ESOP stand for Employee Stock Option Plan. ESOP is an option given to →Directors →Officers or →Permanent employees of the company or of its subsidiary in India or outside India or of a holding company or associate company of the company to purchase or subscribe the securities offered by the company at a future date at a predetermined price.
No. Sweat Equity is grant of shares at discount or without monetary considerations. Whereas Employee Stock Option Plan (ESOP) is grant of option to purchase share at predetermined price given to employees.