What is ESOP(Employee Stock Ownership Plan) ?

Question

What is ESOP(Employee Stock Ownership Plan) ?

Answer 1

It's an employee benefit that instead of paying actual cash for a service rendered, the employee will be granted a stock option.

Answer 2

An employee stock ownership plan (ESOP) is a way in which employees of a company can own a share of the company they work for. There are different ways in which employees can receive stocks and shares of their company. Employees can receive them as a bonus, buy them directly from the company, or receive them through an ESOP.