Securities And Exchange Board Of India - Subsection
Section 9(6) in Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014
(6)In the event of resignation or termination of the employee, all the options, SAR, or any other benefit which are granted and yet not vested as on that day shall expire:Provided that an employee shall, subject to the terms and conditions formulated by the compensation committee under the sub-regulation (3) of regulation 5, be entitled to retain all the vested options, SAR, or any other benefit covered by these regulations.
