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The potential payout associated with any Incentive Award under the MIP will be expressed as a percentage of a Participant's annual base salary, and the amount of any such payout shall be contingent upon the degree to which one or more pre-established, objective Company or business unit performance goals have been ...
term incentive plan (LTIP) incentivizes employees to take actions that will maximize shareholder value and promote longterm growth for the organization. In a standard LTIP, the employee, who is normally a senior executive, is required to meet a number of criteria to receive the incentive.
Management Incentive Plan means the Company's bonus program, as implemented by the Company's board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.
The Management Incentive Plan (?MIP? or ?the Plan?) is an annual incentive plan designed to reward and incent eligible employees for their role in driving Deluxe's strategy and business results.