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Soham, a member of the compensation committee of a company is considering devising an ESOP scheme for employees. The current valuation of the shares of the company is Rs. 50 per share. He wants to confer options to purchase shares at Rs. 40 per share to key employees. He is of the view that the options should vest with employees immediately. The objective of the ESOP scheme is to ensure key employees remain committed to the company and benefit from its long-term growth. He approaches the CFO and you as the internal legal counsel of the company for advice. Is he adopting the correct ESOP strategy? Choose the most appropriate option.