Our company offers an employee stock ownership plan (ESOP) where employees receive company stocks worth 2 lakhs after 1 year of employment. To participate, employees must sign a 3 year contract. Once approved for the ESOP, employees will receive a letter informing them of the number of stock options granted. Employees can then exercise vested options by submitting an exercise application to convert options to equity shares.

2. Employee stock
ownership plans

3. DETAILS
• Our company offers stocks worth of 2 lakhs to the employees after completing 1 year
in the company.
• Any employee availing the ESOP Scheme will have to sign a bond of minimum 3 yrs.
• Once an ESOP scheme is approved, a Letter of Grant will be issued to the employee
informing him how many options are being granted to him.
• In the event an employee wishes to exercise any of his vested options, he should
make an Exercise Application to his employer company pursuant to which his options
would be converted into equity.