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<h1>Investment managers can adjust unit-based benefit schemes with unitholder approval, safeguarding employee interests per SEBI Regulations 2014.</h1> The investment manager can modify the terms of a unit-based employee benefit scheme, as long as it does not harm employee interests. Approval from unitholders is required, except when changes are needed to meet legal or regulatory obligations. Notices for such changes must include detailed explanations, rationale, and beneficiary information. If market conditions make the scheme unattractive, the investment manager can reprice unexercised options, ensuring employee interests are protected and unitholder approval is secured. These provisions are part of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended in 2024.