Lennox International updates long-term incentive award agreement for senior US employees
LII•Long-term incentive award agreement updated
Lennox International adopted a new Long-Term Incentive Award Agreement for U.S. employees at vice president level and above.
The form will be used for executive-officer grants of restricted stock units, performance share units, and stock appreciation rights.
Key changes include updates to vesting schedules, exercise schedules, and retirement eligibility; other administrative changes were also made.
