This ESOP letter (Employee Share Option Plan letter) is a formal offer provided to an employee that outlines the specific terms of their equity grant. It typically includes details such as the number of options offered, the exercise price, the vesting schedule, any applicable performance conditions, and other key terms relevant to the grant. The ESOP letter is designed to be read in conjunction with the ESOP Rules (also on Campfire), which govern the overall structure and operation of the company’s option plan. Together, these documents set out the rights and obligations of the employee in relation to their participation in the plan. The ESOP letter acts as a personalised agreement between the company and the employee, confirming their eligibility and participation in the equity scheme.
This ESOP letter (Employee Share Option Plan letter) is a formal offer provided to an employee that outlines the specific terms of their equity grant. It typically includes details such as the number of options offered, the exercise price, the vesting schedule, any applicable performance conditions, and other key terms relevant to the grant. The ESOP letter is designed to be read in conjunction with the ESOP Rules (also on Campfire), which govern the overall structure and operation of the company’s option plan. Together, these documents set out the rights and obligations of the employee in relation to their participation in the plan. The ESOP letter acts as a personalised agreement between the company and the employee, confirming their eligibility and participation in the equity scheme.
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