Capgemini opens ESOP to India staff – Times of India

BENGALURU: French IT firm Capgemini said the majority of its 1.7 lakh employees in India are now eligible to participate in the company’s 11th employee share ownership plan (ESOP). The eligibility criteria for the ESOP include a minimum tenure of 3 months with the company as of the subscription date, which applies to both global and India-based employees.
Capgemini told TOI that the minimum investment required for its employee share ownership plan is 100 euros, which is approximately equivalent to Rs 9,000. The company also said that “the maximum investment, including the leverage effect, is 25% of the annual compensation”.
Capgemini’s new employee share ownership plan is offered to approximately 97% of the employees. The ESOP will be implemented through a capital increase reserved for the Capgemini employees for a maximum of 27 lakh shares (1.5% of outstanding shares).
Under the ESOP, employees will make an initial investment in euros, which will be locked in for a period of 5 years. During this lock-out period, participants will have the opportunity to benefit from the performance of Capgemini’s share price.