Synopsis
A handful of startups, including PhonePe, Licious, ShareChat and Wakefit, have recently rewarded employee stock ownership plans (ESOPs) to their employees across the board.
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ESOPs for startups in India has been behind the curve compared to the US, where most startups offer it across the board. But the situation is now changing.
Mumbai: Employee stock ownership plans (ESOPs), which were once used as a tool to tie senior management to business objectives and make their pay competitive, is now being given out to employees across the board by some startups especially the ones in sectors that saw their business and revenue hit new benchmarks despite the pandemic.
Nautilus becomes employee-owned business
NED has provided lighting design, theatre consulting, and A/V system design for projects worldwide
USA - Nautilus Entertainment Design, Inc. (NED) has announced that after 30 years in business, the company founders Laura and Jim Tetlow, are selling their stock to the company ESOP (Employee Stock Ownership Plan.) With this sale, the company will become 100% employee-owned. Jim Tetlow will continue in a consultancy role as principal consultant and lighting designer for select shows and projects in an effort to provide NED’s clients with a multi-year seamless transition. Jim Tetlow comments, “When we started the business 30 years ago, our focus was on lighting design for TV and live events. At that time, it never occurred to us that we would expand into so many more disciplines including architectural lighting design, A/V system design, and theatre consulting. One of our proudest achievements is the fact that we have built a team of pro
Read more about Axis Bank allots 41,000 equity shares under ESOP on Business Standard. The paid up share capital of the Bank will accordingly increase Rs. 612,34,51,634(306,17,25,817 equity shares of Rs. 2/- each) to Rs. 612,35,33,634 (306,17,66,817 equityshares of Rs. 2/- each).
Organizations do big projects with Drupal
February 1, 2021
Strategy, design and Drupal development for large-scale publishers. Lullabot, Inc. is pleased to announce the transition to employee ownership by becoming a 100% employee-owned company.
We have always believed in equity and inclusion as central tenets of our culture. Becoming 100% employee-owned allows us to take these values to the next level, and show the team we really me
Lullabot, Inc. (Lullabot or the Company) is pleased to announce the transition to employee ownership by becoming a 100% employee-owned company through the sale of stock to a newly created Employee Stock Ownership Plan (ESOP). Atlantic Management Company, Inc. (Atlantic Management) served as independent financial advisor to the trustee of the ESOP.
Quess Corp has allotted 40,919 equity shares of Rs. 10/- each to the option holders who have exercised
it under the ESOP 2015.
Consequent to the aforesaid allotment, the paid up share capital of the Company has increased to 14,76,78,864 equity shares of Rs.10/- each aggregating to Rs. 1,47,67,88,640.
The company has also granted 154,290 RSUs at a face value of Rs.10/- per RSU to the eligible
employees, which shall vest not earlier than 1 (One) year and not later than 6 (Six)
years from the date of grant of RSUs, based on performance parameters and terms and conditions of QSOP 2020.
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