https://www.taxtmi.com/acts?id=40184 Non-transferability prohibits assignment, pledge or other alienation of options, SARs or other benefits and limits entitlement to the grantee alone; companies or trustees may fund exercise costs and taxes for ESOS/SARs recoverable from sale proceeds. On death in service, granted benefits vest in legal heirs or nominees from the date of death; on permanent incapacity vested benefits vest in the employee that day. Unvested benefits expire on resignation or termination while vested benefits may be retained per compensation committee terms; retirement permits continued vesting per schedule. Vesting and exercise continue on transfer to an associate or under corporate reorganisation with non-prejudicial treatment. en-us Tue, 17 Aug 2021 10:04:45 +0530 Mon, 05 Aug 2024 15:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40184 Non-transferability prohibits assignment, pledge or other alienation of options, SARs or other benefits and limits entitlement to the grantee alone; companies or trustees may fund exercise costs and taxes for ESOS/SARs recoverable from sale proceeds. On death in service, granted benefits vest in legal heirs or nominees from the date of death; on permanent incapacity vested benefits vest in the employee that day. Unvested benefits expire on resignation or termination while vested benefits may be retained per compensation committee terms; retirement permits continued vesting per schedule. Vesting and exercise continue on transfer to an associate or under corporate reorganisation with non-prejudicial treatment. Act-Rules SEBI Tue, 17 Aug 2021 10:04:45 +0530 https://www.taxtmi.com/acts?id=40184