Employee stock options register requirement ensures recording of grants, vesting, exercises and scheme variations for compliance. The prescribed register mandates recording for each grantee: name, number of options granted, vesting date, exercise period, dates and numbers of options ... Summary
Employee stock options register requirement ensures recording of grants, vesting, exercises and scheme variations for compliance.
The prescribed register mandates recording for each grantee: name, number of options granted, vesting date, exercise period, dates and numbers of options exercised, exercise price, resulting number of shares, Register of Members folio, lock-in periods, lapsed options, forfeited or refunded amounts, and any variations to scheme terms, together with signature and remarks, as the formal compliance record under the Companies Act.
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