Employee stock option disclosure: mandatory scheme details, eligibility, vesting and compliance filings required. Requires disclosure to stock exchanges of ESOS/ESPS features including capital and approval dates, types and numbers of securities reserved, per employee and aggregate option limits, exercise price or formula, any grant consideration, and explicit vesting, lock in and exercise periods; further mandates eligibility categories, appraisal and post termination exercise timelines, procedural adjustment clauses for corporate actions, conditions for lapses and forfeiture, shareholder approval details for specified grants, accompanying documents, corporate undertakings, and merchant banker certification of conformity with SEBI guidelines.
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.
Requires disclosure to stock exchanges of ESOS/ESPS features including capital and approval dates, types and numbers of securities reserved, per employee and aggregate option limits, exercise price or formula, any grant consideration, and explicit vesting, lock in and exercise periods; further mandates eligibility categories, appraisal and post termination exercise timelines, procedural adjustment clauses for corporate actions, conditions for lapses and forfeiture, shareholder approval details for specified grants, accompanying documents, corporate undertakings, and merchant banker certification of conformity with SEBI guidelines.
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