QUESTIONS TO LAWYEARSCLUB INDIA?
PLEASE CLEAR THE CLAUSE 1.(V) REGARDING LIEN?
CLAUSE 2.(1) CLEAR?
Surajit Singh Yadav (Trainee LLB) 16 January 2014
QUESTIONS TO LAWYEARSCLUB INDIA?
PLEASE CLEAR THE CLAUSE 1.(V) REGARDING LIEN?
CLAUSE 2.(1) CLEAR?
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!