NEW DELHI: In order to retain talent, India's second largest IT firm Infosys Thursday said its board has approved a series of performance-based incentives for its employees. This apart, the board also approved stock incentives for the company CEO Salil Parekh and COO U.B. 1) 'Expanded Stock Ownership Program 2019' proposes to allocate five crore shares to incentivise employees based on performance. 2) Infosys said it is proposed that CEO and Managing Director Salil Parekh be granted annual performance-based stock incentives in the form of restricted stock units (RSUs) worth ₹10 crore under the 2019 Plan. 5) The new plan is different from Infosys' 2015 plan.

Source: Mint May 17, 2019 13:41 UTC