What is an LTIP?
Long-term incentive plans (“LTIPs”) are remuneration schemes that run for a pre-determined period (often as long as 10 years) and may provide employees with shares, carried interest, options or deferred bonuses. LTIPs are often discretionary in nature and performance based, intended to reward high performing employees and their loyalty to the company or firm.
Many LTIPs are subject to conditions, including good leaver/bad leaver provisions and vesting provisions.
Farore Law is a leading boutique law firm that has a wealth of experience in advising senior executives on employment matters. We are well placed to provide appropriate advice regarding the enforceability of contractual terms, seeking a settlement agreement and commencing or defending litigation in the High Court or the Employment Tribunal.
Please contact us if you require legal advice.