A long-term cash incentive plan to be used by a public company for granting cash incentive awards that are contingent on the achievement of performance goals over a multi-year performance period. The plan is intended to comply with the requirements for qualified performance-based compensation under Section 162(m) of the Internal Revenue Code. While this exception was generally repealed by the Tax Cuts and Jobs Act, it continues to apply to certain plans that meet the requirements of a transition rule. This Standard Document has integrated drafting notes with important explanations and drafting tips.