Non- transferability

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..... SAR or other benefit is granted shall be entitled to the benefit arising out of such option, SAR, benefit etc. : Provided that in case of ESOS or SAR, under cashless exercise, the company may itself fund or permit the empanelled stock brokers to fund the payment of exercise price which shall be adjusted against the sale proceeds of some or all the shares, subject to the provisions of the applic .....

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..... expire: Provided that an employee shall, subject to the terms and conditions formulated by the compensation committee under the sub-regulation (3) of regulation 5, be entitled to retain all the vested options, SAR, or any other benefit covered by these regulations. (7) In the event that an employee who has been granted benefits under a scheme is transferred or deputed to an associate company .....

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