Relaxation from the requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014

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..... laxation from the requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014 1. Presently, regulation 18(1) and 24(1) of the SEBI (Share Based Employee Benefit) Regulations, 2014 ("SBEB Regulations") provides that there shall be a minimum vesting period of one year in case of employee stock options ("options") and stock apprec .....

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..... and b. this relaxation shall be available to all such employees who have deceased on or after April 01, 2020. 4. This Circular is issued in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992. 5. A copy of this circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework/ Circulars." Yours faithfully, Achal S .....

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