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In this video, James from Cow Kind explains the concept of long-term incentive plans (LTIP). LTIPs reward employees who meet goals that increase shareholder wealth. Employees must fulfill specific requirements and conditions to receive rewards, such as capped options and stock rewards. LTIPs are designed to promote long-term growth and are tailored to the organization's growth plan. Employees play a key role in identifying areas that need focus within the LTIP framework. Subscribe to the channel for more informative videos on business-related topics.
