The latest update is out from Verano Holdings (VRNOF).
Verano Holdings Corp. has introduced a long-term cash incentive plan to drive employee motivation and retention by tying a portion of their pay to long-term performance. This plan, which bases potential awards on a percentage of the employees’ salaries, is designed to be more administratively efficient and less burdensome on the company’s stock price than traditional equity awards. The cash incentives will vest over time, promoting ongoing employment with the company, and any unvested awards will be forfeited if the employee leaves before they vest. The company’s board may adjust or terminate the plan as needed.
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