Task: Compose pairs of factual questions and answers for the optical character recognition output (OCR) context given below

Context: Appointed Non-Executive Director w.e.f. 27th July, 2012.
# Appointed Non-Executive Director w.e.f. 6th September, 2012.
responsibility. Non-Executive Directors are also entitled
Note: Disclosure with respect to Non-Executive Directors - Pecuniary relationship: None.
to sitting fees for attending meetings of the Board and
Committees thereof, the quantum of which is determined
Employee Stock Option Schemes
by the Board, within the limit approved by the
Shareholders. The sitting fees, as determined by the
The Company granted 64,94,970 Options during the
financial year to the eligible employees of the Company
Board, are presently ₹ 20,000/- for attending each
and some of its subsidiary companies.
meeting of the Board, Audit Committee, Compensation
Committee, Nominations Committee and Sustainability
Each Option entitles the holder thereof to apply for and
Committee and ₹ 5,000/- for each meeting of the Investor
be allotted ten Ordinary shares of the Company of ₹ 1/-
Services Committee. Non-Executive Directors are also
each upon payment of the exercise price during the
entitled to coverage under Personal Accident Insurance.
exercise period. The exercise period commences from
ITC Report and Accounts 2013
19

List of questions and answers: