EsqSocial

In the universe of equity compensation, an "LTIP" is a commonly used term that invokes a "long term incentive program," which is any form of award of cash or shares paid or issued in order to attract, retain and incentivize management and better align their interests with shareholders generally. For umbrella partnership real estate investment trusts, known as "UPREITs," however, "LTIP Units" have come to refer to awards of a special class of limited partnership interest that take advantage of...
By: Proskauer Rose LLP