Ingersoll-Rand Company Limited Performance Share Program for Executives
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Summary
This agreement outlines the Performance Share Program (PSP) for the Chairman, President, CEO, and other participants at Ingersoll-Rand Company Limited. The program grants annual awards of Class A common shares based on the achievement of long-term strategic and annual financial goals, as well as individual performance. Shares awarded under the program vest one year after the grant date, incentivizing executives to meet company objectives.
EX-10.4 3 v105013_ex10-4.htm
EXHIBIT 10.4
Performance Share Program (“PSP”) for Chairman, President and Chief Executive Officer and the other Participants of Ingersoll-Rand Company Limited (the “Company”)
The PSP provides annual awards for the achievement of pre-established long-term strategic initiatives and annual financial performance of the Company. The number of PSP awards granted are based upon a combination of financial objectives and strategic objectives, including the Company’s performance as well as each participant’s individual performance. Awards are granted in the form of Class A common shares of the Company and vest one year after the date of award.
