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In this video, we explore the concept of long-term incentive plans (LTIPs). These plans reward employees who achieve goals that increase shareholder wealth. LTIPs have specific requirements and conditions, with different types available such as capped options and stock rewards. LTIPs aim to promote long-term growth within the organization and align with the company's growth plan. Employees play a crucial role in identifying areas for growth within the company. Subscribe to the channel for more informative content.