ESOP

Concept Briefing:

Employee Stock Option Program or Employee stock ownership program - ESOP is an employee incentive program which grants stock options for the company's own stock, often to upper-level employees. An employee stock option is identical to a call option on the company's stock, with some extra restrictions. An ESOP normally specifies: The number of options granted to the employee

The options' exercise price

The options' expiration date

The options' vesting schedule, specifying when options may first be exercised

A list of restrictions on what can and can't be done with the options

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Continue reading 13.02.2007. 22:18

Employee Lift Out

Concept Briefing:

Employee Lift Out or Team Lift Out is an employment practice which entails hiring a high-performance team of people from the same company, usually a competitor. Because the group of people lifted out have worked well together, they can quickly come up to speed in a new environment. A more conventional strategy is to hire star performers individually, but it is often difficult for stars to work together effectively once they are separated from the conditions and resources that made them successful in previous environments. As a side benefit, lift outs often inflict financial and competitive damage on competititors.

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Continue reading 13.02.2007. 18:57