Urban Company creates stock ownership plan for partners
Home service marketplace Urban Company has announced a Stock Ownership Plan (PSOP) for its service providers. Under this initiative, the Gurugram-based company will award stocks worth Rs 150 crore or $19.8 million to thousands of service partners over the next 5-7 years. The company will set up an evergreen trust to manage the PSOP plan, and award them at near zero cost to service partners. Urban Company has already got board approval for the first tranche of Rs 75 crore worth of stocks, to be disbursed over the next 3-4 years, it said in a press release. Continue reading Urban Company creates stock ownership plan for partners at Entrackr.
Home service marketplace Urban Company has announced a Stock Ownership Plan (PSOP) for its service providers. Under this initiative, the Gurugram-based company will award stocks worth Rs 150 crore or $19.8 million to thousands of service partners over the next 5-7 years.
The company will set up an evergreen trust to manage the PSOP plan, and award them at near zero cost to service partners. Urban Company has already got board approval for the first tranche of Rs 75 crore worth of stocks, to be disbursed over the next 3-4 years, it said in a press release.
