Employee Stock Option Plans
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What are Employee Stock Option Plans?
Employee Stock Option Plans (ESOP) is an employee benefit plan that enables employees to own part or all of the company they work for.
ESOPs are most commonly used to facilitate succession planning, allowing a company owner to sell his or her, shares and transition flexibly out of the business, or buy a set number of shares of the company stock at a preset price. Which is also known as the grant price.
This offer doesn't last forever, though. You have a set amount of time to exercise your options before they expire.
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