ESOP Policy

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An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company. Under the ESOP scheme the employer gives certain stocks of the company to the employee for negligible costs which remains in the ESOP trust fund.

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Document draft - Customize

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60 minutes Talk time with Lawyer

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First Draft delivered within 3 working days

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2 Iterations for Document changes

₹ 4999

₹ 8332

40% off

Document Review

icon

60 minutes Talk time with Lawyer

icon

Document review and consult with the Lawyer

icon

Redline version delivered within 8 working hours

₹ 2499

₹ 4165

40% off

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Contents of ESOP Policy

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    Objectives

    This clause in the ESOP policy defines the objectives of the scheme. It lays down the objective, terms and conditions of the scheme.

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    Details of equity shares

    This clause in the policy explains the different terms and interpretations in the policy. It defines terms like Board of Director, vesting options, exercise period, promoter and grant.

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    Eligibility criteria

    This clause in policy explains who is eligible to get a grant or vested option. It prescribes the criteria to avail the scheme. The criteria would be based on years of service, seniority, work performance and merit.

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    Vesting of options

    Vesting is the process by which an employee can apply for the shares of the company against the rights granted to him. During the vesting period the employee can apply for shares.

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    Rights

    This clause prescribes the rights of the employee once he gets the shares. It also clearly states the terms of issuance of shares and their transferability.

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    Dispute resolution

    The policy states how conflicts and disputes are to be resolved by the parties. A dispute resolution clause provides the parties legitimate legal remedies.

Benefits of ESOP Policy

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    The ESOP is generally designed to benefit employees who contribute to the company and employer for the longest time period. It is a vital retirement asset for the employee.

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    When the ESOP ends, the employee is entitled to receive his vested benefits.

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    ESOP helps the employer raise equity and provide rewards to the employees.

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    60 Minutes of Talk time with the Lawyer for discussing requirements and changes in the draft

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    First Draft within 3 Days

    First draft of the Document will be delivered within a maximum of 3 working days

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Frequently asked Questions

What is vested interest?

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A vested interest refers to an individual’s own stake in an investment or project, especially where a financial gain or loss is possible.it gives an individual access to property such as stocks, funds, bonds and securities.

Who is eligible for ESOP?

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Employees excluding directors and promoters of a company are eligible for ESOP.

I have ESOP Policy; how can I get it reviewed by a Lawyer?

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ezyLegal can help you get your ESOP Policy reviewed and provide you with the right legal guidance. You can upload your document and schedule your Consultation with an ezyLegal Lawyer.

What is the process of getting the Agreement drafted from ezyLegal?

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ezyLegal offers Standard and Customized Document drafts. If you chose the Customized Document option, your call will be scheduled with a Lawyer to whom you can explain your specific requirements. The first draft will be delivered within 2 working days and then you would be allowed 2 iterations to make changes in the draft.

How will the Document be delivered to me?

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