Employee stock ownership plans (ESOPs) are being considered as an effective way of boosting employee morale and to keep them motivated for the success of the business through better productivity and performance. This presentation discuss about the benefits of ESOPs to the Company and the Employees and as to how the Employee Stock Option Plans help in growth of Companies, Recent changes in the ESOP Regulations as well as the key points to be kept in view while devising, administering and implementing share-based compensation plans for employees.