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This excerpt taken from the PTI 6-K filed Jun 8, 2009. RESOLVED FURTHER THAT options granted to Non-Executive Directors,
including Independent Directors, shall not exceed 150,000 options in a
financial year and in aggregate shall not be more than 1,500,000 under the said
Patni ESOP Plan.”
This excerpt taken from the PTI 6-K filed Jun 8, 2006. RESOLVED FURTHER THAT the total number of ADR Linked Options to be
issued, the conversion of certain outstanding options into ADR Linked Options,
the identification of classes of employees entitled to participate and/or
convert, the issue price, the appraisal process for determining eligibility of
employees, and the maximum number of ADR Linked Options to be issued per
employee and in the aggregate shall be decided by the Board in accordance with
the Resolutions, the Amended Patni ESOP 2003, the Securities and Exchange Board
of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme)
Guidelines 1999, as amended and any other applicable laws, rules, regulations
and guidelines, provided that each ADR Linked Option granted shall be entitled
to two equity shares of the Company and each ADR Linked Option shall vest after
such minimum period as may be determined by the Board from time to time.”
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