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addaword.gifdefinition of LTIP

noun
long-term incentive plan; a way of paying company directors a lot of money, but making some of it payable several years later and not immediately
Europe’s biggest bank by market value last year changed its LTIP rules, forcing its top-100 staff to hold long-term share awards until they retire or leave the bank.
Submitted from United Kingdom on 12/06/2012 09:03:00
Definition of LTIP from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

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