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OYO says it's making all employees shareholders, grants discounted ESOPs
short by Dharna / on Sunday, 5 July, 2020
In a letter to staff, OYO said it's making every employee a shareholder in the company by granting them a deeply discounted employee stock ownership plan (ESOP), comparable to restricted stock units (RSUs). The employees also include those who were sent on "leave with limited benefits". The RSUs can only be vested after a year from the date of grant.
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