Hinduja TMT rolls out stock option plan
This would cover three per cent of its employees globally, including India.india Updated: Mar 23, 2006 20:00 IST
Hinduja TMT Ltd on Thursday announced the roll out of the Employee Stock Option Plan, which would cover three per cent of its employees globally, including India.
All eligible managers of the company, including those in India, Philippines, Mauritius, Canada and the US would be covered under the plan and they can exercise their options at the end of one year from the grant date, a company release said here.
The vesting schedule of 3 years outlined by the company is aggressive by industry standards. The plan covers about 3 per cent of HTMT’s employees across its global centers.
Employees can exercise their options at the end of one year from the grant date.
The company has over 7,000 employees worldwide, it said.