Illinois Management Incentive Plan of Ex-Cell-O Corp

State:
Multi-State
Control #:
US-CC-20-200
Format:
Word; 
Rich Text
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This sample form, a detailed Management Incentive Plan document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

A MIP can be either an equity incentive plan or a cash incentive plan. It doesn't always have to result in a company giving away equity, as certain factors may preclude them from doing so. Cash-based plans usually involve either a cash bonus, pension contribution or shadow equity.

MIUs (aka restricted stock units, profits interests, profit-sharing units) are a form of equity compensation issued by private companies to employees, management, directors, consultants or investors. MIUs are used to reward or incentivize employees of partnerships or limited liability companies (LLCs).

Incentive compensation is simply additional money, or rewards of value (i.e. stock), paid to employees based on their performance, and on top of their base salary. The performance measures companies use to structure these comp plans can vary widely.

Incentive compensation is simply additional money, or rewards of value (i.e. stock), paid to employees based on their performance, and on top of their base salary. The performance measures companies use to structure these comp plans can vary widely.

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Illinois Management Incentive Plan of Ex-Cell-O Corp