Objective

1. A thank-you for past loyalty and performance
2. Incentive to drive future value
3. Promote employee ownership culture

Pricing

1. Free to determine exercise price.

Vesting

1. Time based or performance based
2. Standard across the board or different for key people

Policy

1. Yearly / half-yearly / quarterly grants
2. New joinees – eligibility and effective date of grant
3. Promotions / group company transfers / termination / retirement
4. Indian Employees or Foreign Employees