Long Term Incentive (LTI) Clause Samples
A Long Term Incentive (LTI) clause outlines the terms under which an employee or executive is granted performance-based rewards, typically in the form of equity, stock options, or cash bonuses, that vest over a multi-year period. This clause specifies eligibility, the types of incentives offered, vesting schedules, and performance criteria that must be met to receive the awards. By clearly defining how and when long-term incentives are earned, the clause aligns the interests of key personnel with the long-term success of the company and helps retain talent by rewarding sustained performance.
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Long Term Incentive (LTI). 3.2.4.1. The LTI is comprised of two components: 50% designated as performance-based stock awards (the “Performance-LTI”) and 50% as time-based stock awards (the “Time-LTI”).
3.2.4.2. The Performance-LTI shall be (a) awarded to Executive in restricted stock units (“RSUs”), (b) subject to achieving KPIs defined in the LTI plan outlined hereunder (defined in section 3.2.4.4 below).
3.2.4.3. The Time-LTI shall be awarded to Executive in RSUs. For the Term’s first year (and for purposes of the Prorated Annual Bonus described in Section 3.2.7), the Time-LTI shall vest in equal one-third (1/3) increments on each anniversary of the Grant Date. For the Term’s subsequent year/s, the Time-LTI will be at the Committee’s discretion and vesting terms will be included in any award agreements.
Long Term Incentive (LTI). Beginning for the 2025 financial year, Employee shall be eligible to receive LTI in the form of Restricted Stock Units (“RSUs”) pursuant to the Company’s Share Unit Plan and as determined by the Company’s Board of Directors (“Board of Directors”) from time to time. In light of Employee’s role within the Company, Employee will be eligible for an LTI award with a value of up to 75% of Employee’s Salary in RSUs. Unless otherwise approved by the Board of Directors with respect to any individual grant, RSUs granted as LTI vest in equal increments (i.e., 25%) on the 12-month, 24-month, 36-month and 48-month anniversary dates of the grant date and will be granted in the first available open trading window in the year in which they are granted; provided, that, in the event Employee’s employment is terminated without Cause or due to Employee’s Disability (as defined in Section 5.1(e) of this Agreement) or death or Employee voluntarily terminates employment for Good Reason, any unvested RSUs shall vest pro rata through the date of such termination based on the number of months between the date of grant and the termination date relative to 48 months and provided further that, in the event of a Change of Control (as defined in Section 5.1(g) of this Agreement), the RSUs will become fully vested.
Long Term Incentive (LTI). The LTI program will be awarded through a combination of performance-based and time-based Restricted Stock Units and will be set based on targets established and approved annually by the Board of Directors. The LTI will be calculated, earned and vested in accordance with the Share Award Agreements.
Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (“RSUs”) pursuant to the Company’s Share Unit Plan and as determined by the Company’s Board of Directors (“Board of Directors”) from time to time. In light of Employee’s role within the Company, Employee will be eligible for an LTI award with a value of up to 100% of Employee’s Salary in RSUs. Unless otherwise approved by the Board of Directors with respect to any individual grant, RSUs granted as LTI vest in equal increments (i.e., 25%) on the 12-month, 24-month, 36-month and 48-month anniversary dates of the grant date and will be granted in the first available open trading window in the year in which they are granted; provided, that, in the event Employee’s employment is terminated without Cause or due to Employee’s Disability (as defined in Section 5.1(e) of this Agreement) or death or Employee voluntarily terminates employment for Good Reason, any unvested RSUs shall vest pro rata through the date of such termination based on the number of months between the date of grant and the termination date relative to 48 months and provided further that, in the event of a Change of Control (as defined in Section 5.1(g) of this Agreement), the RSUs will become fully vested.
Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (RSUs) pursuant to the Company’s Share Unit Plan and as determined by the Board of Directors from time to time. In light of Employee’s role within the Company, Employee will be eligible for an award with a value of up to 40% of Employee’s Salary in RSUs. The Company shall guarantee a pro-rata RSU grant as LTI for the 2022 calendar year which will be calculated based on time worked. RSUs granted as LTI vest equally over a four-year period and will be granted in the first available open trading window in the year in which they are granted; provided, that in the event of Employee’s employment is terminated without Cause, due to a Disability, or Employee’s death, the unvested RSUs shall vest pro rata on a monthly basis through the date of such termination.
Long Term Incentive (LTI). A long term incentive to be determined each year upon terms and conditions approved by the Board pursuant to the Compensation Policy and LTIP. The determination of the LTI will remain at the sound discretion of the Board.
Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (RSUs) pursuant to the TerrAscend Corp.’s Share Unit Plan and as determined by the board of directors of TerrAscend Corp. (the “Board of Directors”) from time to time. In light of Employee’s role within the Company, Employee will be eligible for an award with a value of up to 40% of Employee’s Salary in RSUs. In addition to the foregoing, Employee will receive a one-time grant of 30,000 RSUs as LTI (the “Initial RSUs”). The Initial RSUs will be granted as soon as practicable following the filing with the U.S. Securities and Exchange Commission of TerrAscend Corp.’s related registration statement on Form S-8 (the “Form S-8 Filing”) and, subject to approval of the Board of Directors, shall begin vesting as of the Effective Date. RSUs granted as LTI, including the Initial RSUs, vest equally over a four-year period, subject to the Employee’s continuous employment with the Company on each applicable vesting date, and, other than the Initial RSU, will be granted in the first available open trading window following their award; provided, that in the event Employee’s employment is terminated without Cause, due to a Disability, or Employee’s death, the unvested RSUs shall vest pro rata through the date of such termination.
Long Term Incentive (LTI). Program: You are eligible to receive LTI in the form of Restricted Stock Units (RSUs) pursuant to the Company’s Share Unit Plan and as determined by the Board from time to time. In light of your promotion within the Company, you will be eligible for an award with a value of up to 50% of your salary in RSUs. RSUs granted as LTI vest equally over a four-year period. In order to receive LTIs (or any portion thereof), you must be currently employed by the Company in good standing on the date such LTI is generally paid, and you must not have given, and the Company must not have received, notice of the termination of your employment.
Long Term Incentive (LTI). Employee will be eligible to receive Long Term Incentive in the form of Restricted Stock and Cash Payments with a target annual award of 100% of base salary, and prepared pursuant to the terms of the PPIH Long Term Incentive Plan then in effect. Under PPIH’s current plan, Restricted Stock and Cash Awards would be granted that vests over a three-year period, with 1/3 vesting at the end of each anniversary of the grant. The actual award may be adjusted up or down based on compensation benchmarking and/or performance as determined in good faith by the Board of Directors. The Board of Directors reserves the right to prospectively amend the PPIH Long Term Incentive Plan and terms as it deems necessary.