Capgemini opens ESOP to India staff – Times of India

Capgemini opens ESOP to India staff – Times of India



BENGALURU: French IT agency Capgemini mentioned nearly all of its 1.7 lakh staff in India at the moment are eligible to take part within the firm’s eleventh worker share possession plan (ESOP). The eligibility standards for the ESOP embody a minimal tenure of three months with the corporate as of the subscription date, which applies to each world and India-based staff.
Capgemini informed TOI that the minimal funding required for its worker share possession plan is 100 euros, which is roughly equal to Rs 9,000. The corporate additionally mentioned that “the utmost funding, together with the leverage impact, is 25% of the annual compensation”.
Capgemini’s new worker share possession plan is obtainable to roughly 97% of the staff. The ESOP can be carried out by means of a capital improve reserved for the Capgemini staff for a most of 27 lakh shares (1.5% of excellent shares).
Below the ESOP, staff will make an preliminary funding in euros, which can be locked in for a interval of 5 years. Throughout this lock-out interval, individuals may have the chance to profit from the efficiency of Capgemini’s share value.







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