noun
LTIP (Long-Term Incentive Plan) is a type of compensation plan that rewards employees based on performance over an extended period of time.
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The company's long-term incentive plan (LTIP) is designed to reward employees for achieving key performance goals over a multi-year period.
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If you hit your targets, you could earn a nice bonus through the LTIP.
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The LTIP is like a jackpot waiting to be won if you meet your objectives.
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The LTIP is the pot of gold at the end of the rainbow for dedicated employees.