Rimini Street Inc (RMNI) just unveiled an update.
Rimini Street, Inc. has launched its 2024 Long-Term Incentive Plan, offering a mix of performance units, restricted stock units, and stock options to its executive officers. The plan is designed to align with the company’s equity incentive strategies and includes various vesting conditions based on company performance and continued service. Executives will have their awards vest over a period of years, provided they remain with the company, with specific provisions for accelerated vesting in certain scenarios like a change of control or termination without cause. The plan’s success is tied to the achievement of performance goals, including adjusted EBITDA and total revenue targets.
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