leadership
confidence low
sentiment neutral
materiality 0.05
Limbach adopts new performance award summary for senior management STIP
Limbach Holdings, Inc.
- New form for annual cash bonus based primarily on Adjusted EBITDA performance.
- Bonus is a percentage of annual base salary, subject to minimum EBITDA and bank covenant compliance.
- Compensation Committee retains discretion to interpret and administer the plan.
- Plan includes clawback provisions and is designed to be exempt from Section 409A.