Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Surajit Singh Yadav (Trainee LLB)     16 January 2014

Bond

QUESTIONS TO LAWYEARSCLUB INDIA?

 

PLEASE CLEAR THE CLAUSE  1.(V)  REGARDING LIEN?

 

CLAUSE  2.(1)  CLEAR?



Learning

 1 Replies

V. VASUDEVAN (LEGAL COUNSEL)     19 January 2014

The Lien means, the power of the Company to have a first charge on any benefits accrued to you during your employment and nobody else can have

better title

secondly the vesting period as per the bond attached means, the shares that is offered will vest in your favour only after 5 years from the date of its offer and from such date you will have to remain in the service for a further period of 2 years!


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register