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| Exchange Disseminated Time 19/08/2015 17:55:40 | Majesco Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors at its meeting held on August 19, 2015 granted 740,000 stock options (ESOP’s) to the eligible employees. The terms and conditions of the said ESOP’s are as under;
1. The options are granted at the market price of Rs 332/- per share.
2. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.
3. The options shall vest at the rate of 25% at the end of each year from the date of grant.
4. The first option shall vest only after a period of twelve months from the date of grant.
5. The vested options can be exercised within a period of seven years from the date of vesting. |
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