Esop - applicability to a person under contract employmen

HI All,

 

I need clarification on whether ESOP can be given to a person who is engaged in a private limited company under contract.  What is the guidelines to be followed if he is a non resident and under 1099 contract?

 

Replies (1)

In my openion

Only permenant employee , having fulfilled his specific tenure of service as prescribed is eligible for ESOP

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