Question

With respect to ESOP, which of the following statement is incorrect?

A ESOP is an option given to creditors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price.

B ESOP is an option given to whole-time directors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price.

C ESOP is an option given to employees of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price.

D ESOP is an option given to officers of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price.

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