Mphasis has announced that its ESOP Compensation Committee has approved the allocation of 5,000 stock options to an identified employee under the company’s Employee Stock Option Plan (ESOP) 2016.
Grant Structure and Terms
The stock options have been issued at an exercise price of ₹2,700 per option. Vesting will take place over a period of five years, with an equal portion vesting each year. Once vested, the options may be exercised within 60 months from their respective vesting dates.
| Aspect | Details |
| Number of Options | 5,000 |
| ESOP Plan | ESOP 2016 |
| Exercise Price | ₹2,700 per option |
| Vesting Schedule | Over five years in equal instalments |
| Exercise Window | Up to 60 months post vesting |
| Administered Through | Mphasis Employees Equity Reward Trust |
Administration Framework
The grant will be administered through the Mphasis Employees Equity Reward Trust, which oversees implementation and compliance of stock-based compensation issued under the company’s equity reward framework.
Summary
Mphasis has approved the grant of 5,000 stock options to an identified employee under its ESOP 2016. The options are priced at ₹2,700 each, will vest evenly over five years, and may be exercised within 60 months after vesting. The administration of the grant will be handled by the Mphasis Employees Equity Reward Trust.
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