute the organizations long term strategy. Organizations will generally invest in technology and training to enable employees to perform their job responsibilities effectively. In a pay for performance plan employees receive a fixed competitive base salary and variable pay in the form of short and long term incentives based upon individual team or organization. This long term incentive plan template summary is broad and nonspecific to the unique features that will build the private company ltip.
Each performance cycle starts on january 1 of the first year and ends on december 31 of the third year. This precedent provides template rules for the grant of ltip awards. No part of this document may be reprinted without the express written permission of fulcrum partners llc. 2007 long term incentive plan rackspace inc.
Purpose the purpose of the long term performance incentive plan of the coca cola company the plan is to advance the interests of the coca cola company the company by providing a competitive level of incentive for eligible senior executives which will encourage them to more closely identify with share owner interests and to achieve financial results consistent with the companys long range business plans. A long term incentive plan ltip is a company policy that rewards employees for fulfilling conditions or requirements that lead to increased shareholder value. The intention here is to start with the wide view and narrow down to the features that will drive the desired performance. A long term incentive plan ltip is a term that is commonly used among listed companies to describe executive share plans under which a company makes share based awards to senior employees with a vesting period of at least three years.
Albertsons long term incentive plan introduction the albertsons long term incentive plan plan is a long term incentive plan for eligible employees of albertsons and its subsidiaries. Nov 1 2007 1997 stock incentive plan mcafee inc. The long term cash incentive plan is a three year performance plan. This whitepaper report has been prepared by.