ESOP Documentation (Employee Share Option Plan)
This ESOP (Employment Share Option Plan) Documentation is suitable for employees of small businesses in Australia.
4.7 (17 reviews)
Under 15 minutes
Suitable for Australia
Document Overview
Employee Share Option Plans (ESOPs) give startups a way to issue options to purchase shares to their employees. This provides employers with a means for attracting and retaining staff in line with shareholder interests, as the better the company performs the more financial benefit the employee will receive.
The Offer Letter is used to offer these options to eligible employees as well as outline the specific terms of the offer to each employee. The Board Resolution is required to document the approval of an employee's participation in the company's Employee Share Option Plan.
Note: in order to be eligible for the ESS Start-Up Concession, your ESOP needs to meet certain criteria. To check whether you are compliant, see ESS Start-Up Concession Eligibility Check.
Why do you need this ESOP Documentation?
An ESOP is necessary to establish your employee option plan and to set out specific terms of an offer of options to an employee. Apart from being legally compliant, it is important to clearly state any specific terms when offering options to prevent potential disputes.
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