ESOP 2021 definition

ESOP 2021 means the Employee Stock Option Plan 2021 under which the Company is authorized to grant Employee Stock Options to the Employees.
Sample 1Sample 2Sample 3
ESOP 2021 means the employee stock option plan to be created and implemented by the Company, for which the Company shall reserve Equity Shares for issuance and which will provide for the terms governing the grant and exercise of stock options and/or appreciation rights to eligible employees, adopted with the prior approval of DTPL.
Sample 1
ESOP 2021. / “Plan” means this employee stock option plan of the Company under which the Company is authorized to grant Employee Stock Options to the Employees.
Sample 1

Examples of ESOP 2021 in a sentence

  • The ESOP 2021 contemplates that the total number of Equity Shares to be issued pursuant to exercise of options under the ESOP 2021 shall not exceed 10,78,050 Equity Shares.

  • Our Board has approved the ESOP 2021 pursuant to its resolution dated April 6, 2021 and our Shareholders have approved the ESOP 2021 pursuant to a special resolution dated April 9, 2021.

  • The ESOP 2021 shall be implemented and administered directly by the Company.

  • Apart from grant of Options as stated above, no monetary benefits are contemplated under the ESOP 2021.

  • Item No. 11 and 12The following are the broad terms and conditions of scheme - ESOP 2021:(a) Brief description of the scheme:ESOP 2021 contemplates grant of employee stock options to the eligible employees including Directors (excluding Independent Directors) of the Company, as may be determined in due compliance of extant law and provisions of ESOP 2021.

  • Our Board of Directors has approved the ESOP 2021pursuant to its resolution dated February 4, 2021 and our Shareholders have approved the ESOP 2021 pursuant to a special resolution dated February 8, 2021.

  • The Grant of Options and allotment of Shares to the Employees under this ESOP 2021 shall be subject to the Company requiring the Employees to comply with all Applicable Laws.

  • The maximum benefit for the employee under the ESOP 2021 shall be the number of Options to be granted to the employee and the resultant equity shares that will be issued to such employee upon vesting and exercise of such Options.

  • The ESOP 2021 is being implemented through the Arohan ESOP Trust.

  • All the Options granted on any date shall vest on expiry of the minimum period of 1 (One) year from the date of grant of Options.The vesting dates in respect of the Options granted under the ESOP 2021 shall be determined by the Committee and may vary from an employee to employee or any class thereof and / or in respect of the number or percentage of Options to be vested.Options shall vest essentially based on continuation of employment/ service as per requirement of SEBI SBEB Regulations.


More Definitions of ESOP 2021

ESOP 2021 means this PPL Employees Stock Option Plan 2021 under which the Company is authorized to grant Employee Stock Options to the Employees.
Sample 1

Related to ESOP 2021

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.