How to Set Up an Employee Stock Option Plan?

An Employee stock option plan (ESOP) is a strategic company initiative designed to grant employees company shares. These share options are typically subject to a vesting schedule or other predetermined criteria. Consider an example where an employee is granted 100 share options with a 4-year vesting period, tying the vesting process to individual performance or the attainment of significant milestones. What do such ESOP plans imply for employees? These help boost employee motivation, retain the crème de la crème, and make everyone feel part of something groundbreaking