Moser Baer India Ltd has informed BSE that in terms of the ESOP Scheme and the SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999, the Compensation Committee of the Board of Directors at its meeting held on January 28, 2010 has granted new options to employees of the Company in terms of its ESOP scheme - 2009. The terms of ESOP scheme - 2009 are as follows: 1. The maximum number of shares covered by such options: 141000 options. 2. Exercise Price: Normal Allocation @ Rs 75.95 per option. 3. Requirements of Vesting and maximum period of vesting: The vesting period ranges from 1 year to 4 years. 4. Exercise Period:- 7 years from the date of grant of options. All other terms and conditions of the ESOP scheme remain unchanged.
Source: BSECourtesy moneycontrol.com
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