Moschip Semiconductor Technology Ltd has informed that the Compensation Committee of the Company vide Circular Resolution effective September 22, 2008, has granted :
1. 23,13,000 Stock Options to the eligible employees of the Company under Stock Option Plan 2001, 2002, 2004 & 2008 at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 4 years from the date of grant and can be exercised within 5 years from the date of vesting.
2. 4,54,054 Stock Options to the eligible employees of the Company under Stock Option Plan 2008 (ALR) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting.
3. 4,00,000 Stock Options to the directors of the Company under Stock Option Plan 2008 (Director) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting
1. 23,13,000 Stock Options to the eligible employees of the Company under Stock Option Plan 2001, 2002, 2004 & 2008 at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 4 years from the date of grant and can be exercised within 5 years from the date of vesting.
2. 4,54,054 Stock Options to the eligible employees of the Company under Stock Option Plan 2008 (ALR) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting.
3. 4,00,000 Stock Options to the directors of the Company under Stock Option Plan 2008 (Director) at a price of Rs 13.15 per Option (Closing price as on September 19, 2008). These Options will vest after completion of one year, equally in a span of 2 years from the date of grant and can be exercised within 5 years from the date of vesting
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