MASTEK LTD. - Outcome of Nomination and Remuneration Committee Meeting
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| 24 Jul 2014 | |
| Mastek Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors at its meeting held on July 24, 2014 granted 15,300 stock options (ESOPs) to the eligible employees. The terms and conditions of the said ESOPs are as under:<br/><br/>1. 15,300 options are granted at a price of Rs. 5/- per share.<br/><br/>2. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.<br/><br/>3. The options shall vest at the rate of 25% at the end of each year from the date of grant.<br/><br/>4. The first option shall vest only after a period of twelve months from the date of grant.<br/><br/>5. The vested options can be exercised within a period of seven years from the date of vesting. | |
| View all announcements for MASTEK LTD. | Source: BSE India |
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