What are ESOPs?

I am getting offered a 10L Esops for example, does that simply mean i need to pay some amount to get shares worth 10L of company at Actual Market Price? I have got only RSUs until now so now idea how world of esops work and are they actual money? Like If i’m at 40 CTC fixed and getting offer 48 fixed + 8L esops, am i getting 20% increment or 40% increment?

Hello guys, I would want to know what is the benefit of getting ESOPs in an early stage startup? The startup has a great team and working on a promising product. I have been offered a package with somewhat lower fixed component and somewhat higher ESOPs. Need insightful pointers here. TIA :)

So i got the ESOPs in my current company and now they want me to exercise it as it is mandatory to exercise the ESOP in a certain period of time. What will happen once I exercise it?? Also i am thinking of quitting the company so what will happen to the exercised ESOP if I leave the company?? Please give any resources to understand the complete what, how and when of the ESOPs and general summary regarding it

Any Grapeviners here who got significantly rich through ESOPs? Can you share your story?

Hi Folks, I wanted to understand few things related to ESOPS for unlisted companies. Let's say, A company(startup) is offering me a package of 20LPA as fixed component and 4L worth of ESOPS(25% vesting) each year. Consider the date of the above offer date as 1st April 2024 and share value is Rs100/- (1st April 2024) as per the company so ideally 4000 shares Since 20LPA is fixed component, I'll get the salary after tax calculation - all good here. On 1st April 2025 , what happens ? Assumption that share price is constant for one year and has not changed for better understanding. Ideally I get 1000 shares at discounted price? In general , how much discount is offered. If I have to buy at a discounted price, is it really beneficial from financial standpoint? If I'm buying the shares even at a discounted price, why is it a part of CTC since I would be paying it from my pocket? Requesting folks to help me with the clarification as this will help me in negotiations with future employment

I have recently left Tekion and was considering executing my ESOPs. For executing my ESOPs I need to pay around $3.5 per esop to the company. Should I convert my esops to equity? Am looking for some advice from the folks who might have done this in the past.

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?