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  4. What are the payment options for the ADR RSU process?

What are the payment options for the ADR RSU process?

  • In order to get benefit from this stock incentive, you need to ‘Exercise’ the ADR RSU.
  • By ‘Exercise’, we mean you choose any of the following Payment Options and complete the process with the payment mode you select.
  • Cashless – Sell All:

    • If you choose this option, you must upload the signed Sale Authorization Form.
    • This means you authorize the broker (MSSB) to sell the stock on your behalf in the secondary market. The broker (MSSB) will deduct Exercise price & applicable taxes & credit your Broker account for net proceeds.
    • You may later instruct the broker to transfer the amount to your bank account.
  • Cashless – sell partial:

    • If you choose this option, it means you allow the broker to sell only a specific number of stocks that will cover Exercise price and taxes.
    • The remaining stock will be credited to your Broker account(or Demat Account?).
    • You can hold the remaining stock of the company in your Broker account(or Demat Account?).
  • Cash – Wire-transfer:

    • This option means you want to completely hold on to the stocks that are now vested.
    • You have to pay for the Exercise price & applicable tax as mentioned in our previous email.
    • Once the allotment process is complete, the stock will be credited to your Broker account (or Demat Account?).

Updated on March 31, 2021

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