Glossary

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ESOP (Employee Share Option Plan) ===CUT

An Employee Share Option Plan (ESOP) is a type of employee benefit plan that provides employees with the right to purchase a certain number of shares in the company at a discounted price or at a fixed price in the future. ESOPs are commonly used by startups and other companies to incentivize employees and align their interests with those of the company. ESOPs can be structured in different ways, a...

EULA (End User License Agreement)

An End User License Agreement (EULA) is a legal contract between a software application’s licensor (the entity that owns the software) and the end-user who is downloading, installing, or using the software. The EULA outlines the terms and conditions under which the end-user is permitted to use the software. It typically covers issues such as permitted uses, intellectual property rights, warra...