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BSE: 523704NSE: MASTEKISIN: INE759A01021

24th-May-2020 14:43Source: BSE

Mastek - Grant Of RSU Options To Eligible Employee Under Employee Stock Options Plan (ESOP)

Dear Sir(s)/Ma''am(s),

This is to inform you that the Company has approved the grant of 55,000 RSUs under the ESOP to the eligible employees. The broad terms and conditions of the said RSUs are as under:

1. Options are granted at the face value of Rs. 5/- per share.

2. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.

3. Options shall vest over a period of three years in the ratio of 20:30:50.

4. Options will vest after the end of year 1st /2nd /3rd in the proportions mentioned in point 3 above.

5. The vested options can be exercised within a period of 7 years from the date of vesting.

You are requested to acknowledge receipt and take the same on record.