The Employee stock option plan (“ ESOP ”) is a scheme or plan that provides an option/ right to the directors, officers or employees of a company or of its holding company or subsidiary company to purchase or to subscribe to the shares of the company at a future date at a pre - determined price. The person to whom such option has been granted by a company has an option to exercise such right to subscribe shares of the company at a future date, but not before a year from the date of grant of such option. The pre - determined price is arrived at afte r the valuation of shares of the company has been conducted by a SEBI Registered Merchant Banker – Category I. Tatva Legal, Hyderabad, amongst other services, provides comprehensive employment law related legal services and our team of experienced lawyers advise on all aspects of labour law , catering to the needs of both the private secto r and public company employees. Read More: https://tlegal.com/blog - details/employee - stock - options - in - the - context - of - a - private - limited - company - in - india