A number of multinational and non-multinational groups would prefer to work with the best employees for an extended duration. This method is essential for the better survival of an organization in this highly competitive market.
The employee stock option plan is a scheme that is utilized by the organizations for providing ownership interest to their employees. You can also call this as the equity incentive plan. The employee stock option plan is controlled by section 62(1) (b) SEBI guidelines, 1999 and companies act, 2013. The SEBI provided the newest revisions in strategies in the year 2014, which was followed by an amendment in the year 2015.
This plan for employees is a choice provided to its directors and employees with the advantage or the authority to buy the stock of the organization at a fixed price.
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