Minimum vesting period requirement for employee stock options, with merger adjustment and company-specified lock-in provision. A mandatory minimum vesting period of one year applies to ESOS; periods during which options were held under a transferor company in a merger or amalgamation are to be adjusted against this minimum vesting requirement. The company may also specify a lock-in period for shares issued upon exercise of options.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum vesting period requirement for employee stock options, with merger adjustment and company-specified lock-in provision.
A mandatory minimum vesting period of one year applies to ESOS; periods during which options were held under a transferor company in a merger or amalgamation are to be adjusted against this minimum vesting requirement. The company may also specify a lock-in period for shares issued upon exercise of options.
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