Nvidia has introduced the “Jensen Special Grant” for employees in India, adding an extra 25% to their initial restricted stock units. The benefit vests over four years, with the estimated value calculated in local currency and converted to US dollars using a ₹82.9 per dollar exchange rate.
The Finance Minister has updated the Companies Act to modernise executive pay rules. Companies can now recognise employee reward instruments like restricted stock units and stock appreciation rights, moving beyond the traditional ESOP model. The shift is designed to give firms more flexibility to attract and retain talent, while aligning pay structures with current market practices.
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