Norms for compensation policy

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Full Text of the Document

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.... for key management personnel of depository shall be in accordance with the norms specified by the Board. The compensation norms, in this regard, shall be as follows:- a) The variable pay component shall 1[be within a range of 25% to 50% of total pay]. b) Fifty percent of the variable pay shall be paid on a deferred basis after 2[a minimum period of] three years. c) ESOPs and other equity li....