ESOP 2022 definition

ESOP 2022 means the ‘PCL Employee Stock Option Plan 2022’ under which the Company is authorized to grant Options to the Employees.
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ESOP 2022 means this Archean Chemical Industries Limited Employee Stock Option Plan 2022’, under which the Company is authorized to grant Options to the Employees.
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ESOP 2022 means the Rustomjee Employee Stock Option Plan 2022;
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Examples of ESOP 2022 in a sentence

  • The Options will, subject to the terms and conditions of ESOP 2022, vest on the third anniversary of the Date of Grant (the “Vesting Date”) in a number dependant on, e.g., the level of fulfilment of the performance criterion as set out below.

  • The board of directors shall be responsible for the details and management of ESOP 2022 within the framework of its proposal.

  • Upon acceptance of the offer, the eligible employees shall be required to satisfy the vesting conditions specified in the ESOP 2022 and make payment of the exercise price within the exercise period, and applicable taxes.The Nomination and Remuneration Committee or any other empowered committee of the Board of Directors of the Company, as constituted or reconstituted, shall act as the Compensation Committee (“Committee”) for the superintendence and undertaking the general administration of the Scheme.

  • The Options cancelled or lapsed or surrendered without being exercised will be available for further Grant under ESOP 2022.

  • If the ESOP-participant is offered to participate in ESOP 2022 in November 2022, the performance criterion is based on the increase in adjusted EBITA for the last twelve months as stated in the financial report for the period 1 January–30 September 2025 in comparison with the adjusted EBITA for the last twelve months stated in the financial report for the period 1 January–30 September 2022.

  • The intention is to launch ESOP 2022 and grant the Options to ESOP-participants in a first tranche not later than 10 June 2022 and in a second tranche not later than 30 November 2022.

  • Approval for admission to participate in ESOP 2022 is at the sole discretion of the board of directors (primarily acting through its remuneration committee).2.

  • The Shares arising out of Exercise of Vested Options shall not be subject to any lock-in period from the date of allotment of such Shares under ESOP 2022.

  • Identification of classes of employees entitled to participate in the Hardwyn ESOP 2022 The following classes of employees ("Employees"), subject to their selection as per eligibility criteria, as may be decided by the Committee, shall be entitled to participate in the Scheme:a.

  • Options exercisable into not more than 9,00,000 (Nine lakh) equity shares of the Company of face value of Rs.2.00 each (or such other number adjusted in terms of Clause 6.3 of ESOP 2022), in one or more tranches, whereby each such Option, confers a right upon the Employee to apply for one equity share of the Company, in accordance with the terms and conditions of such issue.


More Definitions of ESOP 2022

ESOP 2022 means Gandhar Employee Stock Option Plan - 2022.
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ESOP 2022 means the Stock Option Scheme 2022 under which the Company is authorized to grant Stock Options to the Employees.
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ESOP 2022 means the JNK Employees Stock Option Plan, 2022, as amended;
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Related to ESOP 2022

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.