Mastek has informed that the Company has approved the grant of 11,330 RSUs under the ESOP Plan VII to the eligible employees. The broad terms and conditions of the said RSUs are: Options are granted at the face value of Rs 5 per share; On exercise of the option, one equity share of face value of Rs 5 each shall be allotted per option; Options shall vest over a period of three years in the ratio of 20:30:50; Options will vest after the end of year 1st /2nd /3rd in the proportions mentioned in point 3 above; and the vested options can be exercised within a period of 7 years from the date of vesting.
The above information is a part of company’s filings submitted to BSE.
