MAX INDIA LTD. - Outcome of Nomination and Remuneration Committee Meeting
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| 15 Dec 2014 | |
| Max India Ltd has informed BSE that the Nomination And Remuneration Committee of the Company in its meeting held on December 12, 2014 granted the following Stock Options to its Executive Directors under Max Employee Stock Plan-2003;<BR><BR>1. 13,30,000 Options to Mr. Rahul Khosla, Managing Director which entitle him one equity share of Rs.2/- each for cash at an Exercise Price of Rs. 394/- for every one Option exercised. The said Options will be vested with him on March 31, 2020, except that the vesting date for such Options (calculated on a proportionate basis) may be accelerated to February 18, 2017 under certain circumstances; and<BR><BR>2. 4,43,000 Options to Mr. Mohit Talwar, Deputy Managing Director which entitle him one equity share of Rs. 2/- each for cash at an Exercise Price of Rs. 394/- for every one Option exercised. The said Options will be vested with him on March 31, 2020, except that the vesting date for such Options (calculated on a proportionate basis) may be accelerated to August 14, 2017 under certain circumstances. | |
| View all announcements for MAX INDIA LTD. | Source: BSE India |
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