HERO MOTOCORP LTD. - Updates
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| 31 Oct 2017 | |
| The Nomination and Remuneration Committee at its meeting held on October 31, 2017 has approved the following:<BR> <BR> 1) 29,800 Stock Options at an exercise price of Rs. 2818/- per option, vesting in four years in the ratio of 20:20:30:30 in four instalments as per ESOP Plan 2017 and<BR> <BR> 2) 15,769 RSUs (units) at face value of Rs. 2/- per unit vesting in three years in the ratio of 30:30:40 in three instalments as per RSUs Plan 2017, under Employee Incentive Scheme 2014, to the certain eligible employees of the Company being convertible into one equity share of the Company upon vesting subject to the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 as amended from time to time and the terms of the Employee's Incentive Scheme 2014.<BR> <BR> The vesting of the aforesaid Options and RSUs shall commence from the end of first year, from the date of grant. The aforesaid Options/ RSUs can be exercised within seven years from the date of grant, subject to vesting thereof. | |
| View all announcements for HERO MOTOCORP LTD. | Source: BSE India |
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