Vesting.

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..... - 24. Vesting. There shall be a minimum vesting period of one year in case of SAR scheme: Provided that in a case where SAR is granted by a company under a SAR scheme in lieu of SAR held by the emplo .....

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..... ll not be applicable and in such instances, the options shall vest on the date of death or permanent incapacity. Explanation ,- The company implementing a SAR scheme shall frame an appropriate policy .....

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