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Non transferability of option

Para 11 - Guidelines - Employee Stock Option Scheme and Employee Stock Purchase Scheme - SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 - Para 11 - 11. : 11.1 Option granted to an employee shall not be transfe .....

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erwise alienated in any other manner. 11.4 In the event of the death of employee while in employment, all the option granted to him till such date shall vest in the legal heirs or nominees of the deceased employee. 11.5 In case the employee suffers a .....

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said institution, shall not be renounced in favour of the institution nominating him.] ******** [1] Inserted vide circular no. SEBI/CFD/DIL/ESOP/4/2008/04/08 dated August 4, 2008, w. e. f. August 4, 2008. - Statutory Provisions, Acts, Rules, Regulati .....

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