2 million share incentive plan to be launched by sci-tech monitoring

NetEase Finance January 18 science and technology monitoring announced the evening announcement, the company intends to grant incentive objects restricted shares 2 million shares, the company has issued 3% of the total share capital, awarded the price of 39.76 yuan. The announcement shows that the incentive scheme used in this incentive plan is restricted stock.　　The number of restricted shares granted to the incentive object under this plan is 2 million shares, 3% of the total amount of the company's issued share capital, of which 1.8 million shares of restricted shares are granted for the first time, and 200,000 shares of restricted shares are reserved for 10% of the total restricted shares of this incentive scheme. The incentive plan is valid for 60 months and is calculated from the date of the restricted stock grant. 12 months from the date of Grant as a lock-up period, during the lock-up period, the restricted stocks granted by the incentive object are locked and may not be transferred; After the lock-up period, if the lock period is reached, if the conditions for unlocking this plan are met, the target can be unlocked four times: 12 months after the grant date, 24 months later,　　36 months and 48 months later, respectively, the total number of restricted shares can be unlocked by 25%. Science and technology monitoring said that the unlocked restricted shares can be freely circulated according to law.　　If any period of the company's performance does not meet the unlocking conditions, the shares may not be unlocked, the company must repurchase and write off the part of the restricted shares.　　The incentive object each time to apply for restrictive stock unlock company performance conditions, in the incentive plan period of validity, with 2010 year net profit as the base, 2011-2014 years relative to 2010 of net profit growth rate is not less than 20%, 45%, 75%, 110%. As of January 14, the trading day closed, science and technology monitoring reported 76.81 yuan, up 1.74%.