Examples of Trident Employee in a sentence
Each Deferred Stock Unit that is outstanding immediately prior to the Distribution and which is held by a Trident Employee listed in Schedule 6.1(c) or by a Trident Director shall be adjusted such that the number of Deferred Stock Units reflects the impact of the Distribution as set forth in Section 6.2(a)(i); provided that fractional shares will continue to be maintained until the payment of the unit is made.
Each Deferred Stock Unit that is outstanding immediately prior to the Distribution and which is held by a Trident Employee listed in Schedule 6.1(c) or by a Trident Director shall be adjusted such that the number of Deferred Stock Units reflects the impact of the Distribution as set forth in Section 6.2(a)(ii)(B); provided that fractional shares will continue to be maintained until the payment of the unit is made.
During the financial year 2017-18, the Company has allotted 16,307 equity shares to the Employees of the Company pursuant to exercise of options in terms of Trident Employee Stock Options Plan, 2007 in aggregate.The Company had also introduced Trident Employee Stock Options Scheme, 2009 and Trident Employee Stock Options Scheme, 2015, by way of trust route, after the approval of shareholders in their meeting held on August 27, 2009 and September 12, 2015, respectively.
In terms of the Companies Act, 2013 and the SEBI (SBEB) Regulations, 2014 the approval of the Shareholders is sought by way of Special Resolution for the approval of the Trident Employee Option Scheme, through Trust route and for the provisioning of money to the ESOS Trust to fulfill the same, therefore, your Directors recommend the Resolutions as set out at item Nos.
The first grant was made on July 9, 2007 and second grant was made on July 23, 2009 by theCompensation Committee as per the terms & conditions of Trident Employee Stock Options Plan, 2007.
As on March 31, 2020 Nil options were outstanding and in force.The Company had also introduced Trident Employee Stock Options Scheme, 2009 and Trident Employee Stock Options Scheme, 2015, by way of trust route, after the approval of shareholders in their meeting held on August 27, 2009 and September 12, 2015, respectively.
As on March 31, 2020, no requests for transfer or dematerialisation of shares were in process.o) Stock optionsThe Company has granted options to its employees under Trident Employee Stock Options Plan, 2007.
During the financial year 2016-17, the Company has allotted 208,234 equity shares to the Employees of the Company pursuant to exercise of options in terms of Trident Employee Stock Options Plan, 2007 in aggregate.The Company had also introduced Trident Employee Stock Options Scheme, 2009 and Trident Employee Stock Options Scheme, 2015 after the approval of shareholders in their meeting held on August 27, 2009 and September 12, 2015, respectively.
The Company had issued 20,000,000 warrants to M/s Trident Capital Limited, a promoter group entity and 15,000,000 warrants to M/s Glaze Ventures Private Limited, a non promoter group entity at a premium ofunder Trident Employee Stock Options Plan, 2007.The Company has made two grants under the scheme till date.
The Company has granted options to its employees under Trident Employee Stock Options Plan, 2007.