What are the Long-Term Incentives?
It is an incentive program that is used usually to retain key employees and executive team members by vesting a percentage of the plan award over several years (normally 3 years or more). In addition to cash plans, employers can choose from a variety of stock-based plans, including stock option, restricted stock and performance-based stock plans. Although often used as a type of incentive for executives, many employers use equity compensation throughout the organization.
We at Bakkah Inc. offer a tailored long-term incentive plan that will help your organization retain your key personnel.
- To raise retention of executive management members.
- To increase achievement of a business’s long-term goals by linking LTI to the performance achievement of long term KPIs.
- To build a motivating work environment.
To learn more about the service, read: