ESOP meaning in Accounts and Finance ?

Answer:

What is Employee Stock Ownership Program mean?

Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). Employees typically acquire shares through a share option plan. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service).

Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with worker cooperatives or co-determination, employee share ownership may not confer any meaningful control or influence by employees in governing and managing the corporation.

Some companies, particularly private companies, use employee share ownership to support a company's culture. Employee ownership is when all employees together own a substantial stake and have a meaningful voice in the company (or group) that employs them.

A number of countries have introduced tax advantaged share or share option plans to encourage employee share ownership.

reference

Full Form	Category
Earth Science Outreach Program	Academic & Science
Employee Stock Ownership Program	Accounts and Finance
Employee Stock Option Plan	Accounts and Finance
Employee Stock Ownership Plan	Business
European Symposium On Programming	Computer Technology
Engineering Software Open Platform	Computing
Associacao de Empresas de Software Open Source Portuguesas	Computing
Educational Smart, Occasionally Playful	General
Employee Standard Operating Procedure	Governmental
Employee Share Ownership Plans	Governmental
Extended Sales and Operations Planning	Governmental
Enhanced Switch Operating Position	Military and Defence
European Society of Oncology Pharmacy	Regional
Employee Stock Option Program	Stock Exchange
Employee Stock Options Plan	Stock Exchange