Examples of LTI Plan in a sentence
The design of the LTI Plan has been reviewed to ensure the design of total Variable Remuneration complies with CPS511 for specified roles.
Historical LTI Plan – Employee Share Purchase Plan (ESPP)The Company established an ESPP to encourage employees to participate in the ownership of the Company and promote the long-term success of the Company as a common goal by the employees.
Long term incentive plan (“LTI Plan”) The Company maintains an LTI Plan which provides the Company with the flexibility to attract, retain and motivate employees, officers, directors, advisors, and consultants through the ability to issue options and additional award types such as performance share units, restricted share units, restricted shares and deferred share units.
For LTI provided by way of options, the percentages disclosed also reflect the value of remuneration consisting of options, based on the value of options expensed during the year.The Options Scheme prohibits executives from entering into arrangements to protect the value of unvested LTI Plan awards.
There are currently two LTI plans in operation for executive KMP, being a historic “backward looking” plan and the current “forward looking” LTI plan.The new “forward looking” LTI Plan was introduced on 1 July 2019.