Hello everyone,
I hope you're doing well. I have a question regarding the handling of holiday pay for employees who are on long-term sick leave.
According to our company policy, employees continue to accrue holiday entitlement while on sick leave, but we are unsure how to handle the payment for these days when they eventually return. Should we pay out the accumulated holiday pay as a lump sum upon their return, or can it be used towards future leave days?
I’m particularly interested in hearing from those who have dealt with similar situations in their compliance practices, and what specific regulations or guidelines you follow in such cases.
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Thank you in advance for your insights!
Best regards,
What is the process for granting Phantom Stocks to employees? Are there any specific requirements or documentation involved?
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Can Phantom Stocks be used as a substitute for Employee Stock Option Plans (ESOPs) in Indian companies?
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Does MD or ED of the company related to promoter group, fall under the
definition of employees for the purpose of ESOP?
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Are employees of joint ventures eligible to receive benefits under Share Based Employee Benefits schemes?
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What is the reason behind the passing of separate Special Resolution for issuing shares to employees under ESOP Scheme?
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Are SBEBS meant for all kinds and cadres of employees? What kinds of
employees are eligible for SBEBs?
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Can the Company or its group companies provide loans to employees for
acquiring shares under ESOP?
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Are there any restrictions on how employees can fund the acquisition of
shares under ESOP?
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Are there any relaxations for individual employees/directors of an Indian company engaged in the field of software for acquisition of shares in their JV/WOS abroad?
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What is the mandatory requirement specified by SEBI for “Alignment of interest of Designated Employees of asset management companies with the Unit holders of the mutual fund schemes”?
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Can a foreign subsidiary of an Indian company issue ESOPs to employees of its holding company and vice-versa? Would such schemes be governed by Indian law or foreign law?
