Incentive stock options exercised uniform uniform unlock batches.

<P> Exercise restriction period of not less than 2 years, for a period not less than 3 years, restricted stock lock-up period of not less than 2 years, unlock a period of not less than 3 years </ P> <P> compared to China .The SFC issued this year, effective January 1 of the "Corporate Equity Incentive Management (tentative)", "pilot scheme" in the exercise incentive stock options limitation period, and exercise progress and unlock other restricted stock .has done more stringent requirements. .</ P> <P> "pilot scheme" provides that in the equity incentive plan period, each stock option granted shall be set to limit the exercise period and exercise period, according to the timetable set by the exercise in groups ., which limits the exercise of the options from the grant date (authorization) until the effective date of option (the vesting date) the period ended, the right to limit the line of principle, not less than 2 years can not be exercised in limiting the period. .The "management approach" provides equity options grant date and can be subject to option exercise date for the first time interval between not less than 1 year. .Therefore, "pilot scheme" limits on the exercise of the put forward higher requirements. .</ P> <P> addition, the "pilot scheme" provides that the exercise period of options lapsed effective date to the period, according to the actual identification by the listed company, but not less than 3 years. .Validity of the principle of the right line to take the right of way line of uniform batches over the period of exercise, their rights automatically expire and can not be traced back to exercise. .The "management approach" only simple provisions in stock option period, the listed company should provide the right incentive objects batch line, as is fast, uniform, or slow down the exercise, made no specific instructions. .</ P> <P> for the sale of restricted stock, "pilot scheme" has been clearly defined. .In the equity incentive plan period, each restricted stock granted, the lock-up period of not less than 2 years. .Lock-up expires, according to equity incentive plans and performance targets identified incentives completion to unlock the object (to transfer, sell) the number of shares. .Unlock a period of not less than 3 years, in principle, taken during the unlock unlock uniform approach. .The "management approach" does not limit the line of stock and unlocking of the lock-up period to be specified. .</ P> <P> incentive object in order to prevent the use of information advantages in term of all options exercised or cash incentives, "pilot scheme" set "period clause" provisions granted to directors, senior management staff of the shares, should be based on .term test or exercise of economic responsibility audit results or cash. .Stock options granted, there should be no less than 20% of the total grant leave to serve (or term) underwent right passed the examination; granted restricted stock shall be not less than 20% of the part of the lock to the office (or office) .after the expiration of honor. .</ P>.