ESOPs are essentially the same thing as stock option plans,which allow employees to buy stocks at a future time at previously set prices.

Name: ESOPs are essentially the same thing as stock option plans,which allow employees to buy stocks at a future time at previously set prices.
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ESOPs (Employee Stock Ownership Plans) involve employees owning shares in the company, often as part of their compensation, while stock option plans give employees the right to purchase shares at a set price in the future.

ESOPs Are Essentially the Same Thing as Stock Option Plans,which