In such a scenario, Employee Stock Option Plan (ESOP) has emerged as a handy tool for employee retention. ESOP gives the employee a right to buy a specific number of company's shares at a fixed price within a certain period of time. ESOP inculcates a feeling of being the "Owner" and the Employees tend to perform better, thus leading to the Organisation’s betterment as well as the Employee enrichment. ESOP, thus, aligns the Promoters’ wishlist with the employee interest. ESOPs can even be granted to the employees of the Company’s holding/ subsidiary companies as well.
ESOPs can be given by different modes and in different types. There are various Laws governing the ESOPs and an improperly drafted Plan can reverse its very purpose. Thus, with a view to simplify the understating of the Complexities of implementing ESOP plans in companies- Listed or Unlisted, Corporate Knowledge Foundation (CKF) jointly with www.ESOPonline.in is organizing Master Class on ESOPs at Mumbai and Delhi.
The event is a must attend for professionals from all fields-Finance/ Legal/ Secretarial/ HR/ Consultants/ Entrepreneurs etc.