USD 1,000 stock bonus offered by IBM to staff

February 7th, 2011 by James

USD 1,000 stock bonus offered by IBM to staff

Technology giant IBM recently said that it will be providing USD 1,000 worth of shares to its over one lakh employees in India as part of its centennial celebrations.

IBM will give each of its employees globally a USD 1,000 stock bonus.

From in.finance.yahoo.com:

IBM employees globally, except those at the executive level, will receive USD 1,000 in stock bonuses,” an IBM India spokesperson said.

He, however, declined to comment on IBM’s India headcount, since the company does not disclose country-level employee numbers.

However, industry analysts peg the strength of the company’s India-based workforce at over one lakh. IBM has four lakh employees globally.

“The company is still working on the eligibility criteria for the bonus. However, one of the criteria is that the person has to be an employee (full-timers and part-timers included) of IBM or its wholly-owned subsidiaries before December 31, 2010,” he said.

Eligible IBM employees will be offered ”restrictive stock units” (RSU), under which the employee will be promised returns on the stocks awarded without actually owning them.

The technology giant will celebrate a hundred years of existence on June 16 this year.

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