Firstsource Solutions Ltd has informed BSE that the Compensation Cum Board Governance Committee of Board of Directors of the Company at its Meeting held on January 25, 2010, have approved grant of 50,000 Stock Options (Options) under Firstsource Solutions Employee Stock Option Scheme 2003 (ESOS 2003) to 1 eligible employee of the Company. The Options were granted at an Exercise Price of Rs. 33.65 per share, being the latest available closing price of the equity shares of the Company on National Stock Exchange of India Ltd (having higher turnover), one stock market working day prior to the date of the Committee meeting i.e. on January 22, 2010. The terms of the Options granted under ESOS 2003 are briefly given below: 1. Vesting Schedule / Vesting Period : The Options granted shall vest in tranches over a period of 4 years with 25% of Options vesting at the end of 12 months from the date of grant of Options and thereafter 12.5% each of Options shall vest at the end of every 6 months. 2. Exercise Period : Exercise Period is 10 years from the date of grant of Options.
Source: BSECourtesy moneycontrol.com
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