Whether it is a start-up company or a Multi-National Company, they want to retain and groom talent
and also make its employees feel connected and valued. Employee Stock Option Plan (ESOP) is a
potent tool to do so. Most of the companies nowadays offer its shares to its employees at a lower or
same rate, so as to make employee a part of the growth of company. It is a prudent practice, both
for employee and employer, to get ESOP Agreement made by professional or vetted by professional
as the stakes could be high. ESOP has been a new concept in India and hence many employees or
employers are unaware of the technicalities of ESOP Agreement and later on repents if the wordings
are construed against them.
An ESOP should be a fool proof document which should state Strike Price, Strike Period, Duration,
Terms and Conditions etc. lucidly. Ca4you-legal undertakes the job of vetting ESOP Contract starting
from Rs 1,499/-. Review of Employment Contract starts from Rs 499/-