Document background
The ESOP Agreement serves as the foundational document for companies implementing employee share ownership schemes in Ireland. It is typically used when a company wishes to attract, retain, and motivate employees by offering them an opportunity to share in the company's success through share ownership. The agreement must comply with Irish company law, tax legislation, and EU regulations, making it essential for companies operating in Ireland. The document outlines all aspects of the share scheme, from initial grant to eventual exercise or termination, and includes specific provisions for tax efficiency under Irish law. The ESOP Agreement is particularly crucial for growing companies, startups, and established businesses looking to align employee interests with company success while maintaining compliance with Irish legal requirements.
