Zomato Approves Grant of 12 Million ESOPs Worth Rs 330 Crore to Employees

Zomato Approves Grant of 12 Million ESOPs Worth Rs 330 Crore to Employees

At the current market price, Zomato’s entire ESOP scheme becomes worth Rs 330.17 crore. Zomato’s stock options granted shall be capable of being exercised within (a) 10 years from the date of vesting of options, or (b) 12 years from the date of listing, whichever is later under ESOP 2014 and ESOP 2021. Food delivery … Read more

ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of between 5 per cent to 15 per cent of their original bonus, according to Hua Wei, head of human resources at ByteDance, in an internal … Read more