MULTI COMMODITY EXCHANGE OF INDIA LTD. - Outcome of Compensation Committee Meeting
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| 18 Nov 2014 | |
| Multi Commodity Exchange of India Ltd has informed BSE that the Compensation Committee at its meeting held on November 11, 2014 considered and approved the grant of 172,600 stock options representing equivalent number of equity shares of Rs. 10/- each of the Company to the eligible employees under the Employees Stock Options Scheme - 2008 adopted through the Trust route.<br/><br/>These options shall vest in four (4) installments in the following manner:-<br/><br/>1. 10% (ten percent) of the total number of OPTIONS granted - after 12 months from the date of grant of OPTIONS<br/><br/>2. 20% (twenty percent) of the total number of OPTIONS granted - after 24 months from the date of grant of OPTIONS<br/><br/>3. 30% (thirty percent) of the total number of OPTIONS granted - after 36 months from the date of grant of OPTIONS<br/><br/>4. 40% (forty percent) of the total number of OPTIONS granted - after 48 months from the date of grant of OPTIONS | |
| View all announcements for MULTI COMMODITY EXCHANGE OF INDIA LTD. | Source: BSE India |
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