Khiladi Adda announces ESOP for its employees
- ByStartupStory | March 27, 2023
Khiladi Adda has introduced an Employee Stock Option Plan (ESOP), which involves reserving 10% equity for an ESOP pool. This pool will be managed by a trust that has been specifically formed for this purpose.
As a way of recognizing the dedication and valuable contributions of eleven employees towards the company’s expansion, Khiladi Adda has initiated the first ESOP grant. Eligibility for this grant requires a minimum of two years of employment with the company.
KhiladiAdda intends to offer ESOPs to retain highly committed employees who have proven their worth and have been with the company from the start. Furthermore, ESOPs will be included in the remuneration package for future recruitment of talented and high-value employees. This approach aims to ensure that employees become active participants and beneficiaries of the company’s growth.
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