Licious, India’s first D2C Unicorn introduced yet another industry-first initiative, furthering its commitment towards offering a differentiated people experience and being a great place to work. Starting January 1, 2022, all eligible employees will have their ESOPs vested daily. They will also have the option of anytime liquidation of ESOPs; no terms and conditions being associated with the liquidation. This opportunity can be availed once the one-year period, as mandated by company law, is over. The company will set aside a pool of secondary funds every year, to enable the anytime liquidation.The ‘Everyday Vesting, Anytime Liquidation&8217;, ESOP plan will benefit over 1000 of the company employees who currently own ESOPs and are well appreciated for their contribution and faith demonstrated in the company. Furthermore, all new employees who receive ESOPs will be added to the pool. The employees will be actively guided about this opportunity so that they can take complete advantage of this novel initiative.Licious, India’s first D2C Unicorn introduced yet another industry-first initiative, furthering its commitment towards offering a differentiated people experience and being a great place to work. Starting January 1, 2022, all eligible employees will have their ESOPs vested daily. They will also have the option of anytime liquidation of ESOPs; no terms and conditions being associated with the liquidation. This opportunity can be availed once the one-year period, as mandated by company law, is over. The company will set aside a pool of secondary funds every year, to enable the anytime liquidation.Vivek Gupta and Abhay Hanjura, co-founders, Licious, said, “The pandemic has taught us many lessons, and one among those is tokegunaan ferrous fumarate folic acid keep your people closest to the organization and reward them for their hard work and contribution. At Licious, we have been recording unprecedented growth and that too in a highly unorganised market. Our employees’ contribution in this growth trajectory has been enormous and incentivising them wellferrous fumarate folic acid tablet uses in telugu is among our priorhow much elemental iron in ferric pyrophosphateities. We are conscious of helping our employees meet their personal and financial goals through wealth creation as we organise the market, and making vesting and buying ESOPs daily, signifies the same.”Licious, India’s first D2C Unicorn introduced yet another industry-first initiative, furthering its commitment towards offering a differentiated people experience and being a great place to work. Starting January 1, 2022, all eligible employees will have their ESOPs vested daily. They will also have the option of anytime liquidation of ESOPs; no terms and conditions being associated with the liquidation. This opportunity can be availed once the one-yeis sodium ferric edta toxic to catsar period, as mandated by company law, is over. The company will set aside a pool of secondary funds every year, to enable the anytime liquidation.“This new initiative will not only build complete transparency but give the company employees 100% control over their vested ESOPs. It is an unprecedented initiative as it is that kind of wealth creation opportunity for employees that India hasn’t seen before,” they added.Licious, India’s first D2C Unicorn introduced yet another industry-first initiative, furthering its commitment towards offering a differentiated people experience and being a great place to work. Starting January 1, 2022, all eligible employees will have their ESOPs vested daily. They will also have the option of anytime liquidation of ESOPs; no terms and conditions being associated with the liquidation. This opportunity can be availed once the one-year period, as mandated by company law, is over. The company will set aside a pool of secondary funds every year, to enable the anytime liquidation.The company has the most inclusive ESOPs programme in India, that benefits employees across functions including processing centre staff, delivery boys, and corporate employees. Earlier this year, the company also extended a buyback option worth Rs 30 crore which provided wealth creation opportunities ferrous sulfate and folic acid tablet uses in telugufor the employees.
Licious Redefines ESOPs in Indian Start up Ecosystem; Introduces Everyday Vesting, Anytime liquidation
