Failure to exercise stock options can lead to forfeiture of payments or refund where vesting conditions are unmet. Regulation 20 states that amounts paid by an employee at grant, vesting or exercise may be forfeited if an option is not exercised within the exercise period, and may be refunded where options do not vest due to non-fulfilment of vesting conditions under the ESOS.
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.
Failure to exercise stock options can lead to forfeiture of payments or refund where vesting conditions are unmet.
Regulation 20 states that amounts paid by an employee at grant, vesting or exercise may be forfeited if an option is not exercised within the exercise period, and may be refunded where options do not vest due to non-fulfilment of vesting conditions under the ESOS.
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