https://www.taxtmi.com/acts?id=34204 Regulation 9 mandates non-transferability and prohibits pledge or alienation of options, SARs and similar employee benefits, allows company or empanelled brokers to fund cashless exercises recoverable from sale proceeds, and sets vesting succession: grants vest in legal heirs on death and in the employee on permanent incapacity; unvested grants expire on resignation or termination while vested benefits may be retained per compensation committee terms; transfers to associate companies do not affect vesting or exercise. en-us Sat, 29 Dec 2018 13:13:31 +0530 Sat, 29 Dec 2018 17:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34204 Regulation 9 mandates non-transferability and prohibits pledge or alienation of options, SARs and similar employee benefits, allows company or empanelled brokers to fund cashless exercises recoverable from sale proceeds, and sets vesting succession: grants vest in legal heirs on death and in the employee on permanent incapacity; unvested grants expire on resignation or termination while vested benefits may be retained per compensation committee terms; transfers to associate companies do not affect vesting or exercise. Act-Rules SEBI Sat, 29 Dec 2018 13:13:31 +0530 https://www.taxtmi.com/acts?id=34204