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Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
283
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 specioed 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, 2017 and March 31, 2016:
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 Option March 31, 2017
8,510
-
-
1,927
6,583
6,583
Weighted Average
Price
March 31, 2017
6.04
-
-
7.88
5.51
5.51
Number of Option March 31, 2016
8,524
-
-
14
8,510
8,510
Weighted Average
Price
March 31, 2016
6.04
-
-
5.12
6.05
6.05
Scheme II
Number of Option March 31, 2017
7,603
-
-
3,000
4,603
4,603
Weighted Average
Price
March 31, 2017
48.20
-
-
48.21
48.19
48.19
Number of Option March 31, 2016
13,606
-
-
6,003
7,603
7,603
Weighted Average
Price
March 31, 2016
48.20
-
-
48.20
48.20
48.20