When you join the team, the market determines your compensation, which can comprise fixed salary, variable salary and ESOPs. This can also vary as per your risk appetite.
The same amount of ESOPs as compared to cash can often have more than 10x returns, and are long heralded as true “wealth creators”. When granted ESOPs, you become a true owner in the company.
If you continuously contribute to the company’s growth by going well and beyond what is expected in your role, you become eligible for ESOPs. This is often the function of doing something great beyond doing your job well.
Our current ESOP framework has been drafted carefully keeping employee centricity in mind and we have tried to ensure that it is as employee-friendly as possible. Our 10-year exercise period ensures that you have enough time to exercise options (in time for a liquidity event), even if you leave the company.