Page 278 - Demo

Notes to financial statements
for the year ended March 31, 2020
32 PAyMeNTs TO AudITORs' (sCheduLe -16 AudITORs' fees ANd eXPeNses)
Audit Fees
tax Audit Fees
other Services
out-of pocket expenses Total
33 shARe-bAsed PAyMeNTs
33 (A) employee share option plan (esOP)
33 (A) (1) details of the employee share option plan of the bank
(` in 000's)
4,022 109 2,780 161 7,072
Particulars
year ended 31/03/2020
109
Year ended 31/03/2019
3,706
4,469
386
8,670
the Bank has share option scheme for employees (which includes the employees of the Holding Company) , being eSop 2019.
esOP 2019
the eSop 2019 is the scheme under which the Bank has issued options to the employees (which includes the employees of the Holding Company). the Bank has approved its eSop plan, 2019 in the Shareholders meeting held on March 29, 2019. on August 08, 2019, the nomination & Remuneration Committee of the Bank has granted 37,000,403 eSops at `35 per shares to eligible employees of the Bank (which includes the employees of the Holding Company).Further, pursuant to the resolution passed by nomination & Remuneration Committee on December 4, 2019, 3,798,697 additional options were granted under eSop 2019 scheme. As on March 31, 2020, the Bank eSop 2019 pool comprises of 40,799,100 options (including the original pool of 37,000,403 options plus 3,798,697 options added on December 4, 2019).
the Bank has granted 40,799,100 options under the eSop 2019 to eligible employees (which includes the employees of the Holding Company) during the year ended March 31, 2020. As on March 31, 2020, out of the 40,799,100 options granted, nil options has been exercised and 2,723,243 options are lapsed. Further, 38,075,857 options are yet to be vested.
the vesting period for the options granted under eSop 2019 is as under:
Year
Options Granted
Year 1
Year 2
Year 3
Year 4
Year 5
eSop 2019 - original
eSop 2019 - Additional
Total
37,000,403 20% 20% 20% 20% 20%
3,798,697 52% 48%
40,799,100
the following share-based payment arrangements were in existence during the current year:
Options Series
Number
Grant Date
Date of Vesting
Expiry Date
Exercise Price
Fair value at Grant Date
eSop 2019 - original
eSop 2019 - Additional
37,000,403
3,798,697
08-08-2019
08-08-2019
08-08-2019
08-08-2019
08-08-2019
04-12-2019
04-12-2019
07-08-2020
07-08-2021
07-08-2022
07-08-2023
07-08-2024
12-12-2020
12-12-2021
07-08-2025
07-08-2026
07-08-2027
07-08-2028
07-08-2029
12-12-2025
12-12-2026
35 17
35 19
35 21
35 23
35 24
35 17
35 19
276 | AnnuAl RepoRt 2019-20