An Employee Share Option Plan (ESOP) allows a company to issue equity to its team members in the form of shares or options. Due to recent changes in Australia’s law, ESOPs are now able to be used by Australian startups without tax complications. The Employee Share Option Plan from General Standards includes both the general rules of the ESOP, along with a tailored equity offer for each team member, setting out the conditions on their equity (including vesting periods and deliverables). Each General Standards ESOP includes an offer and issue of options for up to 1 employee, with each additional employee starting from $220 (discounts apply for multiple employees).