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Eligibility to participate in ESOS

Para 4 - Guidelines - Employee Stock Option Scheme and Employee Stock Purchase Scheme - SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 - Para 4 - PART A: ESOS 4. : 4.1 An employee shall be eligible to particip .....

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(b) that options, if granted to the director, shall not be renounced in favour of the nominating institution; and (c) the conditions subject to which fees, commissions, ESOSs, other incentives, etc. can be accepted by the director from the company. .....

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te in the ESOS. 4.3 A director who either by himself or through his relative or through any body corporate, directly or indirectly holds more than 10% of the outstanding equity shares of the company shall not be eligible to participate in the ESOS. * .....

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