Employee Share Plans - Implementation of New Long Term Incentive Plan (LTIP)

Brief

FTSE 350 services company required a new long term incentive plan (LTIP) to replace a previous plan that was not providing the right form of incentive for its senior executive team.

Solution

• Advising the board on a new structure for its long term incentive strategy, also identifying new performance criteria
• Drafting of shareholder circular and plan rules
• Discussions and meetings were held with the company and with institutions and following on from these a review of the comments raised was carried out
• Second draft of circular and rules was produced along with the wording for the company’s annual report and accounts
• Award letters and certificates were drafted and agreed by the company
• Plan was approved by shareholders and was implemented successfully

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