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Shaping the future of software driven business
Consolidated Financials •
253
Notes forming part of consolidated financial statements (Contd.)
The vesting period and conditions of the above ESOP schemes is as follows:
All the above ESOP schemes have service condition, which require the employee to complete a specified period of service,
as a vesting condition. The vesting pattern of various schemes has been provided below:
(i) Scheme I to V, VII, VIII and X:
Service period from the date of grant
% of Options vesting
Scheme I to V & X Scheme VII
Scheme VIII
12 Months
10%
20%
25%
24 Months
30%
40%
50%
36 Months
60%
60%
75%
48 Months
100%
80%
100%
60 Months
NA
100%
NA
(ii) Scheme VI:
Service period from the date of grant
% of Options vesting
18 Months
30%
Every quarter thereafter
5%
(iii) Scheme IX:
Service period from the date of grant
% of Options vesting
30– 60 Months varying from employee to employee
100%
(iv) Scheme XI:
Service period from the date of grant
% of Options vesting
3 years
Based on credit points earned
(v) Scheme XII:
Service period from the date of grant
% of Options vesting
1 year
100%
b) Details of activity of the ESOP schemes
Movement for the year ended March 31, 2019 and March 31, 2018:
ESOP
Scheme
Particulars
Year Ended Outstanding at
the beginning
of the Year
Granted
during
the Year
Forfeited
during the
Year
Exercised
during
the Year
Outstanding
at the end
of the Year
Exercisable
at the end
of the Year
Scheme I
Number of Options March 31, 2019
20
-
-
2
18
18
Weighted Average
Price
March 31, 2019
4.19
-
4.19
4.22
4.42
4.42
Number of Options March 31, 2018
6,583
-
6,559
4
20
20
Weighted Average
Price
March 31, 2018
5.51
-
5.51
5.56
4.19
4.19
Scheme II
Number of Options March 31, 2019
103
-
-
100
3
3
Weighted Average
Price
March 31, 2019
47.51
-
-
48.21
24.18
24.18
Number of Options March 31, 2018
4,603
-
-
4,500
103
103
Weighted Average
Price
March 31, 2018
48.20
-
-
48.21
47.51
47.51