TO THE NEW, a digital technology company, widely acknowledged for consistently contributing to its employees’ (internally referred to as ‘Newers’) growth and welfare, has announced its employee stock option scheme. As per the scheme, the company will provide stock options to all Newers who complete 1 year with the company.
Another distinct feature of the employee stock option scheme is that it allows option holders to apply for cash settlement of their vested options -- within the employment period or at the time of separation.
As per the projections, the company expects to continue its CAGR of around 50 percent and plans to go public once it hits the annual revenue run-rate of US$ 100 million in 2022.
With its innovative ESOP, TO THE NEW aims to promote inclusivity and incentivize everybody towards their contribution to the growth of the company.
Satya Sharma, CHRO & Co-founder, TO THE NEW, stated, “We are really excited to roll-out the Employee Stock Option Plan and believe that it will not only reward our people for their contribution but will also enhance the sense of ownership and belonging.”
Deepak Mittal, CEO & Co-founder of the company, stated, “Our people are our most important stakeholders. We are always trying to improve & upgrade the facilities & benefits that we offer and hence we enhance our benefits program on a continuous basis. We are glad to roll-out our Employee Stock Option plan that will help us share the wealth with everyone at TO THE NEW.”